Laser Processing Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The global laser processing market has witnessed significant growth in recent years, driven by advancements in laser technology, increasing adoption of automation in manufacturing, and the rise of Industry 4.0. Laser processing offers advantages such as high precision, minimal material wastage, and improved production efficiency, making it a preferred choice for a wide range of applications.

The report on the global laser processing market provides qualitative and quantitative analysis for the period from 2021-2030. The global laser processing market was valued at USD 19.14 billion in 2022 and is expected to reach USD 38.67 in 2030, with a CAGR of 9.21% during the forecast period of 2023-2030. The study on laser processing market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on laser processing market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global laser processing market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global laser processing market over the period of 2021-2030. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

One of the key trends shaping the laser processing market is the growing demand for customized and on-demand manufacturing solutions. With the rise of e-commerce and personalized products, manufacturers are turning to laser processing to meet the evolving needs of customers. Additionally, the integration of artificial intelligence and machine learning in laser machines is enhancing their capabilities and expanding their applications.

Report Findings

1) Drivers

• The versatility and precision offered by laser processing drive the growth of the market.
• The growing usage of lasers in medical devices and surgery applications is expected to stimulate the growth of the market.

2) Restraints

• The high initial investment can hamper the growth of the market.

3) Opportunities

• The growing adoption of laser processing in surface treatment and engraving can provide lucrative opportunities for the growth of the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global laser processing market is segmented on the basis of type, vertical, and application.

The Global Laser Processing Market by Type

• Gas Laser
• Liquid Laser
• Solid-state Laser
• Other

The Global Laser Processing Market by Vertical

• Medical & Life Sciences
• Aerospace & Defense
• Machine Tools
• Automotive
• Microelectronics
• Architecture
• Others

The Global Laser Processing Market by Application

• Marking & Engraving
• Welding
• Advanced Processing
• Drilling
• Micro Processing
• Cutting
• Others

Company Profiles

The companies covered in the report include

• FOBA
• Coherent Corp.
• Lumentum Operations LLC
• TRUMPF
• eurolaser GmbH
• Han’s Laser Corporation
• Newport Corporation
• JENOPTIK AG
• Epilog Laser
• IPG Photonics Corporation

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the laser processing market.
2. Complete coverage of all the segments in the laser processing market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global laser processing market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.