What is Global Laser Welding Machines Market?
The Global Laser Welding Machines Market is a vast and dynamic sector that encompasses a wide range of machines used for laser welding. These machines are designed to use laser beams to join materials together, typically metals or thermoplastics. The process involves focusing a laser beam on the material to be welded, which then melts and forms a joint as it cools and solidifies. The global market for these machines is continually expanding, driven by advancements in technology and increasing demand from various industries. In 2023, the market was valued at a substantial US$ 1895.7 million, and it's projected to reach an impressive US$ 4576.1 million by 2030. This growth is expected to occur at a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2024 to 2030.
Fiber Laser Welding Machine, Solid-State Laser Welding Machine, CO2 Laser Welding Machine in the Global Laser Welding Machines Market:
The Global Laser Welding Machines Market is segmented into various types based on the kind of laser used. These include Fiber Laser Welding Machines, Solid-State Laser Welding Machines, and CO2 Laser Welding Machines. Fiber Laser Welding Machines are the most popular, accounting for over 45% of the market share. These machines use an optical fiber doped with rare-earth elements such as erbium and ytterbium as the active medium. They are known for their high efficiency and excellent beam quality. Solid-State Laser Welding Machines, on the other hand, use a solid gain medium, typically a glass or crystalline host material doped with ions that provide the required energy states. Lastly, CO2 Laser Welding Machines use a gas mixture with carbon dioxide as the lasing medium. They are widely used for their high power and continuous wave operation.
Automobile, Medical, Electronics, Tool and Mold-making, Others in the Global Laser Welding Machines Market:
The Global Laser Welding Machines Market finds extensive application in various sectors such as Automobile, Medical, Electronics, Tool and Mold-making, among others. In the Automobile industry, laser welding machines are used to manufacture various components and assemblies, offering high precision and quality. In the Medical sector, these machines are used for the production of medical devices and equipment, ensuring high accuracy and hygiene. The Electronics industry also heavily relies on laser welding machines for the assembly of electronic components and devices. In the Tool and Mold-making industry, these machines are used for repairing and modifying tools and molds. Other sectors also utilize laser welding machines for various applications, contributing to the overall growth of the market.
Global Laser Welding Machines Market Outlook:
Looking at the market outlook for the Global Laser Welding Machines Market, it's clear that the sector is on a growth trajectory. In 2023, the market was valued at US$ 1895.7 million, and it's expected to reach US$ 4576.1 million by 2030. This represents a CAGR of 12.8% during the forecast period from 2024 to 2030. The market is dominated by the top 5 companies, which collectively hold a 35% share. Geographically, Europe is the largest market, accounting for 37% of the total share. This is followed by China and North America, with market shares of 24% and 22% respectively. In terms of product type, fiber laser welding machines are the most popular, commanding a market share of over 45%.
| Report Metric | Details |
| Report Name | Laser Welding Machines Market |
| Accounted market size in 2023 | US$ 1895.7 million |
| Forecasted market size in 2030 | US$ 4576.1 million |
| CAGR | 12.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Trumpf, Coherent, Han’s Laser, IPG Photonics, Emerson Electric Company, AMADA GROUP, Hero Laser, United Winners Laser, LaserStar Technologies, HGTECH, Chutian Laser |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
