Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

Global Laser Welding Machine Market 2018-2022 | Additive Manufacturing to Propel Growth | Technavio

gbafNews28

The global laser welding machine market is expected to post a CAGR of over 5% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the growing benefits of laser welding over conventional welding. Laser welding offers several technical advantages, such as deep narrow welds, minimal distortion, and ease of automation, over conventional welding procedures. One of the key advantages of laser welding is its ability to automate the welding process, which helps in increasing the overall production rates. At present, laser welding is used in numerous different fields, from highly precise micro-welding of medical devices to small-scale manual welding in the dental and jewelry industries, via manufacture and repair of tools and dies, to fully automated laser welding in the automotive and heavy manufacturing sectors.

This market research report on the global laser welding machine market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the impact of additive manufacturing as one of the key emerging trends in the global laser welding machine market:

Global laser welding machine market: Impact of additive manufacturing

Additive manufacturing is the process of creating 3D objects using a digital file. In additive manufacturing, one by one, a product is created in thin layers. Additive manufacturing makes it is possible to manufacture products with complex geometries that would be difficult to achieve through conventional manufacturing techniques. Moreover, with additive manufacturing, material usage can be optimized, and wastage can be reduced. In the conventional manufacturing process, excess material is removed, which is later melted and reused, thus adding to the cost.

The use of additive manufacturing eliminates certain manufacturing processes such as cutting, bending, welding, and casting. Instead of investing in different manufacturing processes to manufacture a product in different stages. the manufacturers can produce the entire product using additive manufacturing. This will result in a significant reduction in raw material costs, capital costs, and the costs incurred in reclaiming the scrap material. Also, additive manufacturing can help in achieving fast design iterations. Therefore, further improvements in 3D printing technology and its increased adoption will lead to complete shift in manufacturing processes, says a senior analyst at Technavio for research on unit operations.

Global laser welding machine market: Segmentation analysis

This market research report segments the global laser welding machine market by technology (fiber laser, CO2 laser, and solid-state laser) and geographical regions (APAC, EMEA, and the Americas).

The fiber laser segment held the largest market share in 2017, accounting for nearly 63% of the market. This technology segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 46%. This region is expected to dominate the market through 2022, with over 1% increase in its market share.

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.