Laser Marking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Laser Marking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Laser Marking Market: Overview
Industrial and manufacturing sectors require reliable and highly advanced equipment for the process of production. One particular type of equipment that is quickly becoming absolutely necessary for many industries, is laser marking machines and systems. Laser marking machines provide accurate, faster, and permanent engraving and marking solutions for non-metal and metal units. Laser marking machines make use of numerous types of lasers for engraving, etching, and marking of various materials and products for a wide range of applications. Many industries use the machine to mark individual part numbers, barcodes, date codes, component labeling, and serial numbers. Besides, laser marking machines are gaining traction in the medical industry for stainless steel and titanium parts, though laser marking can be done on other materials too.
The global laser marking market has been divided on the basis of type, end-user, region. It is expected that the category of ‘fiber laser’ will rise at a robust CAGR during the forecast period. Machine tools end use segment is likely to contribute the most in terms of growth of the global laser marking market.
Global Laser Marking Market: Notable Developments
Leading market players have adopted new product launches, followed by acquisitions and mergers, as part of their main business strategy to reinforce their foothold in the global laser marking market. Some of prominent developments pertaining to the competitive landscape of this market are:
- Last year, Germany based TRUMPF Group made an investment of US$ 27.0 million in JFY, its Chinese subsidiary and Chinese division, TRUMPF China, in a bid to expand its production capability and capacity.
- In January last year, Jenoptik Corporation started its application center in the Silicon Valley, US, to increase its growth in the US.
- In April 2016, France-based The Gravotech Group introduced Gravostyle, the updated version of its engraving software. Gravostyle is a management software with application in mechanical engraving and laser machines. This software can be utilized for 3D engravings and is supported by the Laserstyle interface.
Some of the most prominent competitors operating in the competitive landscape of global laser marking market include –
- Jenoptik
- Gravotech
- Trumpf
- Epilog Laser
- Han’s Laser
- Mecco
Global Laser Marking Market: Growth Drivers
- New Product Developments to Trigger Market Growth
Laser marking machines are available in the market at various price ranges and this is likely to generate a positive influence on the purchasing pattern of consumers. In addition to that, development of products such as portable laser marking machine is expected to escalate the demand for global laser marking market over the period of forecast, 2018-2028.
Furthermore, the dearth of alternative technologies for laser marking machines is anticipated to give an impetus to the global laser marking machines market in the coming years. In addition to that, lucrative performance in various end-use industries, such as automotive industry, machine tools, and packaging is anticipated to make 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 divided into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. APAC is anticipated to hold the lion’s share of the global laser marking market during the forecast timeframe.
Japan, South Korea, India, and China are the main contributors to the growth of the Asia Pacific laser marking market. Asia Pacific has been quite ahead in terms of taking up laser marking solutions and products as compared to other geographies. Increased spending on research and development activities, growing manufacturing and electronics sectors, and huge base of population are projected to propel the laser marking market towards growth.
The global lLaser mMarking market is segmented as:
Type
- Fiber Laser
- Diode Laser
- Solid State Laser
- Yag Laser
- Neodymium Glass Laser
- Thin Disk Laser
- CO2 Laser
End-user
- Machine Tools
- Semiconductor & Electronics
- Automotive
- Medical & Healthcare
- Aerospace & Defense
- Packaging
- Others
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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