CO2 Laser Market Trends

Request Free Sample Copy

Report ID: 5151
Published Date: Dec 20, 2024
Report Format: PDF, PPT

Buy Now

CO2 Laser Sector: Growth Driver and Challenges

Growth Drivers

Expansion of Automotive Sector – Currently co2 lasers have become a notable choice in the automotive sector owing to a wide variety of benefits and properties. With increasing disposable income, no-cost EMIs, and increasing urbanization all across the globe the automotive sector is reaching greater heights and receiving high traction. In 2021, globally around 67 million units of passenger cars were sold. Vehicle manufacturers use co2 laser cutting machines as they offer the best quality finished cutting, high precision, and processing and it also has the potential to cut complex designs in automobiles. Thus, with the development in the technology and designs of automobiles rapidly the traditional cutting system is being replaced by the co2 laser cutting machines.
High Demand in Healthcare Sector - Co2 lasers are hugely used in the healthcare sector for several applications such as surgeries, diagnosis, dermatology, and dentistry. Besides, they are also widely used in the manufacturing of various medical devices such as heart valves, stents, and many more. Thus, the growing integration of co2 laser in this sector is further influencing the growth of the market in the future.
Growing Shift towards Electric Mobility – The increasing shift towards electric vehicles is another significant factor driving the growth of the CO2 laser market in the forecast timeframe. They are used in welding the battery cells together in electric vehicle batteries. This is a vital process as it makes sure that the batteries are properly sealed and that cells are connected in the right manner. From 4% in 2020 to 14% in 2022, the proportion of electric vehicles in overall sales has more than quadrupled in only three years across the globe.

Challenges

Environmental Concerns Associated – The co2 laser emits carbon dioxide which is a greenhouse gas responsible for global warming. As environmental standards are becoming more strict, industries may face pressure to adopt greener technologies which might affect the growth of this market in the upcoming future.
Competition from Alternatives Technologies
Import and Export Standards Associated

CO2 Laser Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	5.5%
Base Year Market Size (2024)	USD 2.23 billion
Forecast Year Market Size (2037)	USD 4.47 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse key industry insights with market data tables & charts from the report:

CO2 Laser Market Size & Share, Growth Trends 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of CO2 laser is estimated at USD 2.43 billion.

The CO2 laser market size was over USD 2.23 billion in 2024 and is anticipated to cross USD 4.47 billion by 2037, growing at more than 5.5% CAGR during the forecast period i.e., between 2025-2037. The growing demand from the healthcare industry increasing shift towards electrical mobility will propel the market growth.

North America industry is predicted to dominate majority revenue share of 34% by 2037, backed by increasing utilization of co2 laser cutting in the healthcare and aerospace sector in the region.

The major players in the market are Coherent Inc., PRC Laser Corporation, TRUMPF, LIGHT MACHINERY, INC., Boss Laser, LLC, Epilog Laser, Alma Lasers, SYNRAD, Kern Electronics & Lasers Inc., GSI Group Ltd.