Laser Welding Machine Market to Reach USD 1.39 Billion by 2031 Driven by Growing Demand Across Industries

The SNS Insider report forecasts the Laser Welding Machine Market Size to reach USD 1.39 Billion by 2031, growing at a CAGR of 4.81% from 2024 to 2031, and the value of Market in 2023 was USD 0.96 billion. This growth is attributed to the rising demand for laser welding machines in various end-user industries such as medical device, automotive, heavy equipment, and construction.

Download Sample Copy of Report: 

Some of the Major Key Players in this Report:

  • Emerson Electric Company
  • IPG Photonics
  • R. Lasertechnologie
  • TRUMPF Group
  • Amada Miyachi Co., Ltd
  • FANUC Robotics
  • Golden Laser
  • GSI Group, Inc.
  • LaserStar Technologies Corporation.

Growing Demand Across Industries Fuels Market Expansion

The laser welding machine market growth is driven by the increasing adoption of this technology in various industries. Laser welding offers Various advantages over traditional welding methods, including higher precision, minimal heat distortion, and faster welding speeds. These advantages are leading manufacturers to shift towards laser welding, propelling the market forward. Laser welding machines offer Various benefits over traditional methods. They are easy to use, generate minimal scrap, and can weld a wide range of materials, including aluminium, stainless steel, and high-strength steel. These machines enable automation in the welding process, significantly increasing production volume. These advantages are making laser welding machines increasingly popular across various industries.

Technological Advancements and Automotive Industry Boom to Propel Market Growth

The market is further Driven by advancements in laser welding techniques and the growing automotive sector. The development of new generation vehicles with lightweight materials presents huge opportunities for the laser welding machine market. the shift from traditional welding methods to laser welding due to a shortage of skilled labour is another key driver. Laser welding machines are easier to operate and require less expertise compared to traditional methods, making them a viable option for manufacturers facing skilled labour shortages.

The use of lasers in automotive manufacturing has growing at a significant rise in recent years. High welding speeds and reduced cycle times are important factors in today’s automotive industry, where the total length of laser-welded seams can exceed 50 meters per car.  Laser welding offers distinct advantages over conventional methods, including the ability to perform both heat conduction and deep penetration welding. The Growing production of electric vehicles and the need for lightweight materials further Drive the demand for laser welding machines in the automotive sector. Advancements in fibre laser technology, such as high-power continuous-wave and pulsed fibre lasers, are expanding the application areas of laser welding machines, Drive market growth.

AI and Machine Learning Revolutionizing Laser Welding

The integration of artificial intelligence (AI) and machine learning (ML) into laser welding machines is another significant trend shaping the market. These technologies optimize welding parameters Such as laser power, speed, focus position, and beam shape, leading to improved weld quality, reduced defects, and higher efficiency. Additionally, AI and ML enable real-time monitoring and control, further Improve the process. The integrating AI and ML facilitates predictive maintenance and fault detection, minimizing downtime and maximizing operational efficiency. By analysing sensor data, AI algorithms can detect anomalies, predict potential failures, and recommend maintenance actions. This proactive approach helps manufacturers optimize machine uptime and reduce maintenance costs.

Recent Developments

May 2022: HELD Industries GmbH, a leading provider of precision laser cutting and welding systems, was acquired by INDUS Holding AG. This move aims to expand HELD’s business sectors and international reach. Notably, their laser welding technology for H2 electrodes presents exciting growth prospects in the hydrogen electrolysis industry.

February 2022: NLight, a manufacturer of fiber lasers, acquired Plasmo Industrietechnik to bolster its offering. Plasmo’s expertise in machine vision and analysis technologies will enhance NLight’s industrial laser product line.

Segment Analysis

By technology, the fibre LWM segment leading the charge due to its high efficiency and superior performance. Fiber lasers utilize fibre optics to generate laser beams, resulting in exceptional beam quality and high-power density. The CO2 laser technology segment is anticipated to register significant growth during the forecast period.  CO2 lasers offer a higher absorption rate in specific materials, particularly non-metals and organic materials, making them suitable for applications Such As plastic welding. Additionally, CO2 lasers boast versatility, capable of welding both metals and non-metals, making them ideal for industries working with diverse materials.

  • Fiber Laser Welding Machine
  • Solid-State Laser Welding Machine
  • Co2 Laser Welding Machine

By end user, the Electronics segment held a dominant market share in 2023, More than 32%. The persistent demand for miniaturized and compact electronic devices is a key driver.  Laser welding machines provide precise and controlled welding, enabling the joining of tiny electronic components with high accuracy.

  • Automotive
  • Electronics
  • Medical
  • Jewelry Industry
  • Tool and Mold-Making
  • Others

Enquiry Before Buy: 

Impact of global Disruptions

Russia and Ukraine are Major suppliers of raw materials Such as neon gas, a critical component in fibre lasers. The conflict has hampered the export of these materials, increase the shortages. This disrupts the production of fibre laser welding machines market. The war has result to increase in energy prices, impacting the manufacturing costs of laser welding machines. The European market, a major consumer of laser welding machines, is likely to be most affected by the war due to its proximity to the conflict zone and its reliance on raw materials from the region.

A potential global economic slowdown could also impact the laser welding machine market, during an economic downturn, businesses might postpone or reduce capital expenditures, impacting their investments in new laser welding machines.  A slowdown can lead to a decline in demand for manufactured goods across various industries that utilize laser welding machines.

Key Regional Developments

The Europe Region Dominates the Market with holding the largest market share due to its established automotive sector and focus on technological advancements. However, the Russia-Ukraine war might pose challenges in the short term. The Asia Pacific region is expected to witness the fastest growth due to factors Such as rising industrialization, increasing awareness of laser welding technology, and a booming automotive industry, particularly in China.

Key Takeaways from the Laser Welding Machine Market Report

The report highlights the significant growth potential of the laser welding machine market driven by factors Such as Increasing demand across industries, technological advancements, and the trend towards miniaturization in electronics.

The report analyses the impact of disruptions Such as the Russia-Ukraine war and potential economic slowdowns on the market, including supply chain disruptions, price fluctuations, and changes in investment patterns.

The report provides insights into key regional trends.

The report offers a comprehensive perspective on the current and future landscape of the laser welding machine market, considering both growth drivers and potential challenges.

Buy Complete Report: 

Contact Us:

Akash Anand – Head of Business Development & Strategy

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)