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The Global Laser Marking Equipment Market size is estimated to grow by USD 1,226.21 million accelerating at a CAGR of 7.29% between 2023 and 2027. This laser marking equipment market report extensively covers market segmentation by Product (fiber laser machines, co2 laser marking equipment, and others), Application (machine tool, electronics and microelectronics, automotive, medical, and aerospace and others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.29% |
Market growth 2023-2027 |
USD 1226.21 million |
Market YoY |
Fragmented |
YoY growth 2022-2023(%) |
6.83 |
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global coding and marking market is poised for robust growth, with a projected double-digit expansion anticipated in the coming years. Developing economies like China and India are fueling this growth, thanks to their burgeoning healthcare and food and beverage sectors. These industries require precise coding and marking to enable easy tracking during product transportation.
In 2022, the APAC and Europe regions dominated this market, and this trend is expected to persist. Asian countries, including India, China, Japan, and South Korea, are witnessing increased adoption of liquid packaging in the food and beverage sector, bolstering demand for reliable packaging technologies, while the pharmaceutical industry's growth further boosts coding and marking needs. Europe is also experiencing growth, driven by the rising demand for packaged and convenience foods, spurring fresh food packaging and coding and marking market expansion. Consequently, the global laser marking equipment market is anticipated to thrive in tandem with the escalating coding and marking demands in the packaging industry.
Augmented demand from other end-user industries for laser marking equipment is a key trend shaping the market. Laser marking technology, initially used in graphic arts, has now found applications in greeting cards, advertisements, party accessories, and stationery items.
In recent years, it has also made its mark in the packaging industry, particularly in food and cosmetics, enhancing product aesthetics. This technology enables manufacturers to stand out in the competitive packaging market. With rising demand, increased capacity, and lower equipment costs, laser marking is expected to gain traction in finishing shops, driving demand for laser marking machines and fueling market growth.
Dependence on limited suppliers of raw materials is a key challenge hindering the market growth. Laser marking equipment manufacturers heavily rely on third-party suppliers to provide essential components such as mirrors, lenses, and tubes. This reliance introduces significant challenges to their operations. Issues like performance and quality non-compliance, delivery delays, alterations in supplier technology strategies, production disruptions, price increases, or product discontinuations can severely impact manufacturers.
Furthermore, strained relationships with key suppliers due to competitive pressures or conflicting interests can hinder manufacturers' ability to secure components cost-effectively. The presence of defective hardware or software from suppliers also poses a threat, leading to project delays, reduced performance, and increased testing and verification efforts. These challenges are compounded by a limited supplier pool, resulting in supply shortages and disruptions in just-in-time deliveries. Moreover, global economic fluctuations add to the instability of the laser marking equipment market, affecting both suppliers and manufacturers throughout the forecast period.
The fiber laser machines segment will contribute a major share of the market, due to its ease of use and efficiency in different industries. The fiber laser machines segment showed a gradual increase in market share with USD 1,476.94 million in 2017 and continued to grow by 2021. Fiber lasers contain an optical fiber as an active gain medium to transmit the laser light from the source to the target. A laser light/beam is generated and confined within an optical fiber core doped with ions such as praseodymium, neodymium, erbium, dysprosium, thulium, holmium, ytterbium and pumped by a diode laser. A fine spot creates high-quality codes and marks on the surface of the material. Fiber lasers can be used to print small parts or print different information in small areas. A variety of materials can be permanently marked, including metals, rubbers, plastics, and packaging films.
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Fiber laser machines use a series of diodes to generate fiber laser light. Fiber laser light is amplified through fiber optic cables similar to those used for data transmission. As this amplified light emerges from a fiber optic cable, it is directed (collimated) and focused onto the material to be marked. Fiber lasers produce more efficient light compared to CO2 lasers. Unlike traditional CO2 cavities and disk lasers, fiber lasers allow light to reach desired locations on the material without the use of expensive optical mirrors or other moving parts. Additionally, fiber laser machines are immune to back reflections that commonly occur when marking reflective materials such as copper, brass, and aluminum, which can damage the machine. Therefore, fiber lasers can easily engrave these materials. Overall, fiber laser machines offer longer maintenance intervals and lower maintenance costs than CO2 laser machines. Therefore, the advantages of fiber laser machines over other types of laser marking machines will spur the growth of this segment during the forecast period.
Based on the application, the machine tool segment holds the largest market share. Machine tool laser marking is a vital component of the broader laser marking equipment market, applied in manufacturing across aerospace, automotive, medical, and electronics industries. These machines provide precise marking on materials like metals, polymers, and ceramics, offering advantages over conventional methods such as stamping and engraving. They deliver top-notch, lasting markings that are both clear and non-damaging to surfaces. Increasing automation needs in manufacturing and the demand for high-quality, permanent markings on industrial components are expected to boost the adoption of machine tool laser marking machines in the foreseeable future.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is a hotspot for global medical device manufacturers due to technological advancements, aging populations, and increased healthcare spending. With billions of underserved individuals, particularly in China, India, Japan, and South Korea, the region offers significant growth potential. ASEAN countries like Malaysia, Indonesia, and Thailand are emerging as medical technology markets. Advanced manufacturing techniques in China, a thriving aerospace sector, and foreign investments are set to make APAC the dominant force in the global market by 2027. Indonesia and Malaysia's increased healthcare spending drives demand and investments in new manufacturing facilities. In Japan, declining machinery orders raise concerns about future investments. The APAC region hosts over 2,000 companies and 4,000 hubs in electronics, automotive, aerospace, and more, driven by digitalization, innovation, and an aging population's demands for advanced technologies.
The regional laser marking equipment market faced a downturn in 2020 due to the COVID-19 outbreak. Lockdowns imposed in response to the pandemic disrupted various industries like automotive, metal, and aerospace as manufacturing temporarily halted. This led to reduced demand for laser marking machines as industrial operations came to a standstill. However, in 2021, widespread vaccination campaigns in APAC countries allowed for the lifting of lockdowns, reigniting activity in these sectors and driving demand for laser marking equipment. As a result, the regional laser marking equipment market is poised for growth in the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amada.co.jp- The company offers laser marking machines such as flw ensis series, flw 1500mt, and ylw 400mt.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Alpha Laser US Inc., AMADA Co. Ltd., EMAG GmbH and Co. KG, Emerson Electric Co., Epilog Corp., FANUC Corp., II VI Inc., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laser Marking Technologies LLC, Laserline GmbH, Laserstar Technologies Corp., Morn Laser, Perfect Laser Co. Ltd., Precitec GmbH and Co. KG, Shenzhen HeroLaser Equipment Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Videojet Technologies
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The laser marking equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Laser Marking Equipment Market Report Attributes |
|
Report Attributes |
Details |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alpha Laser US Inc., AMADA Co. Ltd., EMAG GmbH and Co. KG, Emerson Electric Co., Epilog Corp., FANUC Corp., II VI Inc., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd, Laser Marking Technologies LLC, Laserline GmbH, Laserstar Technologies Corp., Morn Laser, Perfect Laser Co. Ltd., Precitec GmbH and Co. KG, Shenzhen HeroLaser Equipment Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Videojet Technologies |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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