The global laser plastic welding market was valued at US$ 758.9 Mn in 2016 and is expected to be valued at US$ 1,543.2 Mn in 2025.
Albany, NY -- (SBWIRE) -- 01/15/2018 -- It has been well identified that laser welding is an impressive technology that joins metals very precisely, and with minimal distortion. It is also one of the most preferred methods for plastic welding. Analysts have studied that the global laser plastic welding market is foretelling a promising future. The technology enables producing superior weld joints, which is a key factor aiding its increased application over the years. Considering these facts, Market Research Hub (MRH) has publicized a new study titled "Laser Plastic Welding Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" to its extensive research repository. The main objective of the report is to offer a wide-ranging strategic scrutiny of worldwide laser plastic welding market revenue along with the growth estimates for the assessment period, 2017 till 2025.
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Market Growth Analysis
Initially, the report begins with an overview of the global laser plastic welding market, evaluating market performance in terms of revenue, followed by analysis of key trends, drivers, and restraints witnessed in the global market. As per the study key highlights, reporting a positive CAGR of 8.3%, the overall market is likely to reach US$1,543.2 mn by the end of 2025.
In order to understand the geographical occurrence of the laser plastic welding market, the report studies market's performance in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Holding the dominant 42% of the global laser plastic welding market, Asia Pacific emerged at fore in 2016. Besides this, lucrative prospects are likely in Europe.
Major Insights in Global Laser Plastic Welding Market
With the purpose of providing readers a comprehensive overview of the market, the report segments the market on the basis of system type, method, end-user industry. In the coming years, the global laser plastic welding market is predictable to witness a spike in demand in response to the swelling application of the technology across numerous industries. Currently, the automotive sector is at fore in unveiling the use of laser plastic welding. As laser plastic welding ensures strong joints, as well ensuring high precision and accuracy, its use in the automotive sector is likely to escalate in the near future.
Growing consumer fondness for aesthetically compelling products has compelled the demand for laser plastic welding due to its competence of performing welding operation in the hidden surfaces. Moreover, the rising demand from the healthcare industry will also enable the market exhibit strong growth in the coming years.
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The study also offers a broad scrutiny of the prominent players and important strategies devised by the companies to succeed in this market. Some of the players operating in the global laser plastic welding market include Amada Miyachi Co. Ltd., TRUMPF GmbH + Co. KG, Nippon Avionics Co., Ltd., Leister Technologies AG, DILAS Diodelaser GmbH, Han's Laser Technology Industry Group Co. Ltd, LPKF Laser & Electronics AG, Sahajanand Laser Technology Ltd., Jenoptik AG, Emerson Electric Co., CEMAS Elettra S.R.L., Dukane IAS LLC, Seidensha Electronics Co., Ltd, Control Micro Systems, Inc., Rofin Sinar Technologies Inc., Bielomatik Leuze GmbH + Co. KG, O.R. Lasertechnology GmbH, Scantech Laser Pvt. Ltd. and Wuhan Chuyu Optoelectronic Technology Co., Ltd.
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