Laser Marking Machine Market to See Massive Growth by 2032 | Reports and Data

Laser Marking Machine Market

The global laser marking machine market size was USD 3.22 Billion in 2022 and is expected to register a revenue CAGR of 8% over the forecast period, according to the latest report by Reports and Data.

The expanding trend of using laser technology for permanent marking and engraving of items, components, and parts is driving the popularity of laser marking equipment. Eco-friendly and cost-effective marking solutions are in more demand than ever, and this trend is expected to continue throughout the forecast period.

One of the main drivers of the laser marking machine market’s growth is the growing need for sophisticated and advanced marking solutions across a range of industries. Laser marking technology, which can mark a number of materials including metals, plastics, glass, and ceramics, offers high accuracy and precision. The automobile industry is one of the major end users of laser marking equipment since it requires accurate and durable marking solutions for a number of components, including engine blocks, transmission components, and chassis components. Similar to this, the electronics sector is seeing an increase in demand for laser marking tools to label PCBs, ICs, and other electronic components. The aerospace industry is a prominent end user of laser marking equipment for marking components and parts used in aircraft and spacecraft.

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Some Key Highlights from the Report

  • The fiber segment had the largest revenue share in the global laser marking machine market in 2021. Fiber laser marking machines are highly efficient and versatile due to their ability to use fiber optics to deliver precise and high-speed marking on various materials, including plastics, ceramics, and metals. The increasing demand for these machines can be attributed to their low maintenance costs, long service life, and ability to mark high-quality barcodes, serial numbers, and logos on products, which has resulted in their use across multiple industries.
  • In 2022, the automotive industry contributed the largest revenue share to the laser marking machine market. Laser marking machines are critical for marking parts such as engine components, brake systems, and chassis components in the automotive sector. Laser marking technology can create highly precise and durable markings that can withstand harsh environmental conditions such as extreme temperatures, abrasion, and corrosion. Compared to traditional marking methods, such as inkjet or dot peen marking, laser marking machines offer faster marking speeds, high accuracy, and lower maintenance costs. These benefits have contributed to the increasing demand for laser marking machines in the automotive industry and resulted in revenue growth.
  • In 2022, the Asia Pacific market had the highest revenue share of any geographical market in the worldwide laser marking machine market. This market dominance can be attributed to the increasing adoption of laser marking technology in emerging markets like China and India, which are experiencing rapid growth in their manufacturing sectors. Demand for laser marking machines in this area is likely to expand further as e-commerce grows and automation in industrial processes becomes more common.
  • The North American market is predicted to grow at the quickest rate during the forecast period, owing to rising demand for laser marking equipment in the automotive and aerospace industries. The region is seeing an increase in the use of laser marking equipment to mark and engrave various components and parts, since they provide improved precision, durability, and versatility. Furthermore, the increasing adoption of automation in manufacturing processes in this region is expected to drive demand for laser marking machines.

Competitive Landscape:

Han’s Laser Technology Industry Group Co., Ltd., Trumpf Group, Wuhan Huagong Laser Engineering Co., Ltd., Gravotech Marking, Trotec Laser GmbH, Epilog Laser, Coherent, Inc., Amada Miyachi Co. Ltd., Rofin-Sinar Technologies Inc., and IPG Photonics Corporation.

Product Type Outlook (Revenue, USD Billion; 2022 – 2032)

  • Fiber
  • CO2
  • YAG
  • Others

End-use Industry Outlook (Revenue, USD Billion; 2022 – 2032)

  • Automotive
  • Aerospace
  • Electronics
  • Medical
  • Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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