Laser Welding Machine Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 180 SKU: IRTNTR44587

Laser Welding Machine Market Forecast 2023-2027

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.

What will be the size of the Market During the Forecast Period?

Market Forecast 2023-2027

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Market Segmentation

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. 

By End-user 

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.

By Technology 

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. 

By Region

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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.

Market Dynamics 

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.   

Key Market Driver - Growing adoption of welding robots

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.

Major Market Trends - Technological advancements in plastic welding equipment

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.

Significant Market Challenge - Dearth of skilled labor

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.

Who are the Major Laser Welding Machine Market Companies?

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.  

Segment Overview

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. 

  • End-user Outlook 
    • Automotive
    • Healthcare
    • Aerospace and defense
    • Electronics
    • Others
  • Technology Outlook 
    • Fiber laser
    • Solid-state laser
    • CO2 laser
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

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

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global laser welding machine market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global laser welding machine market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.4 Healthcare - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 6.5 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 6.6 Electronics - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Electronics - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 56: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 58: Chart on Comparison by Technology
      • Exhibit 59: Data Table on Comparison by Technology
    • 7.3 Fiber laser - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Fiber laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Fiber laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Fiber laser - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Fiber laser - Year-over-year growth 2022-2027 (%)
    • 7.4 Solid-state laser - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Solid-state laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Solid-state laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Solid-state laser - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Solid-state laser - Year-over-year growth 2022-2027 (%)
    • 7.5 CO2 laser - Market size and forecast 2022-2027
      • Exhibit 68: Chart on CO2 laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on CO2 laser - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on CO2 laser - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on CO2 laser - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Technology
      • Exhibit 76: Market opportunity by Technology ($ million)
      • Exhibit 77: Data Table on Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 119: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 120: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 121: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ million)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 AMADA Co. Ltd.
              • Exhibit 131: AMADA Co. Ltd. - Overview
              • Exhibit 132: AMADA Co. Ltd. - Business segments
              • Exhibit 133: AMADA Co. Ltd. - Key offerings
              • Exhibit 134: AMADA Co. Ltd. - Segment focus
            • 12.4 Coherent Inc.
              • Exhibit 135: Coherent Inc. - Overview
              • Exhibit 136: Coherent Inc. - Business segments
              • Exhibit 137: Coherent Inc. - Key offerings
              • Exhibit 138: Coherent Inc. - Segment focus
            • 12.5 Emerson Electric Co.
              • Exhibit 139: Emerson Electric Co. - Overview
              • Exhibit 140: Emerson Electric Co. - Business segments
              • Exhibit 141: Emerson Electric Co. - Key news
              • Exhibit 142: Emerson Electric Co. - Key offerings
              • Exhibit 143: Emerson Electric Co. - Segment focus
            • 12.6 FANUC Corp.
              • Exhibit 144: FANUC Corp. - Overview
              • Exhibit 145: FANUC Corp. - Product / Service
              • Exhibit 146: FANUC Corp. - Key offerings
            • 12.7 Hans Laser Technology Industry Group Co. Ltd.
              • Exhibit 147: Hans Laser Technology Industry Group Co. Ltd. - Overview
              • Exhibit 148: Hans Laser Technology Industry Group Co. Ltd. - Product / Service
              • Exhibit 149: Hans Laser Technology Industry Group Co. Ltd. - Key news
              • Exhibit 150: Hans Laser Technology Industry Group Co. Ltd. - Key offerings
            • 12.8 HGLaser Engineering Co. Ltd.
              • Exhibit 151: HGLaser Engineering Co. Ltd. - Overview
              • Exhibit 152: HGLaser Engineering Co. Ltd. - Product / Service
              • Exhibit 153: HGLaser Engineering Co. Ltd. - Key offerings
            • 12.9 IPG Photonics Corp.
              • Exhibit 154: IPG Photonics Corp. - Overview
              • Exhibit 155: IPG Photonics Corp. - Product / Service
              • Exhibit 156: IPG Photonics Corp. - Key offerings
            • 12.10 Jenoptik AG
              • Exhibit 157: Jenoptik AG - Overview
              • Exhibit 158: Jenoptik AG - Business segments
              • Exhibit 159: Jenoptik AG - Key news
              • Exhibit 160: Jenoptik AG - Key offerings
              • Exhibit 161: Jenoptik AG - Segment focus
            • 12.11 Jinan Xintian Technology Co. Ltd
              • Exhibit 162: Jinan Xintian Technology Co. Ltd - Overview
              • Exhibit 163: Jinan Xintian Technology Co. Ltd - Product / Service
              • Exhibit 164: Jinan Xintian Technology Co. Ltd - Key offerings
            • 12.12 Laserline GmbH
              • Exhibit 165: Laserline GmbH - Overview
              • Exhibit 166: Laserline GmbH - Product / Service
              • Exhibit 167: Laserline GmbH - Key offerings
            • 12.13 Laserstar Technologies Corp.
              • Exhibit 168: Laserstar Technologies Corp. - Overview
              • Exhibit 169: Laserstar Technologies Corp. - Product / Service
              • Exhibit 170: Laserstar Technologies Corp. - Key offerings
            • 12.14 Perfect Laser Co. Ltd.
              • Exhibit 171: Perfect Laser Co. Ltd. - Overview
              • Exhibit 172: Perfect Laser Co. Ltd. - Product / Service
              • Exhibit 173: Perfect Laser Co. Ltd. - Key offerings
            • 12.15 SCANLAB GmbH
              • Exhibit 174: SCANLAB GmbH - Overview
              • Exhibit 175: SCANLAB GmbH - Product / Service
              • Exhibit 176: SCANLAB GmbH - Key offerings
            • 12.16 Suzhou Prato Laser Technology Co. Ltd.
              • Exhibit 177: Suzhou Prato Laser Technology Co. Ltd. - Overview
              • Exhibit 178: Suzhou Prato Laser Technology Co. Ltd. - Product / Service
              • Exhibit 179: Suzhou Prato Laser Technology Co. Ltd. - Key offerings
            • 12.17 TRUMPF SE Co. KG
              • Exhibit 180: TRUMPF SE Co. KG - Overview
              • Exhibit 181: TRUMPF SE Co. KG - Business segments
              • Exhibit 182: TRUMPF SE Co. KG - Key offerings
              • Exhibit 183: TRUMPF SE Co. KG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

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