Laser Marking Machine Market
Laser Marking Machine Market Size, Share & Trends Analysis Report by Laser Type(Fiber Laser, CO2 Laser, UV Laser, YAG Laser, and Others (Green lasers, Diode-Pumped Lasers, and many more)),and by Application(Electronics, Automotive, Medical Devices, and Others (Packaging, Jewelry, and many more)),Forecast Period (2024-2031)
Laser marking machine market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2024-2031). The rise in demand for precision marking which is achievable by laser marking machine as these machines are much accurate is a key factor contributing to the global market growth. The rising demand of customers in personalized machines is also contributing to the market growth.
The high initial investment cost of the laser marking machine and may restrain its market growth. Additionally, operating and maintaining laser marking machines efficiently requires specialized technical knowledge and skills. This necessitates training for workforce or hiring skilled personnel, increasing operational costs.
Segmental Outlook
The global laser marking machine market is segmented into laser type and application. Based on the laser type, the market is sub-segmented into fiber laser, co2 laser, UV laser, yag laser, and others. Further, based on application the market is sub-segmented into electronics, automotive, medical devices, and others.
Fiber Laser Sub-Segment Holds a Considerable Share of the Global Laser Marking Machine Market
Among the laser types, the fiber laser sub-segment holds a considerable share of the global laser marking machine market. The high demand for fiber laser owing to its offered benefits is a key factor driving the growth of this market segment. Their super-sharp, steady beam allows for precise and detailed markings on a variety of materials, overtaking other options like CO2 lasers. This makes them perfect for high-precision jobs. Fiber lasers also work incredibly fast, thanks to their rapid pulsing. This translates to increased production speed and efficiency for manufacturers. Additionally, this laser has a wider range of wavelengths compared to other technologies thus can mark on a much broader spectrum of materials, from metals and plastics to ceramics and even organic materials.
Regional Outlook
The global laser marking machine market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific holds the largest market in the global market. The e significant rise in the manufacturing sector across the region has driven the demand for laser marking machine across the region. China and India are leading the manufacturing sector and especially India in recent times has been heavily investing in local manufacturing. As the products are being made locally within the country and the labor of India and China are much cheaper than that of other regions so it makes the manufacturing cost is much cheaper in the Asia-Pacific region.
Global Laser Marking Machine Market Growth, by Region 2024-2031
North American is Expected to Grow at a Significant CAGR in the Global Laser Marking Machine Market
Among all regions, the North America is anticipated to grow at a considerable CAGR over the forecast period. Laser marking has become a popular choice for manufacturers in North America due to its precision, permanence, and versatility. This is particularly true in industries like aerospace, medical devices, and high-end electronics, where accurate and durable markings are essential. North American manufacturers have a history of adopting cutting-edge technologies early, and laser marking is no exception. They have embraced advanced technologies like fiber and ultrafast lasers, which offer unmatched speed, precision, and versatility. Additionally, the region's significant investment in research and development for laser marking technologies has led to continuous innovation, improving efficiency, cost-effectiveness, and application possibilities. This, in turn, has driven market growth. Moreover, North America's strong infrastructure and supply chains ensure timely access to equipment, spare parts, and servicing, minimizing downtime and maximizing productivity.?
Market Players Outlook
The major companies serving the Laser Marking Machine market include Coherent Corp., Han’s Laser Technology Industry Group Co., Ltd., IPG Photonics Corp., MECCO, TRUMPF, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2023, Coherent Corp. introduced its next-generation ultralow-cost Matrix nanosecond pulsed UV lasers for high-contrast marking applications in consumer goods, industrial electronics, home appliances, and packaging. These newly launched lasers are diode-pumped solid-state lasers that provide marking quality at almost half the cost of old-generation lasers.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global laser marking machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Application Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Coherent Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Han’s Laser Application Industry Group Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. IPG Photonics Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. MECCO
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. TRUMPF
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Laser Marking MACHINE MARKET by Laser Type
4.1.1. Fiber Laser
4.1.2. CO2 Laser
4.1.3. UV Laser
4.1.4. YAG Laser
4.1.5. Others (Green lasers, Diode-Pumped Lasers, and many more)
4.2. Global Laser Marking MACHINE MARKET by Application
4.2.1. Electronics
4.2.2. Automotive
4.2.3. Medical Devices
4.2.4. Others (Packaging, Jewelry, and many more)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ALLTEC AngewandteLaserlichtTechnologie GmbH (FOBA)
6.2. AMADA WELD TECH GmbH
6.3. Bystronic Group
6.4. Epilog Corp.
6.5. eurolaser GmbH
6.6. Gravotech
6.7. JENOPTIK AG
6.8. KEYENCE CORP.
6.9. Lumentum Holdings Inc.
6.10. LUMIBIRD SA
6.11. Novanta Inc.
6.12. Schmidt KunststoffverarbeitungEmsbüren GmbH & Co.KG
6.13. SEMI
6.14. SIC MARKING
6.15. Telesis Technologies, Inc.
6.16. Thomson Reuters Group
6.17. Trotec Laser GmbH
6.18. TYKMA Electrox
6.19. Universal Laser Systems, Inc.
6.20. VIDEOJET TECHNOLOGIES
1. GLOBAL LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY LASER TYPE, 2023-2031($ MILLION)
2. GLOBAL FIBER LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION,2023-2031($ MILLION)
3. GLOBAL CO2 LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
4. GLOBAL UV LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
5. GLOBAL YAG LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
6. GLOBAL OTHER LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
7. GLOBAL LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031($ MILLION)
8. GLOBAL LASER MARKING MACHINE FOR ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
9. GLOBAL LASER MARKING MACHINE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
10. GLOBAL LASER MARKING MACHINE FOR MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
11. GLOBAL LASER MARKING MACHINE FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
12. GLOBAL LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031($ MILLION)
13. NORTH AMERICAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031($ MILLION)
14. NORTH AMERICAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY LASER TYPE, 2023-2031($ MILLION)
15. NORTH AMERICAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031($ MILLION)
16. EUROPEAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031($ MILLION)
17. EUROPEAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY LASER TYPE, 2023-2031($ MILLION)
18. EUROPEAN LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031($ MILLION)
19. ASIA-PACIFICLASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031($ MILLION)
20. ASIA-PACIFICLASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY LASER TYPE, 2023-2031($ MILLION)
21. ASIA-PACIFICLASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031($ MILLION)
22. REST OF THE WORLD LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031($ MILLION)
23. REST OF THE WORLD LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY LASER TYPE, 2023-2031($ MILLION)
24. REST OF THE WORLD LASER MARKING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031($ MILLION)
1. GLOBAL LASER MARKING MACHINE MARKET SHARE BY LASER TYPE, 2023 VS 2031(%)
2. GLOBAL FIBER LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
3. GLOBAL CO2 LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
4. GLOBAL UV LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
5. GLOBAL YAG LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
6. GLOBAL OTHER LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
7. GLOBAL LASER MARKING MACHINE MARKET SHARE BY APPLICATION, 2023 VS 2031(%)
8. GLOBAL LASER MARKING MACHINE FOR ELECTRONICS MARKET SHARE BY REGION, 2023 VS 2031(%)
9. GLOBAL LASER MARKING MACHINE FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031(%)
10. GLOBAL LASER MARKING MACHINE FOR MEDICAL DEVICES MARKET SHARE BY REGION, 2023 VS 2031(%)
11. GLOBAL LASER MARKING MACHINE FOR OTHERS MARKET SHARE BY REGION, 2023 VS 2031(%)
12. GLOBAL LASER MARKING MACHINE MARKET SHARE BY REGION, 2023 VS 2031(%)
13. US LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
14. CANADA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
15. UK LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
16. FRANCE LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
17. GERMANY LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
18. ITALY LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
19. SPAIN MULTI-FUNCTIONALRESINS MARKET SIZE, 2023-2031($ MILLION)
20. REST OF EUROPE LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
21. INDIA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
22. CHINA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
23. JAPAN LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
24. SOUTH KOREA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
25. REST OF ASIA-PACIFIC LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
26. REST OF THE WORLD LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
27. LATIN AMERICA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
28. MIDDLE EAST & AFRICA LASER MARKING MACHINE MARKET SIZE, 2023-2031($ MILLION)
