The Global Laser Welding Machine Marketholds the potential to reach USD XX Mn. by 2027. The report covers the detailed analysis of the Global Laser Welding Machine industry with the classifications of the market on the basis of technology, end-user, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
The laser welding machine is mainly used to join the multiple metal pieces or parts with the assistance concentrated laser beam as a source of heat. These machines are mostly preferred for high-volume applications. Laser welding machines are used in a wide range of industries including automotive, medical, electronics, jewelry, and others. Shifting manufacturer's focus from traditional welding machines to laser welding machines is expected to create lucrative opportunities for the market over the forecast period.
The report has profiled thirteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. Major country’s policies about manufacturing and its impact on motor demand are covered in the report.
Global Laser Welding Machine Market
Global Laser Welding Machine Market Dynamics
Growing manufacturer’s preference for laser welding machine is driving the market
Laser welding machines provide high-speed welding with enhanced accuracy as compared to traditional welding machines, hence these machines are highly preferred by the manufacturers. Laser welding machines are used in a wide range of industries including automotive, medical, electronics, jewelry, and others. These machines eliminate the use of chemical additives & glue from the welding process. Growing automation in different industrial sectors is expected to propel the demand for laser welding machines. Laser welding machines are highly preferred in the automotive industry thanks to their high productivity for welding automotive parts at a low cost. The ability of laser welding machines to weld all types of metals with high heat conductivity further increases their applicability. High thermal stability provided by laser welding machines is one of the major factors behind the market growth. High demand for fabricated metal parts and industrial equipment is expected to propel the market growth over the forecast period. Shifting manufacturer's focus from traditional welding to laser welding is also expected to drive the market growth over the forecast period. Increasing demand for the automated equipment due to a lack of skilled workers in the industry is further expected to accelerate the market growth over the forecast period.
High maintenance cost of laser welding machine is expected to hinder the market growth.
The high initial and maintenance cost of laser welding machines is the restraining factor for the market. In addition to this, the Laser welding process involves a rapid rate of cooling which further causes cracks in some metal parts, which is expected to hinder the market growth over the forecast period.
Advancement in laser welding technology is expected to create new opportunities.
Technological advancement in laser welding techniques with the assistance of industrial automation is expected to create lucrative opportunities for the market. Moreover, the developing automotive sector with the introduction of new generation vehicles are anticipated to generate new prospects for market growth over the forecast period.
Scope of Global Laser Welding Machine Market : Inquire before buying
The market is divided into three main segments and further into sub-segments to forecast the market size by value.
Global Laser Welding Machine Market, By Technology.
• Fiber Laser Welding Machine
• Solid-State Laser Welding Machine
• Co2 Laser Welding Machine
Global Laser Welding Machine Market
To know about the Research Methodology :- Request Free Sample Report
Fiber laser welding machine segment is expected to command largest market share of XX% by 2027.
Fiber laser welding machines are much advanced as compared to other welding machines. These machines ensure high-speed welding operation and they are easy to use as compared to other welding machines. Increasing demand for fiber laser welding machines in jewelry, electronics, automotive, aviation, and other industries is expected to fuel the segment growth over the forecast period. These machines use fiber optics to channel and amplify the light, this ensures the efficient and effective delivery of light on the targeted spot.
Global Laser Welding Machine Market, By End User.
• Automotive
• Electronics
• Medical
• Jewelry Industry
• Tool And Mold-Making
• Others
Automotive segment is expected to command the largest market share of XX% by 2027.
Laser welding machines are highly preferred in the automotive sector, thanks to their ability to weld automotive parts with high accuracy. Laser welding is used to weld engine parts, transmission parts, fuel filters, solenoids, and others. Laser welding is an efficient process for mass production hence their demand is increasing in the automotive industry. Laser welding machines are easy to automate which further boosts their demand in the automotive industry. Rebounding the automotive sector with technological advancement is expected to create high demand for laser welding machines. Demand for quality fabricated parts in the automotive segment is further expected to accelerate the market growth over the forecast period.
Global Laser Welding Machine Market1
Global Laser Welding Machine Market, By Region.
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Asia Pacific is expected to register the highest growth at XX% CAGR over the forecast period.
Europe has commanded the largest market share of XX% in 2019. Well established automotive sector in countries like Germany, Spain, France, and others is expected to act as an engine for the market growth in the region. Technological advancement in the region is the supporting factor for the market. However, Asia Pacific is expected to register the highest growth at XX% CAGR over the forecast period. China is already the largest market for the automotive sector which is expected to fuel the market growth in the region. Growing industrialization and the presence of a large number of manufacturing facilities in APAC are expected to drive the market growth over the forecast period. Increasing awareness and adoption of laser welding machines in various industrial sectors is further expected to boost the market growth during the forecast period. Increasing demand for fabricated metal parts in the heavy machinery industry is expected to positively influence market growth. Increasing automation is also expected to accelerate the market growth during the forecast period. Growing demand for high productivity in the welding operation is expected to propel the demand for the global laser welding machine market over the forecast period.
Global Laser Welding Machine Market2
Covid-19 Impact on the Global Laser Welding Machine Market:
• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations has created a negative impact on global Welding Industry.
• The coronavirus adversely impacted the Laser Welding Machine market. Restriction on public transportation and the disruption caused by the lockdown would harm the market. Most of the sectors are not functioning properly due to the influence of Covid-19 which has caused an adverse impact on the Global Laser Welding Machine Market.
The objective of the report is to present a comprehensive analysis of the Global Laser Welding Machine Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Laser Welding Machine Market dynamics, structure by analyzing the market segments and project the Global Laser Welding Machine Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Laser Welding Machine Market make the report investor’s guide.
Competitive Insight
The global laser welding machine market is fragmented with the presence of domestic and international players in the market. Companies are investing in the development of automated laser welding machines to provide advanced welding solutions to consumers. Companies are launching new easy to use products to reduce the requirement of skilled workers. For an instance, IPG Photonics launched their light WELD system in 2020. This system is a handheld laser welding system with a user-friendly interface. The report also covers the list of all the key players, their business strategies, and financial details.
For More Information Visit :
https://www.maximizemarketresearch.com/market-report/global-laser-welding-machine-market/54605/
Global Laser Welding Machine Market, by Technology
• Fiber Laser Welding Machine
• Solid-State Laser Welding Machine
• Co2 Laser Welding Machine
Global Laser Welding Machine Market, by End User
• Automotive
• Electronics
• Medical
• Jewelry Industry
• Tool And Mold-Making
• Others
Global Laser Welding Machine Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Laser Welding Machine Market
• O.R. Laser technologie GmbH
• FANUC Robotics
• GSI Group, Inc.
• LaserStar Technologies Corporation
• Emerson Electric Co.
• IPG Photonics
• TRUMPF Group
• Amada Miyachi Co., Ltd
• Wuhan Golden Laser Co., Ltd.
• JENOPTIK AG.
• Silasers
• Laser Lab India pvt. Ltd.
• Lyustec
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.