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![[English Market Research Report] Laser Welding Machine Market](https://image.mono.ipros.com/public/product/image/a89/2000845769/IPROS16587261194423573351.png?w=280&h=280)
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The market size of laser welding machines is expected to be 423.2 million USD this fiscal year, and it is projected to grow at a CAGR of over 5% during the forecast period.
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The global laser welding machine market is expected to grow from 1.26 billion USD in 2022 to 1.32 billion USD in 2023, with a CAGR of 4.6%. The war between Russia and Ukraine has disrupted the potential for global economic recovery from the COVID-19 pandemic, at least in the short term. This war between the two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and impacting many markets worldwide. The laser welding machine market is projected to reach 1.55 billion USD by 2027, with a CAGR of 4.2%.
