Laser Welding Machine Market Size - By Technology (Fiber lasers, CO2 lasers, Diode lasers, others), By End use (Automotive, Medical, Electronics, Aerospace & defense, jewelry, others), Forecast 2024 – 2032

Laser Welding Machine Market Size - By Technology (Fiber lasers, CO2 lasers, Diode lasers, others), By End use (Automotive, Medical, Electronics, Aerospace & defense, jewelry, others), Forecast 2024 – 2032

Laser Welding Machine Market Size

Laser Welding Machine Market was valued at around USD 2.49 billion in 2023 and is anticipated to register a CAGR of 5.5% between 2024 to 2032, due to their high accuracy welding capabilities which is ideal in various industry applications. Laser welding’s are faster than the traditional welding machines and can be used on wide range of materials such as metals, plastics. The welds by laser welding are often very high quality and produces less emissions and pollutants as compared to traditional welding machines. Thus, making laser welding an environment sustainable machine.

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The laser welding machine market is growing due to the increased demand in industries such as automotive & aerospace and defense. Manufactures in these industries are focusing on working materials like aluminum and steel to produce light weight and added features vehicles which requires precision cutting and welding to avoid any mistakes. Laser welding machines are preferred due to their ability to give high precise welds result.

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Additionally, there is a rise of EV vehicles production where Laser welding plays an important role in manufacturing the critical components such as battery and other components like engines and base of the vehicle. Moreover, Automotive industry also requires high automated tools for production purposes. Laser welding machines can be equipped with automated machines, and this can help to fasten the automated production process improving the overall efficiency of an industry.

The high initial costs and maintenance costs associated with the laser welding machine is a significant challenge for the manufacturers as well as industries. This high cost is a barrier for small scale industries who have budget concerns and are not able to upgrade the technologies and equipment’s used. Additionally, the maintenance costs of laser welding are also high overall increasing the operational costs of various industries. Despite all the pro’s laser welding offers these factors may result in lower adoption among industries.

Laser Welding Machine Market Trends

Industries have been transforming towards automation to reduce the operational time and get high quality results. Many industries are adopting with latest technologies and are constantly upgrading themselves. Whereas Laser welding machines are being integrated with automated systems. This is trending in high production sectors such as automotive and aerospace. Automated systems equipped with laser gives excellent control and ensures in delivering consistent welding quality. Due to these factors the market for laser welding machines is growing. Industries can increase their production rates and improve the overall efficiency of industry with the installation of laser welding machines.

Laser Welding Machine Market Analysis

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Based on technology, the market is segmented into fiber lasers, CO2 lasers, Diode lasers and others.  In 2023, the fiber laser technology segment accounted for revenue of around USD 1.08 billion in 2023 and expected to reach around USD 1.67 billion by 2032.

Fiber lasers have emerged as a dominant technology due to its high-performance ability and advantages over co2 lasers and diode lasers. The fiber lasers have an ability of changing its electrical input into laser input. This helps industries in controlling the energy power consumption.

Fiber lasers emit high quality beams which have a controlled focused resulting in high welding in various applications. Fiber lasers are preferred to weld various materials such as metals, plastics and composites as well used in aerospace and electronics industry. Due to these factors fiber lasers have been emerged as dominating segment in the laser welding machine market.

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Based on End use, the market is categorized into automotive, medical, electronics, aerospace and defense, jewelry and others. In 2023, electronics segment accounted for revenue of around USD 929.92 million in the year 2023 and likely to exceed USD 1.22 billion by 2032. In electronics segments the main operation is on the small components where high precise welding is required. Laser welding is excellent in working with such minute electrical components used in electronics sectors. The electronics components require non-contact and high quality of welding work to ensure the high performances of electronics devices where laser welding plays an important role in ensuring to meet the industry standards.

Additionally automotive sector is the fastest growing sector in the year 2023. Generating a revenue of USD 662.4 million with an CAGR of 7.7% it is expected to reach at USD 1.07 billion by 2032.

In automotive sector high speed manufacturing is required which a high-quality performance. Laser welding machines integrated with automated systems can offer the high-quality weld with minimize error and help in increasing the production resulting in improving overall efficiency of the industry.

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Asia pacific is laser welding machine market size crossed USD 951.2 million in 2023 and expected to reach around USD 1.8 billion by 2032. Countries such as China, Japan, south Korea and India are experiencing rapid industrialization. Industries are adapting the new technologies to meet the growing demand.

Asia pacific is known as hub of manufacturing across industries such as electronics and automotive. Where laser welding plays a crucial role in manufacturing the electronics components and providing high quality automotive parts and components. Due to the presence of manufacturing hubs large sale production is happening in this region where there is an increased demand for welding technologies particularly laser to meet the growing demand of the industries.

Country Level Analysis

North America In terms of country, US is second growing region with the overall market share of around 24.75 % in the North America Laser Welding Machine Market. One of the most significant drivers of the US market is presence of various automotive manufacturing players where there is a need for laser welding machines to produce high quality and advanced automotive components.

Additionally in aerospace and defense laser welding plays an important role in welding of aircraft components. In these sectors high welding quality is required.

Europe The Europe Laser Welding Machine Market was valued at around USD465.6 million in 2023 and is anticipated to register a CAGR of 4.6 % between 2024 to 2032. Europe focuses on catering diverse sectors where welding is required. The sectors such as manufacturing, medical, aerospace focuses on delivery high quality services where such advanced equipment’s and machines are required to fulfil the demand.

In terms of country, Germany is dominating the Europe Laser Welding Machine Market in terms of market value of around USD 114.4 million during the 2023. As Germany is known for its strong engineering expertise There is a constant development with equipment’s and laser welding technologies to meet the rapid growth of industries.

Laser Welding Machine Market Share

Key players involve in the laser welding machine industry are Trumpf, Coherent inc, IPG Photonics, Keyence corp, Jen optic Ag and Amada accounting market share of 28% in 2023. Manufacturers are continually investing in R&D to build advanced welding technology integrated with automated commands with the help of Artificial intelligence.

Laser Welding Machine Market Companies

Major companies operating in the laser welding machine industry include

• CHIRON Group SE
• Coherent Corp.
• Emerson Electric Co. 
• Han's Laser Technology Industry Group Co., Ltd
• Huagong Laser Engineering Co., Ltd
• IPG Photonics Corporation
• Jenoptik AG
• KEYENCE CORPORATION
• Laser Technologies
• Laser line GmbH
• Laser Star Technologies Corporation
• Penta Laser (Zhejiang) Co., Ltd
• Precitec GmbH & Co. KG
• TRUMPF   

Laser Welding Machine Market News

• In January 2024, Coherent introduced Exact weld 410 laser welding systems for medical devices manufacturing contributing to rapidly growing demand for high quality welding in medical devices.
• In May 2024, IPG photonics launched light weld 2000XR under handheld laser welding and cleaning product line. This has a high production speed and will increase the productivity.
• In March 2024, Penta laser launched and four in one laser welding machine which will be leading China manufacturing industry to high quality development.
• In October 2023, Trumpf has launched a fully automated punch laser machine for connected manufacturing operations. This will help in automated flow of materials within the operation area and will help in loading and unloading the material.

This laser welding machine market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments

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Market, By Technology

• Fiber Lasers
• CO2 Lasers
• Diode Lasers
• Others

Market, By End use

• Automotive
• Medical
• Electronics
• Aerospace & defense
• Jewelry
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA