Your Catalyst To a Lucrative Business
New areas of applications such as personalized gifts are expected to boost the market growth. Furthermore,
increasing demand for customized jewelry and leather products are expected to fuel the market for laser marking
machines over the forecast period.
Fiber laser marking machine is expected to grow at a 6.6% CAGR owing to its increasing application in the plastic
and automotive industry. Moreover, it is used for both commercial as well as industrial purposes.
In 2016, machine tool industry accounted for 30.7% of the overall market and is expected to witness above average
growth. Rising need for marking precise specifications on manufactured components for identification and sales
purpose is projected to fuel the growth of the industry.
Government regulations for permanent marking as traceability are being implemented. For instance, U.S.
Department of Defense has MIL-STD-130 standard practice for identification marking of U.S. military property.
Moreover, FDA has implemented regulations to establish marking of unique device identification system for
medical devices, where labelling is not sufficient.
Han’s Laser, Gravotech Marking and Epilog Laser were the leading manufacturers in the global industry. In addition
to the core machinery, these companies provide software solutions for using the marking machines which make
them user-friendly. Increasing trend of the branding of products is expected to boost the market for laser marking
machines.
Hexa Research has segmented the global laser marking machine market based on product type, application and
region:
Segmentation by Product Type, 2014 - 2024 (USD Million)
• CO2 Laser
• Fibre Laser
• Green Laser
• UV Laser
• YAG Laser
Segmentation by Application, 2014 - 2024 (USD Million)
• Automotive
• Aerospace
• Machine Tool
• Electronics & Microelectronics
• Medical
• Packaging
• Military
• Others
Segmentation by Region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
Follow Us: