Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1074.36 Million | USD 2194.63 Million | 8.26% | 2023 |
According to Zion Market Research, the global Laser Plastic Welding Market was worth USD 1074.36 Million in 2023. The market is forecast to reach USD 2194.63 Million by 2032, growing at a compound annual growth rate (CAGR) of 8.26% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Laser Plastic Welding industry over the next decade.
In the last few years, the laser has emerged as one of the most preferred methods for welding plastics. It provides improved welding quality as the flexibility it offers is second to none. In spite of these and several other benefits, the penetration of laser plastic welding is slower than expected in the plastic industry. Laser plastic welding is commonly used in a number of industries, such as medical, automotive, and electronic packaging. The demand for laser plastic welding worldwide will continue to be powered by developments in textile joining, along with the joining of various kinds of materials such as metal to plastics and more. Increasingly, laser plastic welding is being used, particularly when creating products made from thermally sensitive materials.
Manufacturing a vehicle involves numerous plastic components that boast high processing quality. As laser plastic welding ensures strong joints, besides ensuring high precision and accuracy, its use in the automotive sector is likely to escalate in the near future, enabling the laser plastic welding market to create a niche in the automotive sector.
Increasing consumer preference for aesthetically compelling products has driven the demand for laser plastic welding due to its capability of performing welding operation in the hidden surfaces. Various developments in the methods of laser plastic welding have increased flexibility in the required condition for plastic welding and resulted in the expansion of the market into myriad industries.
The global laser plastic welding market is characterized by material processing machinery manufacturers innovating in terms of welding methods, a laser source, and automation in order to cater to intensely competitive manufacturing machinery market. Laser plastic welding system manufacturers are also realizing the importance of launching innovative technology as part of their branding and marketing strategies. This, in turn, will further propel laser plastic welding market trends. With a plethora of applications in the automotive, healthcare, and electrical & electronics sectors, the laser plastic welding market growth is likely to gain momentum in the years ahead.
The global laser plastic welding market can be classified into System Type, Laser Type, Application, Method, and End-use Industry.
Based on the system type, the market is segmented into Standalone System and Integrated System.
On the basis of laser type, the market is sectored into CO2 laser, Diode Laser, Fiber Laser, and Nd: YAG laser.
Application wise, the laser plastic welding market is classified into Components and Films.
On the basis of the method, the market is divided into Contour Welding, Quasi-simultaneous Welding, Simultaneous Welding, Mask Welding, and Radial Welding.
End-use Industry-wise, the market is sectored into Electrical & Electronics, Healthcare, Automotive, and Consumer Goods.
Report Attributes | Report Details |
---|---|
Report Name | Laser Plastic Welding Market |
Market Size in 2023 | USD 1074.36 Million |
Market Forecast in 2032 | USD 2194.63 Million |
Growth Rate | CAGR of 8.26% |
Number of Pages | 110 |
Key Companies Covered | TRUMPF GmbH + Co. KG, Han's Laser Technology Industry Group Co., Ltd, LPKF Laser & Electronics AG, Jenoptik AG, Emerson Electric Co., Nippon Avionics Co., Ltd., Rofin Sinar Technologies Inc., Leister Technologies AG, Amada Miyachi Co. Ltd., DILAS Diodelaser GmbH, CEMAS Elettra S.R.L., Dukane IAS LLC, Control Micro Systems, Inc., Bielomatik Leuze GmbH + Co. KG, O.R. Lasertechnology GmbH, Seidensha Electronics Co., Ltd, Sahajanand Laser Technology Ltd., Scantech Laser Pvt. Ltd. and Wuhan Chuyu Optoelectronic Technology Co., Ltd |
Segments Covered | By System Type, By Laser Type, By Application, By Method, By End-Use Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global laser plastic welding market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is anticipated to dominate the market growth over the years ahead, subject to rapid expansion of automotive as well as electrical & electronic industries across the region. Furthermore, the presence of numerous machinery manufacturers in Europe will steer the growth of laser plastic welding market in the region. In addition, changing consumer inclination for tastefully convincing products has driven the demand for laser plastic welding in the region. Innovations in the laser plastic welding techniques along with massive investments in R& D activities over the new product development in countries such as Canada and the U.S. has resulted in lucrative demand for the product in North America.
Latin America and the Middle East and Africa have huge business growth prospects and will contribute remarkably towards the market revenue in the coming years.
Some of the key players in the laser plastic welding market are -
Global Laser Plastic Welding Market: System Type Segment Analysis
FrequentlyAsked Questions
The laser has emerged as one of the most preferred methods for welding plastics. It provides improved welding quality as the flexibility it offers is second to none.
Increasing consumer preference for aesthetically compelling products has driven the demand for laser plastic welding due to its capability of performing welding operation in the hidden surfaces.
According to a study, the global laser plastic welding Industry size was $1074.36 Million in 2023 and is projected to reach $2194.63 Million by the end of 2032.
The global laser plastic welding market is expected to grow at a CAGR of 8.26% during the forecast period.
Some of the key players in the laser plastic welding market are TRUMPF GmbH + Co. KG, Han's Laser Technology Industry Group Co., Ltd, LPKF Laser & Electronics AG, Jenoptik AG, Emerson Electric Co., Nippon Avionics Co., Ltd., Rofin Sinar Technologies Inc., Leister Technologies AG, Amada Miyachi Co. Ltd., DILAS Diodelaser GmbH, CEMAS Elettra S.R.L., Dukane IAS LLC, Control Micro Systems, Inc., Bielomatik Leuze GmbH + Co. KG, O.R. Lasertechnology GmbH, Seidensha Electronics Co., Ltd, Sahajanand Laser Technology Ltd., Scantech Laser Pvt. Ltd. and Wuhan Chuyu Optoelectronic Technology Co., Ltd
The global laser plastic welding market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed