Laser Welding Equipment Market by Welding Type, Level of Automation, Medium, Type, End User

Description

List of Tables

[186 Pages Report] The Laser Welding Equipment Market size was estimated at USD 7.00 billion in 2023 and expected to reach USD 7.59 billion in 2024, at a CAGR 9.17% to reach USD 12.95 billion by 2030.

Laser welding equipment is a set of technologies and devices used to join materials using a laser as the heat source. Laser welding equipment usually includes a laser source, a beam delivery system, a focusing mechanism to direct the laser precisely at the welding spot, and often sophisticated controls for manipulating the laser's output. Laser welding equipment can easily be integrated into automated production lines, enhancing consistency and reducing labor costs. The broad applicability of laser welding equipment across diverse end-user applications and the increase in the adoption of automation in manufacturing industries have driven up the advancements in laser welding equipment. Moreover, the rising demand for environmentally friendly welding solutions with supportive government initiatives positively encourages the deployment of laser welding equipment. However, the high initial capital investment and operating costs with limitations in welding thicker and highly reflective materials hamper product penetration worldwide. Nevertheless, developing new laser sources with higher power and efficiency and growing investment for Industry 4.0 are expanding the scope of the laser welding equipment market worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 7.00 billion
Estimated Year [2024]	USD 7.59 billion
Forecast Year [2030]	USD 12.95 billion
CAGR (%)	9.17%

Welding Type: Increasing usage of laser welding equipment to perform overlap weld operations

Butt welds are used to join two components along a common plane, creating a single flat surface after welding. This technique is advantageous for its simplicity and the high-quality, strong welds it can produce. Butt welds are ideal for scenarios requiring a clean, linear weld without excess material or when components are designed to fit flush against each other. Butt weld joints are generally considered vital. However, their success depends on the edge preparation and alignment of the materials to be joined. Edge flange welds join the edge of one piece to the face of another at an approximately right angle. Edge flange welds are chosen for fabrications that require a rigid right-angle join with a clean external appearance. Filler lap welding is when a filler material joins overlapping components. Filler lap welding is well suited for tasks where the direct fusion of base materials is impractical or when reinforcing the joint with a filler metal is advantageous. Filler lap welds provide a versatile solution for complex materials but require precise control over laser power and the filler material feed to avoid defects such as porosity or cracking. Overlap welds involve welding two components placed on top of one another. Overlap welds are best for situations requiring a strong joint with a smooth appearance where the edges of the components are not aligned. Overlap welds provide excellent strength and are less demanding in terms of edge preparation than butt welds.

End User: Significant adoption of laser welding equipment in automotive industrial applications

The automotive industry relies heavily on laser welding equipment to join various components with precision, strength, and efficiency. Due to the high volume of production and the need for durability and safety, automotive manufacturers prefer laser welding for its ability to perform high-speed welding and create high-quality welds critical for structural integrity. Laser welding equipment is essential in the electronics industry to produce micro-welds required in electronic components and printed circuit boards (PCBs). Selective laser welding enables joining dissimilar materials, which is common in constructing electronic devices. In the jewelry industry, the preference for laser welding comes from the need for delicate precision, aesthetic quality, and the ability to weld various precious metals. Jewelers use laser welding to repair fine details without the risk of damaging nearby components due to the concentrated heat source. The machine tool industry employs laser welding to fabricate and repair heavy machinery and tooling equipment. Heavy-duty welding capabilities that handle significant components and thick materials are needed. Laser welding provides the required robustness, deep penetration, and the ability to automate the welding process, resulting in increased efficiency and productivity. The medical device industry has stringent cleanliness, precision, and reliability requirements, making laser welding a preferred method for manufacturing medical devices and surgical instruments. The medical industry requires precise and biocompatible welds that can withstand sterilization processes.

Regional Insights

Asia-Pacific is witnessing substantial growth in the laser welding equipment market, driven by increasing industrialization and manufacturing activities. The region's consumer needs revolve around affordable and scalable solutions that do not compromise quality. Developments for laser welding equipment in Asia-Pacific are primarily focused on increasing the speed, efficiency, and quality of welds and expanding applications for new materials and complex shapes. The laser welding equipment market in the Americas is developing with a focus on innovation and quality. The aerospace, automotive, and healthcare sectors are primary consumers of laser welding technologies, driven by the need for complex high-strength welds. Europe represents a well-established automotive and aerospace industry with a growing demand for laser welding equipment. In the Middle East and Africa, the demand for laser welding equipment is growing, spurred by infrastructural development and industrial diversification efforts. European nations contribute significantly to global advancements in laser welding technology, focusing on increasing the adaptability and sustainability of welding processes. EU-funded research projects are exploring the use of laser welding in renewable energy applications, such as solar panels and wind turbines, creating potential opportunities for the laser welding equipment market in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Laser Welding Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Laser Welding Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Laser Welding Equipment Market, highlighting leading vendors and their innovative profiles. These include ALPHA LASER GmbH, Amada Weld Tech Inc., Chutian Zhongu Laser, Coherent Corp., Daihen Corporation, EMAG GmbH & Co. KG, Emerson Electric Co., ESAB Corporation, Fanuc Corporation, Han's Laser Technology Industry Group Co., Ltd., HGLaser Engineering Co., Ltd., IPG Photonics Corporation, Jenoptik AG, Lanxess AG, Laserax, LaserStar Technologies Corporation, Obara Group Inc., Panasonic Holdings Corporation, Perfect Laser Co., Ltd., PRC Laser Europe N.V., Shenzhen Hymson Laser Intelligent Equipments Co., Ltd, The Lincoln Electric Company, Tonggao Advanced Manufacturing Technology (Taicang) Co., Ltd., TRUMPF SE + Co. KG, and WUHAN GOLDEN LASER CO., LTD..

Market Segmentation & Coverage

This research report categorizes the Laser Welding Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Welding Type
- Butt Weld
- Edge Flange Weld
- Filler Lap Weld
- Overlap Weld

Level of Automation
- Automatic
- Manual
- Semi-Automatic

Medium
- Gas
- Liquid
- Solid

Type
- Heat Conduction Welding
- Keyhole Welding

End User
- Automotive Industry
- Electronics Industry
- Jewelry Industry
- Machine Tool Industry
- Medical Device Industry

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Laser Welding Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Laser Welding Equipment Market?

3. What are the technology trends and regulatory frameworks in the Laser Welding Equipment Market?

4. What is the market share of the leading vendors in the Laser Welding Equipment Market?

5. Which modes and strategic moves are suitable for entering the Laser Welding Equipment Market?

Product Code: MRR-43470FC60876

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Demand for Welding Robots in Production Sector
  - 5.1.1.2. Increasing Construction Activity and Growing Consumption of Steel
  - 5.1.1.3. Widespread Usage of Welding Consumables Across Various End-User Industries
- 5.1.2. Restraints
  - 5.1.2.1. High Cost of Laser Welding Equipment and Limited Availability Skilled Welders
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing Developments and Advancements in Laser Welding Technology
  - 5.1.3.2. Rising Investments in Laser Welding by Manufacturing Companies
- 5.1.4. Challenges
  - 5.1.4.1. Concern Regarding High Power Requirements
5.2. Market Segmentation Analysis
- 5.2.1. Welding Type: Increasing usage of laser welding equipment to perform overlap weld operations
- 5.2.2. End User: Significant adoption of laser welding equipment in automotive industrial applications
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Laser Welding Equipment Market, by Welding Type

6.1. Introduction
6.2. Butt Weld
6.3. Edge Flange Weld
6.4. Filler Lap Weld
6.5. Overlap Weld

7. Laser Welding Equipment Market, by Level of Automation

7.1. Introduction
7.2. Automatic
7.3. Manual
7.4. Semi-Automatic

8. Laser Welding Equipment Market, by Medium

8.1. Introduction
8.2. Gas
8.3. Liquid
8.4. Solid

9. Laser Welding Equipment Market, by Type

9.1. Introduction
9.2. Heat Conduction Welding
9.3. Keyhole Welding

10. Laser Welding Equipment Market, by End User

10.1. Introduction
10.2. Automotive Industry
10.3. Electronics Industry
10.4. Jewelry Industry
10.5. Machine Tool Industry
10.6. Medical Device Industry

11. Americas Laser Welding Equipment Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Laser Welding Equipment Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Laser Welding Equipment Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Miller Electric Mfg. LLC and IPG Photonics Announce Strategic Technology Collaboration to Deliver Laser Solutions to the Handheld Welding Market
- 14.3.2. Tadcaster-Based Tadweld Receives GBP 0.02 Million Support for Innovation and Growth
- 14.3.3. Coherent Introduces New Ph20 SmartWeld+ Laser Processing Heads for Precision Welding at High Speeds in EV Applications

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio