Laser welding machine Market to Grow Due to Increased Application In The COVID -19 Pandemic| SWOT Analysis, Challenges, Opportunities, Supply, Demand and Key Manufacturers Overview By Forecast 2023

Laser welding machine Market to Grow Due to Increased Application In The COVID -19 Pandemic| SWOT Analysis, Challenges, Opportunities, Supply, Demand and Key Manufacturers Overview By Forecast 2023

“”Laser welding machine market””
Covid-19 (CoronaVirus) Impact on Laser welding machine Industry: Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), By Application (Medical, Electronics, Jewelry industry, Automotive, Tool and mold-making and Others) And Region – Forecast To 2023

The laser welding technology offers a high degree of accuracy in welding even the smallest parts, without causing any damage. Therefore, offering ultimate precision in designs. The laser welding technology is gaining popularity across various due to their high efficacy in handling complicated joints. In addition, laser can also be deployed to weld dissimilar materials. The amount of heat used is low, and its contact-free local application curbs thermal strain on welding parts. These minimize distortion possibilities, which is beneficial for designing delicate items, such as jewelry. Laser welds possess high strength. These benefits of laser welding technology are surging the demand for laser welding machines across different industries. The high sales volume of laser welding machine is expected to propel the growth of its global market. Market Research Future (MRFR), a rapidly growing market research company conducted a study on the laser welding machine market and reveals that the market is expected to thrive at a 5% CAGR by 2023. MRFR also states that the market for laser welding machine is all set to experience a sharp rise in its valuation by the end of the forecast period. 

The key players of global Laser welding machine market report include- Emerson Electric Company (U.S.), IPG Photonics (U.S.), O.R. Lasertechnologie (Germany), TRUMPF Group(Germany), Amada Miyachi Co., Ltd, (U.S.), FANUC Robotics (Japan), Golden Laser (China), GSI Group, Inc. (U.S.), JENOPTIK AG. (Germany), LaserStar Technologies Corporation (U.S.) among others. 

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Multiple Application of Laser Welding Technology to Benefit Market 

Co₂ laser welding machine, fiber laser welding machine, and solid-state laser welding machine are well-known laser welding machines. Fiber laser welding machine amplifies and channels the laser beam through a fiber optic cable, which is responsible for the targeted delivery of laser beam. Hence, fiber laser welding machine is expected to offer greater precision over other welding machines. Other advantages of fiber laser welding machines are, free-mobility that eliminated the need for fixturing devices and high strength of welds. As per MRFR study, the growing popularity of fiber laser welding owing these benefits is expected to impel the global laser welding machine market. Medical, construction, jewelry industry, tool and mold-making, electronics, and automotive are major end-consumers of laser welding machines. 

Designs of objects largely influence their efficacy of functioning. Proper welding plays a crucial role in the engineering of tools that are used in construction, and automobile production among others. Hence, the application of laser welding is significant in the tool manufacturing industry. A high volume of welding is observed in the automobile industry. Automakers are continuously revising their existing model and are making deliberate efforts to expand their product portfolio. Elevation in comfort threshold of people and hike in disposable income of people are contributing to the growing demand for new automotive demand. Thus, the growing need for precise and strong welds are increasing the adoption rate of laser welding machines in the automobile industry. It is expected to boost the market growth. Similarly, the construction industry is observed to use laser welding beams extensively. It is due to the inclination of people towards luxurious homes with enhanced aesthetic appeal the need for such machines is surging. Medical devices, such as CT scanners and X-rays, and consumer electronics, such as laptops, use printed circuit boards that are welded using laser technology. Hence, multiple applications of laser welding technology across various verticals to benefit the market. 

Europe to Show Remarkable Growth of Laser Welding Machine Market 

In Europe, the laser welding machine market is expected to grow at a rapid pace. The presence of numerous laser welding machine manufacturers and a firm infrastructure to support production are causes that are anticipated to contribute to the rapid expansion of the regional market. After Europe, Asia Pacific market is expected to proliferate a rapid pace due to increase in construction activities and presence of renowned automobile producers.

Scope of Report

The report for Global Laser welding machine market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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LIST OF TABLES

TABLE 1 GLOBAL LASER WELDING MACHINE MARKET, BY TECHNOLOGY

TABLE 2 GLOBAL LASER WELDING MACHINE MARKET, BY APPLICATION

TABLE 3 GLOBAL LASER WELDING MACHINE MARKET, BY REGIONS

TABLE 4 NORTH AMERICA LASER WELDING MACHINE MARKET, BY COUNTRY

TABLE 5 NORTH AMERICA LASER WELDING MACHINE MARKET, BY TECHNOLOGY

TABLE 6 NORTH AMERICA LASER WELDING MACHINE MARKET, BY APPLICATION

TABLE 7 U.S. LASER WELDING MACHINE MARKET, BY TECHNOLOGY

TABLE 8 U.S. LASER WELDING MACHINE MARKET, BY APPLICATION

TABLE 9 CANADA LASER WELDING MACHINE MARKET, BY TECHNOLOGY

TABLE 10 CANADA LASER WELDING MACHINE MARKET, BY APPLICATION

Continued…………..

LIST OF FIGURES

FIGURE 1 RESEARCH TECHNOLOGY

FIGURE 2 GLOBAL LASER WELDING MACHINE MARKET: BY TECHNOLOGY (%)

FIGURE 3 GLOBAL LASER WELDING MACHINE MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL LASER WELDING MACHINE MARKET: BY REGION

FIGURE 5 NORTH AMERICA LASER WELDING MACHINE MARKET, BY TECHNOLOGY (%)

FIGURE 6 NORTH AMERICA LASER WELDING MACHINE MARKET, BY APPLICATION (%)

FIGURE 7 EUROPE LASER WELDING MACHINE MARKET, BY TECHNOLOGY (%)

FIGURE 8 EUROPE LASER WELDING MACHINE MARKET, BY APPLICATION (%)

FIGURE 9 ASIA-PACIFIC LASER WELDING MACHINE MARKET , BY TECHNOLOGY (%)

FIGURE 10 ASIA-PACIFIC LASER WELDING MACHINE MARKET, BY APPLICATION (%)

Continued…………..

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