Laser Welding Equipment Market to Register a CAGR of 4.8% by 2032: Assessment of Key Drivers, Restraints and Future Outlook

The global laser welding equipment market is estimated to grow by US$ 373 million by 2025, with a 4.8% CAGR between 2022 and 2032. Laser beams are becoming more commonly employed and "commonplace" as laser technology progresses. Laser welding can be used to join various materials.

Materials with a high melting point and heat conductivity are appropriate for laser welding equipment. The method is useful for quick welding with low thermal distortion while joining pieces. Laser welding is often employed in one-of-a-kind applications when no other technique of welding will satisfy.

The product is being pursued by key growth industries such as photovoltaics, entertainment electronics, and medical device technologies. The ongoing rise of photovoltaic demand and consequent production is significantly responsible for the growth of the worldwide laser welding equipment market. The machinery is exceedingly precise, versatile, and productive, making it possible to mass produce innovative things.

The extensive use of laser welding equipment in various end-user categories is projected to drive the worldwide laser welding equipment market. The expanding market has been undergoing a period of rising acceptance by many new laser clients. The global laser welding equipment market is growing in three ways: existing users increasing their use of laser welding equipment for explicit applications; development of new technologies for new applications; and development of new applications for existing technologies.

Heavy industries, such as the wind industry, have recently increased their use of laser welding technology to ensure cheaper offshore wind energy costs. Manufacturers of laser welding equipment are increasingly focusing on wind turbine towers and substructures.

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Laser Welding Equipment Market: Drivers & Restraints

The global laser welding equipment market is expected to grow due to increasing demand from the automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.

The emergence of the new procedures and applications globally coupled with new technological development is further driving the growth of the global laser welding equipment market.

Conversely, the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that a hefty initial price tag (that saves money over time) and high labour costs can pose a challenge for the growing market of laser welding equipment market.

Laser Welding Equipment Market: Region-wise Outlook

The laser welding equipment market is expected to register favourable growth for the forecast period, 2015? 2025. The Asia Pacific is projected to endure control of the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness of laser welding technology and rising construction sector, automotive and transportation sector. Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.

Laser Welding Equipment Market: Key Players

The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Table of Content

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Laser Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Laser Type, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By Laser Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By Laser Type, 2022-2032

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