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Laser Welding Machine Market 2023 - Global Driving Factors, Top Manufacturers, Growth Opportunities And Forecast To 2032
Laser Welding Machine Market
Laser Welding Machine Market Size, Growth Rate, And Forecast
The global laser welding machine market size is expected to grow from $1.26 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global laser welding machine market size is expected to reach $1.55 billion in 2027 at a CAGR of 4.2%.
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Laser Welding Machine Market Drivers
The growing demand for fabricated metal products is expected to propel the growth of the laser welding machine market going forward. Fabricated metal products refer to a wide range of metal structures, parts, and components that are created by various processes of fabrication, such as cutting, bending, welding, and assembling.
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Laser Welding Machine Market Segments
• By Type: Handheld Laser Welding Machine, Automated Laser Welding Machine
• By Technology: Fiber Laser Welding Machine, Co2 Laser Welding Machine, Solid-State Laser Welding Machine
• By End User: Automotive, Electronics, Medical, Jewelry Industry, Tool and Mold-Making, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Laser Welding Machine market.
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Laser Welding Machine Market Key Players
Major competitors in the Laser Welding Machine market include TRUMPF Group, The Emerson Electric Co., Wuhan Golden Laser Co., Jenoptik AG, LaserStar Technologies Corporation.
The Business Research Company's "Global Laser Welding Machine Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Laser Welding Machine Market Include:
1. Executive Summary
2. Laser Welding Machine Market Characteristics
3. Laser Welding Machine Market Trends And Strategies
4. Laser Welding Machine Market - Macro Economic Scenario
5. Laser Welding Machine Market Size And Growth
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26. Africa Laser Welding Machine Market
27. Laser Welding Machine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Laser Welding Machine Market
29. Laser Welding Machine Market Future Outlook and Potential Analysis
30. Appendix
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