The global laser welding equipment market is expected to grow due to the extensive usage of laser welding equipment in various end user segments. The demand for laser welding equipment is further supported by emerging economies such as Asia pacific with a high growth potential industry such as wind energy. The Asia Pacific is projected to hold a considerable laser welding equipment market share.
The factors contributing to the rising sales of laser welding equipment in APAC are growing awareness for the laser welding technology and the rising automotive and transportation sectors.
The growing market has been experiencing a phase of emerging acceptance by many new customers that are new to the laser. The global laser welding equipment market is being expanded on the basis of three pronged areas including the already existing users that are increasing their use of laser welding equipment for explicit applications; the development of new technologies for new applications; and the development of new applications for existing technologies.
The product is highly demanded by the essential growth sectors such as photovoltaic, entertainment electronics, medical device technology etc. The continued growth in the photovoltaic demand and succeeding its production is greatly responsible for the growth of global laser welding equipment market. The equipment provides with high precision, flexibility and productivity which allows mass production of innovative products.
Recently heavy industries such as wind industry has been increasing their usage of laser welding equipment so as ensure a lower cost of offshore wind energy. The wind turbine towers and substructures are becoming the prime focus points for the laser welding equipment manufacturers.
Laser Welding Equipment Market : Drivers Restraints
The global laser welding equipment market is expected to grow due increasing demand from automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with a high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.
The emergence of the new procedures and applications globally coupled with new technological development are further driving the growth of global laser welding equipment market.
Conversely the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that hefty initial price tag (that saves money overtime) and high labour cost can pose a challenge for the growing market of laser welding equipment market.
Laser Welding Equipment Market: Region-wise Outlook
The laser welding equipment market is expected to register a favourable growth for the forecast period, 2015?2025. The Asia Pacific is projected to endure control on the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness for the laser welding technology and rising construction sector, automotive and transportation sector. Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.
Laser Welding Equipment Market: Key Players
The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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