Laser Welding Machine Market to Reach Value of USD 246.50 million by 2024, AMADA HOLDINGS Co. Ltd. and Coherent Inc. Emerge as a Key Contributors to Growth | Technavio
Technavio has been monitoring the laser welding machine market and it is poised to grow by USD 246.50 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
What are the major trends in the market?
Impact of additive manufacturing is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 246.50 million.
Who are the top players in the market?
AMADA HOLDINGS Co. Ltd., Coherent Inc., Emerson Electric Co., FANUC Corp., IPG Photonics Corp., Jenoptik AG, Laserline GmbH, Laserstar Technologies Corp., Perfect Laser Co. Ltd., and TRUMPF GmbH + Co. KG. are some of the major market participants.
What are the key market drivers and challenges?
Benefits of laser welding is one of the major factors driving the market. However, the dearth of skilled labor restraints the market growth.
How big is the APAC market?
The APAC region will contribute 54% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMADA HOLDINGS Co. Ltd., Coherent Inc., Emerson Electric Co., FANUC Corp., IPG Photonics Corp., Jenoptik AG, Laserline GmbH, Laserstar Technologies Corp., Perfect Laser Co. Ltd., and TRUMPF GmbH + Co. KG are some of the major market participants. The benefits of laser welding will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The laser welding machine market report covers the following areas:
Laser Welding Machine Market Size
Laser Welding Machine Market Trends
Laser Welding Machine Market Analysis
This study identifies impact of additive manufacturing as one of the prime reasons driving the laser welding machine market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist laser welding machine market growth during the next five years
Estimation of the laser welding machine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the laser welding machine market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of laser welding machine market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 ? 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Technology
Market segments
Comparison by Technology
Fiber laser - Market size and forecast 2019-2024
Solid-state laser - Market size and forecast 2019-2024
CO2 laser - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Technology
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Competitive scenario
Vendor Analysis
Vendors covered
Market positioning of vendors
AMADA HOLDINGS Co. Ltd.
Coherent Inc.
Emerson Electric Co.
FANUC Corp.
IPG Photonics Corp.
Jenoptik AG
Laserline GmbH
Laserstar Technologies Corp.
Perfect Laser Co. Ltd.
TRUMPF GmbH + Co. KG
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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