Semiconductors & Electronics Industry Laser Marking Machine Market Size 2024

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Laser Marking Machine Market Size, Share, Analysis, Growth,
Industry Trends and Forecast to 2024 - Hexa Research
" The global laser marking machine market size was
estimated at USD 2.21 billion in 2016 and is
expected to grow due to its increasing utilization
worldwide."
The global Laser Marking Machine Market size to reach USD 3.38 billion by 2024, driven by increasing adoption of
laser systems in various industries to provide permanent embossing solutions in industries such as automobile,
packaging and machine tools. The marking equipment industry witnessed notable change over the past two
decades, and the trend is expected to continue with an increasing demand for marking systems.
Laser marking has always been an important factor in industrial activities, especially in automobiles and machine
tools as they provide permanent alphanumerical details on the product in terms of brand name, batch number and
other details. This engraving helps in identification and security of the products.
Asia Pacific boasts of one of the largest machine tool industry which is expected to drive the market at a CAGR of
8.3% over the forecast period. The growth of the automobile, packaging, and electronics manufacturing in
emerging economies including China and India is expected to drive the regional market over the projected period.
Access Details of Report @ https://www.hexaresearch.com/research-report/laser-marking-machine-market
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