Laser Marking Machine Market Size Worth USD 5.84 Billion by 2025 | CAGR: 5.4%
Published Date : 02 / 04 / 2019 | Report Format: PDF
The global laser marking machine market is expected to grow at CAGR of 5.4% to reach USD 5.84 billion by 2025.
Laser marking is employed for labelling and marking work pieces or materials. Various procedures are used in marking such as staining, engraving, annealing, removing, and foaming. Each procedure has its own pros and cons depending on the material used and quality required. These devices are utilized by many industries for component labelling, marking serial number, date codes, barcodes and individual part numbers. The industry is anticipated to touch significant revenue share owing to the emergence of advanced technologies coupled with growing acceptance by aerospace and automobile industries for precise marking. This technology is always preferred in these fields as it is used to emboss permanent alphanumeric details on products like brand name, batch number etc. Moreover, growing demand of leather products and customized jewellery will propel the industry in near future. On contrary, requirement for high initial investment and lack of adoption of this technology in underdeveloped regions will pull back the industry growth to some extent.
- Fiber, UV, Green, CO2, and YAG laser are some of the different types of laser marking products available commercially. It is analyzed that fibre marking products are anticipated to remain ahead in the market in the coming years with a share of over 40%.
- On contrary, carbon dioxide laser is anticipated to gain significant share till 2025, because of associated benefits such as its compatibility for various wavelengths and utility in drilling, cutting, welding and perforating
- On the basis of application, the industry is divided into automotive, electronics & microelectronics, aerospace, medical, machine tool, military, packaging and others
- Of these, machine tool segment has taken the largest share of laser marking equipment market. It has the fastest growing market with a revenue share of 30%.
- Europe and North America are witnessing excellent growth due to favourable government regulations on embossing medical equipment and surgical devices
- Whereas, Asia-Pacific region captured over 38% revenue share in 2017 and is likely to dominate the market in near future
- The major players involved in this industry are Gravotech Marking, Han’s Laser, Epilog Laser
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The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
- Timer & Plywood
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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