Laser Marking Machine Global Market Opportunities And Strategies To 2031

The global laser marking machine market reached a value of nearly $2,432.71 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.19% since 2016. The market is expected to grow from $2,432.71 million in 2021 to $3,427.89 million in 2026 at a rate of 7.10%. The market is then expected to grow at a CAGR of 6.44%from 2026 and reach $4,683.00 million in 2031.

Growth in the historic period resulted from the increasing adoption of laser marking across end-users, the use of lasers in additive manufacturing, higher penetration of electronic devices, rising automation in industries and rising adoption of laser technology. The market was restrained by emission of dangerous gases during melting process, high cost of deployment and the coronavirus pandemic.

Going forward, growing demand for material processing and increased investment in R&D is expected to drive the laser marking machine market. Factors that could hinder the growth of the laser marking machine market in the future include rising interest rates, regulatory challenges and shortage in electronic components supply.

The laser marking machine market is segmented by offering into hardware, software and services. The hardware market was the largest segment of the laser marking machine market segmented by offering, accounting for 60.53% of the total in 2021. Going forward, the hardware is expected to be the fastest growing segment in the laser marking machine market segmented by offering, at a CAGR of 7.33% during 2021-2026.

The laser marking machine market is segmented by type into fiber laser, CO2 laser, green laser, UV laser, YAG laser and other types. The fiber laser market was the largest segment of the laser marking machine market segmented by type, accounting for 37.83% of the total in 2021. Going forward, the UV laser segment is expected to be the fastest growing segment in the laser marking machine market segmented by type, at a CAGR of 7.40% during 2021-2026.

The laser marking machine market is segmented by application into machine tools, electronics and microelectronics, automotive, medical, aerospace, packaging, military and other applications. The machine tool market was the largest segment of the laser marking machine market segmented by application, accounting for 25.00% of the total in 2021. Going forward, the aerospace segment is expected to be the fastest growing segment in the laser marking machine market segmented by enterprise size, at a CAGR of 7.42% during 2021-2026.

Asia Pacific was the largest region in the laser marking machine market, accounting for 37.55% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the laser marking machine market will be Asia-Pacific, and North America where growth will be at CAGRs of 7.67% and 7.404% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 7.04% and 6.25% respectively.

The global laser marking machine market is consolidated with small number of large players dominating the market. The top ten competitors in the market made up to 49.80% of the total market in 2021. Han's Laser Technology Industry Group Co., Ltd was the largest competitor with 14.07% share of the market, followed by TRUMPF Group with 12.03%, IPG Photonics Corporation with 6.54%, Keyence Corporation with 5.62%, Coherent, Inc. with 3.67%, Videojet Technologies, Inc. with 3.25%, Trotec Laser GmbH with 1.55%, Universal Laser Systems Inc. with 1.15%, Epilog Laser with 0.96%, and Novanta Inc. with 0.96%.

The top opportunities in the laser marking machine market segmented by offering will arise in the hardware market segment, which will gain $634.54 million of global annual sales by 2026. The top opportunities in the laser marking machine market segmented by type will arise in the CO2 laser market segment, which will gain $251.19 million of global annual sales by 2026. The top opportunities in the laser marking machine market segmented by application will arise in the machine tool market segment, which will gain $255.93 million of global annual sales by 2026. The top opportunities in the laser marking machine market size will gain the most in the USA at $220.72 million.

Market-trend-based strategies for the laser marking machine market include focus on developing innovative laser marking goods, focus on merger and acquisition activity, focus on deploying artificial intelligence (AI) and machine learning (ML) applications, focus on investing in technological advancement focus on collaborations and partnerships.

Player-adopted strategies in the laser marking machine market include investing in smart manufacturing processes, strategic acquisitions and product launches to strengthen product offerings.

To take advantage of the opportunities, the publisher recommends the laser marking machine companies to focus on product innovations, integrate artificial intelligence and machine learning, focus on 3D printing, expand in emerging markets, focus on partnerships and collaborations, offer competitive pricing, continue to use B2B promotions, continue to participate in events and conferences and target fast-growing applications.

This report describes and explains the laser marking machine market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.