Laser Processing Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
Market Report I 2024-06-27 I 255 Pages I Infinium Global Research and Consulting Solutions
The global laser processing market has witnessed significant growth in recent years, driven by advancements in laser technology, increasing adoption of automation in manufacturing, and the rise of Industry 4.0. Laser processing offers advantages such as high precision, minimal material wastage, and improved production efficiency, making it a preferred choice for a wide range of applications.
The report on the global laser processing market provides qualitative and quantitative analysis for the period from 2021-2030. The global laser processing market was valued at USD 19.14 billion in 2022 and is expected to reach USD 38.67 in 2030, with a CAGR of 9.21% during the forecast period of 2023-2030. The study on laser processing market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
The report on laser processing market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global laser processing market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global laser processing market over the period of 2021-2030. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
One of the key trends shaping the laser processing market is the growing demand for customized and on-demand manufacturing solutions. With the rise of e-commerce and personalized products, manufacturers are turning to laser processing to meet the evolving needs of customers. Additionally, the integration of artificial intelligence and machine learning in laser machines is enhancing their capabilities and expanding their applications.
Report Findings
1) Drivers
- The versatility and precision offered by laser processing drive the growth of the market.
- The growing usage of lasers in medical devices and surgery applications is expected to stimulate the growth of the market.
2) Restraints
- The high initial investment can hamper the growth of the market.
3) Opportunities
- The growing adoption of laser processing in surface treatment and engraving can provide lucrative opportunities for the growth of the market.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global laser processing market is segmented on the basis of type, vertical, and application.
The Global Laser Processing Market by Type
- Gas Laser
- Liquid Laser
- Solid-state Laser
- Other
The Global Laser Processing Market by Vertical
- Medical & Life Sciences
- Aerospace & Defense
- Machine Tools
- Automotive
- Microelectronics
- Architecture
- Others
The Global Laser Processing Market by Application
- Marking & Engraving
- Welding
- Advanced Processing
- Drilling
- Micro Processing
- Cutting
- Others
Company Profiles
The companies covered in the report include
- FOBA
- Coherent Corp.
- Lumentum Operations LLC
- TRUMPF
- eurolaser GmbH
- Han's Laser Corporation
- Newport Corporation
- JENOPTIK AG
- Epilog Laser
- IPG Photonics Corporation
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the laser processing market.
2. Complete coverage of all the segments in the laser processing market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global laser processing market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Laser Processing Market Highlights
2.2. Laser Processing Market Projection
2.3. Laser Processing Market Regional Highlights
Chapter 3. Global Laser Processing Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by Vertical
3.4.3. IGR-Growth Matrix Analysis by Application
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Laser Processing Market
Chapter 4. Laser Processing Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Laser Processing Market
5.2. Companies Profiles
5.2.1. FOBA
5.2.2. Coherent Corp.
5.2.3. Lumentum Operations LLC
5.2.4. TRUMPF
5.2.5. eurolaser GmbH
5.2.6. Han's Laser Corporation
5.2.7. Newport Corporation
5.2.8. JENOPTIK AG
5.2.9. Epilog Laser
5.2.10. IPG Photonics Corporation
Chapter 6. Global Laser Processing Market by Type
6.1. Gas Laser
6.2. Liquid Laser
6.3. Solid-state Laser
6.4. Other
Chapter 7. Global Laser Processing Market by Vertical
7.1. Medical & Life Sciences
7.2. Aerospace & Defense
7.3. Machine Tools
7.4. Automotive
7.5. Microelectronics
7.6. Architecture
7.7. Others
Chapter 8. Global Laser Processing Market by Application
8.1. Marking & Engraving
8.2. Welding
8.3. Advanced Processing
8.4. Drilling
8.5. Micro Processing
8.6. Cutting
8.7. Others
Chapter 9. Global Laser Processing Market by Region 2023-2030
9.1. North America
9.1.1. North America Laser Processing Market by Type
9.1.2. North America Laser Processing Market by Vertical
9.1.3. North America Laser Processing Market by Application
9.1.4. North America Laser Processing Market by Country
9.1.4.1. The U.S. Laser Processing Market
9.1.4.1.1. The U.S. Laser Processing Market by Type
9.1.4.1.2. The U.S. Laser Processing Market by Vertical
9.1.4.1.3. The U.S. Laser Processing Market by Application
9.1.4.2. Canada Laser Processing Market
9.1.4.2.1. Canada Laser Processing Market by Type
9.1.4.2.2. Canada Laser Processing Market by Vertical
9.1.4.2.3. Canada Laser Processing Market by Application
9.1.4.3. Mexico Laser Processing Market
9.1.4.3.1. Mexico Laser Processing Market by Type
9.1.4.3.2. Mexico Laser Processing Market by Vertical
9.1.4.3.3. Mexico Laser Processing Market by Application
9.2. Europe
9.2.1. Europe Laser Processing Market by Type
9.2.2. Europe Laser Processing Market by Vertical
9.2.3. Europe Laser Processing Market by Application
9.2.4. Europe Laser Processing Market by Country
9.2.4.1. Germany Laser Processing Market
9.2.4.1.1. Germany Laser Processing Market by Type
9.2.4.1.2. Germany Laser Processing Market by Vertical
9.2.4.1.3. Germany Laser Processing Market by Application
9.2.4.2. United Kingdom Laser Processing Market
9.2.4.2.1. United Kingdom Laser Processing Market by Type
9.2.4.2.2. United Kingdom Laser Processing Market by Vertical
9.2.4.2.3. United Kingdom Laser Processing Market by Application
9.2.4.3. France Laser Processing Market
9.2.4.3.1. France Laser Processing Market by Type
9.2.4.3.2. France Laser Processing Market by Vertical
9.2.4.3.3. France Laser Processing Market by Application
9.2.4.4. Rest of Europe Laser Processing Market
9.2.4.4.1. Rest of Europe Laser Processing Market by Type
9.2.4.4.2. Rest of Europe Laser Processing Market by Vertical
9.2.4.4.3. Rest of Europe Laser Processing Market by Application
9.3. Asia Pacific
9.3.1. Asia Pacific Laser Processing Market by Type
9.3.2. Asia Pacific Laser Processing Market by Vertical
9.3.3. Asia Pacific Laser Processing Market by Application
9.3.4. Asia Pacific Laser Processing Market by Country
9.3.4.1. China Laser Processing Market
9.3.4.1.1. China Laser Processing Market by Type
9.3.4.1.2. China Laser Processing Market by Vertical
9.3.4.1.3. China Laser Processing Market by Application
9.3.4.2. Japan Laser Processing Market
9.3.4.2.1. Japan Laser Processing Market by Type
9.3.4.2.2. Japan Laser Processing Market by Vertical
9.3.4.2.3. Japan Laser Processing Market by Application
9.3.4.3. India Laser Processing Market
9.3.4.3.1. India Laser Processing Market by Type
9.3.4.3.2. India Laser Processing Market by Vertical
9.3.4.3.3. India Laser Processing Market by Application
9.3.4.4. Rest of Asia-Pacific Laser Processing Market
9.3.4.4.1. Rest of Asia-Pacific Laser Processing Market by Type
9.3.4.4.2. Rest of Asia-Pacific Laser Processing Market by Vertical
9.3.4.4.3. Rest of Asia-Pacific Laser Processing Market by Application
9.4. RoW
9.4.1. RoW Laser Processing Market by Type
9.4.2. RoW Laser Processing Market by Vertical
9.4.3. RoW Laser Processing Market by Application
9.4.4. RoW Laser Processing Market by Sub-region
9.4.4.1. Latin America Laser Processing Market
9.4.4.1.1. Latin America Laser Processing Market by Type
9.4.4.1.2. Latin America Laser Processing Market by Vertical
9.4.4.1.3. Latin America Laser Processing Market by Application
9.4.4.2. Middle East Laser Processing Market
9.4.4.2.1. Middle East Laser Processing Market by Type
9.4.4.2.2. Middle East Laser Processing Market by Vertical
9.4.4.2.3. Middle East Laser Processing Market by Application
9.4.4.3. Africa Laser Processing Market
9.4.4.3.1. Africa Laser Processing Market by Type
9.4.4.3.2. Africa Laser Processing Market by Vertical
9.4.4.3.3. Africa Laser Processing Market by Application
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