Global Laser Marking Machine Market Size 2024, Forecast To 2033
11 Mar, 2024
The laser marking machine market has demonstrated robust growth, elevating from $2.82 billion in 2023 to $3.05 billion in 2024, manifesting a notable compound annual growth rate (CAGR) of 8.3%. This upswing in the historic period is attributed to the widespread adoption of laser marking across diverse end-users, the integration of lasers in additive manufacturing, increased penetration of electronic devices, growing industrial automation, and a surge in laser technology adoption. Looking forward to 2028, the market is poised for strong growth, forecasted to reach $4.15 billion with a CAGR of 8.0%. Projected catalysts for this growth include escalating demand for material processing and heightened investment in research and development. Dominant trends in the forecast period encompass a focus on developing innovative laser marking products, heightened merger and acquisition activities, the integration of artificial intelligence (AI) and machine learning (ML) applications, substantial investments in technological advancements, and strategic collaborations and partnerships.
Global Laser Marking Machine Market Key Driver
The market for industrial lasers is on the rise, driven by the increasing demand for material processing across various applications, including industrial machinery, automotive, aerospace, and construction. The adoption of laser systems for material processing is expanding, offering benefits such as enhanced productivity, flexibility, and efficiency. In January 2022, TRUMPF, a German industrial machine manufacturing company, collaborated with Fraunhofer Institute for Laser Technology ILT to advance laser material deposition research and expedite the technology's market introduction. The collaboration leverages the expertise of Fraunhofer Institute for Laser Technology ILT in creating cutting-edge laser beam sources and premium optical parts and systems. Thus, the growing demand for material processing is boosting the market for industrial lasers, with market sizes in 2023, 2024, and 2028 influencing its development.
Get A Free Sample Of The Global Laser Marking Machine Market ReportGlobal Laser Marking Machine Market Segments
The laser marking machine market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Type: Fiber Laser, CO2 Laser, Green Laser, UV Laser, YAG Laser, Other Types
3) By Application: Machine Tools, Electronics And Microelectronics, Automotive, Medical, Aerospace, Packaging, Military, Other Applications
By Geography:The regions covered in the laser marking machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the laser marking machine market in 2023. The regions covered in the laser marking machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Laser Marking Machine Industry Players
Han's Laser Technology Industry Group Co. Ltd, TRUMPF Group, IPG Photonics Corporation, Keyence Corporation, Coherent Inc, Videojet Technologies Inc, Trotec Laser GmbH, Universal Laser Systems Inc, Epilog Laser, Novanta Inc, EtchON, Light Mechanics, Future Bit, Connect Automation, Proarc, Jinan Lingxiu Laser Equipment Co. Ltd, Chutian Laser, Lead Laser, Bystronic DNE, HSG Laser, Bodor Laser, Hymson, ROFIN-SINAR Laser GmbH, ES Precision, Solaris Laser S.A, Aramis Laser Systems, Eagle Lasers, Laser Systems S.R.L, LVD Group, Laser Processing, Histeresis, Radan, Laser Tech, Medicom, Gravotech Marking, TYKMA Electrox, LaserStar Technologies Corporation, Welle Laser, Amada Miyachi America, El.En. S.p.A, Apex International, Sisma, Civan Lasers, Neo Laser, Spectra Physics, Laseral, Amplitude, Quanta System, Lantek, Deka, Dar Elhamd, Maxlazer, SLTL, MER Systems, SA Argus, Applied Laser Power
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Laser Marking Machine Market Overview
Laser marking refers to a permanent process that uses a beam of concentrated light to create a lasting mark on a surface. It utilizes a concentrated beam of light to leave a permanent mark on a surface. A fiber, pulsed, continuous wave, green, or UV laser system is commonly used for laser marking, and it covers a wide range of applications. Laser marking employs no consumables and requires less maintenance than other non-permanent marking procedures like printing or labeling.
Laser Marking Machine Global Market Report 2023 provides data on the global laser marking machine market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laser marking machine market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.