Laser Marking Equipment Market size to grow by USD 1,226.21 million from 2022 to 2027. The growing coding and marking applications in the packaging industry to boost the market growth
NEW YORK, June 1, 2023 /PRNewswire/ -- The global laser marking equipment market size is estimated to increase by USD 1,226.21 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 7.29% during the forecast period. The growing coding and marking applications in the packaging industry is the key factor driving the global laser marking equipment market growth. The growth can be attributed to the rapidly growing healthcare and food and beverage industries in developing countries such as China and India. Furthermore, various codes and software have been developed to create a unique mark for each product to facilitate tracking during transit. Furthermore, the demand for coding and marking continues to grow due to increased demand from the pharmaceutical industry. Hence, such factors drive the market growth during the forecast period. Discover some insights on market size, historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report
Laser marking equipment market – Vendor AnalysisVendor Landscape - The global laser marking equipment market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer laser marking equipment in the market are Alpha Laser US Inc., AMADA Co. Ltd., EMAG GmbH and Co. KG, Emerson Electric Co., Epilog Corp., FANUC Corp., II VI Inc., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laser Marking Technologies LLC, Laserline GmbH, Laserstar Technologies Corp., Morn Laser, Perfect Laser Co. Ltd., Precitec GmbH and Co. KG, Shenzhen HeroLaser Equipment Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Videojet Technologies and others.
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Vendor Offerings -
Alpha Laser US Inc. - The company offers laser marking machines such as al in laser welder, al series laser welders, and alflak laser welder.
AMADA Co. Ltd. - The company offers laser marking machines such as flw ensis series, flw 1500mt, and ylw 400mt.
EMAG GmbH and Co. KG - The company offers laser marking machines such as elc 1200v, elc 160, and elc 160 hp.
For details on the vendor and their offerings – Request a sample report
Laser Marking Equipment Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on product (fiber laser machines, CO2 laser marking equipment, and others), application (machine tool, electronics and microelectronics, automotive, medical, and aerospace, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The market share growth by the fiber laser machines segment will be significant during the forecast period. Fiber lasers contain an optical fiber as an active gain medium to transmit the laser light from the source to the target and laser light/beam is generated and confined within an optical fiber core doped with ions. The ions including praseodymium, neodymium, erbium, dysprosium, thulium, holmium, ytterbium and pumped by a diode laser. Furthermore, a fine spot creates high-quality codes and marks on the surface of the material. Fiber lasers can be used to print small parts or print different information in small areas. Hence, such factors drive segment growth during the forecast period.
Geography OverviewBy geography, the global laser marking equipment market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global laser marking equipment market.
APAC is estimated to account for 48% of the global market growth during the forecast period. APAC is projected to capture the majority of the market share by 2027 owing to excessive overseas investment and many companies shifting manufacturing bases to countries such as India and China. For instance, the Belt and Road Initiative (BRI) and the Make in India Initiative attract investments in infrastructure development, which strengthens the manufacturing sector and creates demand for laser marking machines. Hence, such factors drive regional growth during the forecast period.
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Laser Marking Equipment Market – Market Dynamics
Key Trends -
The rising investments in research and development for laser marking equipment will fuel the global laser marking equipment market growth.
With the support of an organization called the National Network for Manufacturing Innovation, the US government agencies are beginning to invest heavily in key scientific disciplines.
Furthermore, the organization was established primarily to coordinate and encourage public and private investment in future manufacturing technologies and research and development.
Hence, such trends influence the growth of the market during the forecast period.
Major challenges -
The lack of skilled operators for laser marking equipment is a challenge that can majorly impede the growth of the market.
The CNC-based laser marking machines are widely used in the industry to translate digital data into desired motion controllers to carry out the metal sheet cutting process.
Furthermore, control systems are responsible for operating each component of equipment during various related processes.
Moreover, even though the machine has a microprocessor-based control system, marking operations require the services of an experienced operator. As the operator has to fulfill various duties.
Hence, such factors affect the growth of the market negatively.
Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this Laser Marking Equipment Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the laser marking equipment market between 2023 and 2027
Precise estimation of the size of the laser marking equipment market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the laser marking equipment market across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of laser marking equipment market vendors
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Laser Marking Equipment Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.29%
Market growth 2023-2027
USD 1,226.21 million
YoY growth 2022-2023 (%)
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 48%
US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Alpha Laser US Inc., AMADA Co. Ltd., EMAG GmbH and Co. KG, Emerson Electric Co., Epilog Corp., FANUC Corp., II VI Inc., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laser Marking Technologies LLC, Laserline GmbH, Laserstar Technologies Corp., Morn Laser, Perfect Laser Co. Ltd., Precitec GmbH and Co. KG, Shenzhen HeroLaser Equipment Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Videojet Technologies
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global laser marking equipment market 2017 - 2021
4.2 Product Segment Analysis 2017 - 2021
4.3 Application Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 Fiber laser machines - Market size and forecast 2022-2027
6.4 Co2 laser marking equipment - Market size and forecast 2022-2027
6.5 Others - Market size and forecast 2022-2027
6.6 Market opportunity by Product
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Machine tool - Market size and forecast 2022-2027
7.4 Electronics and microelectronics - Market size and forecast 2022-2027
7.5 Automotive - Market size and forecast 2022-2027
7.6 Medical - Market size and forecast 2022-2027
7.7 Aerospace and others - Market size and forecast 2022-2027
7.8 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 Middle East and Africa - Market size and forecast 2022-2027
9.7 South America - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 Japan - Market size and forecast 2022-2027
9.12 UK - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Alpha Laser US Inc.
12.4 AMADA Co. Ltd.
12.5 EMAG GmbH and Co. KG
12.6 Emerson Electric Co.
12.7 FANUC Corp.
12.8 II VI Inc.
12.9 IPG Photonics Corp.
12.10 Jenoptik AG
12.11 Jinan Xintian Technology Co. Ltd
12.12 Laser Marking Technologies LLC
12.13 Laserline GmbH
12.14 Laserstar Technologies Corp.
12.15 Morn Laser
12.16 Perfect Laser Co. Ltd.
12.17 TRUMPF SE Co. KG
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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