PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1510425
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1510425
Laser Processing Equipment Market Size - By Technology Type, By Process Type, By Function Type, By End User & Forecast, 2024 - 2032
Global Laser Processing Equipment Market will grow at 9% CAGR during 2024-2032, driven by increasing demand for high-precision machining solutions, advancements in laser technology, and integration of Industry 4.0 technologies.
According to Zipdo, by 2025, approximately 37% of factory work time is potentially automatable, with 34% of major industrial firms intending to implement advanced robotics in their manufacturing operations. With industries seeking to streamline production, enhance efficiency, and reduce labor costs, there's a growing demand for automated solutions.
Laser processing equipment plays a pivotal role in this scenario, offering the high precision and versatility required for automated manufacturing processes. Moreover, the integration of Industry 4.0 technologies, including robotics and artificial intelligence, further accelerates the adoption of laser processing equipment for automated production lines. As manufacturers strive to optimize their operations and remain competitive in the global market, the demand for laser processing equipment as a key component of automated manufacturing continues to rise.
The Laser Processing Equipment industry is classified based on technology type, process type, function type, end-user, and region.
The CO2 technology segment is poised to grow appreciably through 2032, owing to its versatility, offering capabilities ranging from cutting and engraving to welding and surface treatment. These lasers are valued in applications requiring high-power output and excellent beam quality, such as metal processing and semiconductor manufacturing. Moreover, ongoing advancements in CO2 laser technology, including the development of high-performance resonators and beam delivery systems, further bolster their adoption across diverse industrial verticals.
The Laser Processing Equipment market share from the welding segment will grow swiftly between 2024 and 2032, as it offers numerous advantages over traditional welding methods, including higher precision, reduced heat-affected zones, and enhanced weld quality. These advantages make laser welding well-suited for delicate or intricate welding tasks in industries such as automotive, electronics, and medical devices. Additionally, the ability of laser welding systems to accommodate a wide range of materials, including metals, plastics, and composites, further expands their utility across diverse manufacturing sectors.
Asia Pacific Laser Processing Equipment Industry will register decent growth over 2024-2032, driven by a burgeoning manufacturing sector, particularly in countries like China, Japan, and South Korea. Additionally, rapid industrialization, infrastructure development, and increasing investments in automotive and electronics manufacturing further stimulate market growth in the region. Moreover, government initiatives aimed at promoting technological innovation and industrial modernization are fostering the adoption of laser processing equipment across various end-user industries in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Raw material analysis
- 3.3 Regulatory landscape
- 3.4 Impact forces
- 3.4.1 Growth drivers
- 3.4.1.1 Advancements in laser technology
- 3.4.1.2 Growing demand for high-quality and precision manufacturing
- 3.4.1.3. Rising adoption of additive manufacturing (3 D printing)
- 3.4.2 Industry pitfalls & challenges
- 3.4.2.1 High initial investment
- 3.4.2.2 Operating costs
- 3.4.1 Growth drivers
- 3.5 Consumer buying behavior analysis
- 3.5.1 Demographic trends
- 3.5.2 Factors affecting buying decision
- 3.5.3 Consumer product adoption
- 3.5.4 Preferred distribution channel
- 3.6 Growth potential analysis
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Market Estimates & Forecast, By Technology Type, 2018-2032, (USD Billion; Million Units)
- 5.1 Key trends
- 5.2 Fiber lasers
- 5.3 CO2
- 5.4 Solid state
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Process Type, 2018-2032, (USD Billion; Million Units)
- 6.1 Key trends
- 6.2 Cutting & drilling
- 6.3 Welding
- 6.4 Marking & engraving
- 6.5 Punching & micromachining
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Function Type, 2018-2032, (USD Billion; Million Units)
- 7.1 Key trends
- 7.2 Semi-automatic
- 7.3 Robotic
Chapter 8 Market Estimates & Forecast, By End User, 2018-2032, (USD Billion; Million Units)
- 8.1 Key trends
- 8.2 Automotive
- 8.3 Metal & fabrication
- 8.4 Electronics
- 8.5 Energy & power
- 8.6 Others
Chapter 9 Market Estimates & Forecast, By Region, 2018-2032, (USD Billion; Million Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Rest of North America
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Malaysia
- 9.4.7 Indonesia
- 9.4.8 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Concept Laser
- 10.2 Control Micro Systems
- 10.3 Epilog Laser
- 10.4 eurolaser
- 10.5 Hanslaser
- 10.6 Hgtech
- 10.7 IPG Photonics Corporation
- 10.8 Jenoptik
- 10.9 Laser Systems
- 10.10 Lumentum
- 10.11 Newport Corporation
- 10.12 Rofin-Sinar Technologies
- 10.13 TRUMPF
- 10.14 Universal Laser Systems
- 10.15 Vermont
