USD 8.8 billion
Laser Marking Machine Market Size, Share, Growth Analysis, By Type(Fiber laser, CO2 laser, and diode laser), By Laser(Continuous wave (CW) laser and pulsed laser), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2136 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Laser Marking Machine Market Insights
Laser Marking Machine Market size was valued at USD 9.09 billion in 2022 and is poised to grow from USD 9.38 billion in 2023 to USD 12.17 billion by 2031, growing at a CAGR of 3.3% during the forecast period (2024-2031).
The global laser marking machine market has experienced significant growth, largely driven by the increasing adoption of laser marking machines in automation processes for mass manufacturing. These machines offer unparalleled precision and speed, making them ideal for marking logos, bar codes, and matrix codes on almost all types of materials.
The outbreak of the COVID-19 pandemic has further accelerated the demand for laser marking machines in the medical sector. With the surge in demand for masks, medical devices, and COVID-19 testing kits, manufacturers are turning to laser marking machines to mark their brand names, certifications, and vital information on these products. In the case of COVID-19 testing kits, the use of UV lasers ensures that patient identification is not compromised.
This growing demand for laser marking machines in the medical industry has been a significant driving force for market growth, as it allows manufacturers to ensure product traceability, authenticity, and patient safety with precise and permanent markings.
As industries continue to prioritize automation, product quality, and traceability, the laser marking machine market is poised for continued expansion and innovation to meet these evolving needs.
US Laser Marking Machine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
fiber laser
Fastest Growth
fiber laser
Growth Rate
3.3% CAGR
Global Laser Marking Machine Market ($ Bn)
Country Share for North America Region (%)
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Laser Marking Machine Market Segmental Analysis
The market is segmented by type, laser, application, and region. By type, the market is segmented into fiber laser, CO2 laser, and diode laser. By laser, the market is segmented into continuous wave (CW) laser and pulsed laser. By application, the market is segmented into metal, plastic, wood, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Laser Marking Machine Market Analysis By Type
In the flourishing global laser marking machine market, the largest segment is the fiber laser, emerging as the undisputed frontrunner in industrial and commercial applications. Fiber laser technology's unparalleled precision, speed, and versatility make it a highly sought-after choice across various industries. With exceptional beam quality and energy efficiency, fiber lasers are capable of marking a wide range of materials with unparalleled accuracy, including metals, plastics, ceramics, and more. The remarkable dominance of the fiber laser segment is further supported by its widespread adoption in industries such as automotive, aerospace, electronics, and medical, where precision marking and permanent identification are crucial for product traceability and brand integrity.
Meanwhile, the fastest-growing segment in the market is the diode laser, experiencing a meteoric rise with an impressive CAGR of over 10% in recent years. Diode lasers' compact size, affordability, and user-friendly features have positioned them as the preferred choice for small and medium-scale enterprises. As more industries recognize the value of laser marking for product personalization, labeling, and anti-counterfeiting measures, the demand for diode laser marking machines continues to surge. Additionally, the growing trend towards eco-friendly and low-maintenance solutions has further contributed to the exponential growth of the diode laser segment.
Laser Marking Machine Market Analysis By Laser
In the dynamic global laser marking machine market, the largest segment is the pulsed laser, which has established itself as the frontrunner in various industrial applications. Pulsed lasers, known for their versatility and exceptional precision, are widely preferred for their ability to deliver high-energy bursts of laser beams in controlled pulses. This unique characteristic enables pulsed lasers to achieve intricate and precise markings on a wide range of materials, including metals, plastics, ceramics, and more. As industries increasingly prioritize intricate and high-quality markings for product identification, branding, and traceability, the demand for pulsed laser marking machines continues to surge. Moreover, the ability of pulsed lasers to generate both fine and deep markings further solidifies their dominance in the market.
On the other hand, the fastest-growing segment in the market is the continuous wave (CW) laser, exhibiting remarkable growth with a substantial CAGR of over 12% in recent years. The attractiveness of CW lasers lies in their ability to produce a continuous, steady stream of laser beams, which is particularly advantageous for certain industrial processes that require consistent and continuous laser energy. Additionally, CW lasers have gained traction in the medical sector, where they are used for precision surgical procedures, including tissue cutting and ablation. The expanding applications of CW lasers in various industries, coupled with advancements in laser technology and manufacturing, contribute to the segment's impressive growth rate.
Global Laser Marking Machine Market By Type
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Laser Marking Machine Market Regional Insights
In the captivating global laser marking machine market, North America stands tall as the dominating region, leaving an indelible mark on the industry's landscape. With a robust industrial sector, advanced manufacturing capabilities, and a strong focus on innovation, North America holds a substantial market share. The region's industrial prowess and technological advancements have positioned it as a key destination for laser marking solutions across diverse industries, including automotive, aerospace, electronics, and medical. As a leader in adopting cutting-edge technologies, North America's dominance is characterized by its relentless pursuit of precision and efficiency, making it a powerhouse for laser marking machine manufacturers and suppliers.
Meanwhile, the fastest-growing region in the market is the Asia-Pacific, boasting a remarkable CAGR of over 15%. The region's rapid industrialization, burgeoning manufacturing activities, and growing emphasis on product quality and traceability are driving the surging demand for laser marking machines. Countries like China, India, and Japan are emerging as key players, with a burgeoning manufacturing sector and a rising focus on product branding and anti-counterfeiting measures. The Asia-Pacific region's vibrant economic landscape and increasing investment in technological advancements position it as the epicenter of growth and innovation, propelling the laser marking machine market to new heights.
Global Laser Marking Machine Market By Geography
- Largest
- Fastest
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Laser Marking Machine Market Dynamics
Laser Marking Machine Market Drivers
Growing Demand for Product Traceability and Anti-Counterfeiting Measures
- The increasing need for product traceability, authenticity, and anti-counterfeiting measures is a significant driver for the adoption of laser marking machines. Various industries, including automotive, aerospace, electronics, and pharmaceuticals, require precise and permanent markings on their products to ensure traceability throughout the supply chain and combat the proliferation of counterfeit goods. Laser marking machines offer high-quality and tamper-resistant markings, making them an ideal choice for manufacturers seeking reliable and efficient product identification solutions.
Advancements in Laser Technology
- Continuous advancements in laser technology have significantly contributed to the growth of the laser marking machine market. Innovations such as fiber lasers, which offer superior beam quality, energy efficiency, and maintenance-free operation, have expanded the application scope of laser marking machines. Moreover, the development of compact and user-friendly machines has made it easier for industries to integrate laser marking into their production processes, further driving the adoption of these machines.
Laser Marking Machine Market Restraints
High Initial Investment Cost
- The initial investment cost of laser marking machines can be a significant restraint for some businesses, especially small and medium-sized enterprises (SMEs). The cost of acquiring and setting up laser marking systems, along with ongoing maintenance and training expenses, may pose challenges for budget-constrained companies. As a result, the adoption of laser marking machines might be limited in certain industries or regions with financial constraints.
Stringent Regulatory Compliance
- In some industries, especially those related to medical devices and aerospace, the use of laser marking machines is subject to stringent regulatory compliance. Manufacturers must adhere to specific standards and certifications to ensure the safety and reliability of their marked products. Meeting these regulatory requirements can be complex and time-consuming, potentially impeding the widespread adoption of laser marking machines in certain industries where compliance is a critical concern.
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Laser Marking Machine Market Competitive Landscape
The competitive landscape of the global laser marking machine market is characterized by intense competition among several key players and emerging entrants striving to establish their presence and gain a competitive edge. Key manufacturers in the market are continuously investing in research and development to introduce innovative products and technological advancements that cater to diverse industries' evolving needs. The market is dominated by well-established companies with a strong global presence, offering a wide range of laser marking machines to cater to various applications. At the same time, the market also witnesses the entry of new players and smaller manufacturers offering cost-effective and niche-specific laser marking solutions. Such strategic moves enable companies to stay ahead in the market and address the diverse requirements of different industries. Overall, the global laser marking machine market's competitive landscape is vibrant and dynamic, driven by technological advancements, customer demands, and industry-specific requirements. As the market continues to evolve, competition is expected to intensify further, leading to more innovations and advancements that benefit end-users and drive the growth of the laser marking machine industry.
Laser Marking Machine Market Top Player’s Company Profiles
- Trumpf GmbH + Co. KG - Germany
- Han's Laser Technology Industry Group Co., Ltd. - China
- Gravotech Group - France
- Epilog Laser - United States
- Trotec Laser GmbH - Austria
- Jenoptik AG - Germany
- Telesis Technologies, Inc. - United States
- FOBA Laser Marking + Engraving (ALLTEC GmbH) - Germany
- Coherent, Inc. - United States
- IPG Photonics Corporation - United States
- Videojet Technologies, Inc. (Danaher Corporation) - United States
- Mecco Partners LLC - United States
- Rofin-Sinar Technologies Inc. (Coherent, Inc.) - United States
- TYKMA Electrox - United States
- Keyence Corporation - Japan
- Schmidt Marking Systems GmbH - Germany
- Gravograph - France
- Lasit S.p.A. - Italy
- Panasonic Corporation - Japan
- Amada Miyachi Co., Ltd. - Japan
Laser Marking Machine Market Recent Developments
- In June 2023, Trumpf, a leading global technology company, made a significant breakthrough with the introduction of its latest innovation, the TruMark 3000 fiber laser marking machine.
- In May 2023, Han's Laser, a renowned leader in laser technology, unveiled its latest innovation, the HL-M1260 diode laser marking machine.
Laser Marking Machine Key Market Trends
Increasing Adoption of Laser Marking in 3D Printing
- One notable trend was the integration of laser marking technology into the 3D printing process. Laser marking is used to add labels, logos, and identification codes directly onto 3D printed objects, enhancing their traceability and branding. This trend was particularly significant in industries like aerospace, automotive, and healthcare, where 3D printing is gaining traction for prototyping and customized manufacturing. By incorporating laser marking capabilities into the 3D printing process, manufacturers could create functional and aesthetically appealing parts with embedded identification information.
Rising Demand for Green Laser Marking
- Another emerging trend was the growing interest in green laser marking. Green lasers, which operate in the green spectrum (around 532 nm), offer certain advantages over traditional infrared lasers commonly used in laser marking machines. Green laser marking provides better contrast on certain materials, such as reflective metals, plastics, and glass, leading to clearer and more legible markings. Additionally, green laser marking is well-suited for high-speed and high-resolution applications. As industries sought more efficient and versatile laser marking solutions, the demand for green lasers and their integration into laser marking machines increased.
Laser Marking Machine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global laser marking machine market was experiencing robust growth, driven by several key factors. The market was witnessing increased adoption of laser marking machines across various industries, including automotive, aerospace, electronics, medical devices, and consumer goods. Additionally, laser marking machines offered high-speed and high-throughput capabilities, making them ideal for mass production and industrial applications. The market was witnessing continuous technological advancements, with manufacturers focusing on developing compact and user-friendly machines that can be easily integrated into existing production lines. Moreover, there was a growing trend towards the adoption of fiber lasers due to their superior beam quality, energy efficiency, and maintenance-free operation.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.8 billion |
| Market size value in 2031 | USD 11.79 billion |
| Growth Rate | 3.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Laser Marking Machine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Laser Marking Machine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Laser Marking Machine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Laser Marking Machine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Laser Marking Machine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Laser Marking Machine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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