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Laser Welding Machine Market Report Scope & Overview:

Laser Welding Machine Market size was valued at USD 0.96 Bn in 2023 and is expected to reach USD 1.39 Bn by 2031 and grow at a CAGR of 4.81% over the forecast period 2024-2031.

A laser welding machine uses a laser beam as a focused heat source to connect numerous pieces of various materials. Laser welding technology has advanced to the point that it now has a wide range of uses. Laser welding allows materials or components to be joined at high speeds with minimal thermal deformation. Different development industries, such as entertainment electronics, photovoltaics, and medical device technology, are progressively using laser welding machines.

Laser Welding Machine Market Revenue Analysis

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Laser welding machines are utilized in a variety of sectors, including automotive, medical, electronics, jewelry, and many more. Chemical additives and adhesives are no longer used in the welding process with this machine. The need for laser welding machines is likely to rise as automation in many industries becomes more prevalent. Due to its excellent productivity for welding automobile components at a cheap cost, laser welding machines are extensively sought in the automotive sector. Laser welding machines’ ability to weld various sorts of metals with great heat conductivity expands their usefulness even more.

MARKET DYNAMICS:

KEY DRIVERS:

  • It's used in a variety of industries.

  • high-speed welding with increased precision.

  • Different industrial sectors are becoming increasingly automated.

RESTRAINTS:

  • The high initial and maintenance cost.

  • A scarcity of qualified and knowledgeable workers.

OPPORTUNITY:

  • New product releases and R&D.

  • Demand for fabricated metal components and industrial equipment is increasing.

  • Technological advancement in laser welding techniques.

CHALLENGES:

  • The rapid rate of cooling causes cracks in some metal parts.

IMPACT OF COVID-19:

The global coronavirus epidemic has put significant strain on companies and industries. All governments have implemented a lock-up system to identify the spread of contagious illnesses. The impact of these laws on the worldwide welding industry has been unfavorable. The laser welding machine market was negatively affected by the coronavirus. The market would be harmed by restrictions on public transit and the disturbance produced by the lockdown. Due to the influence of Covid-19, most sectors are not working correctly, which has had a negative impact on the Global Laser Welding Machine Market.

MARKET ESTIMATION:

When compared to other welding equipment, fiber laser welding machines are far more sophisticated. In comparison to conventional welding equipment, these machines ensure high-speed welding and are simple to operate. Demand for fiber laser welding equipment is predicted to develop in the jewelry, electronics, automotive, aviation, and other sectors throughout the forecast period. These devices employ fiber optics to channel and magnify light, ensuring that light is delivered efficiently and effectively to the desired location. Because of its capacity to weld automobile parts with great precision, laser welding machines are quite popular in the automotive industry. Engine parts, gearbox parts, fuel filters, solenoids, and other items are all-welded using laser welding. Because laser welding is a cost-effective method for mass manufacturing, its use in the automobile sector is growing. Laser welding equipment is simple to automate, increasing its use in the automobile sector. Laser welding devices are projected to be in high demand as the automobile industry recovers thanks to technical innovation. Over the projected period, demand for quality fabricated components in the automotive industry is likely to fuel market expansion.

KEY MARKET SEGMENTATION

By Technology

  • Fiber Laser Welding Machine

  • Solid-State Laser Welding Machine

  • Co2 Laser Welding Machine

By End-user

  • Automotive

  • Electronics

  • Medical

  • Jewelry Industry

  • Tool and Mold-Making

  • Others

REGIONAL ANALYSIS:

In 2023, Europe held the greatest market share in the world market. The well-established automotive sector in nations such as Germany, Spain, and France, among others, is likely to drive regional market expansion. The market is being supported by technological improvement in the region. The Asia Pacific, on the other hand, is predicted to develop at the fastest rate, with a positive CAGR during the projection period. China is already the largest market for the automobile industry, and it is likely to drive regional market expansion.

Over the projection period, APAC's growing industrialization and a high number of manufacturing facilities are likely to boost market expansion. Increasing awareness and use of laser welding equipment in different industrial sectors are likely to further fuel market development during the forecast period. The heavy equipment industry's increasing need for fabricated metal components is likely to boost the market growth. During the projected period, increasing automation is likely to boost market growth. Over the projected period, the rising need for high productivity in welding operations is likely to drive the worldwide laser welding machine market.

Laser Welding Machine Market By Region

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REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players included are Emerson Electric Company, IPG Photonics, O.R. Lasertechnologie, TRUMPF Group, Amada Miyachi Co., Ltd, FANUC Robotics, Golden Laser, GSI Group, Inc., JENOPTIK AG., LaserStar Technologies Corporation.

IPG Photonics-Company Financial Analysis

Company Landscape Analysis

Laser Welding Machine Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 0.96  Billion
Market Size by 2031 US$ 1.39 Billion
CAGR CAGR of 4.81 % From 2024 to 2031
Base Year 2022
Forecast Period 2024-2031
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Technology (Fiber Laser Welding Machine, Solid-State Laser Welding Machine, Co2 Laser Welding Machine)
• by End-user (Automotive, Electronics, Medical, Jewelry Industry, Tool, And Mold-Making, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Emerson Electric Company, IPG Photonics, O.R. Lasertechnologie, TRUMPF Group, Amada Miyachi Co., Ltd, FANUC Robotics, Golden Laser, GSI Group, Inc., JENOPTIK AG., LaserStar Technologies Corporation.
Key Drivers •It's used in a variety of industries.

•high-speed welding with increased precision.
Restraints •The high initial and maintenance cost.

•A scarcity of qualified and knowledgeable workers.

Frequently Asked Questions

Ans: - The Laser Welding Machine Market size is projected to reach USD 0.96 Bn in 2023.

Ans: The Laser Welding Machine Market is to grow at a CAGR of 4.81% From 2024 to 2031.

Ans: - The segments covered in the Laser Welding Machine Market report for study are on the basis of Technology and End-user.

Ans: - In 2023, Europe held the greatest market share in the world market.

Ans: - The primary growth tactics of Laser Welding Machine market participants include merger and acquisition, business expansion, and product launch.

Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Laser Welding Machine Market Segmentation, by Technology

8.1 Fiber Laser Welding Machine

8.2 Solid-State Laser Welding Machine

8.3 Co2 Laser Welding Machine

9. Laser Welding Machine Market Segmentation, by End User

9.1 Automotive

9.2 Electronics

9.3 Medical

9.4 Jewelry Industry

9.5 Tool and Mold-Making

9.6 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profiles

11.1   Emerson Electric Company

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 IPG Photonics

11.3 O.R. Lasertechnologie

11.4 TRUMPF Group

11.5 Amada Miyachi Co., Ltd

11.6 FANUC Robotics

11.7 Golden Laser

11.8 GSI Group, Inc. 

11.9 JENOPTIK AG.

11.10 LaserStar Technologies Corporation

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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