The latest report by IMARC Group, titled “Laser Marking Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global laser marking machine market is anticipated to grow at a CAGR of 7.4% during the forecast period (2023-2028). A laser marking machine relies on a focused beam of light to target a specific area and alter the surface of a material. It creates precise, quality, and high-contrast permanent laser marks that are easy to read or scan on any surface. Some commonly used markings include text for serial numbers, machine-readable data for barcodes, unique identification and matrix codes, and graphics. These markings are usually engraved on steel, titanium, aluminum, copper, ceramic, plastic, wood, glass, paper, cardboard, and other surfaces. As a result, laser marking machine is extensively used for discoloration, etching, annealing, carbon migration, and engraving applications.
Global Laser Marking Machine Market Trends:
The advent of Industry 4.0 and the rising product adoption in automation processes for mass manufacturing represent the primary factors driving the market growth. Apart from this, significant expansion in end use industries, including automotive, electronics, medical, aerospace, machine tools, and packaging, is another major growth-inducing factor. Moreover, these machines are gaining immense traction over traditional material marking techniques as they are more durable and convenient to read and scan. Along with this, the growing need for premium-quality custom marking and engraving on materials has catalyzed the demand for laser marking machines. In addition, the increasing product use in the automotive sector for carving serial numbers on tires without altering their structure has accelerated product adoption rates. Furthermore, the leading players are investing heavily in product innovations, such as the introduction of green laser marking machines that facilitate high-speed markings on electrical components, circuit boards, microchips, and capacitors with minimal environmental impact. In line with this, the implementation of stringent government regulations for markings on surgical and medical equipment to improve their traceability is positively influencing the market growth. Besides this, the escalating demand for unique device identification and deep engraving during the manufacturing process for inventory control, production flow control, traceability, and product quality validation has propelled the market growth. Other factors, including the rising adoption of smart manufacturing techniques, surging need for branding, elevating sales of personalized consumer goods, continual technological advancements, and rapid industrialization, are also providing a positive thrust to the market growth.
- Based on the type, the market has been classified into CO2, fiber, green, UV, YAG, and other lasers.
- On the basis of the application, the market has been segmented into automotive, aerospace, machine tool, electronics and semiconductor, medical, packaging, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Epilog Laser, Gravotech Engineering Pvt. Ltd., Han's Laser Technology Industry Group Co. Ltd., LaserStar Technologies Corporation, MECCO, Sea Force Co. Ltd., Telesis Technologies Inc. (Hitachi Industrial Equipment Systems Co. Ltd.), Trotec Laser GmbH (Trodat Inc.), TYKMA Electrox Inc. (600 Group PLC) and Videojet Technologies Inc. (Danaher Corporation).
|Base Year of the Analysis
||Type, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Epilog Laser, Gravotech Engineering Pvt. Ltd., Han's Laser Technology Industry Group Co. Ltd., LaserStar Technologies Corporation, MECCO, Sea Force Co. Ltd., Telesis Technologies Inc. (Hitachi Industrial Equipment Systems Co. Ltd.), Trotec Laser GmbH (Trodat Inc.), TYKMA Electrox Inc. (600 Group PLC) and Videojet Technologies Inc. (Danaher Corporation)
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