The global laser welding equipment market size reached USD 2,761.4 million in 2023. Over the forecast period, laser welding equipment demand is anticipated to rise at 5.7% CAGR. Total market value is predicted to increase from USD 2,899.1 million in 2024 to USD 5,070.6 million by 2034.
Laser welding machines are experiencing heightened demand in the electronics and semiconductor industries, emerging as indispensable tools for precision manufacturing. Their quality of precision is highly valued in the tech world. The recent analysis shows that the fiber laser is projected to thrive at 5.7% CAGR during the assessment period.
Attributes | Key Insights |
---|---|
Estimated Market Value (2024) | USD 2,899.1 million |
Forecast Market Revenue (2034) | USD 5,070.6 million |
Value-based Market CAGR (2024 to 2034) | 5.7% |
Market to Expand Nearly 1.7X through 2034
The demand for laser welding equipment is predicted to expand around 1.7X through 2034, amid a 3.3% increase in expected CAGR compared to the historical one. This is due to the increasing demand for high-precision, automated, and non-contact welding solutions across industries.
The demand for high-precision and accurate welding solutions, especially in industries like electronics, automotive, and medical, is raising the adoption of advanced technology laser welding machines.
The emerging trend towards automation in manufacturing processes further boosts the appeal of laser welding equipment, as it seamlessly integrates with automated systems, resulting in improved efficiency and productivity. By 2034, the total market revenue is set to reach USD 5,070.6 million.
East Asia Leads the Laser Welding Equipment Industry, with a Projected Share of 31.8% by the Year 2034
As per the analysis, East Asia is expected to retain its dominance in the laser welding equipment market over the forecast period. The East Asia region is poised to emerge as a frontrunner in driving the demand for laser welding equipment. East Asia's prominence in the market can be attributed to several factors contributing to its robust growth:
Key Market Dynamics
Key Factors Restraining the Market Growth
Global sales of laser welding equipment recorded a CAGR of 2.5% between 2019 and 2023. Total market revenue reached about USD 2,761.4 million in 2023. In the forecast period, the worldwide laser welding equipment industry is set to thrive at a CAGR of 5.7%.
The market witnessed moderate growth between 2019 and 2023 due to rising awareness of the benefits of using laser welding equipment to optimize processes and reduce manual errors.
During the Covid-19 pandemic, the significance of laser welding machines became pronounced as they played a pivotal role in the rapid production of essential medical equipment. From manufacturing ventilators to diagnostic devices, the precision and efficiency offered by laser welding technology proved crucial in meeting the heightened demand for critical medical apparatus.
The non-contact nature of laser welding also ensured the production of high-quality components, contributing to manufacturers' swift response to the evolving needs of the healthcare industry.
Historical CAGR (2019 to 2023) | 2.5% |
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Forecast CAGR (2024 to 2034) | 5.7% |
The anticipated consistent growth of the market to reach a valuation of USD 5,070.6 million by 2034 is attributed to a combination of factors.
The below table shows the estimated growth rates of the top countries. South Korea, India, and Japan are set to record higher CAGRs of 7.1%, 6.4%, and 6.6%, respectively, through 2034.
Countries | Laser Welding Equipment CAGR (2024 to 2034) |
---|---|
South Korea | 7.1% |
India | 6.4% |
Japan | 6.6% |
China | 6.1% |
United Kingdom | 4.4% |
United States | 4.1% |
The United States laser welding equipment market size is projected to reach USD 516.6 million by 2034. Over the assessment period, equipment demand in the United States is set to rise at 4.1% CAGR.
The market is experiencing dynamic growth and innovation, propelled by a confluence of factors driving advancements in industrial welding technologies.
The demand for laser welding equipment solutions is exhibiting an upswing in the United Kingdom. Leading factors that are impelling these equipment sales are:
Market revenue generated by the sales of laser welding equipment in the United Kingdom is expected to rise at a 4.4% CAGR through this period.
The laser welding equipment market in China is experiencing a consistent surge, propelled by the nation's rapid industrialization and notable technological advancements. As a key player in the global manufacturing landscape, China's embrace of laser welding technology reflects a strategic shift towards precision and efficiency in industrial processes. The demand for high-precision welding solutions in sectors such as automotive, electronics, and aerospace is a driving force behind this surge.
Sales of laser welding equipment in China are projected to soar at a CAGR of around 6.1% during the assessment period. Total valuation in the country is anticipated to reach USD 514.9 million by 2034.
India's manufacturing landscape is witnessing a remarkable surge in the adoption of laser welding equipment, marking a significant shift towards advanced and precise welding technologies. The dynamic growth is fueled by the country's expanding industrial sector, where laser welding is playing a pivotal role in enhancing efficiency and product quality.
The laser welding equipment market value in India is anticipated to total USD 163.2 million by 2034. Over the forecast period, laser welding equipment demand in the country is set to increase at a robust CAGR of 6.4%.
The South Korea market is anticipated to amount to USD 108.6 million by 2034. The market is predicted to register a CAGR of 7.1% through 2034. Top factors driving the industry are:
Top Segment (Technology) | Fiber Laser |
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Forecast CAGR (2024 to 2034) | 5.4% |
The laser welding equipment industry witnesses a notable dominance in the fiber laser technology segment, underscoring its pivotal role and widespread influence. Fiber laser technology has emerged as a frontrunner in the market, owing to its superior performance and versatility. This segment's dominance is evident in its ability to provide high-quality, precise, and efficient welding solutions across various industries.
Integration of fiber lasers with automated systems, compact design, and cost-effectiveness solidify their dominance in the laser welding equipment landscape. As industries increasingly prioritize advanced and efficient welding processes, the fiber laser technology segment remains at the forefront, shaping the trajectory of the overall market.
Over the forecast period, demand for fiber lasers is forecast to rise at a CAGR of 5.4% CAGR. By 2034, the target segment is estimated to reach USD 2,091.2 million.
Top Segment (End Use) | Automotive |
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Forecast CAGR (2024 to 2034) | 4.4% |
The demand for laser welding equipment in the automotive sector is poised to remain steady, exemplifying its crucial role in advancing manufacturing processes within the industry. Laser welding technology has become integral to automotive manufacturing due to its ability to deliver high-precision and efficient welding solutions.
As per the recent market report, the automotive segment is projected to thrive at 4.4% CAGR during the forecast period. It is set to attain a valuation of USD 1,398.7 million by 2034.
The global laser welding equipment market is fragmented, with leading players accounting for about 25% to 30% of the share. IPG Photonics Corp., TRUMPF Group., AMADA Co. Ltd., Coherent Corp., Emerson Electric Co., Huagong Tech Co. Ltd., and United Winners Laser Co. are the leading manufacturers and suppliers listed in the report.
Key laser welding equipment companies are investing in research and development to produce new products and increase their production capacity to meet end-user demand. They are also showing an inclination toward adopting strategies, including acquisitions, partnerships, mergers, and facility expansions, to strengthen their footprint.
Recent Developments
Table 01: Global Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 02: Global Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 03: Global Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 04: Global Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 05: Global Market Size Volume (Units) Analysis and Forecast By Region, 2019 to 2034
Table 06: Global Market Size (US$ Million) Analysis and Forecast By Region, 2019 to 2034
Table 07: North America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 08: North America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 09: North America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 10: North America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 11: Latin America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 12: Latin America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 13: Latin America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 14: Latin America Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 15: East Asia Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 16: East Asia Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 17: East Asia Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 18: East Asia Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 19: South Asia Pacific Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 20: South Asia Pacific Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 21: South Asia Pacific Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 22: South Asia Pacific Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 23: Western Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 24: Western Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 25: Western Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 26: Western Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 27: Eastern Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 28: Eastern Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 29: Eastern Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 30: Eastern Europe Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Table 31: Middle East and Africa Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Technology, 2019 to 2034
Table 32: Middle East and Africa Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Operation, 2019 to 2034
Table 33: Middle East and Africa Market Size (US$ Million) and Volume (Units) Analysis and Forecast By Function, 2019 to 2034
Table 34: Middle East and Africa Market Size (US$ Million) and Volume (Units) Analysis and Forecast By End Use, 2019 to 2034
Figure 01: Global Market Historical Volume (Units), 2019 to 2023
Figure 02: Global Market Current and Forecast (Volume ), 2024 to 2034
Figure 03: Global Historical Market Size (US$ Million) (2019 to 2023)
Figure 04: Global Value (US$ Million) Forecast, 2024 to 2034
Figure 05: Global Absolute $ Opportunity, 2019 to 2024 and 2034
Figure 06: Global Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 07: Global Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 08: Global Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 09: Global Market Absolute $ Opportunity by Solid State Laser Segment, 2019 to 2034
Figure 10: Global Market Absolute $ Opportunity by Gas Laser Segment, 2019 to 2034
Figure 11: Global Market Absolute $ Opportunity by Fiber Laser Segment, 2019 to 2034
Figure 12: Global Market Absolute $ Opportunity by Diode Laser Segment, 2019 to 2034
Figure 13: Global Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 14: Global Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 15: Global Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 16: Global Market Absolute $ Opportunity by Manual Segment, 2019 to 2034
Figure 17: Global Market Absolute $ Opportunity by Semi-Automatic Segment, 2019 to 2034
Figure 18: Global Market Absolute $ Opportunity by Automatic Segment, 2019 to 2034
Figure 19: Global Market Share and BPS Analysis By Function, 2024 & 2034
Figure 20: Global Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 21: Global Market Attractiveness Analysis By Function, 2024 to 2034
Figure 22: Global Market Absolute $ Opportunity by Spot & Seam Welding Segment, 2019 to 2034
Figure 23: Global Market Absolute $ Opportunity by Deposition Welding Segment, 2019 to 2034
Figure 24: Global Market Absolute $ Opportunity by Profile Welding Segment, 2019 to 2034
Figure 25: Global Market Absolute $ Opportunity by Scanner Welding Segment, 2019 to 2034
Figure 26: Global Market Absolute $ Opportunity by Hybrid Welding Segment, 2019 to 2034
Figure 27: Global Market Absolute $ Opportunity by Other Functions Segment, 2019 to 2034
Figure 28: Global Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 29: Global Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 30: Global Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 31: Global Market Absolute $ Opportunity by Automotive Segment, 2019 to 2034
Figure 32: Global Market Absolute $ Opportunity by Electronics Segment, 2019 to 2034
Figure 33: Global Market Absolute $ Opportunity by Healthcare Segment, 2019 to 2034
Figure 34: Global Market Absolute $ Opportunity by Construction Segment, 2019 to 2034
Figure 35: Global Market Absolute $ Opportunity by Oil & Gas Segment, 2019 to 2034
Figure 36: Global Market Absolute $ Opportunity by Industrial Fabrication & Engineering Segment, 2019 to 2034
Figure 37: Global Market Absolute $ Opportunity by Jewelry Industry Segment, 2019 to 2034
Figure 38: Global Market Absolute $ Opportunity by Others Segment, 2019 to 2034
Figure 39: Global Market Share and BPS Analysis By Region, 2024 & 2034
Figure 40: Global Market Y-o-Y Growth Projections By Region, 2024 to 2034
Figure 41: Global Market Attractiveness Analysis By Region, 2024 to 2034
Figure 42: Global Market Absolute $ Opportunity by North America Segment, 2019 to 2034
Figure 43: Global Market Absolute $ Opportunity by Latin America Segment, 2019 to 2034
Figure 44: Global Market Absolute $ Opportunity by East Asia Segment, 2019 to 2034
Figure 45: Global Market Absolute $ Opportunity by South Asia Pacific Segment, 2019 to 2034
Figure 46: Global Market Absolute $ Opportunity by Western Europe Segment, 2019 to 2034
Figure 47: Global Market Absolute $ Opportunity by Eastern Europe Segment, 2019 to 2034
Figure 48: Global Market Absolute $ Opportunity by Middle East and Africa Segment, 2019 to 2034
Figure 49: North America Market Share and BPS Analysis By Country, 2024 & 2034
Figure 50: North America Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 51: North America Market Attractiveness Analysis By Country, 2024 to 2034
Figure 52: North America Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 53: North America Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 54: North America Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 55: North America Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 56: North America Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 57: North America Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 58: North America Market Share and BPS Analysis By Function, 2024 & 2034
Figure 59: North America Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 60: North America Market Attractiveness Analysis By Function, 2024 to 2034
Figure 61: North America Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 62: North America Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 63: North America Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 64: Latin America Market Share and BPS Analysis By Country, 2024 & 2034
Figure 65: Latin America Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 66: Latin America Market Attractiveness Analysis By Country, 2024 to 2034
Figure 67: Latin America Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 68: Latin America Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 69: Latin America Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 70: Latin America Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 71: Latin America Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 72: Latin America Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 73: Latin America Market Share and BPS Analysis By Function, 2024 & 2034
Figure 74: Latin America Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 75: Latin America Market Attractiveness Analysis By Function, 2024 to 2034
Figure 76: Latin America Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 77: Latin America Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 78: Latin America Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 79: East Asia Market Share and BPS Analysis By Country, 2024 & 2034
Figure 80: East Asia Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 81: East Asia Market Attractiveness Analysis By Country, 2024 to 2034
Figure 82: East Asia Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 83: East Asia Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 84: East Asia Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 85: East Asia Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 86: East Asia Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 87: East Asia Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 88: East Asia Market Share and BPS Analysis By Function, 2024 & 2034
Figure 89: East Asia Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 90: East Asia Market Attractiveness Analysis By Function, 2024 to 2034
Figure 91: East Asia Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 92: East Asia Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 93: East Asia Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 94: South Asia Pacific Market Share and BPS Analysis By Country, 2024 & 2034
Figure 95: South Asia Pacific Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 96: South Asia Pacific Market Attractiveness Analysis By Country, 2024 to 2034
Figure 97: South Asia Pacific Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 98: South Asia Pacific Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 99: South Asia Pacific Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 100: South Asia Pacific Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 101: South Asia Pacific Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 102: South Asia Pacific Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 103: South Asia Pacific Market Share and BPS Analysis By Function, 2024 & 2034
Figure 104: South Asia Pacific Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 105: South Asia Pacific Market Attractiveness Analysis By Function, 2024 to 2034
Figure 106: South Asia Pacific Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 107: South Asia Pacific Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 108: South Asia Pacific Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 109: Western Europe Market Share and BPS Analysis By Country, 2024 & 2034
Figure 110: Western Europe Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 111: Western Europe Market Attractiveness Analysis By Country, 2024 to 2034
Figure 112: Western Europe Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 113: Western Europe Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 114: Western Europe Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 115: Western Europe Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 116: Western Europe Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 117: Western Europe Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 118: Western Europe Market Share and BPS Analysis By Function, 2024 & 2034
Figure 119: Western Europe Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 120: Western Europe Market Attractiveness Analysis By Function, 2024 to 2034
Figure 121: Western Europe Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 122: Western Europe Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 123: Western Europe Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 124: Eastern Europe Market Share and BPS Analysis By Country, 2024 & 2034
Figure 125: Eastern Europe Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 126: Eastern Europe Market Attractiveness Analysis By Country, 2024 to 2034
Figure 127: Eastern Europe Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 128: Eastern Europe Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 129: Eastern Europe Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 130: Eastern Europe Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 131: Eastern Europe Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 132: Eastern Europe Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 133: Eastern Europe Market Share and BPS Analysis By Function, 2024 & 2034
Figure 134: Eastern Europe Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 135: Eastern Europe Market Attractiveness Analysis By Function, 2024 to 2034
Figure 136: Eastern Europe Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 137: Eastern Europe Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 138: Eastern Europe Market Attractiveness Analysis By End Use, 2024 to 2034
Figure 139: Middle East and Africa Market Share and BPS Analysis By Country, 2024 & 2034
Figure 140: Middle East and Africa Market Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 141: Middle East and Africa Market Attractiveness Analysis By Country, 2024 to 2034
Figure 142: Middle East and Africa Market Share and BPS Analysis By Technology, 2024 & 2034
Figure 143: Middle East and Africa Market Y-o-Y Growth Projections By Technology, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness Analysis By Technology, 2024 to 2034
Figure 145: Middle East and Africa Market Share and BPS Analysis By Operation, 2024 & 2034
Figure 146: Middle East and Africa Market Y-o-Y Growth Projections By Operation, 2024 to 2034
Figure 147: Middle East and Africa Market Attractiveness Analysis By Operation, 2024 to 2034
Figure 148: Middle East and Africa Market Share and BPS Analysis By Function, 2024 & 2034
Figure 149: Middle East and Africa Market Y-o-Y Growth Projections By Function, 2024 to 2034
Figure 150: Middle East and Africa Market Attractiveness Analysis By Function, 2024 to 2034
Figure 151: Middle East and Africa Market Share and BPS Analysis By End Use, 2024 & 2034
Figure 152: Middle East and Africa Market Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 153: Middle East and Africa Market Attractiveness Analysis By End Use, 2024 to 2034
The global market is estimated to be valued at USD 2,899.1 million in 2024.
Global laser welding equipment demand is anticipated to rise at 5.7% CAGR.
The global laser welding equipment market size is set to reach USD 5,070.6 million by 2034.
Fiber Laser is estimated to register a growth of 5.4% through 2034
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