The global Laser Marking Machine market size is expected to be worth around US$ 15.03 billion by 2030, according to a new report by Vision Research Reports.
The global Laser Marking Machine market size was valued at US$ 10.76 billion in 2020 and is anticipated to grow at a CAGR of 18.0% during forecast period 2021 to 2030.
Rising adoption of advanced marking technologies across industries such as machine tools and aerospace and the growing demand for precision marking on manufactured products to improve product’s traceability are some of the factors driving the market growth. Wide-scale applications in the marking of machine tools and equipment especially in the automotive and semiconductor and electronics industries are anticipated to fuel the market demand from 2020 to 2027.
Governments are implementing regulations for permanent marking on products for identification and traceability purposes across defense as well as healthcare industry. Such stringent government norms across economies are expected to spur the demand for laser marking machines and systems over the forecast period.
Growing focus on factory automation to enhance productivity, conserve energy, and reduce downtime is anticipated to propel the overall market demand. Moreover, emerging economies such as India are the primary markets where the trend for mass production can be witnessed over the next couple of years. Mass production can be carried out with the help of automation technologies and quick rollout assembly lines, hence attributing to the demand for automated laser marking machines. For instance, the demand for smartphones in the country has forced the manufacturers to start the local production or assembly of smartphone components.
The fiber laser type segment accounted for the largest revenue share of over 53.0% in 2020 and is anticipated to register the fastest growth over the forecast period. This is attributed to its various benefits such as flexible fiber light, high optical quality, high output power, and compact size of the machine. Apart from fiber laser, other types of lasers considered in the study are, green, UV, and YAG lasers. The machines use different laser sources with different wavelengths; thus, each type of machine is used for a specific set of applications. For instance, CO2 laser marking machines are typically used for thinner and lesser rigid surfaces, while fiber machines are used on more robust and hard surfaces. Hence, the wavelength of the laser source used in the machine plays an essential role in the selection of the machine type to be used for marking on a specific material. The increasing use of laser marking across varied applications such as aerospace and defense equipment and other metal equipment has proved to be beneficial for the market.
The machine tool application segment accounted for the largest revenue share of around 35% in 2020. The growing functionality of lasers to provide permanent alphanumeric details on machine tools, such as batch numbers, 1D & 2D bar codes, designs, dates of manufacturing, brand names, manufacturer codes, and logos, is fueling the segment growth. The manufacturing sector is upgrading its operations with concepts such as factory automation and smart factories to improve its production capacity through batch production. Moreover, the increasing use of robotics and sensors has also highlighted the importance of tool identification and recognition, thus driving the demand for laser marking machines.
The aerospace application segment is expected to register the fastest growth with a CAGR of over 10% from 2021 to 2030. The application of laser marking machines has witnessed a tremendous increase over the past few years owing to the growing demand for electronic products. Besides, electronic device manufactures are also focusing on diversification of product range to grab a larger share of the market, thus leading to an increase in the production of electronic devices and positively impacting the market growth.
Asia Pacific accounted for the largest market share of over 40% in 2020 and is expected to dominate the market over the forecast period. China and India are the major contributors to the growth of the regional market owing to the increased adoption of laser marking machines in manufacturing factories in the region. The market growth is primarily driven by the adoption of enhanced manufacturing techniques in the Chinese machine tools industry and the flourishing aerospace and military industry in the region.
|Market Size||US$ 15.03 billion by 2030|
|Growth Rate||CAGR of 18.0% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Application, Region|
|Companies Mentioned||Han's Laser Technology Industry Group Co., Ltd, Telesis Technologies, Inc., Videojet Technologies, Inc., Trotec Laser GmbH, Epilog Laser, TYKMA Electrox, Inc., MECCO, LaserStar Technologies Corporation, Gravotech Marking, Sea Force Co., Ltd.|
Han's Laser Technology Industry Group Co., Ltd
Telesis Technologies, Inc.
Videojet Technologies, Inc.
Trotec Laser GmbH
TYKMA Electrox, Inc.
LaserStar Technologies Corporation
Sea Force Co., Ltd.
Electronics and Microelectronics
Middle East & Africa
The Laser Marking Machine market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Laser Marking Machine market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Laser Marking Machine market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Laser Marking Machine market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Laser Marking Machine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Laser Marking Machine capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Laser Marking Machine by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Laser Marking Machine market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Laser Marking Machine market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Laser Marking Machine market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Laser Marking Machine industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Laser Marking Machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Laser Marking Machine market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Laser Marking Machine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Laser Marking Machine market. These factors have benefited the growth of the global market for Laser Marking Machine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Laser Marking Machine. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Laser Marking Machine are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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