What Has Been Laser Marking Machine Market in Recent Years?
The laser marking machine market has seen considerable growth due to a variety of factors.
• In the past few years, the laser marking machine market has seen robust growth. This trend is expected to continue, with the market expanding from a size of $3.03 billion in 2024 to $3.27 billion in 2025, representing a compound annual growth rate (CAGR) of 8.0%.
The historical growth of this sector has been influenced by multiple factors, including increased laser marking usage among end users, the application of lasers in additive manufacturing, a surge in the use of electronic devices, higher levels of industrial automation, and a growing acceptance of laser technology.
What Is the Forecasted Market Size and Growth Rate for The Laser Marking Machine Market?
The laser marking machine market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to enjoy robust expansion in the coming years, the laser marking machine market is projected to escalate to a value of $4.48 billion by 2029, boasting a Compound Annual Growth Rate (CAGR) of 8.2%.
This growth trajectory during the forecast period is largely attributed to an increasing demand in material processing, as well as heightened investments in research and development endeavors. Key trends predicted to shape the landscape of the laser marking machine market during this period include an emphasis on the creation of inventive laser marking products, an uptick in merger and acquisition activities, greater attention on the application of Artificial Intelligence (AI) and machine learning (ml), increased investments in technological progress, and a focus on initiating collaborative partnerships.
What Are The Key Drivers Fueling Growth In The Laser Marking Machine Market?
The market for laser marking machines is experiencing growth due to rising demand for material processing in various sectors such as industrial machinery, automotive, aerospace, and construction. The increasing utilization of laser systems for material processing is driving the need for industrial laser sources, with benefits including enhanced productivity, adaptability, and efficiency. For example, the Department for Business and Trade from GOV.UK reported in April 2023 that construction material imports had surged by 27.8% in 2022 compared to 2021, climbing from $24,157 million (£18,621 million) in 2021 to $30,877 million (£23,798 million) in 2022. Consequently, this escalating demand for material processing is propelling the laser marking machine market during the projected period.
What Key Areas Define The Segmentation Of The Global Laser Marking Machine Market?
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
Subsegments:
1) By Hardware: CO2 Laser Marking Machines, Fiber Laser Marking Machines, UV Laser Marking Machines, Green Laser Marking Machines
2) By Software: Marking Software, Design Software, Control Software
3) By Services: Installation And Setup Services, Maintenance And Support Services, Training Services
Pre-Book The Laser Marking Machine Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Laser Marking Machine Market?
Leading entities in the laser marking machine market are concentrating on the creation of breakthrough products such as green marking lasers. These lasers are known for their increased accuracy and versatility, able to work on diverse materials like metals and plastics. Green marking lasers emit green light typically used for details marking and engraving on a wide variety of materials such as metals, plastics and ceramics due to their visibility and precision. For example, in July 2024, Germany-based machine manufacturer, FOBA Laser Marking + Engraving, unveiled the V-Series marking lasers. These compact UV and green laser markers have been engineered for precision and long-lasting marking of plastics and other materials. With superior performance and reduced use of consumables, these lasers present a cost-efficient replacement to conventional marking technologies, making them suitable for a range of industrial uses.
Who Are the Key Players in the Laser Marking Machine Market?
Major companies operating in the laser marking machine market include:
• 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
What Is The Most Dominant Region In The Laser Marking Machine Market?
Asia-Pacific was the largest region in the laser marking machine market in 2024. The regions covered in the laser marking machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
