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Laser Marking Machine Market Size

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

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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.

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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.

Laser Marking Machine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Laser Marking Machine Market Size in 2022:	USD 3.2 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9%
2032 Value Projection:	USD 8 billion
Historical Data for:	2018 – 2022
No. of Pages:	250
Tables, Charts & Figures:	437
Segments covered:	Type, Machine type, Product type, Application, End use
Growth Drivers:	Product Safety and Counterfeit Prevention Increased Demand for Product Customization Advancements in Laser Technology Growing Adoption in Emerging Industries Growing Demand for Product Traceability and Identification
Pitfalls & Challenges:	High initial investment Regulatory and safety compliance requirements

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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.

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