Laser Marking Machine Market Dynamics Forecast Analysis and Supply Demand By 2030

SHARE THIS ARTICLE

The global Laser Marking Machine market size is expected to be worth around US$ 15.03 billion by 2030, according to a new report by Vision Research Reports.

The global Laser Marking Machine market size was valued at US$ 10.76 billion in 2020 and is anticipated to grow at a CAGR of 18.0% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38374

Laser Marking Machine Market (By Product: CO2 Laser, Fiber Laser, Green Laser, UV Laser, YAG Laser; By Application: Automotive, Aerospace, Machine Tool, Electronics and Microelectronics, Medical, Packaging, Military, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

 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 are anticipated to fuel the market demand from 2020 to 2027.

Governments are implementing regulations for permanent marking on products for identification and traceability purposes across defense as well as healthcare industry. Such stringent government norms across economies are expected to spur the demand for laser marking machines and systems over the forecast period.

Growing focus on factory automation to enhance productivity, conserve energy, and reduce downtime is anticipated to propel the overall market demand. Moreover, emerging economies such as India are the primary markets where the trend for mass production can be witnessed over the next couple of years. Mass production can be carried out with the help of automation technologies and quick rollout assembly lines, hence attributing to the demand for automated laser marking machines. For instance, the demand for smartphones in the country has forced the manufacturers to start the local production or assembly of smartphone components.

Report Highlights

The fiber laser type segment accounted for the largest revenue share of over 53.0% in 2020 and is anticipated to register the fastest growth over the forecast period. This is attributed to its various benefits such as flexible fiber light, high optical quality, high output power, and compact size of the machine. Apart from fiber laser, other types of lasers considered in the study are, green, UV, and YAG lasers. 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 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. The 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.

The machine tool application segment accounted for the largest revenue share of around 35% in 2020. The growing functionality of lasers to provide permanent alphanumeric details on machine tools, such as batch numbers, 1D & 2D bar codes, designs, dates of manufacturing, brand names, manufacturer codes, and logos, is fueling the segment growth. 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, the 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 aerospace application segment is expected to register the fastest growth with a CAGR of over 10% from 2021 to 2030. 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, 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 and positively impacting the market growth.

Asia Pacific accounted for the largest market share of over 40% in 2020 and is expected to dominate the market over the forecast period. China and India are the major contributors to the growth of the regional market owing to the increased adoption of laser marking machines in manufacturing factories in the region. The market growth 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.

Report Coverage Details
Market Size US$ 15.03 billion by 2030
Growth Rate CAGR of 18.0% From 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application, Region
Companies Mentioned Han’s Laser Technology Industry Group Co., Ltd, Telesis Technologies, Inc., Videojet Technologies, Inc., Trotec Laser GmbH, Epilog Laser, TYKMA Electrox, Inc., MECCO, LaserStar Technologies Corporation, Gravotech Marking, Sea Force Co., Ltd.

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
  • LaserStar Technologies Corporation
  • Gravotech Marking
  • Sea Force Co., Ltd.

Market Segmentation

  • Type Outlook
    • CO2 Laser
    • Fiber Laser
    • Green Laser
    • UV Laser
    • YAG Laser
  • Application Outlook
    • Automotive
    • Aerospace
    • Machine Tool
    • Electronics and Microelectronics
    • Medical
    • Packaging
    • Military
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • 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.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38374 or call: +1 9197 992 333

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.

View all posts by Daksh →

Leave a Reply

Your email address will not be published. Required fields are marked *