Laser Welding Machine Market Size, Sales Volume, Status Till 2030

 

Laser Welding Machine Market

The Global Laser Welding Equipment Market size was estimated at USD 6.48 billion in 2022, USD 7.00 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.03% to reach USD 12.95 billion by 2030.

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Laser Welding Machine Market Analysis and Size

Advances in manufacturing procedures, adoption of new technologies, and product innovations are increasing demand for laser welding, which predicts the growth of the laser welding machine market. Furthermore, the low cost and high productivity of laser welding are driving the market for laser welding machines.

The Laser Welding Machine Market is expected to increase as a result of improvements in production processes, the adoption of new technologies, and product innovations. The market for laser welding machines is also being driven by laser welding's low cost and great productivity.

The main types of laser welding machines are handheld laser welding machines and automated laser welding machines. A handheld laser welding machine refers to portable laser welding equipment that can be operated by hand, allowing for greater flexibility and ease of use. The various technologies include fiber laser welding machine, co2 laser welding machine, and solid-state laser welding machine. These are used by various end users such as automotive, electronics, medical, jewelry industry, tool and mold-making, and others.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Laser Welding Equipment Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Laser Welding Machines Market Trends

Increasing Demand from the Automotive Industry

The use of laser in automotive manufacturing has increased intensely over recent years. Although the lasers are initially developed mainly to cutting applications, a significant and growing proportion of lasers is being applied to welding.

The application of lasers in the manufacture of components covers engine parts, transmission parts, alternators, solenoids, fuel injectors, fuel filters, etc. Improved productivity and reduction of cycle time play an increasing role in current industrial manufacturing. Especially within the automotive industry, where the total length of laser welded seams can add up to more than 50 meters per car, it is important to minimize processing time by means of high welding speeds. Compared to conventional welding, laser welding allows for heat conduction welding and deep penetration welding, as well.

Market Segmentation & Coverage:

This research report categorizes the Global Laser Welding Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Welding Type, the market is studied across Butt Weld, Edge Flange Weld, Filler Lap Weld, and Overlap Weld. The Butt Weld commanded largest market share of 24.11% in 2022, followed by Edge Flange Weld.

Based on Level of Automation, the market is studied across Automatic, Manual, and Semi-Automatic. The Semi-Automatic commanded largest market share of 42.00% in 2022, followed by Automatic.

Based on Medium, the market is studied across Gas, Liquid, and Solid. The Gas commanded largest market share of 64.57% in 2022, followed by Solid.

Based on Type, the market is studied across Heat Conduction Welding and Keyhole Welding. The Heat Conduction Welding commanded largest market share of 61.88% in 2022, followed by Keyhole Welding.

Based on End User, the market is studied across Automotive Industry, Electronics Industry, Jewelry Industry, Machine Tool Industry, and Medical Device Industry. The Machine Tool Industry commanded largest market share of 32.14% in 2022, followed by Automotive Industry.

Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. Europe, Middle East & Africa commanded largest market share of 44.67% in 2022, followed by Americas.

 

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The laser welding machine market is segmented as below:

Laser Welding Machine Market, By Technology

Fiber laser

Solid-state laser

CO2 laser

Others

Laser Welding Machine Market, By Geographical Landscape

APAC

Europe

North America

South America

MEA

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