Laser Plastic Welding Market: Introduction
Transparency Market Research provides key insights into the Plastic Laser Welding Market in its published report, which includes global industry analysis, size, share, growth, trends and forecast for 2020–2025. In terms of revenue, the global plastic laser welding market is estimated to register a CAGR of 8.4% during the forecast period.
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Steady demand from the automotive industry to support market growth
The amount of plastics used in the automotive industry is constantly increasing, as it lowers the cost of production and reduces the weight of vehicles. Automotive manufacturers have frequently used laser plastic welding to join interior and exterior plastic components, as it provides excellent joint quality and precise welding. In addition, strong joints formed with laser plastic welding with high precision and accuracy that do not affect sensitive components near the welding area, resulting in a high demand of laser plastic welding in the automotive industry. In addition, the changing inclination of consumers towards highly aesthetic automobiles across continents creates a lot of opportunities for manufacturers. In addition to this, the increasing purchasing power of a common person to purchase vehicles is one of the vital factors fueling the expansion of the plastic laser welding market.
Plastic-to-metal welding is gaining momentum in the global market
Metal industrial products are robust and ductile, and plastic materials are light and easy to form. A variety of plastic and metal products are frequently used in industries due to their significant properties. The importance of joining metal and plastic has grown tremendously 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 due to its many applications such as short time joining, long time stable joining, easy automation and no requirement of adhesives and rivets. .
Furthermore, the laser-assisted metal-to-plastic (LAMP) joining method is applicable for joining two dissimilar metals with an intermediate plastic sheet to prevent local electrical-physical corrosion of metals. Increasing adoption of Laser Assisted Plastics (LAMP) joining method over other conventional method for efficient joining of metal and plastic products is projected to boost the growth of the laser plastic welding market during of forecasting.
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Lucrative opportunities in emerging countries
Laser plastic welding systems and techniques are predominantly used in various key industries such as electrical and electronics, healthcare, automotive and others. The demand for advanced laser plastic welding systems in these industries is constantly increasing due to its ability to weld 3D and complex shapes. Prominent end-use industries such as healthcare and electrical and electronics have seen healthy growth over the past 10 years and are anticipated to continue during the forecast period. Moreover, the market growth is not only in the mature markets of North America and European countries, but also in fast-growing and developing countries such as China and India. The rapid penetration of healthcare and electronics industries in these countries is likely to create a positive impact on the demand for plastic laser welding machines in the coming years.
Key Players in the Plastic Laser Welding Market
Prominent players operating in the global plastic laser welding market account for a substantial share 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, introduced the PowerWeld 3D 8000 and the plastic laser welding machine for the mass production of small parts. Some of the major players in the plastic laser 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 Plastic Laser Welding Market Segmentation
Plastic Laser Welding Market by System
- Autonomous system
Plastic Laser Welding Market by Method
- Contour welding
- Mask welding
- Radial welding
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Laser plastic welding market, with Laser
- CO2 laser
- Diode laser
- Coupled fiber
- Fiber laser
- Nd: YAG laser
Plastic Laser Welding Market by Application
Plastic Laser Welding Market by End Industry
- Electrical and electronic
- Consumer goods
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Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides customized research and consulting services. The firm analyzes the factors that shape demand dynamics in various markets. Market Insights and Insights assess opportunities across various segments. Opportunities in the segments based on source, application, demographics, sales channel and end-use are analyzed, which will drive the growth of the markets over the next decade.
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