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The Market is segmented by Technology (Fiber, Co₂, Solid-State, and Others), and by Geography - Growth, Trends, and Forecast (2019-2024)
Fastest Growing Market:
The laser welding machines market is expected to register a moderate growth during the forecast period (2019-24). The growth of the market is majorly driven by the increasing demand from several end-user industries such as automotive, medical, electronics, etc., across the world. Developed regions like North America and Europe adopted the laser welding techniques long back for many applications when compared to other developing economies. These developed regions are expected to fuel the growth of the market significantly owing to factors such as the rising trend of automation, and continuous advancements in welding technology.
Currently, laser welding is used in numerous different fields, ranging from highly precise micro-welding of medical devices to small-scale manual welding in the medical and jewelry industries, from manufacture and repair of dies and tools to fully automated laser welding in the automotive and heavy manufacturing sectors. Furthermore, the market is also driven by the growing demand for the fabricated metal products, development of heavy industrial equipment, advancement in the manufacturing processes, and adoption of latest technologies. Additionally, the demand for automated equipment is also increasing due to the shortage of skilled personnel in some of the regions studied.
A complete background analysis of the laser welding machines market, which includes an assessment of the sector and contribution of sector in the economy, market overview, market size estimation for key segments, key regions and emerging trends in the market segments, market dynamics, and key production and consumption statistics are covered in the report.
|Middle East and Africa|
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The use of laser in automotive manufacturing has increased intensely over recent years. Although the lasers are initially developed mainly to cutting applications, a significant and growing proportion of lasers is being applied to welding. The application of lasers in the manufacture of components cover engine parts, transmission parts, alternators, solenoids, fuel injectors, fuel filters, etc. Improved productivity and reduction of cycle time play an increasing role in current industrial manufacturing. Especially within the automotive industry, where the total length of laser welded seams can add up to more than 50 meters per car, it is important to minimize processing time by means of high welding speeds. Compared to conventional welding, laser welding allows for heat conduction welding and deep penetration welding, as well.
Despite some headwinds, the automotive industry is looking bright globally. U.S. light vehicle sales figures peaked in 2016 with 17.46 million and 2018 marked the fourth straight year with over 17 million unit sales. According to industry sources, global light vehicle production units have been remarkable and it only continues to grow. APAC is expected to register the highest growth rates in terms of production volumes followed by North America. This scenario is expected to create demand for the laser welding machines and other related machines associated with the automotive manufacturing process.
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As per the analysis, Asia-Pacific (APAC) is estimated to grow faster than other regions during the forecast period. The region has the highest number of manufacturing plants where adoption of laser welding machines, which focus on improved productivity is essential. China is expected to be the major country in the region owing to its vast manufacturing sector. Additionally, automotive is one of China's pillar industries, and it continues to be the largest vehicles market in the world. The country’s total automotive production reached 27.8 million units in 2018, which is far ahead of major markets like the United States (11.3 million units), Japan (9.7 million units), and Germany (5.1 million units).
Coming to ASEAN, the manufacturing sector has been one of ASEAN’s key economic growth drivers. Economies in this region have low operating costs, which attract many businesses from larger manufacturing bases. In the recent times, China has seen rising wages and tighter regulations, which has led to an increase in operating costs as it shifts towards the higher value manufacturing. In order to replace the role that PRC once played, companies are looking to the ASEAN region for lower-value production networks which have also been largely integrated into global manufacturing value chains. As per the analysis, welding machine manufacturers should align their distribution channels to focus on the growing markets by serving the emerging manufacturing sectors to increase their sales.
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The laser welding machines market is fairly fragmented in nature with the presence of large global players and small and medium sized local players with quite a few players who occupy the market share. When analyzing major countries’ manufacturing establishments, it is revealed that many of the global companies have footprint in the major countries. Detailed analysis of major companies, which include company overview, financials, products offerings, recent developments, etc. are covered in the report.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Porter's Five Forces Analysis
4.4 Industry Value Chain Analysis
4.5 Global Manufacturing Sector (Overview, Trends, R&D, Key Statistics, etc.)
4.6 Key Government Regulations and Initiatives for Manufacturing Sector
4.7 Welding Industry Snapshot (Overview, Key Metrics, Developments, etc.)
4.8 Technology Snapshot (Robotics, etc.)
4.9 Insights on 3D Printing and Additive Manufacturing
4.10 Spotlight on Laser Plastic Welding*
4.11 *List not Exhaustive
5. MARKET SEGMENTATION
5.1 By Technology
5.2.1 North America
5.2.4 Latin America
5.2.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration, Major Players)
6.2 Company Profiles
6.2.1 TRUMPF Group
6.2.2 The Emerson Electric Co
6.2.3 Wuhan Golden Laser Co
6.2.4 Jenoptik AG
6.2.5 Huagong Laser Engineering Co.,Ltd
6.2.6 LaserStar Technologies Corporation
6.2.7 Shenzhen HeroLaser Equipment Co.,Ltd
6.2.8 IPG Photonics Corporation
6.2.9 Amada Miyachi
6.2.10 EMAG GmbH & Co. KG
6.2.11 FANUC Robotics
6.2.13 *List not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8.1 GDP Distribution, by Activity-Key Countries
8.2 Insights on Capital Flows-Key Countries
8.3 Economic Statistics-Manufacturing Sector, Contribution to Economy (Key Countries)
8.4 Global Manufacturing Industry Statistics*
8.5 *List not Exhaustive
** Subject to Availability