The Europe Laser Processing Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Lasers are utilized in macro and micromaterial processing, as well as marking and engraving. Micro processing operations encompass micromachining and microfabrication of semiconductors, printed circuit boards, and electronic components, among others, while macro processor applications include cutting, drilling, welding, and labelling. Only a few types of lasers are employed in materials processing applications, even though many have been produced throughout the years. Each laser variation differs in terms of beam quality and wavelength of the laser beam.
The rising use of lasers in medical equipment and medical activities is credited for the market's growth. Furthermore, the rapid advancement of nanofabrication technology is likely to contribute to the market's expansion. Furthermore, system has several advantages over conventional material processing, the manufacturing sector has boosted its acceptance of laser technology for material processing.
Over the projection period, government laws governing the use of this technique in product marking and engraving are expected to positively impact market growth. Due to the technology utilized in a wide range of applications, such as welding, marking, piercing, cutting, and engraving, the market is expected to rise rapidly in the coming years.
One of Italy's most important industries is the automobile. In 2019, sales were about €106 billion accounting for 11% of Italy's industrial turnover and 6.2 percent of GDP. The transition from internal combustion engines to electromobility (hybrid and electric) is altering the industry. The expansion of the aftermarket industry in Italy may also be influenced by major changes in the circulation stock.
Purchase incentives and restrictions on traditional cars' access into city centers are assisting in the uptake of hybrid electric vehicles. The Ministry of Commerce And industry provides incentives for the purchase of low-emission vehicles, which are available for both cars and light trucks. The national incentives, which are in effect until December 31, 2021, are meant to promote accessibility and sustainably promote the automotive sector.
Incentives to acquire electric vehicles, on the other hand, are insufficient to enable this mobility shift. To allow users to charge their automobiles fast and safely, proper charging infrastructure is required. In Italy, the quantity of charging stations is steadily increasing (23,000 units in June 2021) the investment in the automobile sector increases the growth of the vehicle manufacturing which drives the growth of the laser processing in this region.
The Germany market dominated the Europe Laser Processing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,094.2 million by 2028. The UK market is estimated to grow at a CAGR of 7.9% during (2022 - 2028). Additionally, The France market would witness a CAGR of 9.5% during (2022 - 2028).
Based on Process, the market is segmented into Material Processing, Marking & Engraving, Micro-Processing. Based on Application, the market is segmented into Machine Tools, Electronics and Microelectronics, Automotive, Medical, Packaging, Aerospace, and Others. Based on Product, the market is segmented into Gas Lasers, Solid-state Lasers, Fiber Lasers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Laser Processing Market Size will Hit $31.4 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., IPG Photonics Corporation, Lumentum Holdings, Inc., Jenoptik AG, TRUMPF GmbH + Co. KG, Han’s Laser Technology Industry Group Co., Ltd., Epilog Laser, LUMIBIRD, LaserStar Technologies Corporation, and Gravotech Marking.
Scope of the Study
Market Segments Covered in the Report:
By Process
- Material Processing
- Marking & Engraving
- Micro-Processing
By Application
- Machine Tools
- Electronics and Microelectronics
- Automotive
- Medical
- Packaging
- Aerospace
- Others
By Product
- Gas Lasers
- Solid-state Lasers
- Fiber Lasers
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Coherent, Inc.
- IPG Photonics Corporation
- Lumentum Holdings, Inc.
- Jenoptik AG
- TRUMPF GmbH + Co. KG
- Han’s Laser Technology Industry Group Co., Ltd.
- Epilog Laser
- LUMIBIRD
- LaserStar Technologies Corporation
- Gravotech Marking
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Laser Processing Market, by Process
1.4.2 Europe Laser Processing Market, by Application
1.4.3 Europe Laser Processing Market, by Product
1.4.4 Europe Laser Processing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2022, Apr) Leading Players
Chapter 4. Europe Laser Processing Market by Process
4.1 Europe Material Processing Market by Country
4.2 Europe Marking & Engraving Market by Country
4.3 Europe Micro-Processing Market by Country
Chapter 5. Europe Laser Processing Market by Application
5.1 Europe Machine Tools Market by Country
5.2 Europe Electronics and Microelectronics Market by Country
5.3 Europe Automotive Market by Country
5.4 Europe Medical Market by Country
5.5 Europe Packaging Market by Country
5.6 Europe Aerospace Market by Country
5.7 Europe Others Market by Country
Chapter 6. Europe Laser Processing Market by Product
6.1 Europe Gas Lasers Market by Country
6.2 Europe Solid-state Lasers Market by Country
6.3 Europe Fiber Lasers Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Laser Processing Market by Country
7.1 Germany Laser Processing Market
7.1.1 Germany Laser Processing Market by Process
7.1.2 Germany Laser Processing Market by Application
7.1.3 Germany Laser Processing Market by Product
7.2 UK Laser Processing Market
7.2.1 UK Laser Processing Market by Process
7.2.2 UK Laser Processing Market by Application
7.2.3 UK Laser Processing Market by Product
7.3 France Laser Processing Market
7.3.1 France Laser Processing Market by Process
7.3.2 France Laser Processing Market by Application
7.3.3 France Laser Processing Market by Product
7.4 Russia Laser Processing Market
7.4.1 Russia Laser Processing Market by Process
7.4.2 Russia Laser Processing Market by Application
7.4.3 Russia Laser Processing Market by Product
7.5 Spain Laser Processing Market
7.5.1 Spain Laser Processing Market by Process
7.5.2 Spain Laser Processing Market by Application
7.5.3 Spain Laser Processing Market by Product
7.6 Italy Laser Processing Market
7.6.1 Italy Laser Processing Market by Process
7.6.2 Italy Laser Processing Market by Application
7.6.3 Italy Laser Processing Market by Product
7.7 Rest of Europe Laser Processing Market
7.7.1 Rest of Europe Laser Processing Market by Process
7.7.2 Rest of Europe Laser Processing Market by Application
7.7.3 Rest of Europe Laser Processing Market by Product
Chapter 8. Company Profiles
8.1 Coherent, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 IPG Photonics Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.3 Lumentum Holdings, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Jenoptik AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 TRUMPF GmbH + Co. KG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Han's Laser Technology Industry Group Co., Ltd.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Geographical Expansions:
8.7 Epilog Laser
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 LUMIBIRD
8.8.1 Company Overview
8.9 LaserStar Technologies Corporation
8.9.1 Company Overview
8.10. Gravotech Marking
8.10.1 Company Overview
TABLE 1 Europe Laser Processing Market, 2018 - 2021, USD Million
TABLE 2 Europe Laser Processing Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Laser Processing Market
TABLE 4 Product Launches And Product Expansions– Laser Processing Market
TABLE 5 Acquisition and Mergers– Laser Processing Market
TABLE 6 Geographical expansions- Laser Processing Market
TABLE 7 Europe Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 8 Europe Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 9 Europe Material Processing Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Material Processing Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Marking & Engraving Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Marking & Engraving Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Micro-Processing Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Micro-Processing Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 16 Europe Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 17 Europe Machine Tools Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Machine Tools Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Electronics and Microelectronics Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Electronics and Microelectronics Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Automotive Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Automotive Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Medical Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Medical Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Packaging Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Packaging Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 32 Europe Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 33 Europe Gas Lasers Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Gas Lasers Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Solid-state Lasers Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Solid-state Lasers Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Fiber Lasers Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Fiber Lasers Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Laser Processing Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Laser Processing Market by Country, 2022 - 2028, USD Million
TABLE 43 Germany Laser Processing Market, 2018 - 2021, USD Million
TABLE 44 Germany Laser Processing Market, 2022 - 2028, USD Million
TABLE 45 Germany Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 46 Germany Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 47 Germany Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 48 Germany Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 49 Germany Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 50 Germany Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 51 UK Laser Processing Market, 2018 - 2021, USD Million
TABLE 52 UK Laser Processing Market, 2022 - 2028, USD Million
TABLE 53 UK Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 54 UK Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 55 UK Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 56 UK Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 57 UK Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 58 UK Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 59 France Laser Processing Market, 2018 - 2021, USD Million
TABLE 60 France Laser Processing Market, 2022 - 2028, USD Million
TABLE 61 France Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 62 France Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 63 France Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 64 France Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 65 France Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 66 France Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 67 Russia Laser Processing Market, 2018 - 2021, USD Million
TABLE 68 Russia Laser Processing Market, 2022 - 2028, USD Million
TABLE 69 Russia Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 70 Russia Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 71 Russia Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 72 Russia Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 73 Russia Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 74 Russia Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 75 Spain Laser Processing Market, 2018 - 2021, USD Million
TABLE 76 Spain Laser Processing Market, 2022 - 2028, USD Million
TABLE 77 Spain Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 78 Spain Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 79 Spain Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 80 Spain Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 81 Spain Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 82 Spain Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 83 Italy Laser Processing Market, 2018 - 2021, USD Million
TABLE 84 Italy Laser Processing Market, 2022 - 2028, USD Million
TABLE 85 Italy Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 86 Italy Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 87 Italy Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 88 Italy Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 89 Italy Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 90 Italy Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 91 Rest of Europe Laser Processing Market, 2018 - 2021, USD Million
TABLE 92 Rest of Europe Laser Processing Market, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 99 Key Information – Coherent, Inc.
TABLE 100 Key Information – IPG Photonics Corporation
TABLE 101 Key Information – Lumentum Holdings, Inc.
TABLE 102 Key Information – Jenoptik AG
TABLE 103 Key Information – TRUMPF GmbH + Co. KG
TABLE 104 Key Information – Han's Laser Technology Industry Group Co., Ltd.
TABLE 105 Key Information – Epilog Laser
TABLE 106 Key Information – LUMIBIRD
TABLE 107 Key Information – LaserStar Technologies Corporation
TABLE 108 Key Information – Gravotech Marking
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2022, apr) Leading Players
FIG 5 Recent strategies and developments: Coherent, Inc.
FIG 6 Recent strategies and developments: IPG Photonics Corporation
FIG 7 Recent strategies and developments: Jenoptik AG
FIG 8 Recent strategies and developments: TRUMPF GmbH + Co. KG