Laser Welding Equipment Market - Current Competitive Analysis 2024 | Emerson Electric Company, IPG Photonics, Amada Miyachi Co., Ltd, Golden Laser, Lasertechnologie, GSI Group

Trumpf Acquired Majority Stake in Access Laser Co.

In January 2018, DITZINGEN, Machine tool and laser systems developer Trumpf GmbH & Co. KG has acquired an 85 percent stake in CO2 laser developer Access Laser Co.With this acquisition, Trumpf aims to integrate a part of the extreme ultraviolet (EUV) technology supply chain. Access’ lasers are used to fabricate microchips in EUV lithography, where the light generated by the low-power CO2 lasers serves as a beam source deployed together with Trumpf laser amplifiers in EUV systems

Rising demand of laser welding equipment in automotive industry, promote the growth of laser welding equipment market

Laser welding application vastly used in exotic applications such as laser engraving, where no other welding method is suitable. Nowadays, laser welding is a well-developed part of the metalworking industry which routinely producing welds for common items like fuel injector nozzles, medical tools battery, pacemaker cans, and aircraft engines. Growing demand for laser welding equipment in automotive and medical sector drives the growth of laser welding equipment market. Additionally, laser-welding equipment is also used in various industries such as electronics, jewelry, and machine tool. Moreover, the features offered by mobile welding equipment such as mobility and the flexible handheld system are also escalating the growth of the market. However, substitutes available for laser welding equipment such as CNC machines and water jet cutting machines is expected to hamper the growth of laser welding equipment market. Going further, continuous development in the manufacturing process and technological advancement in laser welding equipment is estimated to create growth opportunities for the laser welding equipment market during the forecast period.

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The Asia pacific region contribute the growth in laser welding equipment market during forecast period

On the basis of region, Europe is expected to have the largest region in the laser welding equipment market. The increasing developments in laser-welding technology, the new trends in automation and increasing government funding are the major factors responsible for the growth of the market in this region. Asia Pacific is projected to have the fastest growing region owing to the increasing the automotive and construction sector and rising awareness regarding laser-welding technology.