Laser Plastic Welding Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Vision Research Reports says, the global laser plastic welding market is expected to grow a CAGR of 8.4% during the forecast period 2020 to 2027 and to reach valuation US$ 1.7 billion by 2027.

The market growth is driven by a host of factors, including soaring demand from end-use industries, progress in laser technology, dwindling prices of laser technology, exceptional versatility, and progress in technology. Companies operating in the current landscape should focus on expanding their product portfolio, integrate new technologies, and enhance the quality of their products. The automotive and healthcare sectors will present players in the laser plastic welding market with plenty of opportunities as the demand for improved joining and assembly technologies is anticipated to move in the upward trajectory, particularly from these two sectors.

Consistent Demand from Automotive Industry to Bolster Market Growth

The amount of plastics used in the automotive industry is consistently rising, as it lowers the manufacturing cost and reduces the weight of vehicles. Manufacturers operating the automotive industry used laser plastic welding frequently to join interior and exterior plastic components, as it provides excellent joint quality and precise welding. Furthermore, strong joints formed with laser plastic welding with high precision and accuracy that do not affect the sensitive components close to the welding area, resulting into a high requirement of the laser plastic welding in the automotive industry. In addition, shifting inclination of consumers towards highly aesthetic automotive vehicles across continents is creating ample amount of opportunities for manufacturers. Besides this, the rising purchasing capability of an average person to buy vehicles is one of the vital factors fueling the expansion of the laser plastic welding market.

Plastic to Metal Joining Welding Gaining Momentum in Global Market

Metallic industrial products are robust and ductile, and plastics are lightweight and easily formable. A variety of plastic and metallic products is used in industries frequently, owing to their significant properties. The importance of joining metal and plastic has witnessed a tremendous rise in recent years. There are various methods such as rivets, adhesives, and others to join these plastics and metals. However, the current trend of laser-assisted metal plastic joining (LAMP) is gaining traction across the globe, owing to its numerous applications such as short time joining, stable joint for a long time, easy automation, and no requirement of adhesives and rivets. Furthermore, the laser-assisted metal plastic joining (LAMP) method is applicable to join two dissimilar metals with a plastic intermediate sheet, to prevent local electric-physical corrosion in metals. The rising adoption of laser-assisted metal plastic joining (LAMP) method over the other conventional method to join metal and plastic product effectively is projected to boost the laser plastics welding market growth during the forecast period.

Lucrative Opportunities in Emerging Countries

Laser plastic welding systems and techniques are predominantly used in various key industries such as electrical & electronics, healthcare, automotive, and others. The demand for advanced laser plastic welding systems in these industries is consistently rising due to its ability to weld 3D and complex shapes. Prominent end-use industries such as healthcare and electrical & electronics have witnessed a healthy growth over the past 10 years, and this is anticipated to continue during the forecast period. Moreover, the market growth is not just in mature markets of North America and European countries, but also in fast-growing and developing countries such as China and India. Rapid penetration of healthcare and electronics industries in these countries is likely to create a positive impact on the demand for laser plastic welding machines in the upcoming years.

Rapidly Dropping Prices for Lasers and Laser Systems Accelerates Market Growth

• Over the past few years, the pricing for diode and Nd:YAG lasers has dropped significantly. Laser sources with the power of around 100W, which used to cost significantly a decade ago are now available in affordable pricing. This has resulted in a decline in the prices of laser systems. The manufacturers of almost all the industries deal with plastic materials due to its various advantages over metals, such as much lower weight and ease in processing. This has encouraged a large number of small manufacturers to emerge in the market and compete in the manufacturing of plastic products. Until the last few years, only some of the large manufacturers with high production output were capable of affording the laser technology for material processing.
• Drop in prices of laser technology and enhanced availability, along with high applicability has encouraged moderate and small manufacturers to adopt the laser plastic welding technology. The decline in the prices of the laser technology, accompanied by globally increasing manufacturing output, is anticipated to drive the laser plastic welding market during the forecast period.

Requirement of Compatible Combination of Materials Restricts Laser Plastic Welding Market Growth

• The laser plastic welding creates high precision welds with a high-quality finish and thus, seems to enhance the ease in plastic processing. On the other hand, the application of laser technology is dependent on the condition of materials to be weld. Various factors such as thickness of the upper material through which the laser beam will pass, surface roughness of the surfaces to be weld, color of the two materials, material used, etc.
• The laser plastic welding is not a big challenge when one of the materials is transparent and the other is black. The difficulty level increases with combinations such as black on black, colored on black, two different colored materials, two transparent materials and most difficult with a pair of two white materials.
• Moreover, physical properties such as roughness play a crucial role in the quality of weld as with the minute change in the distance of the absorbent surface from the laser source, the diameter of the laser spot changes, resulting in change into energy density and thus non-uniform weld. Thus, the low surface finish of the surface results in highly non-uniform weld. Thus, highly specific requirements of laser plastic welding pose a restraint on the laser plastic welding market.

Healthcare Industry to Offer Gratifying Opportunities to Manufacturers

• The demand for a variety of plastic medical devices across continents has witnessed a sharp rise in recent years. This significant rise in demand for plastic medical devices is majorly driven by improving healthcare facilities and rapidly rising healthcare expenditure by individuals. Laser plastic welding machines are predominantly used in the healthcare industry, especially medical device industry, as these devices require clean joints. Furthermore, manufacturers of medical devices preferring laser plastic welding over traditional welding techniques as it provides faultless and excellent surface finishing.
• Moreover, the surgical nature of laser plastic welding makes it well suited to handle the delicate and precision joining. Owing to such factors, the demand for laser plastic welding systems across the globe is projected to increase during the forecast period. In addition to this, striking penetration of healthcare industry in key regions such as North America, Europe, and Asia Pacific regions is providing gratifying opportunities to laser plastic welding machines manufacturers to maximize its financial revenue. 

Key Players

Prominent players operating in the global laser plastic welding market accounts for a substantial portion of the market share. Key players are adopting inorganic growth strategies to expand into new geographies. Recently, LPKF Laser & Electronics AG, one of the leading players operating in the laser plastic market has introduced PowerWeld 3D 8000 and laser plastic welding machine for mass production of small parts. Some of the leading players in the laser plastic welding market are TRUMPF GmbH + Co. KG, Han's Laser Technology Industry Group Co., Nippon Avionics Co., Ltd., Jenoptik AG, Rofin Sinar Technologies Inc., Amada Miyachi Co. Ltd., Bielomatik Leuze GmbH + Co. KG, LPKF Laser & Electronics AG, DILAS Diodelaser GmbH, Leister Technologies AG and Dukane IAS LLC.

Global Laser Plastic Welding Market Segmentation

Laser Plastic Welding Market, by System

• Standalone System
• Integrated

Laser Plastic Welding Market, by Method

• Contour Welding
• Quasi-Simultaneous
• Simultaneous
• Mask Welding
• Radial Welding
• Others

Laser Plastic Welding Market, by Laser

• CO2 laser
• Diode laser
  • Dio-Scan
  • Direct
  • Fiber Coupled
  • Multi-diode
• Fibre laser
• Nd:YAG Laser

Laser Plastic Welding Market, by Application

• Component
• Films

Laser Plastic Welding Market, by End-use Industry

• Electrical & Electronics
• Healthcare
• Automotive
• Consumer goods
• Others

Laser Plastic Welding Market, by Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)

Report Scope

The Laser plastic welding market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Laser plastic welding market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Laser plastic welding market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Laser plastic welding market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Laser plastic welding market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Laser plastic welding capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Laser plastic welding by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Laser plastic welding market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Laser plastic welding market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Laser plastic welding market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Laser plastic welding industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Laser plastic welding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Laser plastic welding market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Laser plastic welding market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Laser plastic welding market. These factors have benefited the growth of the global market for Laser plastic welding. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Laser plastic welding. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Laser plastic welding are as follows:

• History Year: 2016-2019
• Base Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.