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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report