Laser marking machine Market Scope
Laser marking machine is used to emboss permanent alphanumerical details such as brand name, batch number, and others on the product. Technological advancement in laser marking machines to control laser beam by the computer to gain higher efficiency expected to boost the demand for laser marking machines. For instance, LuxPoint photonics technology, development, and Commercialization Company announced that it will demonstrate a prototype of its new μ-Mark Laser Marking System at the upcoming Photonics West Exhibition at the Moscone Center in San Francisco. Laser marking machines are compatible with numerous material including glass, metals, ceramics, plastics, and silicon. Fiber laser marking machines are gaining popularity owing to superior beam quality, reliability and higher efficiency. Embossing done by laser marker machines is durable and can sustain effects of external environmental factors such as alkaline gas, acid, high or low temperature.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Universal Laser Systems, Inc. (United States), Gravotech, Inc. (India), Trotec Laser GmbH (Austria), LaserStar Technologies Corporation (United States), Wisely Laser Machinery Limited (China), Epilog Laser (United States), Sintec Optronics Pvt. Ltd (Singapore), Kern Laser Systems (United States), Vytek Laser Systems (United States), Rofin (United States), Sisma SpA (Italy), Endurance (United States) and LPKF Laser & Electronics (Germany) |
CAGR | 6.78% |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Laser marking machine market throughout the predicted period.
Universal Laser Systems, Inc. (United States), Gravotech, Inc. (India), Trotec Laser GmbH (Austria), LaserStar Technologies Corporation (United States), Wisely Laser Machinery Limited (China), Epilog Laser (United States), Sintec Optronics Pvt. Ltd (Singapore), Kern Laser Systems (United States), Vytek Laser Systems (United States), Rofin (United States), Sisma SpA (Italy), Endurance (United States) and LPKF Laser & Electronics (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Zhengye Technology (China), Kunshan Theta Micro (China), SYNEO (United States), Starlase Systems (India) and LuxPoint (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laser marking machine market by Type and Region with country level break-up.
On the basis of geography, the market of Laser marking machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2018, LuxPoint Acquires United Photonics, high-performance fiber lasers, amplifiers, fiber components provider. This will enhance the fiber laser business of the company.
In February 2019, Endurance manufacturer of powerful laser attachments for most types of 3D printer & CNC machines presents a solid-state (diode) laser add-on (attachment) that will convert your 3D printer or CNC machine into a powerful laser cutting/engraving/ marking machine. and 6th March 2019, Sisma SpA engaged in manufacturing solutions, machinery and laser systems introducing its Coaxial Vision System (CVS) and External Vision System (EVS) which can be combined with the company’s range of laser marking products.
Influencing Trend:
Development of Portable Laser Marking Machines and Increasing Demand for Fiber Laser Marking Machine
Market Growth Drivers:
Rising Demand for Fiber Laser Marker from Automotive Industry and Increasing Demand for Advanced Laser Marking Machines for Permanent Embossing Solutions
Challenges:
Development of Low-Cost Laser Marking Solutions and Lack of Acceptance in Low and Middle-Income Countries
Restraints:
High Cost Associated With Laser Marking Machines and Technical Complexities Involved in the Processing of Laser Marking Machines
Opportunities:
Increasing Demand from Healthcare Vertical for Unique Identification of Medical Devices and Technological Advancement in the Laser Marking Industry
Key Target Audience
Laser Marking Machines Manufacturers, Technology Providers, System Integrators, Government Agencies, Research Institute, Government Authorities, Agencies Related Laser marking machine, Market Research and Consulting Firms, Potential Investors and Others