Laser Welding Machines Market Size & Growth Analysis to 2030

The global laser welding machine market size was valued at over USD 1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of over 5% during the forecast period from 2023 to 2030. The market is being driven by the increasing demand for laser welding machines in the automotive industry for applications such as body-in-white, battery, powertrain, and components manufacturing. Other factors driving the market include advancements in laser technology, the growing adoption of automation in manufacturing processes, and the increasing demand for energy-efficient and eco-friendly welding processes. Additionally, the growing use of laser welding machines in the medical device, aerospace, and electronics industries is expected to create further growth opportunities for the market.

Market Drivers:

Increasing demand in the automotive industry: Laser welding machines are being increasingly used in the automotive industry for various applications such as body-in-white, battery, powertrain, and components manufacturing. This is because laser welding offers a high level of precision and speed, and is ideal for welding thin materials.

Advancements in laser technology: There have been significant advancements in laser technology in recent years, which have led to the development of more efficient and reliable laser welding machines. These advancements include improvements in laser power and beam quality, as well as the development of new laser sources.

Growing adoption of automation in manufacturing processes: With the increasing demand for high-quality and efficient manufacturing processes, there has been a growing trend towards the adoption of automation in manufacturing processes. Laser welding machines are an ideal solution for automation due to their high precision and speed.

Increasing demand for energy-efficient and eco-friendly welding processes: Laser welding is a highly energy-efficient process that produces very little waste, making it an eco-friendly alternative to traditional welding methods. As companies become more environmentally conscious, the demand for laser welding machines is expected to increase.

Growing use in medical device, aerospace, and electronics industries: Laser welding machines are also being increasingly used in the medical device, aerospace, and electronics industries due to their high precision and accuracy. This is expected to create further growth opportunities for the market.

Market Snapshot:

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Market Insights:

Global Laser Welding Machine Market Analysis by Technology:

The global laser welding machine market is bifurcated into technology, application, and geography. On the basis of technology, the market is further segmented into fiber laser welding, CO2 laser welding, solid-state laser welding, and others. The dominant segment in the laser welding machine market by welding technology is fiber laser Welding technology. This is because fiber laser welding offers several advantages such as higher welding speeds, deeper penetration, better accuracy and control, and lower heat input compared to other welding technologies such as CO2 laser welding and solid-state laser welding. Fiber laser welding technology is widely used in several applications such as automotive, aerospace, electronics, medical devices, and others, which also contribute to its dominant position in the market.

Fiber Laser Welding: Fiber laser welding technology uses a fiber optic cable to deliver laser light to the workpiece. This technology is used for high-speed welding of thin to medium-thick metals, including stainless steel, aluminum, and copper.

CO2 Laser Welding: CO2 laser welding technology uses a gas mixture as the laser medium. It is used for welding non-metallic materials and high-speed welding of thick metals, including carbon steel and titanium.

Solid-State Laser Welding: Solid-state laser welding technology uses a crystal or glass as the laser medium. It is used for precision welding of small parts and is suitable for welding thin and thick metals, including aluminum and copper.

Others: Other laser welding technologies include pulsed laser welding, hybrid laser welding, and remote laser welding. These technologies are used for welding specialized materials and for specific applications.

Global Laser Welding Machine Market Analysis by Application:

On the basis of application, the global laser welding machine market is bifurcated into automotive, electronics, medical, jewelry, aerospace, and others. The automotive industry is one of the largest end-users of laser welding machines due to the high demand for precision welding in the manufacturing of automobile parts. The aerospace industry also relies heavily on laser welding machines for high-quality and reliable welding of aircraft parts. In the electronics industry, laser welding machines are used for the precise and efficient joining of electronic components. In the medical industry, laser welding machines are used for the manufacturing of medical devices and implants. The jewelry industry also uses laser welding machines for the production of intricate and delicate jewelry designs.

Automotive: Laser welding machines are widely used in the automotive industry for welding various components such as body parts, engine parts, and transmission parts. The use of laser welding machines in automotive manufacturing has increased due to their ability to improve the quality and speed of welding processes.

Electronics: Laser welding machines are used in the electronics industry for welding delicate and small components. They offer high precision and control, making them suitable for welding components such as wires, connectors, and sensors.

Medical: Laser welding machines are widely used in the medical industry for welding surgical instruments, dental instruments, and implants. The use of laser welding machines in medical manufacturing has increased due to their ability to provide clean and precise welds without damaging the materials being welded.

Jewelry: Laser welding machines are used in the jewelry industry for welding and repairing precious metals and alloys. They offer high precision and control, making them suitable for welding delicate and intricate designs.

Aerospace: The aerospace industry requires precise and high-quality welding for various components. Laser welding machines offer several advantages such as low heat input and precise control, making them suitable for welding aerospace components.

Others: Laser welding machines are also used in other industries such as consumer goods, power generation, and military and defense.

The laser welding machine market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Technology:

• Fiber Laser Welding
• CO2 Laser Welding
• Solid-State Laser Welding
• Others

By Application:

• Automotive
• Electronics
• Medical
• Jewelry
• Aerospace
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the laser welding machine market report comprises dedicated sections centering on the regional market revenue and trends. The laser welding machine market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The laser welding machine market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Laser welding machine market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global laser welding machine market are TRUMPF, Amada Miyachi, Coherent, IPG Photonics, and Wuhan Hans Goldensky Laser System Co., Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies.  For instance:

• TRUMPF launched the TruLaser Station 7000, a compact laser welding machine for small to medium-sized components, in September 2021.
• Amada Miyachi America Inc. launched the LMWS Pulsed Fiber Laser Welding System in August 2021, which is ideal for high-speed welding of small to medium-sized parts in the automotive, electronics, and medical device industries.
• IPG Photonics Corporation launched the IX-280-HY hybrid laser welding system in July 2021, which combines a fiber laser and a direct diode laser for high-speed welding of metals.
• OR Laser launched the EVO MOBILE, a portable laser welding machine, in May 2021, which is designed for repair and maintenance applications in various industries.
• Laserline GmbH launched the LDF 3-150-45, a diode laser-based welding machine, in February 2021, which is designed for industrial production and research applications.

The laser welding machine market is continuously evolving with technological advancements and innovations. In recent years, market players have been introducing new laser welding machines and technologies to cater to the increasing demand for high-quality, precise, and efficient welding solutions across various industries. The new product launches and developments in the laser welding machine market focus on enhancing the welding speed, improving the quality of the welds, increasing the range of materials that can be welded, and reducing the overall operational cost. The introduction of advanced features and improved functionality in laser welding machines is expected to drive the growth of the market in the coming years.

Key Companies:

• TRUMPF
• Amada Miyachi
• Coherent
• IPG Photonics
• Wuhan Hans Goldensky Laser System Co., Ltd.
• Emerson Electric Co.
• Nippon Avionics Co., Ltd.
• Jinan Xintian Technology Co., Ltd.
• Golden Laser
• Unity Prima

Key Questions Answered by Laser Welding Machine Market Report

• Global laser welding machine market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Laser welding machine submarket forecasts from 2023-2030 covering the market by technology, application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level laser welding machine markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market