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
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.
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:
- Technology
- Fiber Laser
- Solid-state Laser
- CO2 Laser
- Others
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.
- Geographic
- APAC
- Europe
- North America
- South America
- MEA
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 Size
- Laser Welding Machine Market Trends
- Laser Welding Machine Market Industry Analysis
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
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist laser welding machine market growth during the next five years
- Estimation of the laser welding machine market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the laser welding machine market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of laser welding machine market vendors
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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
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Industrial machinery
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Technology
- 5.1 Market segments
- Exhibit 15: Technology - Market share 2020-2025 (%)
- 5.2 Comparison by Technology
- Exhibit 16: Comparison by Technology
- 5.3 Fiber laser - Market size and forecast 2020-2025
- Exhibit 17: Fiber laser - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Fiber laser - Year-over-year growth 2020-2025 (%)
- 5.4 Solid-state laser - Market size and forecast 2020-2025
- Exhibit 19: Solid-state laser - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Solid-state laser - Year-over-year growth 2020-2025 (%)
- 5.5 CO2 laser - Market size and forecast 2020-2025
- Exhibit 21: CO2 laser - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: CO2 laser - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Technology
- Exhibit 25: Market opportunity by Technology
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- Exhibit 42: Vendor landscape
- 9.2 Landscape disruption
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 AMADA Co. Ltd.
- Exhibit 47: AMADA Co. Ltd. - Overview
- Exhibit 48: AMADA Co. Ltd. - Business segments
- Exhibit 49: AMADA Co. Ltd. - Key offerings
- Exhibit 50: AMADA Co. Ltd. - Segment focus
- 10.4 Coherent Inc.
- Exhibit 51: Coherent Inc. - Overview
- Exhibit 52: Coherent Inc. - Business segments
- Exhibit 53: Coherent Inc.- Key news
- Exhibit 54: Coherent Inc. - Key offerings
- Exhibit 55: Coherent Inc. - Segment focus
- 10.5 Emerson Electric Co.
- Exhibit 56: Emerson Electric Co. - Overview
- Exhibit 57: Emerson Electric Co. - Business segments
- Exhibit 58: Emerson Electric Co.- Key news
- Exhibit 59: Emerson Electric Co. - Key offerings
- Exhibit 60: Emerson Electric Co. - Segment focus
- 10.6 FANUC Corp.
- Exhibit 61: FANUC Corp. - Overview
- Exhibit 62: FANUC Corp. - Business segments
- Exhibit 63: FANUC Corp. - Key offerings
- Exhibit 64: FANUC Corp. - Segment focus
- 10.7 IPG Photonics Corp.
- Exhibit 65: IPG Photonics Corp. - Overview
- Exhibit 66: IPG Photonics Corp. - Business segments
- Exhibit 67: IPG Photonics Corp. - Key offerings
- Exhibit 68: IPG Photonics Corp. - Segment focus
- 10.8 Jenoptik AG
- Exhibit 69: Jenoptik AG - Overview
- Exhibit 70: Jenoptik AG - Business segments
- Exhibit 71: Jenoptik AG-Key news
- Exhibit 72: Jenoptik AG - Key offerings
- Exhibit 73: Jenoptik AG - Segment focus
- 10.9 Laserline GmbH
- Exhibit 74: Laserline GmbH - Overview
- Exhibit 75: Laserline GmbH - Product and service
- Exhibit 76: Laserline GmbH - Key offerings
- 10.10 Laserstar Technologies Corp.
- Exhibit 77: Laserstar Technologies Corp. - Overview
- Exhibit 78: Laserstar Technologies Corp. - Product and service
- Exhibit 79: Laserstar Technologies Corp. - Key offerings
- 10.11 Perfect Laser Co. Ltd.
- Exhibit 80: Perfect Laser Co. Ltd. - Overview
- Exhibit 81: Perfect Laser Co. Ltd. - Product and service
- Exhibit 82: Perfect Laser Co. Ltd. - Key offerings
- 10.12 TRUMPF GmbH + Co. KG
- Exhibit 83: TRUMPF GmbH + Co. KG - Overview
- Exhibit 84: TRUMPF GmbH + Co. KG - Business segments
- Exhibit 85: TRUMPF GmbH + Co. KG - Key offerings
- Exhibit 86: TRUMPF GmbH + Co. KG - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 87: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 88: Research Methodology
- Exhibit 89: Validation techniques employed for market sizing
- Exhibit 90: Information sources
- 11.4 List of abbreviations
- Exhibit 91: List of abbreviations
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.
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SOURCE Technavio
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