Home > Industrial Machinery > Industrial Equipment > Tools > Laser Welding Machine Market

Laser Welding Machine Market Trends

Report ID: GMI6065
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Laser Welding Machine Market Trends

Industries have been transforming towards automation to reduce the operational time and get high quality results. Many industries are adopting with latest technologies and are constantly upgrading themselves. Whereas Laser welding machines are being integrated with automated systems. This is trending in high production sectors such as automotive and aerospace. Automated systems equipped with laser gives excellent control and ensures in delivering consistent welding quality. Due to these factors the market for laser welding machines is growing. Industries can increase their production rates and improve the overall efficiency of industry with the installation of laser welding machines.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of laser welding machine was reached USD 2.49 billion in 2023 and is expected to register 5.5% CAGR from 2024 to 2032, owing to their high accuracy and welding capabilities which are ideal in various industry applications worldwide.

Laser welding machine industry from the fiber laser technology segment is expected to reach USD 1.67 billion by 2032, due to its high-performance ability and advantages over co2 lasers and diode lasers.

VAsia Pacific laser welding machine industry is expected to reach USD 1.8 billion by 2032, due to the countries such as China, Japan, south Korea and India, experiencing rapid industrialization in the region.

IPG Photonics Corporation, Jenoptik AG, KEYENCE CORPORATION, Laser Technologies, Laser line GmbH, Laser Star Technologies Corporation, Penta Laser (Zhejiang) Co., Ltd, Precitec GmbH & Co. KG, and TRUMPF, are some of the major laser welding machine companies worldwide.