The global market for laser welding machine is expected to develop at a rapid pace over the course of the given forecast period of 2019 to 2027. One of the primary growth factors for the market development has been increasing thermal stability offered by these laser welding machines. This stability also helps in cutting down the scrap from the elements and materials that come for welding. The utility of laser welding machines also aid in eliminating the use of chemical additives and glue from the operations of welding. The growing use of laser welding machines by the several end-user application industries such as electronics, automotive, jewelry, and medical among others is also contributing significantly in terms of driving the growth of the global market. It is expected that the demand for laser welding machines will grow even further with advancements in the manufacturing procedures, technological advancements, and product innovations.
A laser welding machine is used to join multiple pieces of different material together by using laser beam as a concentrated heat source. Numerous advancements in laser welding technology have resulted in a wide range of its applications. Laser welding supports the joining of materials or components that requires high welding speed and low thermal distortion. Laser welding machines are being increasingly adopted in different growth sectors such as entertainment electronics, photovoltaic, and medical device technology.
Laser Welding Machine Market – Competitive Landscape
Emerson Electric Co.
Incorporated in 1890, Emerson Electric Co. is based in St. Louis, Missouri, U.S. The company provides industrial valves & equipment; measurement and analytical instrumentation; process control systems; and tools & appliance solutions for customers in a range of industrial, commercial, and consumer markets. It operates through the following business segments: commercial & residential solutions and automation solutions. Emerson operates across Asia Pacific, Europe, Middle East & Africa (EMEA), and the Americas.
Incorporated in 1990, IPG Photonics is based in Oxford, Massachusetts, U.S. The company engages in the design, development, production, and distribution of laser systems, fiber lasers, fiber amplifiers, and related optical components. Its products include lasers, laser systems, beam delivery, telecom equipment, product finder, and components such as chillers, pump diodes, and mid-IR crystals. IPG offers its products to various industries such as manufacturing, medical, research, automotive, transportation, printing, consumer products, electronics, and communication industries. The company has its operations in the Americas, Europe, and Asia.
Established in 1923, TRUMPF Group is based in Ditzingen, Germany. The company is specialized in providing machine tools and lasers for the industrial sector. Its product portfolio includes lasers, power electronics, power tools, machines & systems, smart factory, software, and services.
Amada Miyachi Co., Ltd
Founded in 1972, Amada Miyachi Co., Ltd. (Amada Miyachi) is based in Tokyo, Japan. The company is specialized in manufacturing and selling semiconductor related measuring instruments and welding control equipment. The company’s products include laser welders, laser markers, fine spot welders, and systems. The company operates in the U.S and Japan.
Wuhan Golden Laser Co., Ltd.
Incorporated in 2005, Wuhan Golden Laser Co., Ltd. is located in Wuhan, China. The company offers intelligent, digital, and automated laser solutions. Wuhan Golden Laser Co., Ltd. specializes in designing and manufacturing laser systems for cutting, engraving, and marking. The company’s products are high-end digital metal tube sheet laser processing equipment and non-metal industrial flexible material laser processing equipment such as vision, flatbed, and fiber laser cutting machine; CO2 laser cutter engraver; galvo laser machine; and label laser die cutting machine.
Some of the other significant players in the laser welding machine market are O.R. Laser technologie GmbH (Germany), FANUC Robotics (Japan), GSI Group, Inc. (U.S.), and LaserStar Technologies Corporation (U.S.) among others.
Laser Welding Machine Market - Dynamics
Growing Demand from Different End-use Industries
Laser welding machines are easily controllable and generates low volume of scrap. Laser welding machines can weld aluminum, stainless steel, high-strength steel, carbon steel, precious metals etc.. These machines allow automation in the welding process; thus, it enhances the overall volume of production. Laser welding machines are increasingly being adopted by the medical device manufacturing sector, automotive sector, heavy manufacturing sector, as well as the construction sector due to such benefits. As a result, the laser welding machine market is likely to grow at an impressive pace in the upcoming years.
Lack of Skilled Labor Inhibits the Growth of the Laser Welding Machine Market
Lack of skilled and knowledgeable labor in manufacturing industries is expected to impede the growth of the laser welding machine market in the near future. It is also estimated that high labor cost and heavy initial price tag causes uncertainty among end-users regarding their adoption, thereby hindering the growth of the laser welding machine market.
Laser Welding Machine Market –Segmentation
The laser welding machine market can be segmented based on:
Laser Welding Machine Market Segmentation – By Technology
Based on technology, the laser welding machine market can be fragmented into:
Laser Welding Machine Market Segmentation – By End-user
In terms of end-user, the laser welding machine market can be bifurcated into:
The report on the laser welding machine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The laser welding machine market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on laser welding machine market segments and geographies.
Regional analysis of the laser welding machine market includes: