In Fiber laser welding, the laser light is used an active fiber and directed towards the workpiece by using flexible delivery fiber. The fiber laser allows users to weld minute parts with low power laser, generally in the 100 W to 200 W of power range. The typical application of welding using fiber laser are thin membranes, small medical meshes, stents, 10 to 50 micron platinum coil wires, 50 micron Nitinol wires, and others
MARKET DYNAMICS
The fiber laser welding machine market is experiencing significant growth owing to the increasing demand for healthcare medical devices. However, fluctuating prices of raw material can hamper the growth of fiber laser welding machine market. Meanwhile, increasing sales of consumer electronics is expected to flourish the fiber laser welding machine market.
MARKET SCOPE
The "Fiber Laser Welding Machine Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction with a special focus on the global market trend analysis. The report aims to provide an overview of fiber laser welding machine market with detailed market segmentation by type, application, and geography. The global fiber laser welding machine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fiber laser welding machine market players and offers key trends and opportunities in the fiber laser welding machine market.
MARKET SEGMENTATION
The global fiber laser welding machine market is segmented on the basis of type and application. Based on type, the market is segmented into handheld and fixed. On the basis of application, the market is segmented as healthcare, manufacturing, electronics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global fiber laser welding machine market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fiber laser welding machine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting fiber laser welding machine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porters five forces analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the fiber laser welding machine market in these regions.
MARKET PLAYERS
The reports cover key developments in the fiber laser welding machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from fiber laser welding machine market are anticipated to lucrative growth opportunities in the future with the rising demand for fiber laser welding machine market. Below mentioned is the list of few companies engaged in the fiber laser welding machine market.
IMPACT OF COVID-19 ON FIBER LASER WELDING MACHINE MARKET
The outbreak of COVID-19 has significantly impacted various industries including the manufacturing industry. Containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures has disrupted the supply chain of automotive industry in 2020. However, the manufacturing industry started to stabilize from Q4 of 2020 as economies started to reopen and containment measures were relaxed.
The report also includes the profiles of key fiber laser welding machine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Sahajanand Laser Technology Limited
- Jinan MORN Technology Co., Ltd.
- HSG
- GWEIKE
- TRUMPF
- Jinan Xintian Technology Co., LTD.
- United Winners Laser Co., Ltd.
- LaserStar Technologies Corporation
- Suresh Indu Lasers Private Limited
- AMADA WELD TECH GmbH