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Laser Marking Machine Market Size Worth USD 5.84 Billion by 2025 | CAGR: 5.4%

The global laser marking machine market is expected to grow at CAGR of 5.4% to reach USD 5.84 billion by 2025.

Laser marking is employed for labelling and marking work pieces or materials. Various procedures are used in marking such as staining, engraving, annealing, removing, and foaming. Each procedure has its own pros and cons depending on the material used and quality required. These devices are utilized by many industries for component labelling, marking serial number, date codes, barcodes and individual part numbers. The industry is anticipated to touch significant revenue share owing to the emergence of advanced technologies coupled with growing acceptance by aerospace and automobile industries for precise marking. This technology is always preferred in these fields as it is used to emboss permanent alphanumeric details on products like brand name, batch number etc. Moreover, growing demand of leather products and customized jewellery will propel the industry in near future. On contrary, requirement for high initial investment and lack of adoption of this technology in underdeveloped regions will pull back the industry growth to some extent.

Key Takeaways

Fiber, UV, Green, CO2, and YAG laser are some of the different types of laser marking products available commercially. It is analyzed that fibre marking products are anticipated to remain ahead in the market in the coming years with a share of over 40%.
On contrary, carbon dioxide laser is anticipated to gain significant share till 2025, because of associated benefits such as its compatibility for various wavelengths and utility in drilling, cutting, welding and perforating
On the basis of application, the industry is divided into automotive, electronics & microelectronics, aerospace, medical, machine tool, military, packaging and others
Of these, machine tool segment has taken the largest share of laser marking equipment market. It has the fastest growing market with a revenue share of 30%.
Europe and North America are witnessing excellent growth due to favourable government regulations on embossing medical equipment and surgical devices
Whereas, Asia-Pacific region captured over 38% revenue share in 2017 and is likely to dominate the market in near future
The major players involved in this industry are Gravotech Marking, Han’s Laser, Epilog Laser

KEY BENEFITS OF THE REPORT:

The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
A thorough analysis of relevant statistical data to estimate the market paradigms
Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY APPLICATION