Laser Marking Machine Market - By Type (Fiber, Green, UV, CO2, MOPA, Diode-pumped, Nd:YAG), By Machine Type (2D, 3D), By Product Type (Fixed, Portable), By Application (Ablation, Annealing, Carbonizing, Foaming, Engraving), By Material, By End Use, Forecast 2023-2032

Laser Marking Machine Market Size

Laser Marking Machine Market size was valued at USD 3.2 billion in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032. Continuous advancements in laser technology have increased the efficiency & effectiveness of laser engraving machines. Increased laser power, improved beam quality, higher speed, and enhanced control systems expand the range of these devices, driving the use of laser marking machines across various industries.
 

Laser marking machines utilize laser technology to create permanent marks, designs, or engravings on various materials. They offer precise, efficient, and high-quality marking solutions for a wide range of industries. Different types of lasers are used in laser therapy such as fiber lasers, CO2 lasers, and Nd:YAG lasers. The choice of laser depends on the material to be marked and the desired properties. For instance, fiber lasers are often used for metal marking owing to their beam quality and reliability.
 

The high initial investment may pose a barrier to small businesses or startups with limited budgets. Laser marking machines can have a significant upfront cost that varies depending on factors such as laser location, power requirements, size of the marking area, and additional features. Thus, the high initial cost may hinder market growth.
 

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the laser marking machine market. The pandemic disrupted global supply chains, leading to delays in the production and delivery of laser marking machines. Restrictions on international trade, border closures, and reduced manufacturing capacities affected the availability of components & raw materials necessary for the manufacturing of laser marking machines. This resulted in supply chain challenges and potential delays in fulfilling customer orders.
 

Laser Marking Machine Market Trends

Laser marking machines are finding applications in emerging industries such as additive manufacturing (3D printing) and flexible electronics. These industries require precise marking solutions for labeling, part identification, and quality control, which are provided by laser marking machines. Additive manufacturing processes, such as 3D printing, often involve custom manufacturing. Laser marking machines offer precise & durable solutions for labeling and part identification. This includes placing important information, such as part numbers, barcodes, barcodes, and QR codes, directly on the 3D-printed product. The versatility, precision, speed, and customization capabilities of laser marking machines make them well-suited for these emerging sectors, fueling their adoption.
 

Laser Marking Machine Market Analysis

Based on type, the laser marking machine market is segmented into fiber laser, green laser, UV laser, CO2 laser, MOPA laser, diode-pumped lasers, and Nd:YAG lasers. The CO2 laser segment is expected to grow at a fastest pace at over 11% CAGR by 2032. CO2 laser marking machines are known for their versatility in marking various materials, including wood, glass, acrylic, rubber, paper, leather, and some plastics. They offer a non-contact marking method suitable for sensitive materials and can produce high-quality, permanent markings. CO2 laser marking machines have found extensive use in industrial applications, such as marking packaging materials, labels, serial numbers, barcodes, and decorative patterns. They are also commonly used for marking on non-metallic parts in automotive, electronics, and consumer goods industries. While CO2 lasers have been widely used, there has been a gradual shift towards fiber and solid-state lasers in certain applications. Fiber lasers offer advantages such as higher marking speeds, greater energy efficiency, and the ability to mark on a wider range of materials, including metals.
 

Based on end use, the market is segmented into automotive, electronics & semiconductor, defense & aerospace, machine tool, healthcare, packaging & labeling. The machine tool segment held a share of around 27% in 2022 and is expected to grow at a lucrative pace till 2032 The machine tool segment within the laser marking machine market focuses on the application of laser technology in the machine tool industry. Machine tools are devices used to shape, cut, drill, and fabricate materials, typically metals, into various components and parts. Laser marking machines in the machine tool segment offer advanced marking capabilities to enhance the functionality, identification, and traceability of machine tool components. Laser marking on the machine is durable and resistant to abrasion, chemicals, and the environment. This ensures a long life for easily identifiable and legible characters, even in harsh business environments.
 

Asia Pacific is the dominant region in the global laser marking machine industry with a share of over 37% in 2022. The large share is attributed to market expansion, increased product promotion & tracking, and demand for high-quality products & precision solutions. Domestic manufacturers and international distributors are entering this growing industry to meet the needs of the regional market. China is a major player in the Asia Pacific laser marking machine market. The country has a strong manufacturing base and is home to many industries such as electronics, automobiles & aerospace. The demand for laser marking machines in China is driven by the need for product identification, traceability, and customization. Many kinds of laser engraving machines are available in the Chinese market including domestic machines and those imported from international companies. Asia Pacific is expected to grow considerably during the forecast period owing to technological advancements, especially in Japan and China.
 

Laser Marking Machine Market Share

Some of the major players operating in the laser marking machine market are

• Coherent Inc.
• Danaher Corporation
• Epilog Laser, LLC
• Gravotech Marking SAS
• Han's Laser Technology Industry Group Co.Ltd.
• Huagong Tech Co., Ltd.
• IPG Photonics Corporation
• Keyence Corporation
• LaserStar Technologies Corporation
• MECCO, LLC
• Novanta Inc.
• Sea Force Co., Ltd.
• Telesis Technologies, Inc.
• The 600 Group PLC
• Trumpf GmbH + Co. KG
• Trotec Laser GmbH
• TYKMA Electrox, Inc.
• Videojet Technologies, Inc

These players focus on strategic partnerships and new product launches & commercialization for market expansion. Furthermore, they heavily invest in research to introduce innovative services and garner maximum revenue in the market.
 

Laser Marking Machine Industry News:

• In August 2022, Foba launched two new laser marking machines at the Chicago International Manufacturing Technology Show. The two M-Series laser machines: Foba M1000 and M2000 as well as the laser head, Foba Titus for line integration, especially in confined spaces, were available on the laser beam exhibited at IMTS Chicago.
   

The laser marking machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Type

• Fiber Laser
• Green Laser
• UV Laser
• CO2 Laser
• MOPA Laser
• Diode-pumped Laser
• Nd:YAG Laser
• Others

By Machine Type

• 2D
• 3D

By Product Type

• Fixed
• Portable

By Application

• Ablation
• Annealing
• Carbonizing
• Foaming
• Engraving
• Others

By Material

• Metal
• Glass
• Plastics
• Ceramics
• Others

By End Use

• Automotive
• Electronics & semiconductor
• Defense & aerospace
• Machine tool
• Healthcare
• Packaging & labeling
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa