The future of the global laser welding market looks promising with opportunities in the automotive, electronic, medical, jewellery, and tool & mold-making industries. The global laser welding market is expected to reach an estimated $3.6 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are increasing demand for fabricated metal products, advancement in the manufacturing process, and growing trend of automation in the welding process.
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Answer: The global laser welding market is expected to reach an estimated $3.6 billion by 2028.
Q2. What is the growth forecast for laser welding market?
Answer: The global laser welding market is expected to grow with a CAGR of 5.8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the laser welding market?
Answer: The major drivers for this market are increasing demand for fabricated metal products, advancement in the manufacturing process, and growing trend of automation in the welding process.
Q4. What are the major segments for laser welding market?
Answer: The future of the laser welding market looks promising with opportunities in the automotive, electronic, medical, jewellery, and tool & mold-making industries.
Q5. Who are the key laser welding companies?
Answer: Some of the key laser welding companies are as follows:
Answer: The analyst forecasts that fiber is expected to witness the highest growth over the forecast period as it can operate in an affordable way without the use of optical mirrors or other components, like disc lasers, and ensures high-speed welding.
Q7. In laser welding market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to rapid industrialization, the existence of huge manufacturing hubs, and the existence of a major automobile industry in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Laser Welding Market by Segment
The study includes trends and forecast for the global laser welding market by technology, end use industry, and region, as follows:Laser Welding Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
- Fiber
- Co2
- Solid-State
- Others
Laser Welding Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Automotive
- Electronics
- Medical
- Jewellery Industry
- Tool and Mold-Making
- Others
Laser Welding Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Laser Welding Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, laser welding companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laser welding companies profiled in this report include-- Huagong Laser Engineering
- Jenoptik
- Wuhan Golden Laser
- The Emerson Electric
- TRUMPF Group
Laser Welding Market Insights
- The analyst forecasts that fiber is expected to witness the highest growth over the forecast period as it can operate in an affordable way without the use of optical mirrors or other components, like disc lasers, and ensures high-speed welding.
- Automotive is expected to remain the largest end use industry segment due to the increasing need for accurate laser welding of vehicle parts, such as weld engine parts, transmission parts, fuel filters, solenoid, and others.
- APAC is expected to witness the highest growth over the forecast period due to rapid industrialization, the existence of huge manufacturing hubs, and the existence of a major automobile industry in the region.
Features of the Laser Welding Market
- Market Size Estimates: Laser welding market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Laser welding market size by various segments, such as by technology, end use industry, and region
- Regional Analysis: Laser welding market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different technology, end use industries, and regions for the laser welding market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the laser welding market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the laser welding market size?Answer: The global laser welding market is expected to reach an estimated $3.6 billion by 2028.
Q2. What is the growth forecast for laser welding market?
Answer: The global laser welding market is expected to grow with a CAGR of 5.8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the laser welding market?
Answer: The major drivers for this market are increasing demand for fabricated metal products, advancement in the manufacturing process, and growing trend of automation in the welding process.
Q4. What are the major segments for laser welding market?
Answer: The future of the laser welding market looks promising with opportunities in the automotive, electronic, medical, jewellery, and tool & mold-making industries.
Q5. Who are the key laser welding companies?
Answer: Some of the key laser welding companies are as follows:
- Huagong Laser Engineering
- Jenoptik
- Wuhan Golden Laser
- The Emerson Electric
- TRUMPF Group
Answer: The analyst forecasts that fiber is expected to witness the highest growth over the forecast period as it can operate in an affordable way without the use of optical mirrors or other components, like disc lasers, and ensures high-speed welding.
Q7. In laser welding market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to rapid industrialization, the existence of huge manufacturing hubs, and the existence of a major automobile industry in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the global laser welding market by technology (fiber, CO2, solid-state, and others), end use industry (automotive, electronics, medical, jewellery industry, tool and mold-making, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Laser Welding Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Huagong Laser Engineering
- Jenoptik
- Wuhan Golden Laser
- The Emerson Electric
- TRUMPF Group
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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