Global Laser Marking Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Laser Marking Machine Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global laser marking machine market has been segmented on the basis of type, application, as well as regions and countries.

Request Covid - 19 Impact

Overview:

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 range of applications.

Dynamics:

The growing requirement for deep engraving and unique device identification during the process of manufacture for the purposes of inventory control, traceability, product quality validation, as well as product flow control. The markings made by these machines, especially concerning the fiber laser machine, is less time consuming, and does not fade, even when in contact with harsh chemicals and heat. As such, there is a growing demand for these machines in the defense and electronics sectors, and this is expected to significantly influence the global laser marking machine market over the next 10 years. Growth of the automotive industry, where laser marking machines are widely used to engrave serial number on tires without altering its structure, is further contributing to the revenue growth of this global market. Furthermore, the increasing number of strict government protocols and guidelines concerning the markings engraved on medical and surgical equipment to enhance traceability is a factor that is also slated to positively impact market growth. The market for customization of personal property and products such as leather jewelry, bags, etc. is steadily gaining popularity, this is also anticipated to add to further expansion of this market in the near future.

Segmentation of the global laser marking machine market is as follows:

In terms of type, the fiber laser machine segment accounted for the majority revenue share of the global laser marking machine market in 2019, and is expected to continue to do so over the next 10 years. This can be accredited to these machines having quicker operational durations and are more technologically advanced.

With respect to application, the machine tools segment accounted for the highest number of revenue shares of the global market, due to the increasing importance of part traceability and identification purposes. Additionally, the increasing use of robotics, sensors and automation has also emphasized the significance of tool recognition and identification, and this is expected to further fuel future market growth.

Regional Segmentation and Analysis:

The Asia Pacific accounted for the majority revenue share of the global laser marking machines market in 2019, and is expected to expand at the fastest rate of revenue growth in the years to come. This is attributed to the increasing adoption of advanced manufacturing techniques, as well as the booming military and aerospace sectors in this region. The markets in Europe are also expected to register considerable revenue growth in the years to come, due to their rapidly expanding automotive and automotive component industries.

Segmentation of the Global Laser Marking Machine Market:

Segmentation by Type:

• CO2 Laser
• Fiber Laser
• Green Laser
• UV Laser
• YAG Laser

Segmentation by Application:

• Automotive
• Aerospace
• Machine Tool
• Electronics and Microelectronics
• Medical
• Packaging
• Military
• Others

Segmentation by Region:

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