Report overview
Laser peening (LP), or laser shock peening (LSP), is a surface engineering process used to impart beneficial residual stresses in materials. The deep, high magnitude compressive residual stresses induced by laser peening increase the resistance of materials to surface-related failures, such as fatigue, fretting fatigue and stress corrosion cracking. Laser shock peening can also be used to strengthen thin sections, harden surfaces, shape or straighten parts (known as laser peen forming), break up hard materials, compact powdered metals and for other applications where high pressure, short duration shock waves offer desirable processing results. Sales in Value refers to the sales revenue of the equipment. Services Revenue refers to the revenue from using Laser Peening Equipment to provide services
This report aims to provide a comprehensive presentation of the global market for Laser Peening Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Laser Peening Equipment. This report contains market size and forecasts of Laser Peening Equipment in global, including the following market information:
Global Laser Peening Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Laser Peening Equipment Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Laser Peening Equipment companies in 2022 (%)
The global Laser Peening Equipment market was valued at US$ 27 million in 2022 and is projected to reach US$ 59 million by 2029, at a CAGR of 11.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core laser peening equipment manufactures include LSP Technologies, Inc., Toshiba, Tyrida Optical Electric Technology etc. In terms of product, stationary laser peening equipment is the largest segment, with a share over 80%. And in terms of application, the largest application is aerospace, followed by manufacturing industries and automotive.
We surveyed the Laser Peening Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Laser Peening Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, by Type, 2022 (%)
Stationary Laser Peening Equipment
Mobile Laser Peening Equipment
Global Laser Peening Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, by Application, 2022 (%)
Aerospace
Manufacturing
Automotive
Energy
Medical
Others
Global Laser Peening Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Laser Peening Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Laser Peening Equipment revenues share in global market, 2022 (%)
Key companies Laser Peening Equipment sales in global market, 2018-2023 (Estimated), (Units)
Key companies Laser Peening Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
LSP Technologies, Inc.
Toshiba
Tyrida Optical Electric Technology
Kunshan Carthing Precision
Outline of Major Chapters:
Chapter 1: Introduces the definition of Laser Peening Equipment, market overview.
Chapter 2: Global Laser Peening Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Laser Peening Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Laser Peening Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Laser Peening Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
