The Laser Welding Machine Market size was valued at USD 1,278.30 million in 2021, growing at a CAGR of 4.10% from 2022 to 2032: Evolve Business Intelligence

The global Laser Welding Machine Market size was valued at USD 1,278.30 million in 2021 growing at a CAGR of 4.10% from 2022 to 2032. A laser welding machine is cast-off to join together manifold pieces of various materials by consuming a laser beam as a concentrated heat source. Frequent advances in laser welding technology have caused diverse applications. Laser welding is valuable for joining materials or components that need fast welding and low thermal distortion. Laser welding machines are attractive and more popular in a variety of high-growth industries, counting performing electronics, photovoltaics, and medical device technology.

The driving factor of the Laser Welding Machine Market are:

• Rising adoption from the several end-user industries

Laser welding machines are simple to use and produce little scrap. Laser welding machines are capable of welding aluminum, high-strength steel, carbon steel, precious metals, and other materials. These machines allow automation in the welding process, growing overall production volume. Owing to these advantages, laser welding machines are progressively used in the medical device, motorized, heavy, and construction industries. As a consequence, the laser welding machine market is anticipated to expand at a rapid pace in the imminent years.

• Technological change from traditional welding and the absence of skilled labors

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Key Highlights:

• The global Laser Welding Machine Market size was valued at USD 1,278.30 million in 2021 growing at a CAGR of 4.10% from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032

Key Players                                                                                                                 

The Laser Welding Machine Market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.

The key players profiled in the report are:

• Emerson Electric Company (U.S.)
• IPG Photonics (U.S.)
• O.R. Lasertechnologie (Germany)
• TRUMPF Group(Germany)
• Amada Miyachi Co. Ltd (U.S.)
• FANUC Robotics (Japan)
• Golden Laser (China)
• GSI Group Inc. (U.S.)
• JENOPTIK AG. (Germany)

The Global Laser Welding Machine Market report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Laser Welding Machine Market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.

COVID Impact

In terms of COVID-19 impact, the Laser Welding Machine Market report also includes the following data points:

• COVID-19 Impact on Laser Welding Machine Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Player’s Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the IFF System Market

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Scope of the Report:

Market Segment by Technology:

• Fiber Laser Welding Machine
• Co₂ Laser Welding Machine
• Solid-State Laser Welding Machine

Market Segment by Application:

• Medical
• Electronics
• Jewelry industry
• Automotive
• Tool
• Mold-making
• Others

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Key Region/ Countries Covered

• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Asia-Pacific is anticipated to grow faster than other regions during the estimated period. This region has a major number of manufacturing facilities where the acceptance of laser welders with a focus on refining productivity is essential. China is anticipated to become the most important country in the region owing to its huge manufacturing sector. Moreover, the automotive industry is one of China’s pillar manufacturing and continues to be the world’s major automotive market.

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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