Press release
Laser Welding Machine Market Outlook 2024: Exclusive Report By The Business Research Company
Laser Welding Machine Market
The Business Research Company offers in-depth market insights through Laser Welding Machine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The laser welding machine market size has grown steadily in recent years. It will grow from $1.32 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to high heat resistance, automotive applications, telecommunications infrastructure, industrial growth, chemical resistance, manufacturing advancements..
The laser welding machine market size is expected to see steady growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to electric vehicle growth, sustainable material focus, rising consumer goods demand, flexible electronics, aerospace sector opportunities, global industrialization. Major trends in the forecast period include biotechnology advances, innovations in manufacturing processes, technological advancements, collaborations and mergers, smart packaging.
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Market Segmentation:
The laser welding machine market covered in this report is segmented -
1) By Type: Handheld Laser Welding Machine, Automated Laser Welding Machine
2) By Technology: Fiber Laser Welding Machine, Co2 Laser Welding Machine, Solid-State Laser Welding Machine
3) By End User: Automotive, Electronics, Medical, Jewelry Industry, Tool and Mold-Making, Other End Users
Major Driver - Surging Demand For Fabricated Metal Products Drives Expansion In The Laser Welding Machine Market
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. Laser welding machines are widely used in the fabrication of metal products for various processes such as the joining of thin metal sheets with minimal heat input and the joining of dissimilar metals. For instance, in April 2023, according to Eurostat, a Luxembourg-based European statistical office, the manufacturing of fabricated metal products and basic metals accounted for 23% of the value of sold production in Italy in 2021. Bulgaria accounted for 22% of the share, followed by Greece at 21%, and Austria, Finland, and Slovenia each captured 20% of the value of sold production for fabricated metal products and basic metals in 2021. Therefore, the growing demand for fabricated metal products is driving the growth of the laser welding machine.
Competitive Landscape:
Major companies operating in the laser welding machine market report are TRUMPF Group, The Emerson Electric Co., Wuhan Golden Laser Co., Jenoptik AG, LaserStar Technologies Corporation, IPG Photonics Corporation, Amada Miyachi Co. Ltd., O.R. Lasertechnologie GmbH, Golden Laser Co. Ltd., Coherent Inc., Perfect Laser Co. Ltd., Laserline GmbH, Huagong Laser Engineering Co. Ltd., Sahajanand Laser Technology Limited, SIGMA Laser GmbH, Sisma S.p.A., Emerson Electric Co., Shenzhen HeroLaser Equipment Co.Ltd., EMAG GmbH & Co. KG, FANUC Robotics Company, LASAG Corporation, Han's Laser Technology Co. Ltd., Baison Laser, SPI Lasers UK Ltd., Alpha Laser U.S., Wuhan Sintec Optronics Co.Ltd., Rofin-Sinar Technologies Inc., Wuhan Huagong Laser Engineering Co.Ltd., Nüernberg Industrial Laser GmbH
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Top Trend - Innovative Laser Flowpack 700 For Sustainable Fruit And Vegetable Packaging
Product innovations are a key trend gaining popularity in the laser welding machine market. Companies operating in the laser welding machine market are developing innovative products to sustain their position in the market. For instance, in February 2023, NewTec GmbH, a Belgium-based manufacturer of weighing, sorting, and packaging machinery, launched a new laser welding machine, the ""LASER FLOWPACK 700"". This new laser welding machine is used for the packaging of fruit and vegetable products and is equipped with both the capabilities of cutting and sealing in one machine. The LASER FLOWPACK700 enables the automation of plastic film production as required, thus reducing the consumption of plastics.
The Table Of Content For The Market Report 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
…..
27. Laser Welding Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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