Dublin, Aug. 22, 2023 (GLOBE NEWSWIRE) -- The "Global Laser Processing Market by Type (Gas Laser, Liquid Laser, Solid Laser), Configuration (Fixed Beam, Hybrid, Moving Beam), Vertical, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Laser Processing Market size was estimated at USD 10.34 billion in 2022, USD 11.08 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.30% to reach USD 18.17 billion by 2030.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Laser Processing Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic.
Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global Laser Processing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Type, the market is studied across Gas Laser, Liquid Laser, and Solid Laser. The Solid Laser commanded largest market share of 59.65% in 2022, followed by Gas Laser.
- Based on Configuration, the market is studied across Fixed Beam, Hybrid, and Moving Beam. The Hybrid commanded largest market share of 61.15% in 2022, followed by Fixed Beam.
- Based on Vertical, the market is studied across Aerospace & Defense, Architecture, Automotive, Machine Tools, Medical & Life Sciences, and Microelectronics. The Machine Tools commanded largest market share of 27.22% in 2022, followed by Microelectronics.
- Based on Application, the market is studied across Advanced Processing, Cutting, Drilling, Marking & Engraving, Micro Processing, and Welding. The Marking & Engraving commanded largest market share of 23.63% in 2022, followed by Micro Processing.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Laser Processing Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Laser Processing Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Laser Processing Market?
- What is the competitive strategic window for opportunities in the Global Laser Processing Market?
- What are the technology trends and regulatory frameworks in the Global Laser Processing Market?
- What is the market share of the leading vendors in the Global Laser Processing Market?
- What modes and strategic moves are considered suitable for entering the Global Laser Processing Market?
Market Dynamics
Drivers
- Rising Demand for Miniaturization of Microelectronic Devices
- Growing Application of Laser Processing in Medical Surgeries and Devices
- Growing Number of Application Areas in Several Applications
Restraints
- High Initial Cost Involved in Laser Processing Machines
Opportunities
- Recent Progress in Ultrafast Laser Applications for Advance Manufacturing
- New Innovation and Launches of the Laser Processing
Challenges
- Growing Environmental Concerns
Companies Mentioned
- Bystronic
- Cemar Electro Inc.
- Coherent, Inc.
- Epilog Corporation
- Eurolaser GmbH
- FOBA Laser
- Han's Laser Technology Co., Ltd.
- HSG laser
- IMRA America, Inc.
- IPG Photonics Corporation
- Jenoptik AG
- Koike Aronson, Inc.
- Laserline GmbH
- Lumentum Holdings Inc.
- MKS Instruments, Inc.
- Novanta Inc.
- Panasonic Corporation
- Prima Industrie S.p.A.
- Trumpf Group
- Universal Laser Systems Inc.
- Wuhan HGLaser Engineering Co,.Ltd.
- Yamazaki Mazak UK Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/bxs169
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