Laser Welding Service Market Insights Video

According to Cognitive Market Research, the global Laser Welding Service market size is USD 2159.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 863.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 647.85 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 496.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Latin America had a market share for more than 5% of the global revenue with a market size of USD 107.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
• The Gas Laser (CO2) held the highest Laser Welding Service market revenue share in 2024.