Global Laser Marking Machine Market Report and Forecast 2024-2032

Global Laser Marking Machine Market Outlook

The global laser marking machine market size reached approximately USD 3.34 billion in 2023. The market is projected to grow at a CAGR of 7.8% between 2024 and 2032, reaching a value of around USD 6.56 billion by 2032.

Key Trends in the Market

Laser marking is a technique used to mark or engrave an object's surface using a laser beam. It is a non-contact and non-destructive method that can create permanent markings with high precision and accuracy. The engraving process is usually done through laser marking machines, which are specially designed equipment for various applications of laser engraving on metals such as stainless steel, aluminium, silver, and gold, among others.

• One of the primary drivers bolstering the laser marking machine market demand is the increasing requirement for product identification and traceability across various sectors. Laser marking offers superior legibility and durability, making it ideal for marking serial numbers, barcodes, logos, and other essential information on products. Sectors such as automotive, aerospace, electronics, and medical devices require reliable traceability for quality control, counterfeit prevention, and regulatory compliance, hence boosting the usage of laser marking machines.

• Advancements in laser technology have played a crucial role in propelling the laser marking machine market growth. The development of high-powered and compact fibre lasers, diode-pumped lasers, and solid-state lasers has significantly enhanced the performance and capabilities of these machines. As laser technology continues to evolve, it is expected to further drive the adoption of laser marking machines across diverse sectors.

• The global shift towards Industry 4.0 and automation acts as a significant laser marking machine market trend. Integration of laser marking machines with computer numerical control (CNC) systems and programmable logic controllers (PLCs) enables seamless automation of production lines. This facilitates real-time data exchange, remote monitoring, and centralised control, hence optimising productivity and efficiency.

Market Analysis

Based on offerings, the market is segmented into services, hardware, and software. On the basis of laser type, the market can be divided into CO2 laser, fibre laser, green laser, UV laser, and YAG laser. The laser marking machine market segmentation, based on application, includes automotive, aerospace, machine tool, electronics and microelectronics, medical, packaging, and military, among others. The major regional markets for laser marking machines are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global laser marking machine market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Telesis Technologies, Inc

• Han's Laser Technology Industry Group Co., Ltd

• LaserStar Technologies Corporation

• Videojet Technologies Inc

• Trotec Laser GmbH

• Tykma Electrox, Inc

• Mecco

• Gravotech Marking SAS

• Coherent Corporation

• Others

Market Share by Type

According to the laser marking machine market analysis, UV lasers and YAG lasers are anticipated to exhibit notable growth rates during the projected timeframe. The increasing use of these lasers in various applications, such as micromachining and lithography, is expected to propel the market growth.

Such lasers posit remarkable capability of conducting meticulous cutting and micro-processing of specific materials like glass, textiles, and ceramic liquid crystal screens, among others, hence favouring the overall laser marking machine market development.

In UV laser markings, the beam employed interacts with the surface of materials like textile and glass, thereby modifying their characteristics and visual aspects. As the beam selectively focuses on a particular region, it generates markings of superior quality, precision, and enhanced contrast.

Market Share by Application

During the forecast period, machine tools are expected to represent a significant portion of the laser marking machine market share. The segment's growth is primarily driven by the expanding capabilities of laser marking machines to create permanent alphanumeric information on machine tools. This includes details such as batch numbers, 1D and 2D barcodes, designs, manufacturing dates, brand names, manufacturer codes, and logos.

Competitive Landscape

Telesis Technologies, Inc is a United States-based company that excels in the design, development, and production of laser marking, engraving, and etching systems. Established in 1971, the company has gained a reputation for its cutting-edge laser technology solutions utilised in a wide range of sectors for permanent marking and traceability purposes.

LaserStar Technologies Corporation is a prominent figure in the machinery manufacturing sector. The company was founded in 1957 and its headquarter is located in Florida, United States. Since its establishment, the company has grown to be a leading supplier of laser tools for various applications such as welding, engraving, and motion systems, among others.

Videojet Technologies Inc, headquartered in Illinois, United States, is a renowned global enterprise that specialises in delivering industrial coding and marking solutions. Since its establishment in 1969, Videojet has emerged as a key player in this field. As a subsidiary of the multinational conglomerate, Danaher Corporation, Videojet operates on a global scale.

Other laser marking machine market players include Han's Laser Technology Industry Group Co., Ltd, Trotec Laser GmbH, Tykma Electrox, Inc, Mecco, Gravotech Marking SAS, and Coherent Corporation, among others.

Key Highlights of the Report