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The laser welding machine market size is estimated to grow by USD 458.39 million at a CAGR of 5.24% between 2022 and 2027. The growing adoption of welding robots, driven by the need for automation and increased productivity in manufacturing processes, is driving market growth by increasing the use of robotic welding systems in various industries. The growing demand for laser welding from wind farms, driven by the need for high-quality and efficient welding solutions for wind turbine components, is also boosting market expansion by creating a demand for laser welding technologies in the renewable energy sector. Additionally, the growing benefits over conventional welding, such as higher precision, speed, and quality, are driving market growth by increasing the adoption of technologies in industries where high-quality welds are critical.
Market Forecast 2023-2027
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This report extensively covers market segmentation by end-user (automotive, healthcare, aerospace and defense, electronics, and others), technology (fiber laser, solid-state laser, CO2 laser, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
The market share growth of the automotive segment will be significant during the forecast period. The automotive sector widely employs these technologies due to their precision and efficiency. It permits car manufacturers to join metal components with minimal distortion, resulting in strong and durable welds. This technique is particularly valuable for lightweight materials such as aluminum, increasingly used in modern cars to enhance fuel efficiency.
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The automotive segment was the largest and was valued at USD 366.81 million in 2017. Their adaptability in producing automotive components is notable, capable of accommodating various connection configurations and welding incompatible materials. By eliminating the need for filler materials, they reduce the risk of defects, making it a safer choice for automotive applications. The technology offers long-term cost savings through increased production speed, minimized material waste, and reduced maintenance, despite potential initial investment costs. Such factors will increase the segment growth during the forecast period.
Based on technology, the market has been segmented into fiber laser, solid-state laser, co2 laser, and others. Fiber laser welding, in general, is used to join various materials by creating a strong and permanent weld between the materials. The distinct advantage of this technology compared to other types is its minimal heat generation at the weld point. This unique characteristic enables industrial users to weld intricate and complex components without causing damage to heat-sensitive materials. They have introduced a new level of versatility across industries, facilitating tasks previously considered challenging, including working with metals that were once difficult to handle. Furthermore, ongoing technological advancements in fibre-related aspects, the environmentally friendly nature of this technology, and its expanding applications across various industries are anticipated to propel the growth of the market within the segment during the forecast period.
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APAC is estimated to contribute 52% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. APAC is emerging as a prominent center for automobile production and sales, drawing the attention of numerous global automakers aiming to relocate their manufacturing bases to the region or secure raw materials from there. This trend is a significant driver of market expansion. The establishment of new manufacturing facilities across Asia is set to boost the demand within the APAC automotive sector.
Moreover, there has been a notable rise in the demand for both passenger and commercial vehicles across APAC, supported by favorable governmental policies in the automotive industry that are expected to spur investments. The flourishing passenger aerospace sector and increased investments in maintenance, repair, and overhaul (MRO) facilities in Southeast Asia will further contribute to the growth of the market in APAC.
The market is witnessing significant growth due to its advantages over traditional methods. These machines offer higher energy efficiency, produce less waste, and are more environmentally friendly, contributing to sustainability and energy conservation efforts. Industries are increasingly adopting to reduce their carbon footprint and comply with regulations. They also offer long-term cost-effectiveness by improving productivity, reducing material wastage, and minimizing rework through better quality control. These machines utilize a high-intensity laser beam to join or fuse materials, making them ideal for manufacturing and fabrication processes requiring high precision and intricate welds. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The welding sector has progressed to a stage where robotic systems are increasingly utilized for welding and bonding tasks, leveraging their unparalleled speed, accuracy, and effectiveness. Generally, these robots comprise a servo-controlled, multi-axis mechanical arm equipped with a laser cutting head. These robots enhance consistency and deliver welds of high quality. The demand for laser welding robots is poised for remarkable expansion in the foreseeable period due to their widening applications in industries such as automotive, jewelry, electrical, and electronics. These robots excel in manufacturing and fabrication processes, enabling high-precision and intricate welds, even in cases of incompatibility with highly reflective materials.
Moreover, these machines find use in precise procedures within the automotive sector, including welding solenoids in in-car entertainment products, gear components, and the laser cutting of metal parts. Hence, the intensified requirement for these machines will propel the growth of the market within the segment during the forecast period.
Over recent years, the adoption of plastics in the healthcare sector has streamlined operations and facilitated the introduction of novel techniques and prosthetics. Consequently, the medical device industry and its component manufacturers are compelled to enhance plastic joining and other technologies to innovate and create fresh healthcare products. Examples of such advancements include the emergence of servo-driven ultrasonic welders and the recent introduction of two-micron lasers. Notably, this technology not only delivers heightened effectiveness and precision but also offers environmental benefits by eliminating the need for hazardous adhesives and solvents.
However, the integration of two-micron lasers in plastic welding has notably favored medical device manufacturers by simplifying the process of laser welding clear polymers. This type is recognized for its amplified absorption by clear polymers, enabling a meticulously controlled melting process across the thickness of optically transparent components.
Labor constitutes the most significant cost element in welding procedures. The scarcity of adept labor is swiftly emerging as a notable obstacle for the worldwide market. This challenge is extending to countries like the US, India, and China, which serve as hubs for economic labor. The American Welding Society (AWS) has forecasted a shortage of 290,000 skilled welders in the US fabrication industry by 2020. This deficit of skilled workers is not confined to the US alone; Australia and the UK are grappling with an aging population of welders, with an average age surpassing 55.
However, this situation has prompted escalating labor expenses in Germany, consequently escalating overall costs and diminishing the competitiveness of German firms on a global manufacturing scale. The scarcity of a proficient workforce stands as a prominent challenge that could impede the expansion of the worldwide market throughout the projected period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AMADA Co. Ltd. - The company offers laser welding machines such as WL 100A laser welding workstations, delta series laser welding systems, and laser conveyor systems.
Coherent Inc. - The company offers laser welding machines such as ExactWeld, Manual Welding Systems, and PowerLine FL.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AMADA Co. Ltd., Bystronic Laser AG, Coherent Inc., Emerson Electric Co., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laserline GmbH, Laserstar Technologies Corp., OREE LASER, Perfect Laser Co. Ltd., Sahajanand Laser Technology Ltd., SCANLAB GmbH, Suzhou Prato Laser Technology Co. Ltd., Suzhou Tianhong Laser Co. Ltd., TRUMPF SE Co. KG, and Wuhan golden laser co. ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing growth driven by the demand for environmentally friendly and efficient welding processes. These machines use CO2 lasers and diode lasers for controlled heat input, ensuring precision and minimizing waste. They are versatile and capable of welding copper, aluminum, carbon steel, stainless steel, and even ceramics. Robotic arms equipped with advanced control systems enable repeatability and accuracy, making them ideal for complex geometries and confined spaces. Remote laser welding, facilitated by fiber optic cables, allows operators to work in hazardous environments safely. Automated loading systems further enhance productivity by efficiently handling workpieces.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2023-2027 |
USD 458.39 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.91 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMADA Co. Ltd., Bystronic Laser AG, Coherent Inc., Emerson Electric Co., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laserline GmbH, Laserstar Technologies Corp., OREE LASER, Perfect Laser Co. Ltd., Sahajanand Laser Technology Ltd., SCANLAB GmbH, Suzhou Prato Laser Technology Co. Ltd., Suzhou Tianhong Laser Co. Ltd., TRUMPF SE Co. KG, and Wuhan golden laser co. ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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