Laser Marking Machine Market Share, Trends, Size, Price, Growth, Industry Report And Forecast 2023-2028

Laser Marking Machine Market Outlook

According to the report by Expert Market Research (EMR), the global laser marking machine market trends reached a value of approximately USD 3.10 billion in 2022. Aided by the increasing demand for efficient manufacturing processes and the burgeoning applications of laser marking machines across numerous industries, the market is projected to further grow at a CAGR of 7.8% between 2023 and 2028 to reach a value of USD 4.86 billion by 2028.

Laser marking machines, providing permanent, precise, and fast marking, are being widely used as a labelling solution in various products, including electronic components, auto parts, medical devices, and more. They play an instrumental role in ensuring traceability, identity, and security of products. Apart from their utility in marking and labelling, laser marking machines also demonstrate excellent engraving and etching abilities, contributing to their growing use across different industrial applications, such as aerospace, automotive, electronics, medical, and jewellery, among others.

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The escalating consumer preference for durable and precise marking solutions is driving the global laser marking machine market growth. With the heightened awareness of the importance of traceability and product security, there has been a significant shift towards efficient marking solutions, leading to a surge in demand for laser marking machines. Additionally, the trend of miniaturisation in the electronics and medical industries has further contributed to the rising popularity of laser marking machines, as they offer high-precision marking suitable for small-sized components.

The diverse applications of laser marking machines across various industries significantly contribute to laser marking machine market expansion. For instance, in the electronics industry, laser marking machines are used to label circuit boards and other components for tracking and identification purposes. The automotive industry leverages these machines for part marking, traceability, and compliance with regulatory standards. In the medical sector, they are used to mark medical devices and surgical tools, ensuring patient safety and product traceability.

Moreover, advancements in laser technology have led to the development of more efficient, robust, and versatile laser marking machines, thereby widening their application scope. With the rise of Industry 4.0 and the increasing adoption of automated systems in manufacturing, laser marking machines have emerged as a vital tool in production lines, boosting the laser marking machine market development.

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Laser Marking Machine Market Segmentation

The market can be divided based on offering, laser type, application, and region.

Market Breakup by Offering

Services
Hardware
Software

Market Breakup by Laser Type

CO2 Laser
Fibre Laser
Green Laser
UV Laser
YAG Laser

Market Breakup by Application

Automotive
Aerospace
Machine Tool
Electronics and Microelectronics
Medical
Packaging
Military
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global laser marking machine companies. Some of the major key players explored in the report by Expert Market Research are as follows:

Telesis Technologies, Inc
Han’s Laser Technology Industry Group Co., Ltd
LaserStar Technologies Corporation
Videojet Technologies Inc
Trotec Laser GmbH
Tykma Electrox, Inc
Mecco
Gravotech Marking SAS
Coherent Corporation
Others

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