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Laser Marking Machine Market Share, Size, Trends, Industry Analysis Report, By Application (Automotive, Aerospace, Packaging, Electronics, Machine Tool, Medical, Others); By Laser (Fiber, CO2, Green, UV, YAG); By Region; Segment Forecast, 2022 - 2030

  • Published Date:Jan-2022
  • Pages: 101
  • Format: PDF
  • Report ID: PM2159
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global laser marking Machine market was valued at USD 2.80 billion in 2021 and is expected to grow at a CAGR of 8.2% during the forecast period. Laser marking Machine has been gaining traction compared to conventional inkjet printing and mechanical marking due to very high processing speeds, low operation costs, high-quality surface finish, high flexibility, and automation in marking.

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Laser Machine uses beams to mark permanent surfaces on different substrates or materials. A low-powered beam is being used across the surface using a method of discoloration that creates high-contrast marks without disruption or removal of a portion of surface area. The COVID-19 pandemic has different degrees of impact on the market for various application verticals. On the one hand, there has been a severe decline in the demand for machines from the automotive and aerospace sectors due to economic downturn, lockdown across countries, and disruption in the supply chain.

On the other hand, the medical application has witnessed a spur in demand amid pandemic due to increasing demand for medical kits, COVID-19 testing tubes for samples, and various scanning and testing devices having adopted laser marks for brand names and certifications.

Laser Marking Machine Market 2030

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Industry Dynamics

Growth Drivers
The trend of high-speed and automation in manufacturing processes across various industry verticals is giving an impetus to the demand for this machine. It has become a cutting-edge technology for unique identification and tracking products and high surface finish quality.

Moreover, the growing need to eliminate the usage of consumables from packaging/labeling processes such as inks, adhesives, paper, fluids, etc., has led to tremendous growth in demand for the technology worldwide. Further, growing industrialization across the economies and the adoption of laser machines across different applications fuel the market at an exponential rate globally. Rising per capita income and increasing population of High-Net worth individuals across the world have led to growing urbanization, giving a boom to the industrial and manufacturing sector, thereby fueling the demand for the Machine.

Report Segmentation

The market is segmented most comprehensively based on application, laser, and region.

By Application

By Laser

By Region
  • Automotive
  • Aerospace
  •  Packaging
  • Electronics
  • Machine Tool
  • Medical
  • Others
  • Fiber
  • CO2
  • Green
  • UV
  • YAG
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Application

Machine tools application segment is attributed to account for the highest share of the market due to increasing usage of these machines for permanent alphanumeric details, bar codes, scanners, logos, designs, batch numbers, manufacturing details, and brand identification. Labeling of machine tools nowadays needs to be unique and different for every single component in order to obtain traceability information for quality control and smooth product supply, thereby fostering the usage of these Machine technology.

There has been a surge in the usage of laser machines across the medical industry, which is giving impetus to the demand of the application segment across the world. There has been enforcement of laws for identification and necessary details marking on medical devices. For instance, in 2013, Food and Drug Administration (FDA) released a rule requiring all manufacturers in the medical device industry to include a unique device identifier (UDI) on labels and packages unless there is an exception, further on September 2018, FDA came up with a modification of rule mandating visible dates labels for all devices despite their exceptions.

Insight by Laser

Fiber segment is estimated to remain the most widely used type among all in the Machine market due to its versatility and superior advantages such as high power output, excellent flexibility, impressive optical surface quality, and compact size, making it highly suitable. The operating cost of fiber technology is typically half of the CO2 system mainly due to lower electrical consumption and higher electrical efficiency making it highly dominant in the market.

UV segment is likely to depict the highest growth in the global market during the foreseen future driven by its multi-functionality and less power consumption with no thermal effects and high-quality beam making clear and fine markings. It is highly suitable for high-precision markings for small parts. However, its weak engraving over the metal surfaces makes it inappropriate for marking on metals, limiting its usage in the machine market.

Geographic Overview

Geographically, Asia Pacific region occupies the largest share of the market due to rapid industrialization and increasing adoption of the marking Machine across the region's manufacturing sector. China, India, Japan, South Korea, and Japan are key countries contributing towards the dominance of the regional laser marking Machine market. China is the world's largest manufacturing hub for various industries such as automobile, packaging, electronics, and consumer goods, making it the dominant country generating robust demand for these marking machines across multiple verticals. 

Europe is estimated to remain the second-largest region in the laser marking Machine market, with key countries contributing towards its significant share being Germany, France, the United Kingdom, Spain, and Italy. Strict traceability regulations across European Union and strong demand for permanent and high-contrast marks in industrial manufacturing have led to significant demand for the laser marking Machine market in the region. Additionally, rapid growth in high-speed manufacturing and automation in industrial production substantiates the product demand to a greater extent across the European region. 

The European Union has taken a significant step forward by enacting the Medical Device Regulation (MDR) in May 2021, which necessitates medical hardware producers to enforce a distinctive device-identifying (UDI) system akin to the one required by the US Food and Drug Administration (FDA) in 2013, thereby assisting the product demand for the Machine. Marking using this technology is ideal for complying with the enforcement as it can mark any material from stainless steel to aluminum to plastics while being permanent and maintaining high contrast even after repeated cleaning and sterilization. 

Competitive Insight

The market is marked by various strategic initiatives by the leading industry stakeholders, such as advancements in technology, enhanced marking system capability and efficiency, strategic collaborations, and acquisitions to gain a competitive edge in the machine market. Major players are investing heavily in innovations and research & development to meet or exceed the customer's expectations and deliver high-value products. 

Some of the key players competing in the global market are 600 Group, Coherent, Epilog Corporation, Gravotech Marking SAS, Han's Laser Technology Industry Group Co. Ltd., Jenoptik AG., LaserStar Technologies Corporation, Mecco, Novanta Inc., Telesis Technologies Inc., The Trumpf Group., Trotec Laser GmbH, TYKMA Electrolux, Inc., and VideoJet Technologies Ltd.

Laser Marking Machine Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 2.80 billion

Revenue forecast in 2030

USD 5.59 billion

CAGR

8.2% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Laser, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

600 Group, Coherent, Epilog Corporation, Gravotech Marking SAS, Han’s Laser Technology Industry Group Co. Ltd., Jenoptik AG., LaserStar Technologies Corporation, Mecco, Novanta Inc., Telesis Technologies Inc., The Trumpf Group., Trotec Laser GmbH, TYKMA Electrolux, Inc., and VideoJet Technologies Ltd.

 

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