Laser Marking Machine Market

Laser Marking Machine Market Will Reach US$ 4.5 Bn by 2027

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The global Laser Marking Machine market size is expected to be worth around US$ 4.5 billion by 2027, according to a new report by Vision Research Reports.

The global Laser Marking Machine market size was valued at US$ 2.5 billion in 2019 and is anticipated to grow at a CAGR of 7.6% during forecast period 2020 to 2027.

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Growth Factors

Laser marking systems are ideal for marking logos, bar codes, and matrix codes on almost all types of materials. In the automotive industry, markers are widely used for engraving serial numbers on tires without altering the tire structure. Besides, laser marking is also a versatile solution chosen to mark a wide range of aerospace parts as it extends extreme durability when compared to traditional engraving methods.

Rising adoption of advanced marking technologies across industries such as machine tools and aerospace and the growing demand for precision marking on manufactured products to improve product’s traceability are some of the factors driving the market growth. Wide-scale applications in the marking of machine tools and equipment especially in the automotive and semiconductor and electronics industries is anticipated to fuel the market demand from 2020 to 2027.

Type Insights

Based on type, the laser marking machine market has been segmented into CO2, fiber, green, UV, and YAG laser. The machines use different laser sources with different wavelengths; thus, each type of machine is used for a specific set of applications. For instance, CO2 laser marking machines are typically used for thinner and lesser rigid surfaces, while the fiber machines are used on more robust and hard surfaces. Hence, the wavelength of the laser source used in the machine plays an essential role in the selection of the machine type to be used for marking on a specific material. Increasing use of laser marking across varied applications such as aerospace and defense equipment and other metal equipment has proved to be beneficial for the market.

Moreover, the fiber laser marking machine was valued at USD 1.1 billion in 2019 and is anticipated to continue its dominance over the forecast period. The fiber machines are more technologically advanced and quicker in operation as compared to the gas machines. These machines are predominantly preferred for marking application related to metal surfaces and hence hold a majority of share in the automotive, machine tools, military, and aerospace applications.

Application Insights

Based on applications, the market has been segmented into automotive, aerospace, machine tool, electronics, and microelectronics, medical, packaging, military, and others. The machine tools industry dominated the market with a market share of over 31% in 2019, owing to the importance of marking for part identification and tracking purposes. The manufacturing sector is upgrading its operations, with concepts such as factory automation and smart factories to improve its production capacity through batch production. Moreover, increasing use of robotics and sensors has also highlighted the importance of tool identification and recognition, thus driving the demand for laser marking machines.

The electronics application accounted for 23% share in 2019 and is projected to grow at a CAGR of 6.7% over the forecast period. The application of laser marking machines has witnessed a tremendous increase over the past few years owing to the growing demand for electronic products. Besides, the electronic device manufactures are also focusing on diversification of product range to grab a larger share of the market, thus leading to an increase in the production of electronic devices, thus influencing the market demand.

Regional Insights

The Asia Pacific region dominated the market and is expected to expand at a CAGR of 8.5% over the forecast period. The growth in the region is primarily driven by the adoption of enhanced manufacturing techniques in the Chinese machine tools industry and the flourishing aerospace and military industry in the region. The region is expected to hold the majority of share by 2027 which can be attributed to excessive foreign investments and relocation of manufacturing facilities of numerous companies to countries such as India and China. For instance, the Belt and Road Initiative (BRI) and Make in India initiative are attracting investments for infrastructural development, which in turn would enhance the manufacturing sector in the country, thus generating the demand for laser marking machines.

The Europe market was valued at USD 732.2 million in 2019 owing to the dominance of automotive and automotive component manufacturers in countries such as Germany, Europe, Italy, and France. Besides, considerable growth in the aerospace and shipping industry is expected to fuel the market growth in the region. For instance, in December 2018, the government of the U.K. agreed to invest approximately USD 335 million in the Future Flight Challenge to support the advancement in aerospace technology.

Key Players

Han’s Laser Technology Industry Group Co., Ltd; Telesis Technologies, Inc.; Videojet Technologies, Inc.; Trotec Laser GmbH; Epilog Laser; TYKMA Electrox, Inc.; MECCO

Market Segmentation

Laser Marking Machine Type Outlook 

  • CO2 Laser
  • Fiber Laser
  • Green Laser
  • UV Laser
  • YAG Laser

Laser Marking Machine Application Type Outlook 

  • Automotive
  • Aerospace
  • Machine Tools
  • Electronics and Microelectronics
  • Medical
  • Packaging
  • Military
  • Others

Laser Marking Machine Regional Outlook 

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
  • Latin America
  • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

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