Laser Marking Machine Market Size, Share, Growth, and Industry Growth by Type (Fiber Laser Marking Machine, CO2 Laser Marking Machine, YAG Laser Marking Machine, YVO4 Laser Marking Machine, and Others), By Application (Electronics, Precision Instruments, Food & Medicine, Auto Parts, Hardware Products, and Plastic Packaging), and Regional Forecast From 2023 To 2030

Updated On: 01 April 2024

LASER MARKING MACHINE MARKET REPORT OVERVIEW

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The global laser marking machine market size is estimated to be USD 2.4864 billion in 2022 and the market is projected to touch USD 3.2566 billion by 2028, exhibiting a CAGR of 4.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with laser marking machine experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Laser marking is a procedure that uses a beam of concentrated light to create a permanent mark on a surface. Usually, a fiber, pulsed, continuous wave, green, or UV laser is used for laser marking. The surface of the material is where the beam interacts, changing the substance's characteristics and appearance. This concentrated beam targets only a specific area. This permits to create precise, high quality, high-contrast marks.

Laser marking machine encompasses a wide array of applications such as annealing, carbon migration, discoloration, engraving, and etching. Laser marking can be automated and processed at high speeds. They leave traceable marks on materials such as, steel, titanium, aluminum, copper, ceramic, plastic, glass, wood, paper, and cardboard. Products can be marked with text including serial numbers and part numbers; machine-readable data such as barcodes, Unique ID codes, and 2D Data Matrix codes; or graphics. These factors are expected to foster laser marking machine market growth in coming years.

COVID-19 IMPACT: Increasing Need for Products Boosted Product Demand Significantly

COVID-19 had a life changing impact globally. The global laser marking machine market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for laser marking machine experienced a hike in demand.

As lockdowns were imposed, there was a shutdown across major industries. In order to accommodate the absence of the major products, machine proved vital in its service. As there were limitations on people working in factories and offices, this dropped the supply-chain demand. Laser marking machine helped across various services due to the lack of personnel needed to operate the machine. This helped in containing the virus whilst ensuring consistency in supply-chain demand.

Foba firm leased its laser marking machines in order to facilitate quick and easy deployment of additional systems required during the COVID-19 pandemic. The firm focused to assist the medical device manufacturers to change their portfolio to meet the current demands. Service providers began leasing machines to offer flexibility in the availability. Companies that offered remote servicing and assistance through installation saw a major spike in their shares.

LATEST TREND

"Technological Advancement to Strengthen Market Outlook"

Foba has recently launched the worlds smallest laser marking head. It goes by the name ‘Titus.’ The size of the head makes installation in production lines easy due to its flexibility, simple assembly using clamp brackets, and short space occupy. The device keeps pace with requirements for traceability and create codes with high contrast and long durability. Especially on products that must not corrode and are subject to heavy use, the device would be effective.

IEEE has identified a new technology which has been developed to address emerging industrial challenges. This novel laser method produces shallow imprints (less than 1 micron) that are high contrast, permanent, free of ridges and other obstructions, and on silicon wafers. These marks may be seen regardless of the angle of the view, which is both unusual and desired. The mark font size can be significantly smaller than 0.3mm thanks to the so-called micro marking technology.

LASER MARKING MACHINE MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into Fiber Laser Marking Machine, CO2 Laser Marking Machine, YAG Laser Marking Machine, YVO4 Laser Marking Machine, and Others.

Fiber Laser Marking Machine Type holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Electronics, Precision Instruments, Food & Medicine, Auto Parts, Hardware Products, and Plastic Packaging.

Electronics as application holds a major share of the global market.

DRIVING FACTOR

"Competitive Environment to Boost Market Share "

There are several factors predicted to boost the global laser marking machine market share. Fiber lasers at all powers would generate a huge market revenue according to laser focus. Meanwhile, the metal industry would contribute owing to the applications in metal cutting and processing. Furthermore, growing applications in manufacturing will get high power laser with a strong spike. MicroLEDs are anticipated to contribute to the global market share.

"Growing End Users to Boost Market Growth"

The machine tools vertical is anticipated to hold the greatest market share for laser marking during the anticipated period, by end user. The ability of laser markers to permanently imprint alphanumeric details on objects, such as product and brand names, batch numbers, manufacturer codes, 1D & 2D bar codes, logos, designs, manufacturer codes, dates of manufacturing, product-related information, and other details, has helped this vertical take the lead in terms of market size.

RESTRAINING FACTOR

"Product Accuracy to Pose as Market Constraint "

There are several factors that could hamper the global laser marking machine market size. The major issue stands at the making of these machines. These machine needs to be able to comprehend and execute the exact accuracy of the products needed off them. Humans provide an upper hand in this matter as the understanding of requirements is more feasible. However, in the case of laser marking machine the precision of details input is critical hence any mistake could prove expensive.

LASER MARKING MACHINE MARKET REGIONAL INSIGHTS

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"North America Dominates the Market as Major Investor"

North American countries are the largest market shareholder for laser marking machine. This is built upon factors such as huge investments from companies in this region. Their growing need for documented process has boosted the market in this region. The government has increased usage of laser marking machine due to safety reasons. APAC is the second major shareholder of the global laser marking machine market.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Han's Laser [China]
• Trumpf [Germany]
• Videojet Technologies Inc. [U.S.]
• Gravotech [U.S.]
• Rofin-Sinar [U.S.]
• Trotec Ltd. [Austria]
• FOBA [Germany]
• Schmidt Technology [Germany]
• Telesis Technologies [U.S.]
• Keyence [Japan]
• Huagong Tech [China]
• Amada Co. Ltd. [Japan]
• Mecco [U.S.]
• SIC Marking [U.S.]
• Epilog Laser [U.S.]
• TYKMA Electrox [U.S.]
• LaserStar Technologies Corporation [U.S.]
• Universal Laser Systems [U.S.]
• Tianhong Laser [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.