Market Overview:
The global laser tailor-welded products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for laser tailor-welded products in the automotive industry, owing to their superior properties such as high strength-to-weight ratio and corrosion resistance. In terms of type, the tailored tubes segment is expected to witness highest growth during the forecast period, followed by tailored coils and tailor welded blanks segments. The passenger vehicle application segment is projected to account for majority share of global laser tailor welded products market in 2018 and is also expected to register highest CAGR over the forecast period. North America accounted for largest share of global laser tailer welded product market in 2017 and it is also projected that this region will continue its dominance throughout 2030.
Product Definition:
Laser tailor-welded products are made from two or more parts that have been welded together with a laser. The laser is used to heat the material and fuse it together. This process creates a very strong bond and results in a product that is less likely to break or tear. Laser tailor-welded products are often used in the automotive, aerospace, and construction industries.
Tailor Welded Blanks:
Tailor welded blanks are manufactured by heating the required amount of metal to a molten liquid state, which is then spread over a flat surface and allowed to cool. The resulting sheet of metal has the shape of the original part along with any additional cuts or shapes added during processing.
The advantages offered by tailor welded blanks include reduced welding time, cost-effectiveness,.
Tailored Coils:
Tailored Coils are laser-cut steel coils that are used in Laser Tailor-welded Products. They have a series of holes along their length and these holes act as welding electrodes when electricity is passed through them. The product is available in different sizes depending upon the application requirements such as small, medium, large and extra large.
Application Insights:
The demand for the commercial vehicle segment dominated the global market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to increasing construction and infrastructure activities in developing countries such as China, India and Brazil. Furthermore, rising demand for trucks and buses from various industries is expected to boost product consumption over the forecast period.
Passenger vehicle applications include light vehicles such as cars or light commercial vehicles (LCVs). Growing automotive production across emerging markets including China Japan South Korea Taiwan has resulted in increased utilization of LCV¢â‚¬â„¢s which are primarily used on a daily basis by small businesses and consumers respectively owing to their low cost structure & operating costs coupled with ease of handling & maneuverability characteristics that make them highly suitable for short-distance travels within cities & townships across all aforementioned regions globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automotive production and sales, especially in countries such as China, India, Japan and South Korea. In addition, rising investments by OEMs for developing advanced vehicles are anticipated to drive industry expansion over the next eight years.
The growing manufacturing sector of emerging economies such as Brazil and Mexico is also projected to fuel demand for these products during the forecast period. Moreover, Latin America has witnessed a surge in popularity among international automakers including Volkswagen Group; Daimler AG; PSA Group; BMW Group; Hyundai Motor Company Ltd.; Honda Motor Co., Ltd.; Nissan Motors Corporation etc.
Growth Factors:
- Increasing demand for laser tailor-welded products from the automotive and aerospace industries due to their superior properties such as high strength-to-weight ratio and corrosion resistance.
- Growing popularity of laser tailor-welded products among consumers due to their unique design, aesthetics, and performance characteristics.
- Rising demand for laser tailor-welded products from the construction industry as they are used in a wide range of applications such as roofing, cladding, facades, and insulation systems.
- Proliferation of online shopping platforms that offer a wide range of laser tailor-welded products at competitive prices has boosted the sales growth of this market segment significantly over the past few years. 5) Technological advancements in lasers technology that have led to development of new generation lasers with higher power outputs is expected to fuel the growth prospects of this market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Tailor-welded Products Market Research Report
By Type
Tailor Welded Blanks, Tailored Coils, Tailored Tubes, Other
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Laser Tailor-welded Products Market Report Segments:
The global Laser Tailor-welded Products market is segmented on the basis of:
Types
Tailor Welded Blanks, Tailored Coils, Tailored Tubes, Other
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 Products 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:
- Tailor Welded Blanks
- Tailored Coils
- Tailored Tubes
- Other
- 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 Products 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Products (LTWP) is a process that uses lasers to weld two pieces of metal together. The laser melts the metal and then fuses it together, creating a strong and durable connection. This process is used in manufacturing, engineering, and construction applications where a strong connection between two pieces of metal is required.
Some of the key players operating in the laser tailor-welded products market are Baosteel, Arcelormittal, Shiloh, JFE, Ansteel Group, POSCO, TATA, Baosteel.
The laser tailor-welded products market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Tailor-welded Products 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 Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Tailor-welded Products 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 Products 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 Products Market Size & Forecast, 2018-2028
4.5.1 Laser Tailor-welded Products Market Size and Y-o-Y Growth
4.5.2 Laser Tailor-welded Products Market Absolute $ Opportunity
Chapter 5 Global Laser Tailor-welded Products 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 Products Market Size Forecast by Type
5.2.1 Tailor Welded Blanks
5.2.2 Tailored Coils
5.2.3 Tailored Tubes
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laser Tailor-welded Products 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 Products 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 Products 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 Products 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 Products Analysis and Forecast
9.1 Introduction
9.2 North America Laser Tailor-welded Products 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 Products Market Size Forecast by Type
9.6.1 Tailor Welded Blanks
9.6.2 Tailored Coils
9.6.3 Tailored Tubes
9.6.4 Other
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 Products 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 Products Analysis and Forecast
10.1 Introduction
10.2 Europe Laser Tailor-welded Products 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 Products Market Size Forecast by Type
10.6.1 Tailor Welded Blanks
10.6.2 Tailored Coils
10.6.3 Tailored Tubes
10.6.4 Other
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 Products 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 Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laser Tailor-welded Products 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 Products Market Size Forecast by Type
11.6.1 Tailor Welded Blanks
11.6.2 Tailored Coils
11.6.3 Tailored Tubes
11.6.4 Other
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 Products 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 Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Laser Tailor-welded Products 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 Products Market Size Forecast by Type
12.6.1 Tailor Welded Blanks
12.6.2 Tailored Coils
12.6.3 Tailored Tubes
12.6.4 Other
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 Products 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 Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laser Tailor-welded Products 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 Products Market Size Forecast by Type
13.6.1 Tailor Welded Blanks
13.6.2 Tailored Coils
13.6.3 Tailored Tubes
13.6.4 Other
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 Products 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 Products Market: Competitive Dashboard
14.2 Global Laser Tailor-welded Products 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
