Laser Welding Machine Market To Advance With A 5% CAGR Over The Forecast Period | Industry Analysis, Key Player profile, Size, Share, Growth, Trends, and Regional Outlook by 2023
Research Reports
Jan 04, 2021
Laser Welding Machine Market – Overview
The evolution of the manufacturing sector has initiated the requirement for various kinds of tools and machines noticeably. Market reports connected with the industrial automation and equipment industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry. The market is anticipated to expand at a CAGR of 5 percent approximately over the forecast period.
The end-user applications in industries such as medical, jewelry, automotive and electronics will boost the market’s growth over the forecast period. The escalating level of developments in the manufacturing sector, product innovations and technological developments are fuelling the market considerably. Moreover, the rising number of welding applications in several sectors is expected to boost the market share over the forecast period.
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Segmental Analysis
The market for laser welding machine market is segmented in the basis of technology, application, and region. On the basis of technology, the market is segmented into Co? Laser Welding Machine, Fiber Laser Welding Machine, and Solid-State Laser Welding Machine. On the basis of application, the market is segmented into Electronics, Medical, Jewelry industry, Tool and mold-making, Automotive, and Others. On the basis of Region, the market is segmented into APAC, North America, Europe and the rest of the world.
Detailed Regional Analysis
The regional analysis of the market consists of regions such as APAC, North America, Europe and the rest of the world. The European region is anticipated to develop considerably during the forecast period due to factors such as the growing trend of automation, constant advancements in welding technology and a rapid surge in the infrastructural development projects. The progress of the market in the region will be additionally buoyed by speedy urbanization, the growth in the disposable income level of the people and the growing government funding towards the market.
Competitive Analysis
The market has brought in a new period of growth as the market is continually in a state of mutability. The availability of a decent labor force along with resources is contributing to the overall market growth. The external factors are prompting the market expansion which is contingent on the practices and the strategic roadmaps that are used by market companies. The revolution in products and services is the core factor intensifying the market’s productivity and influencing the trends that gain prominence in the market. The central success factors and players’ propensities are gradually improving by the strategies being used by market players. The noteworthy competitors in the market for laser welding machine comprise of IPG Photonics (U.S.), O.R. Lasertechnologie (Germany), Emerson Electric Company (U.S.), Amada Miyachi Co., Ltd, (U.S.), FANUC Robotics (Japan), LaserStar Technologies Corporation (U.S.), Golden Laser (China), TRUMPF Group (Germany), JENOPTIK AG. (Germany), GSI Group, Inc. (U.S.), among others.
Industry Updates:
June 2018 Trumpf is investing over $3 million in a 40,000-sq-ft. training center at its Farmington site to provide classroom and “at the machine” instruction. With the growth, the company is now capable of training 5000 students inside 630 training events a year.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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