Laser Marking Machine Market
PUBLISHED: 2023 ID: SMRC22214
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Laser Marking Machine Market

Laser Marking Machine Market Forecasts to 2028 - Global Analysis By Laser Type (CO2 Laser, Diode Laser and Other Laser Types), Offering (Hardware, Software and Services), Product Type (3D Laser Marking and 2D Laser Marking), Material (Plastic, Metal, Glass and Other Materials), Method (Engraving, Annealing, Ablation and Other Methods), Application (Date Codes, Part Numbers and Other Applications), End User and Geography

4.5 (92 reviews)
4.5 (92 reviews)
Published: 2023 ID: SMRC22214

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $3.06 BN

Projected Year Value (2028)

US $5.30 BN

CAGR (2022 - 2028)

9.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

Europe

 

According to Stratistics MRC, the Global Laser Marking Machine Market is accounted for $3.06 billion in 2022 and is expected to reach $5.30 billion by 2028 growing at a CAGR of 9.6% during the forecast period. The term LASER stands for Light Amplification by Stimulated Emission of Radiation. Laser marking is a permanent method that uses a concentrated light beam to generate a permanent mark on the surface of a range of materials such as serial numbers, component labelling, barcodes, individual part numbers, best-before-date, brand name, and many others. Laser marking spans a wide range of applications and is often conducted with a fibre, continuous-wave laser machine, or pulsed laser machine. The Laser marking machines offer permanent, faster, and accurate marking and engraving.

According to a recently released report by the Society of Indian Automobile Manufacturers (SIAM), India exported more than 5,617,000 units of automobiles in 2021. This number is expected to increase substantially in the future, creating sustainable opportunities for the Laser marking equipment market.



 

Market Dynamics:

Driver:

Higher performance of laser markers over traditional marking techniques

Laser marking systems provide greater accuracy, readability, cheaper labor costs, and less loss than traditional material marking procedures. When compared to traditional marking techniques such as dot peen marking, laser marking technologies are exceptionally rapid. They make a 2D pattern in around a second or less, compared to 5 seconds for dot peen marking systems, saving a substantial amount of time in plants where many objects need to be marked or engraved. Furthermore, as compared to traditional engraving procedures, laser marking is regarded as a versatile choice for marking a wide variety of aircraft parts due to its excellent endurance. The most typical uses for laser marking systems include annealing, carbon migration, foaming, and coloring.

Restraint:

High deployment cost

Lasers used in processes, systems, and applications range in power from a few hundred to thousands of watts. High power lasers are employed in large-scale laser displays, medical and military applications, research, laser-induced nuclear fusion, and material processing applications such as welding, cutting, and drilling. Although laser marking aids in the reduction of labour and related expenses in the automotive and manufacturing industries, its implementation requires a significant investment. As a result, the high initial investments and operational costs associated with the use of laser marking machines may impede overall market growth.

Opportunity:

Growing adoption of laser marking technology

The laser marking technology is increasingly being adopted across various industrial verticals due to its cost-effectiveness, product uniqueness, and reliability. Administrations are implementing standards for permanent marking on a variety of objects for the purposes of evidence of identity, traceability, and recordkeeping, particularly in the healthcare and defence sectors. Furthermore, the technique is being widely adopted by the automotive and aerospace industries. Markers are used in the automotive sector to engrave serial numbers on tire without affecting the tires structure. Because of its excellent endurance, laser marking is regarded as a viable solution for marking a wide range of aircraft parts. Thus, the above factors provide lucrative opportunities for the market growth.

Threat:

Technical complexities related to high power lasers

The use of high-power lasers presents numerous obstacles. The main problem is the need for one or more powerful pump sources like diode-pumped lasers for high output power in continuous-wave operation. Another technological problem is the demand for a high-efficiency wall plug for long-term CW operations. This is owing to the inability to attain efficiency at high power levels. Nonlinear phenomena such as Raman scattering, Brillouin scattering, and four-wave mixing are also observed in high-power lasers.

Covid-19 Impact

The medical sector has seen an increase in demand for laser marking machines and services as a result of the COVID-19 outbreak. There has been a significant increase in demand for masks and other medical devices used for COVID therapy, as well as the adoption of laser marking machines by medical product and device makers to identify their brand name and certificates using laser marking. In addition, COVID-19 testing kits with polypropylene tubes for sample collection have been in high demand. These kits are labelled from the outside with a UV laser for several parameters to ensure that patient identification is not compromised at any stage.

The fiber laser segment is expected to be the largest during the forecast period

The fiber laser segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its several advantages, including flexible fibre light, high optical quality, high output power, and machine compactness. The process of leaving an impression on goods with a fibre laser beam of light is referred to as fibre laser marking. The laser beam is created by extracting focused energy from light and using it in the marking machine. They are utilised on tough and rough surfaces. Fiber lasers provide a substantially higher output power than traditional laser markers. Fiber lasers can mark a wide range of materials, but they are best suited for metal marking. Because of their high power, they are ideal for annealing and engraving applications.

The machine tool segment is expected to have the highest CAGR during the forecast period

The machine tool segment is anticipated to witness the fastest CAGR growth during the forecast period. Machine tool manufacturing is the major application area of laser marking and engraving systems. The increasing capability of lasers to produce permanent alphanumeric features on machine tools, such as batch numbers, 1D & 2D bar codes, designs, manufacturing dates, brand names, manufacturer codes, and logos, is driving segment expansion. The manufacturing sector is modernising its operations with concepts such as factory automation and smart factories in order to increase production capacity through batch production. Furthermore, the growing usage of robotics and sensors has underlined the need of tool identification and recognition, driving demand for laser marking machines.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased adoption of laser marking machines in manufacturing factories in the region. The adoption of advanced production processes in the Chinese machine tool sector, as well as the region's thriving aerospace and military industries, are driving market expansion. Furthermore, its sustained dominance can be attributable to growing foreign investment and the movement of numerous corporations' manufacturing plants to nations such as India and China.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the dominance of automotive and automotive component manufacturers in countries such as Germany, Europe, Italy, and France. Furthermore, significant growth in the aerospace and transportation industries is likely to boost market growth in the region. For example, the United Kingdom government decided in December 2018 to contribute roughly USD 335.0 million in the Future Flight Challenge to fund improvements in aeronautical technology.



Key players in the market

Some of the key players profiled in the Laser Marking Machine Market include Videojet Technologies Inc, TRUMPF Group, Coherent Inc., Han's Laser Group, Novanta Inc., Epilog Corporation, Mecco Partners LLC, IPG Photonics Corporation, Vytek Laser Systems, TYKMA Electrox Inc., ROFIN-SINAR Laser GmbH, Wisely Laser Machinery Limited, Universal Laser Systems Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, Telesis Technologies, Inc.

Key Developments:

In January 2020, Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup.

In November 2019, Coherent launched a switchable adjustable ring mode (ARM) fiber laser that has the ability to sequentially power two separate processes or workstations.

In August 2019, Han’s Laser launched multi-axis ultrafast micromachining equipment that can control the rotation of the laser and can control X, Y, Z motion in three directions.

In May 2019, TYKMA Electrox announced a collaboration with Cerakote, a provider of thin-film ceramic coating for several applications. The partnership was aimed at providing advanced imaging on products with Cerakote coatings by blending it with the former’s laser marking abilities on a variety of 3D objects.

Laser Types Covered:
• CO2 Laser
• Solid State Laser
• Diode Laser
• Fiber Laser
• Ultraviolet (UV) Laser
• Other Laser Types

Offerings Covered:
• Hardware
• Software
• Services

Product Types Covered:
• Portable
• Fixed

Machine Types Covered:
• 3D Laser Marking
• 2D Laser Marking

Materials Covered:
• Plastic
• Metal
• Glass
• Other Materials

Methods Covered:
• Engraving
• Annealing
• Ablation
• Other Methods

Applications Covered:
• Date Codes
• Part Numbers
• Quick Response (QR) Codes
• Logos
• Barcodes
• Other Applications

End Users Covered:
• Electronics and Microelectronics
• Healthcare
• Packaging
• Automotive
• Aerospace
• Military
• Machine Tool
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Laser Marking Machine Market, By Laser Type
5.1 Introduction
5.2 CO2 Laser
5.3 Solid State Laser
5.3.1 Thin Disk Laser
5.3.2 Yttrium Aluminum Garnet (YAG) Laser
5.3.3 Neodymium Glass Laser
5.4 Diode Laser
5.5 Fiber Laser
5.6 Ultraviolet (UV) Laser
5.7 Other Laser Types

6 Global Laser Marking Machine Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Power Supply
6.2.2 Filter
6.2.3 Laser
6.2.4 Controller
6.2.5 Galvanometer
6.2.6 Rotary Device
6.3 Software
6.4 Services

7 Global Laser Marking Machine Market, By Product Type
7.1 Introduction
7.2 Portable
7.3 Fixed

8 Global Laser Marking Machine Market, By Machine Type
8.1 Introduction
8.2 3D Laser Marking
8.3 2D Laser Marking

9 Global Laser Marking Machine Market, By Material
9.1 Introduction
9.2 Plastic
9.3 Metal
9.4 Glass
9.5 Other Materials

10 Global Laser Marking Machine Market, By Method
10.1 Introduction
10.2 Engraving
10.3 Annealing
10.4 Ablation
10.5 Other Methods

11 Global Laser Marking Machine Market, By Application
11.1 Introduction
11.2 Date Codes
11.3 Part Numbers
11.4 Quick Response (QR) Codes
11.5 Logos
11.6 Barcodes
11.7 Other Applications

12 Global Laser Marking Machine Market, By End User
12.1 Introduction
12.2 Electronics and Microelectronics
12.3 Healthcare
12.4 Packaging
12.5 Automotive
12.6 Aerospace
12.7 Military
12.8 Machine Tool
12.9 Other End Users

13 Global Laser Marking Machine Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa

14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies

15 Company Profiling
15.1 Videojet Technologies Inc
15.2 TRUMPF Group
15.3 Coherent Inc.
15.4 Han's Laser Group
15.5 Novanta Inc.
15.6 Epilog Corporation
15.7 Mecco Partners LLC
15.8 IPG Photonics Corporation
15.9 Vytek Laser Systems
15.10 TYKMA Electrox Inc.
15.11 ROFIN-SINAR Laser GmbH
15.12 Wisely Laser Machinery Limited
15.13 Universal Laser Systems Inc.
15.14 Trotec Laser GmbH
15.15 LaserStar Technologies Corporation
15.16 Telesis Technologies, Inc.

List of Tables
1 Global Laser Marking Machine Market Outlook, By Region (2020-2028) ($MN)
2 Global Laser Marking Machine Market Outlook, By Laser Type (2020-2028) ($MN)
3 Global Laser Marking Machine Market Outlook, By CO2 Laser (2020-2028) ($MN)
4 Global Laser Marking Machine Market Outlook, By Solid State Laser (2020-2028) ($MN)
5 Global Laser Marking Machine Market Outlook, By Thin Disk Laser (2020-2028) ($MN)
6 Global Laser Marking Machine Market Outlook, By Yttrium Aluminum Garnet (YAG) Laser (2020-2028) ($MN)
7 Global Laser Marking Machine Market Outlook, By Neodymium Glass Laser (2020-2028) ($MN)
8 Global Laser Marking Machine Market Outlook, By Diode Laser (2020-2028) ($MN)
9 Global Laser Marking Machine Market Outlook, By Fiber Laser (2020-2028) ($MN)
10 Global Laser Marking Machine Market Outlook, By Ultraviolet (UV) Laser (2020-2028) ($MN)
11 Global Laser Marking Machine Market Outlook, By Other Laser Types (2020-2028) ($MN)
12 Global Laser Marking Machine Market Outlook, By Offering (2020-2028) ($MN)
13 Global Laser Marking Machine Market Outlook, By Hardware (2020-2028) ($MN)
14 Global Laser Marking Machine Market Outlook, By Power Supply (2020-2028) ($MN)
15 Global Laser Marking Machine Market Outlook, By Filter (2020-2028) ($MN)
16 Global Laser Marking Machine Market Outlook, By Laser (2020-2028) ($MN)
17 Global Laser Marking Machine Market Outlook, By Controller (2020-2028) ($MN)
18 Global Laser Marking Machine Market Outlook, By Galvanometer (2020-2028) ($MN)
19 Global Laser Marking Machine Market Outlook, By Rotary Device (2020-2028) ($MN)
20 Global Laser Marking Machine Market Outlook, By Software (2020-2028) ($MN)
21 Global Laser Marking Machine Market Outlook, By Services (2020-2028) ($MN)
22 Global Laser Marking Machine Market Outlook, By Product Type (2020-2028) ($MN)
23 Global Laser Marking Machine Market Outlook, By Portable (2020-2028) ($MN)
24 Global Laser Marking Machine Market Outlook, By Fixed (2020-2028) ($MN)
25 Global Laser Marking Machine Market Outlook, By Machine Type (2020-2028) ($MN)
26 Global Laser Marking Machine Market Outlook, By 3D Laser Marking (2020-2028) ($MN)
27 Global Laser Marking Machine Market Outlook, By 2D Laser Marking (2020-2028) ($MN)
28 Global Laser Marking Machine Market Outlook, By Material (2020-2028) ($MN)
29 Global Laser Marking Machine Market Outlook, By Plastic (2020-2028) ($MN)
30 Global Laser Marking Machine Market Outlook, By Metal (2020-2028) ($MN)
31 Global Laser Marking Machine Market Outlook, By Glass (2020-2028) ($MN)
32 Global Laser Marking Machine Market Outlook, By Other Materials (2020-2028) ($MN)
33 Global Laser Marking Machine Market Outlook, By Method (2020-2028) ($MN)
34 Global Laser Marking Machine Market Outlook, By Engraving (2020-2028) ($MN)
35 Global Laser Marking Machine Market Outlook, By Annealing (2020-2028) ($MN)
36 Global Laser Marking Machine Market Outlook, By Ablation (2020-2028) ($MN)
37 Global Laser Marking Machine Market Outlook, By Other Methods (2020-2028) ($MN)
38 Global Laser Marking Machine Market Outlook, By Application (2020-2028) ($MN)
39 Global Laser Marking Machine Market Outlook, By Date Codes (2020-2028) ($MN)
40 Global Laser Marking Machine Market Outlook, By Part Numbers (2020-2028) ($MN)
41 Global Laser Marking Machine Market Outlook, By Quick Response (QR) Codes (2020-2028) ($MN)
42 Global Laser Marking Machine Market Outlook, By Logos (2020-2028) ($MN)
43 Global Laser Marking Machine Market Outlook, By Barcodes (2020-2028) ($MN)
44 Global Laser Marking Machine Market Outlook, By Other Applications (2020-2028) ($MN)
45 Global Laser Marking Machine Market Outlook, By End User (2020-2028) ($MN)
46 Global Laser Marking Machine Market Outlook, By Electronics and Microelectronics (2020-2028) ($MN)
47 Global Laser Marking Machine Market Outlook, By Healthcare (2020-2028) ($MN)
48 Global Laser Marking Machine Market Outlook, By Packaging (2020-2028) ($MN)
49 Global Laser Marking Machine Market Outlook, By Automotive (2020-2028) ($MN)
50 Global Laser Marking Machine Market Outlook, By Aerospace (2020-2028) ($MN)
51 Global Laser Marking Machine Market Outlook, By Military (2020-2028) ($MN)
52 Global Laser Marking Machine Market Outlook, By Machine Tool (2020-2028) ($MN)
53 Global Laser Marking Machine Market Outlook, By Other End Users (2020-2028) ($MN)


Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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