Laser Welding Machine Market to Grow by USD 504.4 Million from 2024-2028, Driven by Advantages over Conventional Welding and AI-Driven Market Transformation – Technavio | PR Newswire [Video]

NEW YORK, Nov. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global laser welding machine market size is estimated to grow by USD 504.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.5% during the forecast period. Growing benefits of laser welding over conventional welding is driving market growth, with a trend towards impact of additive manufacturing on laser welding. However, dearth of skilled labor poses a challenge. Key market players include Amada Co. Ltd., Bystronic Laser AG, Coherent Corp., Emerson Electric Co., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd., Laserline GmbH, Laserstar Technologies Corp., OREE LASER, Perfect Laser Co. Ltd., Sahajanand Laser Technology Ltd., SCANLAB GmbH, Suzhou Prato Laser Technology Co. Ltd., Suzhou Tianhong Laser Co. Ltd., TRUMPF SE Co. KG, and Wuhan…