Global Laser Marking Machine Market Size & Share to 2027
Global Laser Marking Machine Market Size, Trends & Growth Opportunity, By Type (CO2 Laser, UV Laser, Green Laser, Fiber Laser, and YAG Laser), By Application (Aerospace, Automotive, Machine Tool, Electronics & Microelectronics, Medical, Packaging, Military, and Others), By Region and Forecast till 2027
Global Laser Marking Machine Market
Laser marking machines are ideal for marking logos matrix codes, and barcodes on almost all types of materials. In the automotive sector, markers are used for engraving serial numbers on tires. Also, laser marking machines are used in various end use industries such as Aerospace, Machine Tool, Electronics & Microelectronics, Medical, Packaging, Military, and Others.
Market Drivers
The increase in product development such as portable laser marking machine is expected to boost the global laser marking machine market during this forecast timeline. Furthermore, the lack of alternative technologies for laser marking machine is expected positively influence the market growth. Also, the rise in demand from end use industries such as manufacturing, packaging, and automotive industry is expected to propel the global laser marking machine market growth. Moreover, the increase in demand for unique identification and deep engraving during the manufacturing process for the objective of traceability, production flow control, inventory control, and product quality validation is expected to drive the market demand. These markings done through a fiber laser machine which consume less time and do not fade.
Market Restraints
High deployment cost is the major restraint which is expected to hinder the global laser marking machine market growth during this forecast period.
Market Segmentation
The Global Laser Marking Machine Market is segmented into type such as CO2 Laser, UV Laser, Green Laser, Fiber Laser, and YAG Laser. Further, market is segmented into application such as Aerospace, Automotive, Machine Tool, Electronics & Microelectronics, Medical, Packaging, Military, and Others.
Also, Global Laser Marking Machine Market is segmented into five regions such as five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
The key operating players are discussed in this report such as Han's Laser Technology Industry Group Co., Ltd, Sea Force Co., Ltd, LaserStar Technologies Corporation, Gravotech Marking, MECCO, TYKMA Electrox, Inc, Trotec Laser GmbH; Epilog Laser, Videojet Technologies, Inc, and Telesis Technologies, Inc.
Market Taxonomy
By Type
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook