Laser Processing Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Laser Processing Equipment Market
The Laser Processing Equipment Market size was valued at USD 22.4 billion in 2022 and is projected to grow from USD 24.1 billion in 2023 to USD 48.2 billion by 2030, exhibiting a CAGR of 10.4% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted worldwide supply chains, causing delays in production and transport of laser processing device. Lockdowns and regulations slowed industrial activities, particularly in automobile, aerospace, and electronics, which might be key give up-customers. However, demand for laser-based clinical gadgets surged, in part offsetting the decline. Additionally, as organizations followed faraway tracking solutions and automation, the marketplace gradually recovered. Post-pandemic recuperation efforts have pushed investments in clever production, supporting the marketplace’s rebound.
A incredible fashion is the combination of AI and gadget getting to know into laser processing system. These advancements decorate precision and performance by means of enabling predictive renovation and automated operations. Smart laser structures are more and more used in industries like car and client electronics for reducing and welding complex materials. Furthermore, the shift towards electric powered vehicles (EVs) has spurred call for for superior laser technologies in battery production, making sure excellent and high-pace production.
The growing adoption of Industry 4.Zero practices, emphasizing automation and digitalization, is a key driver for the laser processing gadget market. Manufacturers are leveraging laser technology for his or her accuracy, pace, and minimal waste, aligning with smart manufacturing unit dreams. Sectors like electronics and healthcare are more and more relying on laser structures for particular slicing, marking, and engraving packages. Additionally, environmental rules pushing for strength-efficient production have in addition multiplied the use of laser-based solutions, as they offer reduced operational charges and minimal environmental impact.
Comprehensive Analysis of Laser Processing Equipment Market
The Laser Processing Equipment Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by technology, by process type, by function type, by end users. By Technology Type include Fiber Lasers, CO2, Solid State, Others (Semiconductor). By Process Type include Cutting & Drilling, Welding, Marking & Engraving, Punching & Micro Machining, Others (Heat Treatment). By Function Type include Semi-Automatic, Robotic .By End Users include Automotive, Metal & Fabrication, Electronics, Energy & Power, Others (Medical).
The Asia Pacific location lead the Laser Processing Equipment Market share percentage via benefitting a marketplace size of USD 70.6 million The global laser processing equipment industry is growing extensively due to a large consumer base, rise in the consumption of finished goods, and strong use of automation in automotive and metal fabrication industries.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
February 2023: xTool, a U.S. Based totally laser device producer, has launched a particular and effective 40W laser module with effective talents. The gadget gives a unique laser reduce and extremely-precision engraving capabilities.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 10.4% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Technology Type
Fiber Lasers
CO2
Solid State
Others (Semiconductor)
By Process Type
Cutting & Drilling
Welding
Marking & Engraving
Punching & Micro Machining
Others (Heat Treatment)
By Function Type
Semi-Automatic
Robotic
By End Users
Automotive
Metal & Fabrication
Electronics
Energy & Power
Others (Medical)
By Region
North Ameirica (Technology Type, Process Type, Function Type, End Users, and By Country)
U.S. (By End Users)
Canada (By End Users)
Mexico (By End Users)
Europe (Technology Type, Process Type, Function Type, End Users, and By Country)
U.K. (By End Users)
Germany (By End Users)
France (By End Users)
Italy (By End Users)
Spain (By End Users)
Russia (By End Users)
Rest of Europe
Asia Pacific (Technology Type, Process Type, Function Type, End Users, and By Country)
China (By End Users)
India (By End Users)
Japan (By End Users)
South Korea (By End Users)
ASEAN (By End Users)
Rest of Asia Pacific
Middle East & Africa (Technology Type, Process Type, Function Type, End Users, and By Country)
Israel (By End Users)
GCC (By End Users)
South Africa (By End Users)
Rest of Middle East & Africa
South America (Technology Type, Process Type, Function Type, End Users, and By Country)
Brazil (By End Users)
Argentina (By End Users)
Rest of South America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Laser Processing Equipment Key Players Market Share/Ranking, 2022
- 5. Global Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Technology Type (USD)
- 5.2.1. Fiber Lasers
- 5.2.2. CO2
- 5.2.3. Solid State
- 5.2.4. Others (Yag)
- 5.3. By Process Type (USD)
- 5.3.1. Cutting & Drilling
- 5.3.2. Welding
- 5.3.3. Marking & Engraving
- 5.3.4. Punching & Micro Machining
- 5.3.5. Others (Heat Treatment)
- 5.4. By Function Type
- 5.4.1. Semi-Automatic
- 5.4.2. Robotic
- 5.5. By End User (USD)
- 5.5.1. Automotive
- 5.5.2. Metal & Fabrication
- 5.5.3. Electronics
- 5.5.4. Energy & Power
- 5.5.5. Others (Medical)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Middle East & Africa
- 5.6.5. South America
- 6. North America Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Technology Type (USD)
- 6.2.1. Fiber Lasers
- 6.2.2. CO2
- 6.2.3. Solid State
- 6.2.4. Others (Yag)
- 6.3. By Process Type (USD)
- 6.3.1. Cutting & Drilling
- 6.3.2. Welding
- 6.3.3. Marking & Engraving
- 6.3.4. Punching & Micro Machining
- 6.3.5. Others (Heat Treatment)
- 6.4. By Function Type
- 6.4.1. Semi-Automatic
- 6.4.2. Robotic
- 6.5. By End User (USD)
- 6.5.1. Automotive
- 6.5.2. Metal & Fabrication
- 6.5.3. Electronics
- 6.5.4. Energy & Power
- 6.5.5. Others (Medical)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.2. Canada
- 6.6.3. Mexico
- 7. Europe Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Technology Type (USD)
- 7.2.1. Fiber Lasers
- 7.2.2. CO2
- 7.2.3. Solid State
- 7.2.4. Others (Yag)
- 7.3. By Process Type (USD)
- 7.3.1. Cutting & Drilling
- 7.3.2. Welding
- 7.3.3. Marking & Engraving
- 7.3.4. Punching & Micro Machining
- 7.3.5. Others (Heat Treatment)
- 7.4. By Function Type
- 7.4.1. Semi-Automatic
- 7.4.2. Robotic
- 7.5. By End User (USD)
- 7.5.1. Automotive
- 7.5.2. Metal & Fabrication
- 7.5.3. Electronics
- 7.5.4. Energy & Power
- 7.5.5. Others (Medical)
- 7.6. By Country (USD)
- 7.6.1. United Kingdom
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
- 8. Asia Pacific Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Technology Type (USD)
- 8.2.1. Fiber Lasers
- 8.2.2. CO2
- 8.2.3. Solid State
- 8.2.4. Others (Yag)
- 8.3. By Process Type (USD)
- 8.3.1. Cutting & Drilling
- 8.3.2. Welding
- 8.3.3. Marking & Engraving
- 8.3.4. Punching & Micro Machining
- 8.3.5. Others (Heat Treatment)
- 8.4. By Function Type
- 8.4.1. Semi-Automatic
- 8.4.2. Robotic
- 8.5. By End User (USD)
- 8.5.1. Automotive
- 8.5.2. Metal & Fabrication
- 8.5.3. Electronics
- 8.5.4. Energy & Power
- 8.5.5. Others (Medical)
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. South Korea
- 8.6.5. ASEAN
- 8.6.6. Rest of Asia Pacific
- 9. Middle East & Africa Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Technology Type (USD)
- 9.2.1. Fiber Lasers
- 9.2.2. CO2
- 9.2.3. Solid State
- 9.2.4. Others (Yag)
- 9.3. By Process Type (USD)
- 9.3.1. Cutting & Drilling
- 9.3.2. Welding
- 9.3.3. Marking & Engraving
- 9.3.4. Punching & Micro Machining
- 9.3.5. Others (Heat Treatment)
- 9.4. By Function Type
- 9.4.1. Semi-Automatic
- 9.4.2. Robotic
- 9.5. By End User (USD)
- 9.5.1. Automotive
- 9.5.2. Metal & Fabrication
- 9.5.3. Electronics
- 9.5.4. Energy & Power
- 9.5.5. Others (Medical)
- 9.6. By Country (USD)
- 9.6.1. Israel
- 9.6.2. GCC
- 9.6.3. South Africa
- 9.6.4. Rest of MEA
- 10. South America Laser Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Technology Type (USD)
- 10.2.1. Fiber Lasers
- 10.2.2. CO2
- 10.2.3. Solid State
- 10.2.4. Others (Yag)
- 10.3. By Process Type (USD)
- 10.3.1. Cutting & Drilling
- 10.3.2. Welding
- 10.3.3. Marking & Engraving
- 10.3.4. Punching & Micro Machining
- 10.3.5. Others (Heat Treatment)
- 10.4. By Function Type
- 10.4.1. Semi-Automatic
- 10.4.2. Robotic
- 10.5. By End User (USD)
- 10.5.1. Automotive
- 10.5.2. Metal & Fabrication
- 10.5.3. Electronics
- 10.5.4. Energy & Power
- 10.5.5. Others (Medical)
- 10.6. By Country (USD)
- 10.6.1. Brazil
- 10.6.2. Argentina
- 10.6.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Trumpf
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Hans laser
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. HG Tech
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Bystronic
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Jinan Bodor CNC Machine Co., Ltd.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Amada
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Mazak
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Mitsubishi
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Epilog Laser
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Messer
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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