Laser Welding Machine Market Size, was valued at USD 0.94 Billion in 2023. The Laser Welding Machine market industry is projected to grow from USD 0.99 Billion in 2024 to USD 1.38 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.29% during the forecast period (2024 - 2032). Reducing the scrap from the materials being welded and research & development among key market players are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising demand for fiber LWM drives market CAGR for laser welding machine. Fiber lasers offer advantages, including higher efficiency, compact size, and better beam quality. These machines provide precise and controlled welding, enabling manufacturers to achieve superior weld quality, reduced heat-affected zones, and enhanced productivity. The automotive sector, in particular, is a key driver of growth, with the rising production of electric vehicles and the need for lightweight materials. Furthermore, advancements in fiber laser technology, such as the development of high-power continuous-wave fiber lasers and pulsed fiber lasers, are expanding the application areas of laser welding machines. This trend is subject to continue, driving the growth of the Laser Welding Equipment market in the coming years.
Integrating artificial intelligence (AI) and machine learning (ML) techniques in laser welding machines is another significant trend shaping the market. AI and ML algorithms are being employed to enhance the welding process by optimizing parameters such as laser power, welding speed, focus position, and beam shape. These technologies enable real-time monitoring and control of welding parameters, improving weld quality, reducing defects, and higher efficiency. Integrating AI and ML in laser welding machines also enables predictive maintenance and fault detection, minimizing downtime and enhancing operational efficiency. By analyzing data from sensors and monitoring systems, AI algorithms can detect anomalies, predict potential failures, and recommend maintenance actions. This proactive approach helps manufacturers optimize machine uptime and reduce maintenance costs.
Additive manufacturing, or 3D printing, is witnessing rapid adoption across industries, revolutionizing production. Laser welding plays a crucial role in additive manufacturing, enabling the joining of 3D-printed components and ensuring their structural integrity. The growing application of laser welding in additive manufacturing is a key trend in the global market. The integration of laser welding in additive manufacturing also enables the joining of dissimilar materials, expanding the different ranges of materials that can be used in 3D printing. This capability is particularly valuable in industries such as aerospace, where lightweight materials like aluminum and titanium are combined to achieve optimal strength and weight characteristics.
For instance, the global Laser Welders market is witnessing several notable trends that are reshaping the industry landscape. The rising demand for fiber laser welding machines, the integration of AI and ML in laser welding, and the growing application of laser welding in additive manufacturing are three key developments driving the Laser Welding Machinery Market revenue.
The global Laser Welding Machine market segmentation, based on application, includes medical, electronics, jewelry industry, automotive, tool & mold-making, and others. The automotive category generated the most income. These machines are used for different applications, including body-in-white welding, powertrain component welding, and battery pack welding in electric vehicles.
The global Laser Welding System Market segmentation, based on technology, includes fiber LWM, co2 LWM, and solid-state LWM. The fiber LWM segment dominated the market due to its high efficiency and superior performance. These machines utilize fiber optics to generate laser beams, resulting in excellent beam quality and high power density.
Figure 1: Laser Welding Machine Market, by Technology, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Laser Welding Machine market will grow significantly due to the presence of key players, technological advancements, and a strong manufacturing base contributing to the region's dominance. The automotive and aerospace industries are major users of laser welding machines in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Laser Welding Machine Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe Laser Welding Machine market will dominate the market share. The region is known for its robust manufacturing infrastructure, especially in the automotive and machinery sectors, where laser welding machines find extensive applications. Further, the German Laser Welding Machine market held the largest market share, and the UK Laser Welding Machine market was the fastest-growing market in the European region.
The Asia-Pacific Laser Welding Machine Market is expected to grow significantly from 2024 to 2032. It is due to rapid industrialization and the presence of major manufacturing hubs. Moreover, the region's booming electronics industry, including the production of smartphones, consumer electronics, and semiconductors, drives the demand for laser welding machines. Moreover, China’s Laser Welding Machine market held the largest market share, and the Indian Laser Welding Machines Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Laser Welding Machines Market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Laser Welding Machine Market must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Laser Welding Machine industry to benefit clients and increase the market sector. In recent years, the Laser Welding Machine Market has offered some of the most significant medical advantages. Major players in the Laser welding system market, including Emerson Electric Company (U.S.), IPG Photonics (U.S.), O.R. Laser Technologies (Germany), TRUMPF Group (Germany), Amada Miyachi Co. Ltd (U.S.), FANUC Robotics (Japan), Golden Laser (China), GSI Group Inc. (U.S.), JENOPTIK AG. (Germany), Laser Star Technologies Corporation (U.S.), and others, are attempting to increase market demand by investing in research and development operations.
Extol Inc., founded in 1993 and located in Bekkestua, Norway, is a Christian metal band known for playing various styles of metal, including progressive metals, black metals, and thrash metals. In March 2021, Extol introduced LaserLockTM plastic weld tooling, which repeatably locates and holds the plastic parts inside the Laser Welding, which is crucial for success. This solution makes process setup easy and allows for more flexibility in the part design.
Trumpf GmbH Co., founded in 1923 in Ditzingen, Germany, is a German industrial machine manufacturing company. It is one of the world's biggest providers of machine tools. Its production is available in China, Germany, the UK, Japan, Mexico, and many regions. TRUMPF has offered a new innovative product TruLaser Weld 1000. It will help small companies to incline towards automated laser welding. This product suits welding sheet metal boxes, electrical cabinets, and covers.
Laser Welding Machine Industry Developments
July 2022 Vitesco Technologies, a leading international manufacturer of modern drive technologies and electrification solutions, uses innovative laser systems from its long-standing production engineering partner TRUMPF. With the innovation of the new green laser equipment for copper welded joints, it is among the pioneers in the serial use of this new solution. Compared with infrared laser systems, the standard in copper welding to date, green lasers can deduct energy consumption by up to 20%, depending on the application and the CO2 footprint per laser welded joint.
February 2022 NLight, a leading manufacturer of fiber lasers, purchased Plasmo Industrietechnik to expand its manufacturing solutions offering by including Plasmo's machine vision and analysis technologies. Plasmo is an Austrian-based provider of automated quality assurance and diagnostic solutions for the welding and additive manufacturing industry. The products will enhance NLight's industrial laser product line.
April 2022 Emerson Automation Solutions attended MD&M West in Anaheim, California, to demonstrate the latest innovations in ASCO valves and Branson laser welding solutions for medical devices.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.94 Billion |
| Market Size 2024 | USD 0.99 Billion |
| Market Size 2032 | USD 1.38 Billion |
| Compound Annual Growth Rate (CAGR) | 4.29% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Emerson Electric Company (U.S.), IPG Photonics (U.S.), O.R. Laser Technologies (Germany), TRUMPF Group (Germany), Amada Miyachi Co. Ltd (U.S.), FANUC Robotics (Japan), Golden Laser (China), GSI Group Inc. (U.S.), JENOPTIK AG. (Germany), Laser Star Technologies Corporation (U.S.). |
| Key Market Opportunities | The new product launches and research & development among companies. |
| Key Market Dynamics | Deducting the scrap from the materials that are being welded. |
Frequently Asked Questions (FAQ) :
The global Laser Welding Machine market size was valued at USD 0.94 Billion in 2023.
The global market is projected to grow at a CAGR of 4.29% during the forecast period, 2024-2032.
Europe held the largest share of the global market
The key players in the market are Emerson Electric Company (U.S.), IPG Photonics (U.S.), TRUMPF Group (Germany), FANUC Robotics (Japan), Golden Laser (China), GSI Group Inc. (U.S.), JENOPTIK AG. (Germany), Laser Star Technologies Corporation (U.S.).
The fiber LWM category dominated the market in 2022.
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