![Global Laser Marking Machine Market](https://res.cloudinary.com/devmoveo/image/upload/v1691597014/skyquest/report/phppkyGvh.jpg)
Report ID: SQMIG45J2136
Report ID:
SQMIG45J2136 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Laser Marking Machine Market size was valued at USD 8.8 billion in 2021 and is poised to grow from USD 9.09 billion in 2022 to USD 11.79 billion by 2030, at a CAGR of 3.3% during the forecast period (2023-2030).
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.
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Report ID: SQMIG45J2136