Dublin, Aug. 23, 2023 (GLOBE NEWSWIRE) -- The "Global Laser Plastic Welding Market by Laser Type, Method, Systems, Application, End User - 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 Plastic Welding Market size was estimated at USD 1.26 billion in 2022, USD 1.35 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.66% to reach USD 2.28 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 Plastic Welding 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 Plastic Welding Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Laser Type, the market is studied across CO2 Laser, Diode Laser, Fiber Laser, and Nd:YAG Laser. The Diode Laser commanded largest market share of 32.24% in 2022, followed by CO2 Laser.
- Based on Method, the market is studied across Contour Welding, Mask Welding, Quasi-simultaneous Welding, Radial Welding, and Simultaneous Welding. The Contour Welding commanded largest market share of 34.32% in 2022, followed by Quasi-simultaneous Welding.
- Based on Systems, the market is studied across Integrated and Standalone. The Standalone commanded largest market share of 84.11% in 2022, followed by Integrated.
- Based on Application, the market is studied across Components and Films. The Components commanded largest market share of 84.30% in 2022, followed by Films.
- Based on End User, the market is studied across Automotive, Consumer Goods, Electrical Electronics, and Healthcare. The Electrical Electronics commanded largest market share of 34.73% in 2022, followed by Automotive.
- 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. Europe, Middle East & Africa commanded largest market share of 44.30% in 2022, followed by Asia-Pacific.
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 Plastic Welding Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Laser Plastic Welding Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Laser Plastic Welding Market?
- What is the competitive strategic window for opportunities in the Global Laser Plastic Welding Market?
- What are the technology trends and regulatory frameworks in the Global Laser Plastic Welding Market?
- What is the market share of the leading vendors in the Global Laser Plastic Welding Market?
- What modes and strategic moves are considered suitable for entering the Global Laser Plastic Welding Market?
Market Dynamics
Drivers
- Increasing Consumer Preference for Aesthetically Compelling Products
- Growing Applications in Automotive Sector
- Plethora of Applications in the Healthcare, and Electrical & Electronics Sectors
Restraints
- High Maintenance and High Initial Cost Associated with Laser Plastic Welding
Opportunities
- Rapid Advancements in Textile Joining
- The Rise in Popularity of Laser Plastic Welding amongst Various Developing Economies
Challenges
- Concerns Regarding Extensive Expertise Required across Various Industries for Targeted Use
Companies Mentioned
- ACSYS Lasertechnik GmbH
- Amada Co. Ltd.
- Bielomatik GmbH
- Coherent Inc.
- Control Micro Systems
- Dukane Corp.
- Emerson Electric Co.
- Extol, Inc.
- Hamamatsu Photonics K.K.
- Han's Laser Technology Industry Group Co., Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- LaserLine Solutions
- Leister Technologies AG
- LPKF Laser & Electronics AG
- MECCO
- Nippon Avionics Co., Ltd.
- Panasonic Corporation
- TRUMPF Group
For more information about this report visit https://www.researchandmarkets.com/r/8inal5
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