Latest Breaking News On - Laser welding - Page 9 : comparemela.com

Share this article Share this article ResearchAndMarkets.com s offering. The boom of materials processing in China over the past decade has spurred the country s laser processing equipment market which saw rising sales, up to RMB65.8 billion in 2019, with a 5-year CAGR as high as 20.41%. It is predicted that China s laser processing equipment market will ring in a tardy development period, being expectedly worth RMB96.4 billion in 2026, showing a CAGR of 5.6% during the period since 2019, due to the periodic downturn in automobile and 3C industries, the devastating COVID-19 pandemic worldwide, policy risks issuing from Sino-US trade tensions, and fiercer homogeneous competition in the industry.

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