Global Laser Marking Machine Market Insights Forecasts to 2032

• The Global Laser Marking Machine Market Size was valued at USD 2.8 Billion in 2022.
• The Market is Growing at a CAGR of 7.5% from 2022 to 2032
• The Worldwide Laser Marking Machine Market Size is expected to reach USD 5.8 Billion by 2032
• North America is expected to Grow the fastest during the forecast period

The Global Laser Marking Machine Market size is anticipated to exceed USD 5.8 Billion by 2032, growing at a CAGR of 7.5% from 2022 to 2032. The increasing adoption of laser markers in various industries for traceability and part identification, in addition to the growing adoption of smart manufacturing techniques, can be attributed to the growth of the laser marking industry.

Market Overview

A laser marking machine is a mechanical device used to permanently engrave laser markings or drawings on a surface. It generates markings with a focused light beam emitted by a fibre, green, YAG, ultraviolet (UV), or CO2 laser. This beam focuses on a single point, allowing the machine to make precise, high-quality, and high-contrast markings. Common marks include text for serial numbers, machine-readable data for barcodes, unique identification codes, matrix codes, and artwork. Steel, titanium, aluminum, copper, ceramic, plastic, wood, glass, and paper are commonly etched. In addition to its long life, fast marking speed, excellent printing precision, and lack of consumables or waste, laser marking is becoming more popular in the market. To produce the unique identity of their products and marking solution requirements, the automotive, electronics, aerospace, packaging, and medical industries have increasingly relied on laser equipment rather than inkjet printers. In the electronics industry, the demand for laser marking devices to label PCBs, ICs, and other electronic components is expanding. The aerospace industry is a significant end-user of laser marking devices for marking components and parts used in airplanes and spacecraft.

Report Coverage

This research report categorizes the market for the global laser marking machine market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Laser Marking Machine market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the laser marking machine market.

Driving Factors

One of the primary factors driving market expansion is rapid global industrialization, which is accompanied by increased automation in the manufacturing sector. Other growth-promoting factors include technological breakthroughs such as the development of green-laser marking equipment. These cutting-edge tools allow for high-speed marking of electrical components, microchips, capacitors, and circuit boards while reducing environmental impact. Other factors such as rising consumer spending power and rising consumer desire for customized items such as jewelry, leather purses, and handbags are expected to boost the industry even further.

Restraining Factors

High development costs are a major factor that may hamper the growth of this market. The primary reasons producing potential for market participants are the rising demand for bespoke marking and engraving, as well as increased automation throughout the manufacturing process.

Market Segmentation

The Global Laser Marking Machine Market share is classified into laser type, offerings, and end users.

• The fiber laser segment is expected to grow fastest in the global laser marking machine market during the forecast period.      

Based on laser type, the laser marking machine market has been segmented into solid-state laser, diode laser, fiber laser, & others. Among these, the fiber laser segment is expected to grow fastest in the global laser marking machine market during the forecast period. Fiber laser marking machines are incredibly adaptable, efficient, and dependable. The laser beam is delivered via Fiber Optics, allowing for high-speed and precise marking of materials such as metals, plastics, and ceramics. Fiber laser marking machines are in high demand due to their high processing speed, low maintenance costs, and long service life. Furthermore, fiber laser marking machines are highly effective in marking high-quality barcodes, serial numbers, and logos on a variety of products, leading to an increase in demand from a variety of industries.

• The services segment is expected to grow at the highest pace in the global laser marking machine market during the anticipated period.   

Based on the offerings, the global laser marking machine market is divided into services, hardware, software, & others. Among these, the services segment is expected to grow at the highest pace in the global laser marking machine market during the forecast period. Companies and their channel partners provide both pre-and post-sales services to aid in the deployment and operation of laser marking systems. Several services are available throughout the lifecycle of laser marking systems, including machine setup and installation, lifecycle services, maintenance services, spare parts supply and upgrade, and support. Other servicing components include operator laser safety training, software training for IT professionals, and troubleshooting services.

• The automotive segment is expected to grow at the highest pace in the global laser marking machine market during the forecast period.   

Based on the end user, the global laser marking machine market is divided into aerospace and military, electronics and microelectronics, and automotive. Among these, the automotive segment is expected to grow at the highest pace in the global laser marking machine market during the forecast period. In the automotive industry, the use of laser marking machines has become critical for marking parts such as engine components, transmission components, brake systems, and chassis components. This is due to laser marking machines' ability to produce high-precision and long-lasting markings that can withstand harsh environmental conditions like extreme temperatures, abrasion, and corrosion. These benefits have increased demand for laser marking machines in the automotive industry, leading to revenue growth.

Regional Segment Analysis of the Global Laser Marking Machine Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is anticipated to hold the largest share of the global laser marking machine market over the predicted timeframe.

Asia-Pacific is projected to hold the largest share of the global laser marking machine market over the predicted timeframe. This market dominance can be attributed to the increasing adoption of laser marking technology in emerging markets like China and India, which are experiencing rapid growth in their manufacturing sectors. Demand for laser marking machines in this region is expected to rise further as e-commerce grows and automation in manufacturing processes becomes more common. Furthermore, the low cost of components and systems supplied by Chinese suppliers is expected to give them an advantage over international competitors. Demand in the region is also being driven by the availability of low-cost laser marking machines.

North America is expected to grow the fastest in the global laser marking machine market during the forecast period. Laser marking machines provide superior precision, durability, and flexibility, laser marking machines are becoming more popular in the region for marking and engraving various components and parts. Additionally, the region's increasing use of automation in manufacturing processes is expected to drive demand for laser marking machines.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global laser marking machine along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Coherent, Inc.
• TRUMPF
• Han’s Laser Technology Co., Ltd.
• Gravotech Marking
• IPG Photonics Corp.
• 600 Group
• Danaher Corp.
• Novanta Inc.
• KEYENCE Corp.
• Huagong Tech Co., Ltd.
• Trotec Laser
• Epilog Laser
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2022, Hitachi Industrial Equipment Systems Co., Ltd. announced the acquisition of Telesis Technologies Inc., a leading U.S.-based manufacturer specializing in laser-based marking equipment. Hitachi has expanded its presence in the marketing equipment market and strengthened its operations in North America as a result of this strategic move.

• In April 2023, PolyWorks 2023, a new version that expands on the PolyWorks Universal 3D Metrology Platform, was announced by InnovMetric. The new version includes a fully functional digital ecosystem that integrates into all major stages of a manufacturer's global dimensional management lifecycle, including product design, process design, validation, and production. This development solidifies PolyWorks' position as the go-to solution for precision and quality throughout the manufacturing lifecycle. Market Segment

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Laser Marking Machine Market based on the below-mentioned segments: 

Global Laser Marking Machine Market, By Laser Type

• Solid-State Laser
• Diode laser
• Fiber Laser
• Others

Global Laser Marking Machine Market, By Offering

• Services
• Hardware
• Software
• Others

Global Laser Marking Machine Market, By End User

• Aerospace and Military
• Electronics and Microelectronics
• Automotive
• Others

Global Laser Marking Machine Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa