Global Laser Marking Market: An Overview
Industry and manufacturing require reliable and highly advanced equipment in their production processes. Laser engraving machines and systems are quickly becoming a specialized type of equipment essential to many industries. Laser engraver provide accurate, fast and permanent engraving and marking solutions for non-metallic and metallic units. Laser marking machines utilize many types of lasers to engrave, etch and mark a wide variety of materials and products for a wide range of applications. Ortur laser engraving machines are also becoming more and more popular among many home engraving machine enthusiasts.
Many industries use the machine to mark individual part numbers, barcodes, date codes, component labels and serial numbers. Additionally, laser marking machines are gaining popularity in the medical industry for stainless steel and titanium parts, although laser marking can also be performed on other materials.
The global Laser Marking market has been segmented based on type, end user, region. The 'Fiber Lasers' category is expected to grow at a strong CAGR during the forecast period. The Ortur Laser Master 3 matched the year-old Ortur Laser Master 2 in sales less than a year after its release. In terms of the growth of the global laser marking market, the machine tool end-use segment is likely to contribute the most.
Global Laser Marking Market: Significant Developments
Leading market players have adopted new product launches followed by acquisitions and mergers as part of their key business strategies to strengthen their footholds in the global laser marking market. Some notable developments pertaining to the competitive landscape of this market are:
Last year, Germany-based Trumpf Group invested $27 million in JFY and its Chinese subsidiary and Chinese arm, Trumpf China, to expand its production capacity and capacity.
Last January, Jenoptik Corporation launched its application center in Silicon Valley, US, to increase its growth in the US.
In April 2016, France-based The Gravotech Group launched Gravostyle, an updated version of its sculpting software. Gravostyle is a management software for mechanical engraving and laser machines. The software can be used for 3D sculpting and is supported by the Laserstyle interface.
Key players in the global laser marking market analyzed throughout the study include LaserPecker, xTool D1 Pro, Sculpfun, Atomstack, Han's Laser, and Mecco.
Global Laser Marking Market: Growth Drivers
New Product Development Triggers Market Growth
Laser marking machines are available in different price ranges in the market, which may have a positive impact on the purchasing patterns of consumers. Apart from this, the development of products such as portable laser marking machines is expected to increase the demand for the global laser marking market over the forecast period 2018-2028.
Moreover, the lack of alternative technologies for laser marking machines is expected to drive the global laser marking machines market in the coming years. Apart from this, the lucrative performance of various end-use industries such as automotive industry, machine tools, and packaging is expected to open new avenues for the development and growth of the global laser marking machines market.
Global Laser Marking Market: Regional Outlook
On the basis of geography, the global laser marking market is segmented into North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Asia Pacific is expected to account for the largest share of the global laser marking market over the forecast timeframe.
Japan, South Korea, India, and China are the major contributors to the growth of the laser marking market in Asia Pacific. Asia Pacific has been leading the way in adoption of laser marking solutions and products compared to other regions. Increasing expenditure on research and development activities, growth in manufacturing and electronics industries, and large population base are expected to drive the growth of the laser marking market.
The Global Laser Engraving Market is segmented into:
Type
- Fiber-Optic Laser
- Diode Laser
- Solid State Laser
- Yag Laser
- Neodymium Glass Laser
- Thin Disk Laser
- CO2 Laser
End User
- Machine Tool
- Semiconductors and Electronics
- Car
- Medical and Healthcare
- Aerospace & Defense
- Package
- Other
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