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Laser Marking Machine Market Analysis

  • Report ID: GMI6048
  • Published Date: Jun 2023
  • Report Format: PDF

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.

Global Laser Marking Machine Market Share, By End-use, 2022

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.

China Laser Marking Machine Market Size, 2021-2032, (USD Million)

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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for laser marking machine was USD 3.2 billion in 2022 and is anticipated to grow at more than 9% CAGR from 2023-2032 driven by the continuous advancements in laser technology.

Laser marking machine industry share from the CO2 type segment is projected to exhibit over 11% CAGR from 2023-2032 owing to widespread usage in industrial applications, such as marking packaging materials, labels, serial numbers, barcodes, and decorative patterns.

Asia Pacific held more than 37% of the laser marking machine industry share in 2022 and is set to expand steadily through 2032 attributed to the rising product promotion and tracking, and growing demand for high-quality products & precision solutions.

Coherent Inc., Danaher Corporation, Epilog Laser, LLC, Gravotech Marking SAS, Han's Laser Technology Industry Group Co., Ltd., Huagong Tech Co., Ltd., Keyence Corporation, LaserStar Technologies Corporation, and MECCO, LLC are few of the prominent laser marking machine manufacturers

Laser Marking Machine Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 437
  • Countries covered: 18
  • Pages: 250
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