Laser Welding Machine Market Growth Outlook Through 2024-2033

Overview and Scope
A laser welding machine refers to a type of welding equipment that uses a laser beam to join two or more pieces of metal or thermoplastics. It works by directing a high-powered laser beam at the welding site, which heats and melts the material, allowing it to fuse together.

Sizing and Forecast
The laser welding machine market size has grown steadily in recent years. It will grow from $1.32 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to high heat resistance, automotive applications, telecommunications infrastructure, industrial growth, chemical resistance, manufacturing advancements..

The laser welding machine market size is expected to see steady growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to electric vehicle growth, sustainable material focus, rising consumer goods demand, flexible electronics, aerospace sector opportunities, global industrialization. Major trends in the forecast period include biotechnology advances, innovations in manufacturing processes, technological advancements, collaborations and mergers, smart packaging.

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Segmentation & Regional Insights
The laser welding machine market covered in this report is segmented –

1) By Type: Handheld Laser Welding Machine, Automated Laser Welding Machine
2) By Technology: Fiber Laser Welding Machine, Co2 Laser Welding Machine, Solid-State Laser Welding Machine
3) By End User: Automotive, Electronics, Medical, Jewelry Industry, Tool and Mold-Making, Other End Users

Europe was the largest region in the laser welding machine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global laser welding machine market during the forecast period. The regions covered in the laser welding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing demand for fabricated metal products is expected to propel the growth of the laser welding machine market going forward. Fabricated metal products refer to a wide range of metal structures, parts, and components that are created by various processes of fabrication, such as cutting, bending, welding, and assembling. Laser welding machines are widely used in the fabrication of metal products for various processes such as the joining of thin metal sheets with minimal heat input and the joining of dissimilar metals. For instance, in April 2023, according to Eurostat, a Luxembourg-based European statistical office, the manufacturing of fabricated metal products and basic metals accounted for 23% of the value of sold production in Italy in 2021. Bulgaria accounted for 22% of the share, followed by Greece at 21%, and Austria, Finland, and Slovenia each captured 20% of the value of sold production for fabricated metal products and basic metals in 2021. Therefore, the growing demand for fabricated metal products is driving the growth of the laser welding machine.

Key Industry Players

Major companies operating in the laser welding machine market report are TRUMPF Group, The Emerson Electric Co., Wuhan Golden Laser Co., Jenoptik AG, LaserStar Technologies Corporation, IPG Photonics Corporation, Amada Miyachi Co. Ltd., O.R. Lasertechnologie GmbH, Golden Laser Co. Ltd., Coherent Inc., Perfect Laser Co. Ltd., Laserline GmbH, Huagong Laser Engineering Co. Ltd., Sahajanand Laser Technology Limited, SIGMA Laser GmbH, Sisma S.p.A., Emerson Electric Co., Shenzhen HeroLaser Equipment Co.Ltd., EMAG GmbH & Co. KG, FANUC Robotics Company, LASAG Corporation, Han’s Laser Technology Co. Ltd., Baison Laser, SPI Lasers UK Ltd., Alpha Laser U.S., Wuhan Sintec Optronics Co.Ltd., Rofin-Sinar Technologies Inc., Wuhan Huagong Laser Engineering Co.Ltd., Nüernberg Industrial Laser GmbH

The laser welding machine market report table of contents includes:

1. Executive Summary
2. Laser Welding Machine Market Characteristics
3. Laser Welding Machine Market Trends And Strategies
4. Laser Welding Machine Market – Macro Economic Scenario
5. Global Laser Welding Machine Market Size and Growth
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31. Global Laser Welding Machine Market Competitive Benchmarking
32. Global Laser Welding Machine Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Laser Welding Machine Market
34. Laser Welding Machine Market Future Outlook and Potential Analysis
35. Appendix

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