Laser Marking Machine Market Size Worth $6.8 Billion By 2032 | CAGR: 7.5%

The global laser markings machine market size is expected to reach USD 6.8 billion by 2032, according to a new study by Polaris Market Research. The report “Laser Markings Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, and Services); By Material; By Laser Type; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising adoption and popularity of laser marking technology across several industrial verticals due to its ability to provide uniqueness to products, cost-effectiveness, and higher reliability compared to traditional marking systems, along with the surging need for unique device identification and deep engraving during the manufacturing process, are among the prominent factors influencing the global market growth over the years.

Growing proliferation among the leading market companies towards adopting several business strategies related to R&D activities and market expansion and consolidating their market position in the significantly competitive market by introducing new and more innovative products into their offerings are also likely to expand market growth opportunities and will lead to higher revenue for companies.

• For instance, in June 2023, Videojet Technologies a wide range of CO2 lasers with the introduction of the Videojet 3350 & Videojet 3350 Smart Focus 30-watt CO2 laser systems. They are specially designed to mark sharp & complex codes at higher speeds for the beverage, cosmetics, pharmaceutical, & extrusion industries.

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In recent years, there has been a significant increase in the adoption of Industry 4.0 principles all over the world, which emphasizes automation, data exchange, and IoT technologies, which, in turn, creates a strong demand and need for innovative or advanced marking solutions such as laser markings which lead to enhanced traceability, quality control, and production efficiency.

Furthermore, a growing number of stringent regulatory requirements and policies all over the world, mainly in industries including electronics, pharmaceuticals, and medical devices that necessitate product traceability, unique identification, and serialization, that can be easily complied with the help of laser marking systems by proving permanent as well as tamper-proof markings, is also likely to bode well for market growth in the near future.  

Laser Markings Market Report Highlights

• The hardware segment accounted for a noteworthy share on account of its surging use in numerous industries requiring products with unique identification codes and barcodes.
• The metal segment is projected to hold a substantial share, mainly due to the widespread utilization of metal as a major material in several end-use industries.
• UV laser segment will grow at the highest growth rate, which is largely accelerated by its beneficial features and characteristics, including fine material cutting and sharp edges.
• Asia Pacific dominated the global market with a substantial share on account of the region’s growing investments in the advancements of manufacturing facilities and automation.
• The key market players include Gravotech Marking, IPG Photonics Corporation, Mecco Partners LLC, Trotec Laser, Agile Machineries, and Han’s Laser Technology.

Polaris Market Research has segmented the laser markings market report based on offering, material, laser type, and region:

Laser Markings machine, Offering Outlook (Revenue - USD Billion, 2023 - 2032)

• Hardware
• Software
• Services

Laser Markings machine, Material Outlook (Revenue - USD Billion, 2023 - 2032)

• Metal
• Plastic
• Glass, Paper, and Ceramics
• Others

Laser Markings machine, Laser Type Outlook (Revenue - USD Billion, 2023 - 2032)

• Fiber Laser
• Diode Laser
• Solid-state Laser
• CO2 Laser
• UV Laser
• Others

Laser Markings machine, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Laser Markings Machine Market Report Scope