Laser Welding Machine Market to record USD 393.97 Mn growth -- Technavio expects the growth to be driven by benefits of laser welding over conventional welding

Jul 13, 2022, 21:35 ET

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NEW YORK, July 13, 2022 /PRNewswire/ -- The global laser welding market report by Technavio provides an in-depth analysis of the competitive landscape and the successful strategies adopted and key products offered by leading vendors. The market structure is moderately fragmented and comprises few international and several regional players. However, the market is significantly dominated by large international players. Being a capital-intensive market, small players find it difficult to compete with large international players in terms of quality, features, and services. Hence, small players mainly compete in terms of price. The market, being in the maturity stage, is witnessing several consolidation activities, particularly among prominent vendors that are engaging in M&A to either strengthen their presence in new geographic areas or strengthen their portfolio in a particular segment.

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According to Technavio, the laser welding market will observe an incremental growth of 373.97 million between 2020 and 2025. The market witnessed a YOY growth of 4.48% in 2021 and the growth momentum is expected to accelerate at a CAGR of 4.73% during the forecast period. The growth of the market can be attributed to factors such as the benefits of laser welding over conventional welding, growing demand from wind farms, and the growing adoption of welding robots will offer immense growth opportunities. However, the dearth of skilled labor, growing adoption of friction stir welding technology in the automotive sector, and the conformity to welding industry standards will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Segmentations in the Laser Welding Machine Market Study

The laser welding machine market is segmented as below:

The fiber laser welding segment accounted for the largest share in the market. Fiber laser welding machines offer benefits such as precision, the ability to create complicated joints, and consistent and high-strength welds. These benefits are increasing their applications in end-user industries such as automotive, aviation, semiconductor, and medical, which is driving the growth of the segment.

The market will observe significant growth in APAC during the forecast period. The emergence of APAC as a major manufacturing hub for automobiles and the expansion of production facilities by prominent automakers in the region are driving the growth of the laser welding market in APAC. In addition, factors such as growing urbanization increased spending on infrastructural development, and affordable housing projects are expected to foster the growth of the regional market during the forecast period.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our laser welding machine market report covers the following areas:

Laser Welding Machine Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the laser welding machine market. Backed with competitive intelligence and benchmarking, our research report on the laser welding machine market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Laser Welding Machine Market 2021-2025: Key Highlights

Related Reports:

Laser Welding Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.73%

Market growth 2021-2025

USD 373.97 million

Market structure

Fragmented

YoY growth (%)

4.48

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 52%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AMADA Co. Ltd., Coherent Inc., Emerson Electric Co., FANUC Corp., IPG Photonics Corp., Jenoptik AG, Laserline GmbH, Laserstar Technologies Corp., Perfect Laser Co. Ltd., and TRUMPF GmbH + Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Technology

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio