The Laser Welding Machine Market to grow by USD 458.39 million from 2022 to 2027, Growing adoption of welding robots is a key factor driving market growth- Technavio
NEW YORK, Sept. 25, 2023 /PRNewswire/ -- The laser welding machine market is expected to grow by USD 458.39 million from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 5.24% during the forecast period. The market is segmented by End-user (Automotive, Healthcare, Aerospace and Defense, Electronics, and Others), Technology (Fiber laser, Solid-state laser, CO2 laser, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). The growing adoption of welding robots is a key factor driving market growth. Robotic systems are increasingly being used to carry out the tasks of welding and bonding, owing to their remarkable speed, accuracy, and effectiveness in this sector. In addition, laser welding robots include a servo-controlled multiaxis mechanical hand in which the laser cutting head is fitted. The robots help to maintain the quality of welds, which in turn improves consistency. Moreover, laser welders can be used in precise processes in the automobile sector, such as wire-cutting solenoids for interior entertainment systems, drive components, and metal-cutting parts. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample
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The gas cutting machine market is estimated to grow at a CAGR of 2.14% between 2022 and 2027. The size of the market is forecast to increase by USD 97.42 million. This report extensively covers market segmentation by product (stationary gas cutting machine and portable gas cutting machine), application (automotive, aerospace and defense, industrial machinery and equipment, and shipbuilding), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The growing demand from conventional end-users of gas-cutting machines is one of the primary growth factors for the market.
The metal welding market is estimated to grow at a CAGR of 5.19% between 2022 and 2027, and the size of the market is forecast to increase by USD 10.31 million. This report extensively covers market segmentation by type (arc, resistance, oxyacetylene gas, solid state, and others), end-user (automotive, construction, aerospace, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The emergence of laser welding equipment is notably driving market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Technology
Market Segmentation by Geography
Drivers, Challenges, & Trends
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