Laser plastic welding market rising demand from the healthcare industry will enable the market gain impetus in the coming years.
Albany, NY -- (SBWIRE) -- 01/05/2018 -- The global market is observed to generate revenues primarily driven by automotive, electrical and electronics, and healthcare industry. The global laser plastic welding market's valuation at US$758.9 mn in 2016. Reporting a positive CAGR of 8.3%, the overall market is likely to reach US$1,543.2 mn by the end of 2025. Holding the dominant 42% of the global laser plastic welding market, Asia Pacific emerged at fore in 2016. Besides this, TMR forecasts sustainable growth for the market in North America. During the course of the forecast period, Europe is likely to offer lucrative prospects for the market's growth. Among end-use industries, the application of laser plastic welding is expected to remain high in the automotive sector. In addition, the rising demand from the healthcare industry will enable the market gain impetus in the coming years.
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Companies Mentioned in Report
Some of the players operating in the global laser plastic welding market include TRUMPF GmbH + Co. KG, Han's Laser Technology Industry Group Co. Ltd, LPKF Laser & Electronics AG, Jenoptik AG, Emerson Electric Co., Nippon Avionics Co., Ltd., Rofin Sinar Technologies Inc., Leister Technologies AG, Amada Miyachi Co. Ltd., DILAS Diodelaser GmbH, CEMAS Elettra S.R.L., Dukane IAS LLC, Control Micro Systems, Inc., Bielomatik Leuze GmbH + Co. KG, O.R. Lasertechnology GmbH, Seidensha Electronics Co., Ltd, Sahajanand Laser Technology Ltd., Scantech Laser Pvt. Ltd. and Wuhan Chuyu Optoelectronic Technology Co., Ltd.
Global Laser Plastic Welding Market: Overview
Transparency Market Research examines the global laser plastic welding market for the forecast period 2017-2025. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global laser plastic welding market.
The report begins with an overview of the global laser plastic welding market, evaluating market performance in terms of revenue, followed by TMR's analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by system type has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the business in laser plastic welding market.
TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of laser plastic welding market.
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Global Laser Plastic Welding Market: Research Methodology
Market numbers have been estimated based on extensive secondary and primary research, average pricing of laser plastic welding by system type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The laser plastic welding market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional laser plastic welding manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of laser plastic welding in the different regions. Bottom-up approach has been used to estimate the laser plastic welding market by regions. Global market numbers by system type, by method, by laser, by application and by end use industry have been derived using the bottom-up approach, which is cumulative of each country's demand. The same has also been validated from top-down approach. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.
TMR not only conducts forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
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In order to understand and assess opportunities in this market, the report is categorically divided into six key sections on the basis of system type, laser type, application, methods, end-use industry and region. The report analyses the global laser plastic welding market in terms of value (US$ Mn) and volume (Units)
Vital feature of this report is the analysis of the laser plastic welding market by region, system type, method, application, laser and end-use industry; and the corresponding revenue forecast in terms of incremental dollar opportunity. This is traditionally overlooked while forecasting the market. However, incremental dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from sales perspective of the global laser plastic welding market.
To understand key segments in terms of their growth and performance in the laser plastic welding market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global laser plastic welding market.
In the final section of the report, laser plastic welding market competitive landscape is included to provide a dashboard view of companies that manufacture laser plastic welding. The report contains company profiles of some of the players in the global laser plastic welding market.
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By System Type
By Laser Type
By End-Use Industry
Electrical & Electronics
Middles East and Africa (MEA)
Asia Pacific (APAC)