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The global laser marking machine market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
A laser marking machine is a piece of mechanical equipment used for engraving permanent laser marks or designs on a surface. It uses a beam of concentrated light to create marks through a fiber, green, YAG, ultraviolet (UV) or CO2 laser machine. This beam targets a specific area, which enables the machine to create precise, high-quality and high-contrast marks. The markings usually include text for serial numbers, machine-readable data for barcodes, unique identification codes and matrix codes and graphics. They are commonly engraved on various surfaces, such as steel, titanium, aluminum, copper, ceramic, plastic, wood, glass and paper.
Rapid industrialization across the globe, along with increasing automation in the manufacturing sector, is one of the key factors driving the growth of the market growth. Laser marking machines are widely used across various industries, such as automotive, electronics & semiconductor, medical, aerospace, machine tools, packaging and construction, for premium-quality custom marking and engraving on materials. As compared to the traditional material marking techniques, laser markings are more durable and convenient to read and scan, which is resulting in the increasing demand for marking machines. In line with this, these machines are also used in the automotive industry for engraving serial numbers of the tires without altering the tire structure. Additionally, various technological advancements, such as the development of green-laser marking machines, are acting as other growth-inducing factors. These innovative machines facilitate high-speed markings on electrical components, microchips, capacitors and circuit boards with minimal environmental impact. Other factors, including the rising consumer demand for personalized products, such as jewelry, leather purses and handbags, along with increasing expenditure capacities of consumers, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global laser marking machine market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Epilog Corporation, Gravotech Engineering PVT Ltd., Han's Laser Technology Industry Group Co. Ltd., LaserStar Technologies Corporation, MECCO, Sea Force Co. Ltd., Telesis Technologies Inc. (Tyden Group Holdings Corp.), Trotec Laser (Trodat GmbH), TYKMA Electrox Inc. and Videojet Technologies Inc. (Danaher Corporation).
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