From a global perspective, the market size of the laser welding machine industry is showing a steady growth trend. According to relevant market analysis reports, the compound annual growth rate of the global hybrid laser welding market size is expected to be 9.59% from 2024 to 2034. It is estimated that by 2034, the global hybrid laser welding market size will reach 1.14969 trillion US dollars. Among them, the laser welding machine industry is expected to experience significant growth in the global market by 2025. Some believe that the global laser welding market size will reach 4 billion US dollars by 2025, with a compound annual growth rate of 7.5%; There are also predictions that by 2025, the global market size of laser welding machines will reach around 36 billion US dollars.
As one of the world's largest consumer markets for laser welding machines, China's market growth is also remarkable. In 2023, the sales revenue of laser welding equipment in China is about 11.52 billion yuan, and by 2025, the market size of laser welding equipment in China is expected to exceed 30 billion yuan for the first time. The transformation and upgrading of the manufacturing industry, technological progress, policy promotion, and vast consumer market are key factors for the growth of the Chinese market. With the domestic manufacturing industry moving towards high-end and intelligent development, the demand for laser welding machines continues to rise in various fields such as automotive, aerospace, electronics, and electrical appliances. For example, in the field of automobile manufacturing, the booming development of new energy vehicles has led to a significant increase in the demand for laser welding of components such as battery packs and motors; The strict requirements for welding quality and accuracy in the aerospace field have also led to a continuous increase in market demand for high-performance laser welding machines.
The growth of market size not only reflects the recognition and dependence of various industries on laser welding technology, but also indicates that in the future, with further technological innovation and continuous expansion of application fields, the laser welding machine industry is expected to maintain a good development trend, and the market size may further expand.