Global Laser Material Processing Market Growth 2023-2029

Global Laser Material Processing Market Growth 2023-2029

Laser Material Processing is a laser processing and laser integrated system. The traditionally used tools are easy to wear and break, but laser welding, cutting, drilling and marking do not have any mechanical contact, so they can ensure stable performance. This report mainly studies laser automation market, which includes laser cutting machine, laser marking machine, laser welding machine, precision laser processing system and etc.

LPI (LP Information)' newest research report, the “Laser Material Processing Industry Forecast” looks at past sales and reviews total world Laser Material Processing sales in 2022, providing a comprehensive analysis by region and market sector of projected Laser Material Processing sales for 2023 through 2029. With Laser Material Processing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Laser Material Processing industry.

This Insight Report provides a comprehensive analysis of the global Laser Material Processing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Laser Material Processing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Laser Material Processing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Laser Material Processing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Laser Material Processing.

The global Laser Material Processing market size is projected to grow from US$ 20720 million in 2022 to US$ 55950 million in 2029; it is expected to grow at a CAGR of 55950 from 2023 to 2029.

The global top three laser material processing manufacturers have a market share of more than 20%, and the largest manufacturer is Han's Laser, which has a market share of more than 10%. The Asia-Pacific region is the global most important laser material processing consumer market, with a sales share of more than 45%. In terms of type, the market share of laser cutting machines is over 30%. In the application field, the market share of the automotive industrial accounts for about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Laser Material Processing market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Laser Cutting Machine
Laser Marking Machine
Laser Welding Machine
Precision Laser Processing System
Others

Segmentation by application
Automotive
Semiconductor & Electronics
Packaging
Machine Industry
Aerospace & Defense
Food & Medicine
Oil & Gas
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Han's Laser
Trumpf
Bystronic
Coherent
Amada
Mazak
HGTECH
Trotec
Prima Power
Mitsubishi Electric
Jinan Bodor
Hymson Laser
HSG Laser
DR Laser
Quick Laser
Chutian Laser
Lead Laser
Gravotech
LVD Group
Tianqi Laser
Videojet Technologies Inc.
IPG Photonics
Tanaka
Cincinnati
CTR Lasers
Koike
FOBA (ALLTEC GmbH)
JiangSu YAWEI
United Winners Laser
Golden Laser

Key Questions Addressed in this Report

What is the 10-year outlook for the global Laser Material Processing market?

What factors are driving Laser Material Processing market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Laser Material Processing market opportunities vary by end market size?

How does Laser Material Processing break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.