Global Laser Welding Machine Market, By Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), Application (Medical, Electronics, Jewelry industry, Automotive, Tool and Mold-making and Others) – Industry Trends and Forecast to 2029.
Laser Welding Machine Market Analysis and Size
Advances in manufacturing procedures, adoption of new technologies, and product innovations are increasing demand for laser welding, which predicts the growth of the laser welding machine market. Furthermore, the low cost and high productivity of laser welding are driving the market for laser welding machines.
Global Laser Welding Machine market was valued at USD 1,278.30 million in 2021 and is expected to reach USD 1,762.94 million by 2029, registering a CAGR of 4.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Fiber Laser Welding Machine, Co2 Laser Welding Machine and Solid-State Laser Welding Machine), Application (Medical, Electronics, Jewelry industry, Automotive, Tool and Mold-making and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Doosan Corporation (South Korea), Amada (India) Pvt. Ltd (India), Makino (Japan), JTEKT Corporation (Japan), Georg Fischer Ltd (Switzerland), Komatsu NTC (Japan), Okuma Corporation (Japan), HYUNDAI WIA CORP (South Korea), CHIRON Group SE (Germany), MAG IAS Gmbh (Germany), Haas Automation, Inc (US), GROB-WERKE GmbH & CO.KG (Germany), SPINNER machine tool factory GmbH (Germany), YAMAZAKI Mazak Corporation (Japan), DMG MORI (Germany)
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Market Opportunities
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Market Definition
A laser welding machine is used to join together multiple pieces of various materials by using a laser beam as a concentrated heat source. Numerous advances in laser welding technology have resulted in diverse applications. Laser welding is useful for joining materials or components that require fast welding and low thermal distortion. Laser welding machines are becoming more popular in a variety of high-growth industries, including entertainment electronics, photovoltaics, and medical device technology.
Global Laser Welding Machine Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing adoption from the various end user industries
Laser welding machines are simple to use and produce little scrap. Laser welding machines are capable of welding aluminum, stainless steel, high-strength steel, carbon steel, precious metals, and other materials. These machines enable automation in the welding process, increasing overall production volume. Due to these advantages, laser welding machines are increasingly used in medical device, automotive, heavy, and construction industries. As a result, the laser welding machine market is expected to expand at a rapid pace in the coming years.
- Technological shift from traditional welding and lack of skilled labors
Manufacturers shifting their focus from traditional welding to laser welding is also expected to drive market growth during the forecast period. Increased demand for automated equipment due to a shortage of skilled workers in the industry is expected to accelerate market growth over the forecast period.
Opportunities
- Innovation and Initiatives
The market is expected to benefit from technological advancements in laser welding techniques with the help of industrial automation. Furthermore, with the introduction of new generation vehicles, the developing automotive sector is expected to generate new opportunities for market growth over the forecast period.
Restraints/Challenges
- High Costs
The high purchase and maintenance costs of laser welding machines are the limiting factor for the market. Moreover, the laser welding process involves rapid cooling, which causes further cracks in some metal parts, which is likely to hamper the growth of the market over the forecast period.
This laser welding machine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laser welding machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Laser Welding Machine Market
The COVID-19 pandemic is putting tremendous pressure on businesses and industries around the world. Governments of all countries are implementing lockdowns to detect the transmission of infectious diseases. The contribution of these regulations has a negative impact on the global welding industry. Coronavirus had a negative impact on the laser welding machine market. Disruptions from public transport restrictions and lockdowns will hit the market. Due to the impact of Covid-19, most of the sectors are not functioning properly, negatively impacting the global laser welding machine market.
Recent Development
- Emerson Automation Solutions attended MD&M West 2022 April 12-14 in Anaheim, California to demonstrate the latest innovations in ASCO valves and Branson laser welding solutions for medical devices.
- With the TruLaser Weld 1000 TRUMPF offers a new and innovative product designed to make it easy for small businesses to get started with automated laser welding. This product is suitable for welding sheet metal boxes, control cabinets and covers.
Global Laser Welding Machine Market Scope
The laser welding machine market is segmented on the basis of technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Fiber Laser Welding Machine
- Co2 Laser Welding Machine
- Solid-State Laser Welding Machine
Application
- Medical
- Electronics
- Jewelry industry
- Automotive
- Tool and Mold-making
- Others
Laser Welding Machine Market Regional Analysis/Insights
The laser welding machine market is analyzed and market size insights and trends are provided by country, technology and application as referenced above.
The countries covered in the laser welding machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) is expected to grow faster than other regions during the forecast period. This region has the largest number of manufacturing facilities where the adoption of laser welders with a focus on improving productivity is essential. China is expected to become the most important country in the region due to its huge manufacturing sector. Moreover, the automotive industry is one of China's pillar industries and continues to be the world's largest automotive market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laser Welding Machine Market Share Analysis
The laser welding machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laser welding machine market.
Some of the major players operating in the laser welding machine market are
- Doosan Corporation (South Korea)
- Amada (India) Pvt. Ltd (India)
- Makino (Japan)
- JTEKT Corporation (Japan)
- Georg Fischer Ltd (Switzerland)
- Komatsu NTC (Japan)
- Okuma Corporation (Japan)
- HYUNDAI WIA CORP (South Korea)
- CHIRON Group SE (Germany)
- MAG IAS Gmbh (Germany)
- Haas Automation, Inc (U.S.)
- GROB-WERKE GmbH & CO.KG (Germany)
- SPINNER machine tool factory GmbH (Germany)
- YAMAZAKI Mazak Corporation (Japan)
- DMG MORI (Germany)
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