Laser Marking Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2022–2028, Segmented By Laser Type (Fiber Laser, Diode Laser, Solid State Laser, CO2 Laser, UV Laser); By Offering (Hardware, Software); By End User (Semiconductor & Electronics, Automotive, Machine Tools, Medical & Healthcare, Aerospace & Defense, Packaging); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Laser Marking Market Size Set to Touch USD 4.68 billion by 2028
Global laser marking market is flourishing, as the effectiveness of laser markers is superior to conventional material marking, rapid urbanization and digitalization, increasing product innovations, and a surging demand for product application in various industrial uses.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Laser Marking Market size at USD 2.84 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects global laser marking market size to grow at a steady CAGR of 5.8% reaching a value of USD 4.68 billion by 2028. Global laser marking market size expansion is driven by increasing use of laser marking machines in automation processes for large scale manufacturing and the value added by these industries to the GDP of the nations, and various advantages attributed with the use of laser marking systems. Factors, such as the growing requirement among manufacturing firms to track and trace their end products or items in the manufacturing process, as well as developments in laser technology, are also expected to generate various potential for market expansion. Laser marking is widely used because to its superior consistency, competitive advantage, precision, and quick engraving, as well as increased need for material processing and R&D expenditure. Therefore, all these factors are expected to further boost the growth of global laser marking market during period in analysis. However, high cost of deployment is anticipated to restrain the overall market growth.
Global Laser Marking Market – Overview
The laser marking machine market is comprised of companies (organizations, partnerships, and sole proprietors) that produce laser marker machines using a concentrated beam of light to make a permanent mark on a surface. For laser marking, a fiber, pulsed, continuous wave, green, or UV laser system is typically employed and covers a wide range of applications. Laser marking uses no consumables and requires less upkeep than other non-permanent marking methods like as printing or labeling.
Opportunity: Increasing adoption of AI & ML in laser marking
Artificial intelligence (AI) and machine learning (ML) applications are being used by laser marking machine manufacturers to improve production efficiency, save costs, and minimize manufacturing errors. AI is a type of ML that uses human intellect characteristics, such as reasoning and problem-solving abilities, to gain insights and give relevant information. It is used for a wide range of mechanical applications including brazing, cutting, engraving, laser printing, and welding. Many laser-based Industry 4.0 applications leverage advances in IoT, AI, cloud computing, cognitive computing, cyber-physical systems, machine learning, and other domains.
Global Laser Marking Market – By End User
On basis of end user, global laser marking market is segmented into Semiconductor & Electronics, Automotive, Machine Tools, Medical & Healthcare, Aerospace & Defense, and Packaging industries. The machine tools segment is expected to hold the highest share in the market during the forecast period. Machine tool manufacturing is the most common use for laser marking and engraving equipment. Industries have employed more machinery for faster output and improved production capacity to cater the requirements of consumers with increased production capacity. It necessitates the use of laser marking devices to print details such as barcodes, item number, QR codes, and other traceability information.
Impact of COVID–19 on Global Laser Marking Market
COVID 19 had a detrimental impact on global laser marking market due to stringent lockdown imposition worldwide leading to supply chain disruptions. The significant demand for equipment and machinery was previously observed from leading manufacturing countries such as the United States, Germany, Italy, the United Kingdom, and China, which was severely impacted by the epidemic, suspending demand for equipment and machinery. However, the impact was not much longer on laser marking market. There was an increase in demand as it helped various sectors due to lack of workforce required to operate the machine. Therefore, it aided in preventing the virus spread while ensuring supply-chain demand consistency.
Competitive Landscape
Major players operating in global laser marking market include Coherent, Inc., TRUMPF Han’s Laser Technology Co., Ltd., Gravotech Marking, IPG Photonics Corp., 600 Group PLC, Danaher, Novanta Inc., KEYENCE CORPORATION, Huagong Tech Co., Ltd., Trotec Laser, Epilog Laser, MECCO, JENOPTIK AG, LaserStar Technologies Corporation, Telesis Technologies, Inc., ACSYS Lasertechnik GmbH, MAXSELL.CO.IN., Videojet Technologies, Inc., and LNA Laser Technology. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Global Laser Marking Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Laser Marking Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Laser Marking Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Effectiveness of laser markers is superior to conventional material marking
- 3.2.1.2. Worldwide growth in product demand for a variety of industrial uses
- 3.2.1.3. Increased awareness, urbanization, digitalization, and product innovation
- 3.2.2. Restraints
- 3.2.2.1. High cost of deployment
- 3.2.3. Opportunity
- 3.2.3.1. Increased automation throughout the manufacturing industry
- 3.2.3.2. Increasing use of cutting-edge laser marking technology
- 3.2.4. Challenges
- 3.2.4.1. Regulatory compliance
- 3.2.4.2. Technical complexities related to high-power lasers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Global Laser Marking Market Overview
- 4.1. Market Size & Forecast, 2018–2028
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Laser Type
- 4.2.1.1. Fiber Laser
- 4.2.1.2. Diode Laser
- 4.2.1.3. Solid State Laser
- 4.2.1.4. CO2 Laser
- 4.2.1.5. UV Laser
- 4.2.1.6. Others
- 4.2.2. By Offering
- 4.2.2.1. Hardware
- 4.2.2.2. Software
- 4.2.3. By End User
- 4.2.3.1. Semiconductor & Electronics
- 4.2.3.2. Automotive
- 4.2.3.3. Machine Tools
- 4.2.3.4. Medical & Healthcare
- 4.2.3.5. Aerospace & Defense
- 4.2.3.6. Packaging
- 4.2.3.7. Others
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America
- 4.2.4.5. Middle East and Africa (MEA)
- 5. North America Laser Marking Market
- 5.1.1. Market Size & Forecast, 2018–2028
- 5.1.2. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Laser Type
- 5.2.2. By Offering
- 5.2.3. By End User
- 5.2.4. By Country
- 5.2.4.1. United States
- 5.2.4.1.1. By Laser Type
- 5.2.4.1.2. By Offering
- 5.2.4.1.3. By End User
- 5.2.4.2. Canada
- 5.2.4.2.1. By Laser Type
- 5.2.4.2.2. By Offering
- 5.2.4.2.3. By End User
- 6. Europe Laser Marking Market
- 6.1. Market Size & Forecast, 2018–2028
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Laser Type
- 6.2.2. By Offering
- 6.2.3. By End User
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Laser Type
- 6.2.4.1.2. By Offering
- 6.2.4.1.3. By End User
- 6.2.4.2. United Kingdom
- 6.2.4.2.1. By Laser Type
- 6.2.4.2.2. By Offering
- 6.2.4.2.3. By End User
- 6.2.4.3. Italy
- 6.2.4.3.1. By Laser Type
- 6.2.4.3.2. By Offering
- 6.2.4.3.3. By End User
- 6.2.4.4. France
- 6.2.4.4.1. By Laser Type
- 6.2.4.4.2. By Offering
- 6.2.4.4.3. By End User
- 6.2.4.5. Spain
- 6.2.4.5.1. By Laser Type
- 6.2.4.5.2. By Offering
- 6.2.4.5.3. By End User
- 6.2.4.6. The Netherlands
- 6.2.4.6.1. By Laser Type
- 6.2.4.6.2. By Offering
- 6.2.4.6.3. By End User
- 6.2.4.7. Belgium
- 6.2.4.7.1. By Laser Type
- 6.2.4.7.2. By Offering
- 6.2.4.7.3. By End User
- 6.2.4.8. NORDIC Countries
- 6.2.4.8.1. By Laser Type
- 6.2.4.8.2. By Offering
- 6.2.4.8.3. By End User
- 6.2.4.9. Rest of Europe
- 6.2.4.9.1. By Laser Type
- 6.2.4.9.2. By Offering
- 6.2.4.9.3. By End User
- 7. Asia Pacific Laser Marking Market
- 7.1. Market Size & Forecast, 2018–2028
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Laser Type
- 7.2.2. By Offering
- 7.2.3. By End User
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Laser Type
- 7.2.4.1.2. By Offering
- 7.2.4.1.3. By End User
- 7.2.4.2. India
- 7.2.4.2.1. By Laser Type
- 7.2.4.2.2. By Offering
- 7.2.4.2.3. By End User
- 7.2.4.3. Japan
- 7.2.4.3.1. By Laser Type
- 7.2.4.3.2. By Offering
- 7.2.4.3.3. By End User
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Laser Type
- 7.2.4.4.2. By Offering
- 7.2.4.4.3. By End User
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Laser Type
- 7.2.4.5.2. By Offering
- 7.2.4.5.3. By End User
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Laser Type
- 7.2.4.6.2. By Offering
- 7.2.4.6.3. By End User
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Laser Type
- 7.2.4.7.2. By Offering
- 7.2.4.7.3. By End User
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Laser Type
- 7.2.4.8.2. By Offering
- 7.2.4.8.3. By End User
- 7.2.4.9. Philippines
- 7.2.4.9.1. By Laser Type
- 7.2.4.9.2. By Offering
- 7.2.4.9.3. By End User
- 7.2.4.10. Vietnam
- 7.2.4.10.1. By Laser Type
- 7.2.4.10.2. By Offering
- 7.2.4.10.3. By End User
- 7.2.4.11. Rest of Asia Pacific
- 7.2.4.11.1. By Laser Type
- 7.2.4.11.2. By Offering
- 7.2.4.11.3. By End User
- 8. Latin America Laser Marking Market
- 8.1. Market Size & Forecast, 2018–2028
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Laser Type
- 8.2.2. By Offering
- 8.2.3. By End User
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Laser Type
- 8.2.4.1.2. By Offering
- 8.2.4.1.3. By End User
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Laser Type
- 8.2.4.2.2. By Offering
- 8.2.4.2.3. By End User
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Laser Type
- 8.2.4.3.2. By Offering
- 8.2.4.3.3. By End User
- 8.2.4.4. Peru
- 8.2.4.4.1. By Laser Type
- 8.2.4.4.2. By Offering
- 8.2.4.4.3. By End User
- 8.2.4.5. Colombia
- 8.2.4.5.1. By Laser Type
- 8.2.4.5.2. By Offering
- 8.2.4.5.3. By End User
- 8.2.4.6. Rest of Latin America
- 8.2.4.6.1. By Laser Type
- 8.2.4.6.2. By Offering
- 8.2.4.6.3. By End User
- 9. Middle East & Africa Laser Marking Market
- 9.1. Market Size & Forecast, 2018–2028
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Laser Type
- 9.2.2. By Offering
- 9.2.3. By End User
- 9.2.4. By Application
- 9.2.5. By Country
- 9.2.5.1. Saudi Arabia
- 9.2.5.1.1. By Laser Type
- 9.2.5.1.2. By Offering
- 9.2.5.1.3. By End User
- 9.2.5.2. UAE
- 9.2.5.2.1. By Laser Type
- 9.2.5.2.2. By Offering
- 9.2.5.2.3. By End User
- 9.2.5.3. Qatar
- 9.2.5.3.1. By Laser Type
- 9.2.5.3.2. By Offering
- 9.2.5.3.3. By End User
- 9.2.5.4. Kuwait
- 9.2.5.4.1. By Laser Type
- 9.2.5.4.2. By Offering
- 9.2.5.4.3. By End User
- 9.2.5.5. Iran
- 9.2.5.5.1. By Laser Type
- 9.2.5.5.2. By Offering
- 9.2.5.5.3. By End User
- 9.2.5.6. South Africa
- 9.2.5.6.1. By Laser Type
- 9.2.5.6.2. By Offering
- 9.2.5.6.3. By End User
- 9.2.5.7. Nigeria
- 9.2.5.7.1. By Laser Type
- 9.2.5.7.2. By Offering
- 9.2.5.7.3. By End User
- 9.2.5.8. Kenya
- 9.2.5.8.1. By Laser Type
- 9.2.5.8.2. By Offering
- 9.2.5.8.3. By End User
- 9.2.5.9. Egypt
- 9.2.5.9.1. By Laser Type
- 9.2.5.9.2. By Offering
- 9.2.5.9.3. By End User
- 9.2.5.10. Morocco
- 9.2.5.10.1. By Laser Type
- 9.2.5.10.2. By Offering
- 9.2.5.10.3. By End User
- 9.2.5.11. Algeria
- 9.2.5.11.1. By Laser Type
- 9.2.5.11.2. By Offering
- 9.2.5.11.3. By End User
- 9.2.5.12. Rest of Middle East & Africa
- 9.2.5.12.1. By Laser Type
- 9.2.5.12.2. By Offering
- 9.2.5.12.3. By End User
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Laser Marking Company Market Share Analysis, 2021
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
- 11. Impact of Covid-19 on Global Laser Marking Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
- 12.1. Coherent, Inc.
- 12.2. TRUMPF
- 12.3. Han’s Laser Technology Co., Ltd.
- 12.4. Gravotech Marking
- 12.5. IPG Photonics Corp.
- 12.6. 600 Group PLC
- 12.7. Danaher
- 12.8. Novanta Inc.
- 12.9. KEYENCE CORPORATION
- 12.10. Huagong Tech Co., Ltd.
- 12.11. Trotec Laser
- 12.12. Epilog Laser
- 12.13. MECCO
- 12.14. JENOPTIK AG
- 12.15. LaserStar Technologies Corporation
- 12.16. Telesis Technologies, Inc.
- 12.17. ACSYS Lasertechnik GmbH
- 12.18. MAXSELL.CO.IN.
- 12.19. Videojet Technologies, Inc.
- 12.20. LNA Laser Technology
- 12.21. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
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