The laser welding equipment market is likely to grow by US$ 373 Mn by 2025, exhibiting a CAGR of 4.8% during the forecast period 2022-2032. Sales of laser welding equipment are expected to rise as advancements in laser technology have resulted in its wide usage and laser beams a commonplace.
The factors contributing to the rising sales of laser welding equipment in APAC are growing awareness for the laser welding technology and the rising automotive and transportation sectors.
The growing market has been experiencing a phase of emerging acceptance by many new customers that are new to the laser. The global laser welding equipment market is being expanded on the basis of three pronged areas including the already existing users that are increasing their use of laser welding equipment for explicit applications; the development of new technologies for new applications; and the development of new applications for existing technologies.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-850
The product is highly demanded by the essential growth sectors such as photovoltaic, entertainment electronics, medical device technology etc. The continued growth in the photovoltaic demand and succeeding its production is greatly responsible for the growth of global laser welding equipment market. The equipment provides with high precision, flexibility and productivity which allows mass production of innovative products.
Recently heavy industries such as wind industry has been increasing their usage of laser welding equipment so as ensure a lower cost of offshore wind energy. The wind turbine towers and substructures are becoming the prime focus points for the laser welding equipment manufacturers.
The laser welding equipment market is growing rapidly and is being driven by various factors such as increasing demand for precision welding in automotive and aerospace industries, rising adoption of automation in manufacturing processes, and the development of new and innovative laser welding technologies. Here are some key takeaways from the laser welding equipment market:
- The global laser welding equipment market is expected to grow significantly in the coming years, driven by the increasing demand for precision welding in industries such as automotive, aerospace, and medical.
- Laser welding offers numerous advantages over traditional welding methods, such as higher precision, speed, and control over the welding process, making it ideal for applications that require high-quality welds.
- The rising adoption of automation in manufacturing processes is also driving the growth of the laser welding equipment market, as laser welding is an ideal choice for automated welding applications.
- The Asia Pacific region is the largest market for laser welding equipment, driven by the presence of major manufacturers in the region and increasing industrialization.
- Key players in the laser welding equipment market include TRUMPF GmbH + Co. KG, Amada Miyachi America Inc., Coherent Inc., IPG Photonics Corporation, and Jenoptik AG.
- The market for laser welding equipment is also being driven by technological advancements, such as the development of new and innovative laser welding technologies, including fiber lasers, diode lasers, and ultrafast lasers.
Laser Welding Equipment Market : Drivers & Restraints
The global laser welding equipment market is expected to grow due increasing demand from automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with a high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.
The emergence of the new procedures and applications globally coupled with new technological development are further driving the growth of global laser welding equipment market.
Conversely the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that hefty initial price tag (that saves money overtime) and high labour cost can pose a challenge for the growing market of laser welding equipment market.
Laser Welding Equipment Market: Region-wise Outlook
The laser welding equipment market is expected to register a favourable growth for the forecast period, 2015?2025. The Asia Pacific is projected to endure control on the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness for the laser welding technology and rising construction sector, automotive and transportation sector. Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.
Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-850
Laser Welding Equipment Market: Key Players
The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Laser Welding Equipment Market: Segmentation
By application, the global laser welding equipment market is segmented as follows:
- Spot welding and seam welding
- Deposition welding
- Scanner welding
- Hybrid welding
- Deep penetration welding
- Heat conduction welding
- Soldering
- Laser welding of plastics
- Tube and Profile welding
By end use, the global laser welding equipment market is segmented as follows:
- Machine Tool Industry
- Medical Device Technology
- Plastic Processing
- Solar Industry (Photovoltaic)
- Electronics Industry
- Automotive Industry
- Semiconductor Industry
- Glass Industry
- Jewellery Industry
- Packaging Industry
- Plastic Processing
- Others
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
LinkedIn| Twitter| Blogs
