Laser Marking Machine Market Size, Share, Growth 2022 to 2031, Forecast by Manufacturers, Regions, Global Type and Application

Kenneth Research, in its repository of market research reports, have recently added a report on Laser Marking Machine Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Laser Marking Machine Market products.

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REPORT HIGHLIGHT

The laser marking machine market was valued at USD 2.26 billion by 2017, growing with 5.4% CAGR during the forecast period, 2018-2025

Market Dynamics

Laser marking is employed for labeling and marking work pieces or materials. Various procedures are used in marking such as engraving, staining, removing, annealing and foaming. Each procedure has its own pros and cons depending on the quality required and the material used. These devices are utilized by many industries for marking serial number, component labeling, bar-codes, date codes and individual part numbers. The industry is anticipated to touch notable revenue till 2025 owing to the emergence of advanced technologies coupled with its acceptance by automobile and aerospace industries for precise marking. This technology is always preferred in these fields as it is used to emboss permanent alphanumeric details on products like brand name, batch number etc.

This market is also expected to grow because of the absence of alternative technologies for laser marking machines. New arena of applications like personalized gifts is anticipated to stimulate the demand for such technologies during the study period. Moreover, growing demand of leather products and customized jewelry will propel the industry in near future. However high initial investment and lack of adoption of this technology in underdeveloped regions are major restraint for this market.

Product Takeaway

On the basis of products, the market is categorized as UV, Fiber, CO2, Green and YAG laser. Fiber laser is achieving popularity in various industries like automotive, medical, aerospace, machine tools, packaging, electronics and military. This market is expected to accelerate at the fastest rate owing to its flexibility and hassle-free integration in production lines. It is anticipated to remain ahead in the market in the coming years with a share of over 40%.

On the other side, CO2 laser is projected to gain significant share till 2025. And this is because of its compatibility for various wavelengths and utility in drilling, cutting, perforating and welding.

Application Takeaway

On the basis of application, the industry is divided into aerospace, automotive, electronics & microelectronics, machine tool, medical, packaging, military and others. Machine tool segment has taken the largest share of laser marking equipment market. It has the fastest growing market with a revenue share of 30%. With the increase in demand of mid and high end machines tools in industries like marine, aerospace, automobile, the market will witness a spurring growth in terms of revenue during the forecast period.

These machines are also used predominantly in semiconductor & electronics industry for silicon wafers and Printed Circuit Boards (PCBs) marking. It is anticipated to witness substantial growth because of its wide application in all major industries and government regulations for permanent marks for trace-ability.

Regional Takeaway

North America and Europe regions are witnessing excellent growth. Favorable government regulations on embossing medical equipment and surgical devices support the significant growth in these regions. On the flip side, Asia-Pacific region captured over 38% revenue share in 2017 and is likely to dominate the market in near future. Also with the involvement of big companies in Asia-Pacific region because of economical work force, the market is expected to grow exponentially in this region.

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Key Vendor Takeaway

The major players involved in this industry are Han’s Laser, Gravotech Marking, Epilog Laser. Along with core machinery, these companies are involved in software solutions for using marking machines. Companies are focusing on innovations for remaining ahead in this competitive industry. For instance, Videojet has come up with Videojet 3340 Pharma Line (30-Watt) CO2 laser marking system. The company aimed to offer powerful combination of flexibility and performance by delivering high quality laser marks on moderate to high speed lines. Additionally, Gravotech Marking introduced cutting and engraving solution LS1oooXP. It comprises of various functions for minimizing production time and boosting up usability.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government Agencies

Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

UV Laser

Fiber Laser

CO2 Laser

Green Laser

YAG Laser

MARKET, BY APPLICATION

Aerospace

Automotive

Electronics & Microelectronics

Machine Tool

Medical

Packaging

Military

Others

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of Asia Pacific

Rest of the World

Middle East and Africa

Latin America

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