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.
This report focus on Laser Peening Equipment market.
This report contains market size and forecasts of Laser Peening Equipment in global, including the following market information:
Global Laser Peening Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Laser Peening Equipment Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Laser Peening Equipment companies in 2021 (%)
The global Laser Peening Equipment market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Stationary Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Laser Peening Equipment include LSP Technologies, Inc., Toshiba, Tyrida Optical Electric Technology and Kunshan Carthing Precision, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, by Type, 2021 (%)
Stationary Type
Mobile Type
Global Laser Peening Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, by Application, 2021 (%)
Aerospace
Manufacturing Industries
Automotive
Energy
Others
Global Laser Peening Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Laser Peening Equipment Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Laser Peening Equipment revenues share in global market, 2021 (%)
Key companies Laser Peening Equipment sales in global market, 2017-2022 (Estimated), (Units)
Key companies Laser Peening Equipment sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
LSP Technologies, Inc.
Toshiba
Tyrida Optical Electric Technology
Kunshan Carthing Precision