Middle East & Africa Laser Processing Market Size & Outlook
Middle East & Africa laser processing market, 2018-2030 (US$M)
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MEA laser processing market highlights
- The MEA laser processing market generated a revenue of USD 344.9 million in 2022.
- The market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, gas lasers was the largest revenue generating product in 2022.
- Fiber Lasers is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 344.9 million |
| Market revenue in 2030 | USD 668.8 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Gas lasers |
| Fastest growing segment | Fiber Lasers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas Lasers, Solid State Lasers, Fiber Lasers |
| Key market players worldwide | Altech Batteries, AMADA Co Ltd, Bystronic AG Bearer Shares, Epilog Laser, Han's Laser Technology Industry Group, IPG Photonics Corp, MKS Instruments Inc, LaserStar Tech USA, Coherent Corp, TRUMPF |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global laser processing market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,197.4 million by 2030.
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Laser Processing Market Scope
Laser Processing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa laser processing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laser processing market will help companies and investors design strategic landscapes.
Gas lasers was the largest segment with a revenue share of 57.26% in 2024. Horizon Databook has segmented the Middle East & Africa laser processing market based on gas lasers, solid state lasers, fiber lasers covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa laser processing market databook
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Our clientele includes a mix of laser processing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa laser processing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa laser processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA laser processing market size, by country, 2018-2030 (US$M)
Middle East & Africa Laser Processing Market Outlook Share, 2024 & 2030 (US$M)
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