Laser Marking Market | What are the upcoming trends in the industry Laser Marking Market | Page 2

About our Report
• The overall laser marking market is expected to grow from USD 2.1
billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0% during the
forecast period. Increasing adoption of laser marking across end-user
verticals and enhanced performance of laser markers over traditional
material marking techniques are the key factors driving the growth of this
market.
• The laser marking market in RoW is expected to grow at the highest
CAGR during the forecast period. RoW comprises the Middle East &
Africa and South America, which have significant potential for the growth
of the laser marking market. The industrial manufacturing and aerospace
& defense sectors in the Middle East & Africa are witnessing significant
developments, which are expected to support the increasing demand for
laser marking. Increasing use of electric vehicles in the Middle East will
boost the automotive vertical, which, in turn, is expected to fillip the
demand for laser marking in this region. South America, which is in an
early stage of economic development compared to other regions studied
in this report, offers good growth opportunities for the laser marking
market.