The Laser Marking Machine Market was valued at $2.10 Billion in 2018 and is forecast to grow at a modest 7.9 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xx.1 Billion.
Industry at a Glance.
laser marking is a permanent process that uses a beam of concentrated light to create a lasting mark on a surface. Typically performed with a fiber, pulsed, or continuous wave laser machine, laser marking encompasses a wide variety of applications. It is a marking method which utilizes laser light to mark materials using a fine spot diameter ranging from 0.002′ to 0.01′.
Mounting demand for the print of everlasting alphanumerical code on the product, growth of the machine tool industry and swelling industrial-technological advancement are some of the factors powering the market growth.
The rising necessity for exclusive device identification and deep design through the manufacturing process for the objective of traceability, inventory control, production flow control, and product quality validation are estimated to propel the market demand. These markings completed by these machines, particularly fiber laser machine, consume less time and no diminish, even if it comes under heat or chemicals.
According to the U.S. Department of Defense (MDD) has a MIL-STD-130 standard, under which, the military property comprising weapons, artillery, and other equipment should be marked for tracking purposes. Likewise, in 2007, the Food and Drug Administration (FDA) added the requirement of Unique Device Identification System to Federal Food, Drug, and Cosmetic Act.
“Optimal Price Point (OPP) for Global Laser Marking Machine”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Laser Marking Machine are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Laser Marking Machine Market by “Key Type”
We have segmented the Global Laser Marking Machine-based on Key Type as CO2, Fiber, Green, UV, and YAG.
We have observed the rapid growth of Laser Marking Machine followed by Fiber segment has the largest market share of $1.2Billion and is expected to propel the market growth over the forecast period. owing to better versatility, low maintenance and long lasting source of consumable is driving the segment growth. The ability of fiber marking machine to mark over wide range of materials such as plastics, coated glass, coated metal, laminates, wood, foam, rubber, and much more is further fueling its demand.
Global Laser Marking Machine Market by “Application Categories”
We have segmented the Global Laser Marking Machine-based on Application Categories as Automotive, Aerospace, Medical, Packaging, Machine Tool, Military, and Others.
We have observed the rapid growth of Laser Marking Machine followed by the Machine Tool segment has the largest market share in 2018 and is estimated to grow during the prediction period. Basically, these segment highly populated for part marking and tracking of automation sector and industrial manufacturing & processing sector as well as it enhances the capacity of the batch production system. By the use of laser marking to tool alphanumeric character, logos, graphics, and bar codes has raised the product demand in machine tools industry.
We also noticed the electronics application segment anticipated to drive the market with a CAGR of 6.8% from 2018 to 2026.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Laser Marking Machine followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is has dominated the market and is anticipated to create s strong CAGR of 8.6% in the near future. Increasing FDI investment in manufabturing industry, booming aerospace and military industry, automobile, machine tool, aviation, electronics and rising infrastrucuure developmenmt are the key facor for the market growth.
The Europe region led the market and accounted for the largest market share of $0.82Billion, in terms of developing market and End-use industries, in the global market. Robust industrialization and growing processing sector such as automotive segment especially in Germany, Europe, and Italy is again contributing the regional market growth. Owing to rising demand of various marking tools is expected to push the market demand high in the coming future.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Universal Laser Systems, Keyence Corporation, Huagong Tech Company Limited, Panasonic Electric Works Europe AG, Coherent, an’s Laser Technology Industry Group Co., Telesis Technologies, Videojet Technologies, Trotec Laser GmbH, Epilog Laser, TYKMA Electrox, MECCO, LaserStar Technologies Corporation, Gravotech Marking, and Sea Force Co., Ltd are few major players in Global Laser Marking Machine markets. The Global Laser Marking Machine market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Laser Marking Machine Market by Key Type (Revenue, Million, 2018 – 2026)
Global Laser Marking Machine Market by Application Categories (Revenue, Million, 2018 – 2026)
- Machine Tool
Global Laser Marking Machine Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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