Market Overview:
The global laser welding machines market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laser welding machines from various end-use industries, such as medical, electronics, jewelry industry, tool and mold-making, automobile and others. In addition, technological advancements in laser welding machines are also contributing to the growth of this market. Based on type, the global laser welding machines market is segmented into YAG Laser Welding Machine and CO2 Laser Welding Machine. The YAG Laser Welding Machine segment is expected to account for a larger share of the global market than CO2 Laser Welding Machine during the forecast period owing to its high efficiency and low cost as compared with other types of lasers available in the market. Based on application, medical sector accounted for majority share of total revenue generated by laser welding machine globally in 2017 followed by electronics sector . However , automotive sector is projectedto witness highest CAGR overthe forecast period due t o increasing demand form lightweight vehicles with enhanced fuel efficiency .
Product Definition:
A Laser Welding Machine is a device that uses lasers to weld materials. The importance of laser welding machines is that they can produce high-quality welds with little or no distortion.
YAG Laser Welding Machine:
YAG laser welding machine is a solid-state laser used to weld and cut metals. It produces ultraviolet light in the infrared portion of the electromagnetic spectrum. The YAG laser operates at a frequency between 10 kHz to 100 MHz, has low coherence length (smaller than human hair), and covers only one or two wavelengths at a time.
CO2 Laser Welding Machine:
CO2 laser welding machine is a new technology that uses carbon dioxide gas as a laser beam carrier medium. It produces infrared rays which are absorbed by the base material and then it heat up to produce weld. The major advantage of this system is that there is no need for an electric arc or conventional electrodes, carbon dioxide can provide enough heat for welding without any other source of energy.
Application Insights:
The electronics segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for electronic devices across the globe, especially in emerging economies such as China, India and Brazil. In addition, technological advancements and increasing use of high-tech products are expected to drive demand over the coming years.
The medical application segment is also anticipated to witness significant growth during the study period owing to rapid industrialization coupled with improving healthcare infrastructure in developing countries including China, India and Brazil.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The region has been witnessing rapid growth in automotive production and sales, construction activities, electronic manufacturing and other industries requiring high-quality welds. This is likely to drive the demand for laser machines in this region.
The Asia Pacific was followed by Europe which accounted for over 25% of the overall revenue share in 2017 owing to rising product adoption across various application industries including electronics, medical devices & instrumentsation as well as others such as aerospace manufacturing and tooling industry. The presence of major automobile manufacturers coupled with their extensive R&D activities are projected to augment product demand further over the forecast period.
North America accounted for more than 20% share of global revenue due its early adoption coupled with increasing investments by key players on developing advanced products meeting growing customer demands across various applications such as aerospace components fabrication, heavy machinery component welding etc.
Growth Factors:
- Increasing demand for laser welding machines from the automotive and aerospace industries due to their high accuracy and precision requirements.
- Rising demand for laser welding machines from the medical device industry as they are used in a wide range of applications such as implants, prosthetics, and tissue engineering.
- Growing popularity of laser welding machines among small-scale businesses due to their low cost of ownership and easy operability.
- Increasing research and development investments by leading players to develop innovative products that can address the needs of different industries segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Welding Machines Market Research Report
By Type
YAG Laser Welding Machine, CO2 Laser Welding Machine
By Application
Medical, Electronics, Jewelry industry, Tool and mold-making, Automobile, Others
By Companies
Trumpf, Rofin, Fanuc Robotics, IPG Photonics, Lasag, OR Laser, GSI Group, SPI, Laserline, AMADA GROUP, Photon AG, Jenoptik AG, Precitec
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Laser Welding Machines Market Report Segments:
The global Laser Welding Machines market is segmented on the basis of:
Types
YAG Laser Welding Machine, CO2 Laser Welding Machine
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
Medical, Electronics, Jewelry industry, Tool and mold-making, Automobile, Others
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:
- Trumpf
- Rofin
- Fanuc Robotics
- IPG Photonics
- Lasag
- OR Laser
- GSI Group
- SPI
- Laserline
- AMADA GROUP
- Photon AG
- Jenoptik AG
- Precitec
Highlights of The Laser Welding Machines 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:
- YAG Laser Welding Machine
- CO2 Laser Welding Machine
- By Application:
- Medical
- Electronics
- Jewelry industry
- Tool and mold-making
- Automobile
- Others
- 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 Welding Machines 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 welding machines are used to weld metals by using a laser beam. The laser melts the metal and then the machine uses a robotic arm to position the two pieces of metal so that they are welded together.
Some of the major companies in the laser welding machines market are Trumpf, Rofin, Fanuc Robotics, IPG Photonics, Lasag, OR Laser, GSI Group, SPI, Laserline, AMADA GROUP, Photon AG, Jenoptik AG, Precitec.
The laser welding machines market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Welding Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laser Welding Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Welding Machines Market - Supply Chain
4.5. Global Laser Welding Machines Market Forecast
4.5.1. Laser Welding Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Welding Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Welding Machines Market Absolute $ Opportunity
5. Global Laser Welding Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laser Welding Machines Market Size and Volume Forecast by Type
5.3.1. YAG Laser Welding Machine
5.3.2. CO2 Laser Welding Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Welding Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laser Welding Machines Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Electronics
6.3.3. Jewelry industry
6.3.4. Tool and mold-making
6.3.5. Automobile
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Welding Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laser Welding Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laser Welding Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laser Welding Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laser Welding Machines Demand Share Forecast, 2019-2026
9. North America Laser Welding Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laser Welding Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laser Welding Machines Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Electronics
9.4.3. Jewelry industry
9.4.4. Tool and mold-making
9.4.5. Automobile
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Welding Machines Market Size and Volume Forecast by Type
9.7.1. YAG Laser Welding Machine
9.7.2. CO2 Laser Welding Machine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laser Welding Machines Demand Share Forecast, 2019-2026
10. Latin America Laser Welding Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laser Welding Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laser Welding Machines Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Electronics
10.4.3. Jewelry industry
10.4.4. Tool and mold-making
10.4.5. Automobile
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Welding Machines Market Size and Volume Forecast by Type
10.7.1. YAG Laser Welding Machine
10.7.2. CO2 Laser Welding Machine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laser Welding Machines Demand Share Forecast, 2019-2026
11. Europe Laser Welding Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laser Welding Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laser Welding Machines Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Electronics
11.4.3. Jewelry industry
11.4.4. Tool and mold-making
11.4.5. Automobile
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Welding Machines Market Size and Volume Forecast by Type
11.7.1. YAG Laser Welding Machine
117.2. CO2 Laser Welding Machine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laser Welding Machines Demand Share, 2019-2026
12. Asia Pacific Laser Welding Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laser Welding Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laser Welding Machines Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Electronics
12.4.3. Jewelry industry
12.4.4. Tool and mold-making
12.4.5. Automobile
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Welding Machines Market Size and Volume Forecast by Type
12.7.1. YAG Laser Welding Machine
12.7.2. CO2 Laser Welding Machine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laser Welding Machines Demand Share, 2019-2026
13. Middle East & Africa Laser Welding Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laser Welding Machines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laser Welding Machines Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Electronics
13.4.3. Jewelry industry
13.4.4. Tool and mold-making
13.4.5. Automobile
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Welding Machines Market Size and Volume Forecast by Type
13.7.1. YAG Laser Welding Machine
13.7.2. CO2 Laser Welding Machine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laser Welding Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Welding Machines Market: Market Share Analysis
14.2. Laser Welding Machines Distributors and Customers
14.3. Laser Welding Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trumpf
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rofin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fanuc Robotics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IPG Photonics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lasag
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OR Laser
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GSI Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SPI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Laserline
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AMADA GROUP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Photon AG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jenoptik AG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Precitec
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
