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According to IMARC Group’s latest report, titled “Laser Marking Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global laser marking machine market is expected to exhibit a CAGR of 7.6% during 2022-2027. Laser marking is a procedure that uses a beam of concentrated light to create a lasting mark on a material or surface. The technique employs focused laser beams, continuous waves, green, fiber, pulsed, or ultraviolet (UV) laser machines to create easy-to-read and damage-free marks. They target a specific area that enables the machine to develop high-quality, precise, and high-contrast marks. Laser marking involves a wide variety of applications, including carbon migration, etching, engraving, annealing, and discoloration. The markings include text for serial numbers, unique identification codes, machine-readable data for barcodes, and matrix codes and graphics. They are commonly engraved on surfaces such as copper, ceramic, plastic, steel, titanium, aluminum, wood, glass, and paper. Paper Insulation
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Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
The increasing application of laser marking in the automotive, machine tools, packaging, medical, aerospace, and construction sectors is one of the key factors primarily bolstering the laser marking machine market growth. This is further supported by the growing demand for personalized products, such as leather purses, jewelry, and handbags. In line with this, rapid industrialization and inflating consumer per capita income are other growth-inducing factors. Apart from this, key market players are introducing new product variants, such as green laser marking machines, that facilitate high-speed markings on capacitors, electrical components, microchips, and circuit boards to increase their consumer base, which is accelerating the market growth. Moreover, the rising automation in the manufacturing sector and rapid technological advancements are creating a positive outlook for the market.
Laser Marking Machine Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the laser marking machine market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global laser marking machine market based on type, application and region.
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Key Highlights of the Report:
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