Global Laser Marking Market, By Laser Type (Fiber Laser, Diode Laser, Solid State Laser, CO2 Laser), Offering (Hardware, Software, Services), End- User (Machine Tools, Semiconductor & Electronics, Automotive, Medical & Healthcare, Aerospace & Defence, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Laser Marking Market
The laser marking market is expected to witness market growth at a rate of 6.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on laser marking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of laser marking market.
Laser marking or laser engraving refers to a process which uses laser light so they can mark material utilizing a fine spot diameter ranging from 0.002 to 0.01. Laser marking machines for metals and non-metal units provide quicker and precise marking, and engraving alternatives. Laser marking device utilize a variety of lasers to mark, engrave and etch numerous products and equipment for a variety of application.
The increase in automation in the manufacturing sector, across the globe acts as one of the major factors driving the growth of laser marking market. The use of marking machines across various industries, such as electronics & semiconductor, aerospace, packaging and construction, automotive, medical, machine tools, for engraving on materials and premium-quality custom marking, and rise in preference of laser markings as they are more durable and convenient to read and scan accelerate the market growth. The enhanced performance of laser markers over traditional material marking techniques, and growing need for unique device identification and deep engraving during the manufacturing process for the objective of traceability, production flow control, and inventory control further influence the market. Additionally, rise in awareness, price volatility, urbanization and digitization and continuous exposure to heat and harsh chemicals positively affect the laser marking market. Furthermore, increase in automation across the manufacturing sector extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high deployment cost is expected to obstruct the market growth. Regulatory compliance is projected to challenge the laser marking market in the forecast period of 2021-2028.
This laser marking market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info laser marking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laser Marking Market Scope and Market Size
The laser marking market is segmented on the basis of laser type, offering, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of laser type, the laser marking market is segmented into fiber laser, diode laser, solid state laser and co2 laser.
- On the basis of offering, the laser marking market is segmented into hardware, software and services.
- On the basis of end- user, the laser marking market is segmented into machine tools, semiconductor & electronics, automotive, medical & healthcare, aerospace & defence, packaging, and others.
Laser Marking Market Country Level Analysis
The laser marking market is analyzed and market size, volume information is provided by country, laser type, offering, and end-user as referenced above.
The countries covered in the laser marking market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominate s the laser marking market due to the adoption of enhanced manufacturing techniques in the Chinese machine tools industry and the flourishing aerospace and military industry within the region. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growth in the aerospace and shipping industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laser Marking Market Share Analysis
The laser marking market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laser marking market.
The major players covered in the laser marking market report are IPG Photonics Corporation, ACSYS Lasertechnik GmbH, Panasonic Electric Works Europe AG, Danaher., MAXSELL CURRENCY MACHINES, Videojet Technologies, Inc., LNA Laser Technology, A Tyden Group Company, Trotec Laser GmbH, Rofin-Sinar Laser GmbH, FOBA, Wuhan HGLaser Engineering Co,.Ltd, Lasea, TYKMA Electrox, Inc., Jinan Style Machinery Co.,Ltd, RMI Laser, Arihant Maxsell Technologies Private Limited., Agile Machineries Pvt. Ltd., Sintec Optronics Pte Ltd., and Laserite Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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