ICT & Electronics Fiber Laser Marking Machine Market | Page 2

The global fiber laser marking machine market is segmented into application
such as aerospace, machine tool, electronics & microelectronics, medical,
packaging, military and others, out of which with 30% share in 2016, machine
tool segment accounted for the biggest market in the overall fiber laser marking
machine market. In addition to this, the growth of machine tool segment is
attributed to the growing demand for fiber laser marking machine for marking
various types of machines tools. Likely, rising adoption of advanced marking
technology by numerous industries is one the major factor plunging the market of
fiber laser marking machine.
Global fiber laser marking machine market is projected to showcase a remarkable
CAGR of 10.9% during the forecast period i.e. 2017-2024. Additionally, the laser
marking machine market is riding on the back various factors such robust growth
of industrial sector along with growing demand for advanced marking
technology. Moreover, the global laser marking machine market is anticipated to
account noteworthy revenue of USD 4.1 billion by 2024.
In terms of geography, with 36% share, Asia-Pacific region estimated for the
biggest market of fiber laser marking machine in 2016. Further, China and Japan
are the prominent countries in this region. In addition to this, swift expansion of
automotive industry in this region coupled with rising need for marking on the
different tools of the automotive machine is predicted to supplement the growth
of fiber laser marking machine market. Apart from this, Europe and North
America fiber laser marking machine market is growing at a considerable pace.
Further, the growth of fiber laser marking machine market in North America
region is attributed to the presence of major key vendors such as IPG Photonics
Corporation.
Wide Scale Application
Fiber laser marking machine is widely used by various sectors in order to provide
marking to their machine tools and equipments. Further, growing demand for
precise specifications on manufactured products coupled with increasing
application of fiber laser marking machine in plastic and automotive industry is
projected to upsurge the growth of fiber laser marking machine market during
the forecast period.
Request For Free Sample Pages: https://www.researchnester.com/sample-
request-523
Copyright © Research Nester
www.researchnester.com