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Global Laser Marking Machine Market Size, Share, Forecast: By Offerings: Services, Hardware, Software; By Laser Type: CO2 Laser, Fibre Laser, Green Laser, UV Laser, YAG Laser; By Application: Automotive, Aerospace, Machine Tool, Electronics and Microelectronics, Medical, Packaging, Others, Regional Analysis; Competitive Landscape; 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

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Offerings Laser Type Application Region
Breakup by Offerings	Services Hardware Software
Breakup by Laser Type	CO2 Laser Fibre Laser Green Laser UV Laser YAG Laser
Breakup by Application	Automotive Aerospace Machine Tool Electronics and Microelectronics Medical Packaging Military Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	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

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Laser Marking Machine Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Laser Marking Machine Historical Market (2018-2023)
   8.3   Global Laser Marking Machine Market Forecast (2024-2032)
   8.4   Global Laser Marking Machine Market by Offerings
       8.4.1   Services
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Hardware
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Software
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
   8.5   Global Laser Marking Machine Market by Laser Type
       8.5.1   CO2 Laser
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Fibre Laser
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Green Laser
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
       8.5.4   UV Laser
           8.5.4.1   Historical Trend (2018-2023)
           8.5.4.2   Forecast Trend (2024-2032)
       8.5.5   YAG Laser
           8.5.5.1   Historical Trend (2018-2023)
           8.5.5.2   Forecast Trend (2024-2032)
   8.6   Global Laser Marking Machine Market by Application
       8.6.1   Automotive
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Aerospace
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Machine Tool
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Electronics and Microelectronics
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Medical
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
       8.6.6   Packaging
           8.6.6.1   Historical Trend (2018-2023)
           8.6.6.2   Forecast Trend (2024-2032)
       8.6.7   Military
           8.6.7.1   Historical Trend (2018-2023)
           8.6.7.2   Forecast Trend (2024-2032)
       8.6.8   Others
   8.7   Global Laser Marking Machine Market by Region
       8.7.1   North America
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1   Historical Trend (2018-2023)
           8.7.5.2   Forecast Trend (2024-2032)
9   North America Laser Marking Machine Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Laser Marking Machine Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Laser Marking Machine Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Laser Marking Machine Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Laser Marking Machine Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Telesis Technologies, Inc
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Han's Laser Technology Industry Group Co., Ltd
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   LaserStar Technologies Corporation
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Videojet Technologies Inc
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Trotec Laser GmbH
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Tykma Electrox, Inc
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Mecco
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Gravotech Marking SAS
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Coherent Corporation
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Laser Marking Machine Market: Key Industry Highlights, 2018 and 2032
2.   Global Laser Marking Machine Historical Market: Breakup by Offerings (USD Billion), 2018-2023
3.   Global Laser Marking Machine Market Forecast: Breakup by Offerings (USD Billion), 2024-2032
4.   Global Laser Marking Machine Historical Market: Breakup by Laser Type (USD Billion), 2018-2023
5.   Global Laser Marking Machine Market Forecast: Breakup by Laser Type (USD Billion), 2024-2032
6.   Global Laser Marking Machine Historical Market: Breakup by Application (USD Billion), 2018-2023
7.   Global Laser Marking Machine Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.   Global Laser Marking Machine Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Laser Marking Machine Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Laser Marking Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Laser Marking Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Laser Marking Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Laser Marking Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Laser Marking Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Laser Marking Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Laser Marking Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Laser Marking Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Laser Marking Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Laser Marking Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Laser Marking Machine Market Structure

Key Questions Answered in the Report

What was the global laser marking machine market value in 2023?

In 2023, the market reached an approximate value of USD 3.34 billion.

What is the growth rate of the global laser marking machine market?

The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.

What is the forecast outlook of the laser marking machine market for 2024-2032?

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 6.56 billion by 2032.

What are the major market drivers?

The market is being driven by the increasing demand for product identification and growing applications of laser marking machines in various industrial sectors.

What are the major trends in the market?

The major trends in the market include the paradigm shift towards Industry 4.0 and rapid advancements in laser technology.

What are the major regional markets for laser marking machines, according to the EMR report?

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major applications of laser marking machines?

The different applications of the product include automotive, aerospace, machine tool, electronics and microelectronics, medical, packaging, and military, among others.

Who are the key market players, according to the laser marking machine market report?

The key players in the market are 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, and Coherent Corporation, among others.

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