The laser marking machine market size is expected to reach USD 5.59 billion by 2030 according to a new study by Polaris Market Research. The report “Laser Marking Machine Market Share, Size, Trends, Industry Analysis Report, By Application (Automotive, Aerospace, Packaging, Electronics, Machine Tool, Medical, Others); By Laser (Fiber, CO2, Green, UV, YAG); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Laser marking has been gaining prevalence in the market due to its longevity of usage, high speed of marking, exceptionally high precision in printing, and leaves no consumables or wastages. Modern industrial manufacturing across verticals such as automotive, electronics, aerospace, packaging, and medical have increasingly relied on laser machines instead of inkjet printers to create the unique identity of their product and marking solution needs.
Machine tools segment accounts for a significant share in the industry due to the low cost of ownership of laser machines and extremely high precision and repeatability of the utmost quality for small and complex machine tools. High power lasers keep the machine's tool manufacturing and delivery with a shorter cycle time, making them readily available in the industry. Further, laser technology creates permanent and high-contrast markings, making them viable solutions for machine tool applications with different material substrates.
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Asia-Pacific to retain its highest share in the industry during the forecast period, with China acting as the region's growth engine. The laser industry in China grew enormously over the past decades, and various renowned laser machines manufacturers came into the limelight, such as Han's Laser Technology Industry Group Co., Ltd., HG-Tech, U.W. Laser, Tian Hong Laser, and Suzhou Suntop Laser Technology Co., Ltd. serving both domestic as well as international markets. India has also emerged over the past few years with the growing usage of laser engraving across industry verticals in the manufacturing sector.
Market participants such as GmbH, Han's Laser Technology Industry Group Co. Ltd., TYKMA Electrolux, Inc., Gravotech Marking SAS, Telesis Technologies Inc., Epilog Corporation, VideoJet Technologies Ltd., Mecco, Coherent, 600 Group, The Trumpf Group, Novanta Inc., and Jenoptik AGaresome of the key players competing in the global market.
Industry players are striving hard to serve the customers with breakthrough technologies and solve the pain point of customers with value-added offerings. In September 2021, GEA delivered an integrated laser labeling system into its PowePak thermoforming machinery for confectionery or bakery products, with the growing volume of product information being marked on the packaging.
Polaris Market Research has segmented the laser marking machines market report on the basis of application, laser, and region:
Laser Marking Machine, Application Outlook (Revenue–USD Billion, 2018 - 2030)
Laser Marking Machine, Laser Outlook (Revenue - USD Billion, 2018 - 2030)
Laser Marking Machine, Regional Outlook (Revenue - USD Billion, 2018 - 2030)