Laser Welding Machines Market Summary
Laser welding is a joining process for metals. Like all welding and joining processes, laser welding exerts heat at specific points. In laser welding, two components are joined together. For this purpose, both sides of the abutting material are melted.
According to the new market research report "Global Laser Welding Machines Market Report 2023-2029", published by QYResearch, the global Laser Welding Machines market size is projected to grow from USD 1,942.60 million in 2023 to USD 2,904.21 million by 2029, at a CAGR of 6.93% during the forecast period.
- Global Laser Welding Machines MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Laser Welding Machines Market Report 2023-2029.
Market Drivers:
1.Efficient production requirements: Laser welding machines have efficient and precise welding capabilities and can complete complex welding tasks in a short time. Facing the growing demand for efficient production, laser welding machines have become important equipment in the manufacturing industry.
2.Material Diversification and Complexity: The materials used in modern manufacturing are increasingly diverse and complex, and traditional welding methods may be difficult to meet the connection needs of these materials. Laser welding machines have high energy density and precise control capabilities, and are suitable for welding various metal and non-metal materials, so they are favored by the manufacturing industry.
3.Energy saving and environmental protection requirements: Laser welding is a pollution-free, waste gas-free and noise-free welding process. Compared with traditional welding methods, it has lower energy consumption and environmental pollution. With the improvement of energy conservation and environmental protection requirements, laser welding machines have received more attention.
4.Technological innovation and cost reduction: With the continuous innovation of laser technology and the gradual reduction of cost, the market application scope of laser welding machines continues to expand. Continuous improvements in new laser sources, optical systems and control systems enable laser welding machines to have higher performance and lower costs.
Restraint:
1.High cost and investment threshold: Laser welding machines are usually more expensive, and investing in this equipment requires additional training and technical support, which increases the threshold for companies to adopt laser welding technology. For some small and medium-sized enterprises or emerging industries, it may be difficult to afford such high costs.
2.Technical complexity and professional requirements: Compared with traditional welding methods, laser welding technology has higher technical complexity and requires operators to have professional technical knowledge and operating experience. This increases the difficulty and cost for companies to train and recruit professional talents.
3.Market competition and alternative technologies: The laser welding machine market is highly competitive, not only from other laser welding equipment manufacturers, but also from other welding methods such as arc welding, plasma welding, etc.
- Global Laser Welding Machines Top6Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Laser Welding Machines Market Report 2023-2029.
This report profiles key players of Laser Welding Machines such as Trumpf, Han’s Laser, Coherent, Emerson Electric Company, United Winners Laser, AMADA GROUP, etc.
In 2023, the global top five Laser Welding Machines players account for 33.75% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Laser Welding Machines.
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