Market Overview:
The global laser tailor-welded blanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-strength materials in passenger vehicles and commercial vehicles. Laser tailor-welded blanks are made by welding two or more sheets of metal together using a laser beam. This process results in a very strong bond between the sheets, which makes them ideal for use in automotive applications. Steel is currently the most popular material used for laser tailor-welded blanks, but aluminum is gaining popularity due to its lighter weight and higher strength-to-weight ratio.
Product Definition:
A laser tailor-welded blank (LTWB) is a sheet metal part that has been precisely cut and welded together using a laser. The advantage of using LTWB's is that they are very strong and can be used in applications where traditional welded blanks would not be suitable.
Steel Tailor-welded Blanks:
Steel tailor-welded blanks are made from high strength steel sheets. These blanks are used in various applications such as laser tailor-welded blanks, structural parts, and others. The usage of the product is increasing on account of its properties such as high tensile strength and corrosion resistance.
Aluminum Tailor-welded Blanks:
Aluminum tailor-welded blanks are made from high strength aluminum sheets, which are welded at regular intervals to form a continuous web. These blanks can be used in laser tailor-welded products as they have the same structural properties as that of the parent metal. Aluminum is extensively used for manufacturing welding equipment such as cutting systems and lasers owing to its lightweight property and easy availability.
Application Insights:
The global demand for the passenger vehicle application segment was valued at USD 5.5 billion in 2017 and is expected to witness significant growth over the forecast period. The increasing production of vehicles in China, Japan, South Korea, Taiwan and other countries has led to an increased use of these products as they are lightweight compared to conventional steel or aluminum parts.
Commercial vehicle applications accounted for a market share of 26% in terms of revenue in 2017 owing to rising utilization across construction equipment such as backhoe loaders among others. These machines require heavy-duty parts that can withstand high pressure which leads to an increased adoption of aluminum tailor-welded blanks in comparison with their steel counterparts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players in countries, such as China, Japan and India coupled with rising demand from end-use industries is anticipated to drive growth. In addition, increasing investments by manufacturers for manufacturing lightweight vehicles owing to growing consumer preference for fuel efficient vehicles is likely to have a positive impact on industry growth.
Europe accounted for a significant share of revenue in 2017 owing to high demand from automotive industry particularly Germany which exports large number of cars across the globe. However, stringent regulations regarding VOC emissions coupled with COVID-19 pandemic may hinder production activities during the forecast period thus affecting overall market growth negatively.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles: The global automotive industry is witnessing a shift towards the production of lightweight and fuel-efficient vehicles. This is primarily due to the increasing concerns over environmental pollution and rising fuel costs. Laser Tailor-welded Blanks offer weight savings as compared to traditional stamped blanks, making them an attractive option for automotive manufacturers.
- Growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and superior performance characteristics. Laser Tailor-welded Blanks are particularly well suited for electric vehicle applications as they offer high strength-to-weight ratios and improved thermal management properties.
- Rising demand from the aerospace industry: The aerospace industry is one of the key growth drivers for laser tailor welded blanks market owing to the need for lightweight, durable, and corrosion resistant components in aircrafts & satellites .Laser Tailor Welding offers significant weight savings over traditional welding methods, making it an ideal choice for manufacturing aircraft parts & components..
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Tailor-welded Blanks Market Research Report
By Type
Steel Tailor-welded Blanks, Aluminum Tailor-welded Blanks
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Baosteel, Arcelormittal, Shiloh, JFE, Ansteel Group, POSCO, TATA, Baosteel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Laser Tailor-welded Blanks Market Report Segments:
The global Laser Tailor-welded Blanks market is segmented on the basis of:
Types
Steel Tailor-welded Blanks, Aluminum Tailor-welded Blanks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baosteel
- Arcelormittal
- Shiloh
- JFE
- Ansteel Group
- POSCO
- TATA
- Baosteel
Highlights of The Laser Tailor-welded Blanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel Tailor-welded Blanks
- Aluminum Tailor-welded Blanks
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Tailor-welded Blanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laser Tailor-welded Blanks are a type of metal blank that is laser cut and then welded together. This process creates a strong, durable blank that can be easily customized.
Some of the major companies in the laser tailor-welded blanks market are Baosteel, Arcelormittal, Shiloh, JFE, Ansteel Group, POSCO, TATA, Baosteel.
The laser tailor-welded blanks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Tailor-welded Blanks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser Tailor-welded Blanks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Tailor-welded Blanks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser Tailor-welded Blanks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser Tailor-welded Blanks Market Size & Forecast, 2018-2028
4.5.1 Laser Tailor-welded Blanks Market Size and Y-o-Y Growth
4.5.2 Laser Tailor-welded Blanks Market Absolute $ Opportunity
Chapter 5 Global Laser Tailor-welded Blanks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laser Tailor-welded Blanks Market Size Forecast by Type
5.2.1 Steel Tailor-welded Blanks
5.2.2 Aluminum Tailor-welded Blanks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laser Tailor-welded Blanks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laser Tailor-welded Blanks Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Tailor-welded Blanks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Tailor-welded Blanks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laser Tailor-welded Blanks Analysis and Forecast
9.1 Introduction
9.2 North America Laser Tailor-welded Blanks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laser Tailor-welded Blanks Market Size Forecast by Type
9.6.1 Steel Tailor-welded Blanks
9.6.2 Aluminum Tailor-welded Blanks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laser Tailor-welded Blanks Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laser Tailor-welded Blanks Analysis and Forecast
10.1 Introduction
10.2 Europe Laser Tailor-welded Blanks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laser Tailor-welded Blanks Market Size Forecast by Type
10.6.1 Steel Tailor-welded Blanks
10.6.2 Aluminum Tailor-welded Blanks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laser Tailor-welded Blanks Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laser Tailor-welded Blanks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laser Tailor-welded Blanks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laser Tailor-welded Blanks Market Size Forecast by Type
11.6.1 Steel Tailor-welded Blanks
11.6.2 Aluminum Tailor-welded Blanks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laser Tailor-welded Blanks Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laser Tailor-welded Blanks Analysis and Forecast
12.1 Introduction
12.2 Latin America Laser Tailor-welded Blanks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laser Tailor-welded Blanks Market Size Forecast by Type
12.6.1 Steel Tailor-welded Blanks
12.6.2 Aluminum Tailor-welded Blanks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laser Tailor-welded Blanks Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laser Tailor-welded Blanks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laser Tailor-welded Blanks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laser Tailor-welded Blanks Market Size Forecast by Type
13.6.1 Steel Tailor-welded Blanks
13.6.2 Aluminum Tailor-welded Blanks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laser Tailor-welded Blanks Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Tailor-welded Blanks Market: Competitive Dashboard
14.2 Global Laser Tailor-welded Blanks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baosteel
14.3.2 Arcelormittal
14.3.3 Shiloh
14.3.4 JFE
14.3.5 Ansteel Group
14.3.6 POSCO
14.3.7 TATA
14.3.8 Baosteel
