Laser Marking Machine Market Size - By Type (Fiber Laser, Green Laser, UV Laser, CO2 Laser, MOPA Laser, Diode-pumped Laser, Nd:YAG Laser), By Application (Ablation, Annealing, Carbonizing, Foaming, Engraving), By Machine Type, Product Type, End Use & Forecast, 2024-2032

Laser Marking Machine Market Size

Laser Marking Machine Market was valued at USD 3.65 billion in 2023 and is anticipated to grow at a CAGR of over 9.2% from 2024 to 2032. Continuous advancements in laser technology have increased the efficiency & effectiveness of laser engraving machines. Increased laser power, improved beam quality, higher speed, and enhanced control systems expand the range of these devices, driving the use of laser marking machines across various industries.
 

Laser marking machines utilize laser technology to create permanent marks, designs, or engravings on various materials. They offer precise, efficient, and high-quality marking solutions for a wide range of industries. Different types of lasers are used in laser therapy such as fiber lasers, CO2 lasers, and Nd:YAG lasers. The choice of laser depends on the material to be marked and the desired properties. For instance, fiber lasers are often used for metal marking owing to their beam quality and reliability.
 

The high initial investment may pose a barrier to small businesses or startups with limited budgets. Laser technology demands substantial capital investment, not only for purchasing the equipment itself but also for installation, training, and maintenance. This financial barrier can deter smaller businesses or startups from entering the market, limiting its overall expansion and innovation potential.
 

Market complexity for laser marking machines is increased by strict safety and regulatory compliance requirements. Because laser technology involves intense light beams that can be harmful if not controlled, regulatory organizations enforce stringent regulations to protect workers and prevent environmental risks. Manufacturers may have to invest time and money in time-consuming and costly testing, paperwork, and protocol adherence in order to comply with these regulations. In addition to running the danger of legal repercussions, breaking these rules damages a company's reputation by eroding customer confidence and credibility in the marketplace.
 

Laser Marking Machine Market Trends

Laser marking machines are finding applications in emerging industries such as additive manufacturing (3D printing) and flexible electronics. These industries require precise marking solutions for labeling, part identification, and quality control, which are provided by laser marking machines. Additive manufacturing processes, such as 3D printing, often involve custom manufacturing. Laser marking machines offer precise & durable solutions for labeling and part identification. This includes placing important information, such as part numbers, barcodes, barcodes, and QR codes, directly on the 3D-printed product. The versatility, precision, speed, and customization capabilities of laser marking machines make them well-suited for these emerging sectors, fueling their adoption.

Laser Marking Machine Market Analysis

Based on type, the laser marking machine market is segmented into fiber laser, green laser, UV laser, CO2 laser, MOPA laser, diode-pumped lasers, and Nd:YAG lasers. The CO2 laser segment is expected to grow at a CAGR of over 11% through 2032.
 

• CO2 laser marking machines are known for their versatility in marking various materials, including wood, glass, acrylic, rubber, paper, leather, and some plastics. They offer a non-contact marking method suitable for sensitive materials and can produce high-quality, permanent markings.
   
• CO2 laser marking machines have found extensive use in industrial applications, such as marking packaging materials, labels, serial numbers, barcodes, and decorative patterns. They are also commonly used for marking on non-metallic parts in automotive, electronics, and consumer goods industries. While CO2 lasers have been widely used, there has been a gradual shift towards fiber and solid-state lasers in certain applications. Fiber lasers offer advantages such as higher marking speeds, greater energy efficiency, and the ability to mark on a wider range of materials, including metals.
   

Based on end use, the market is segmented into automotive, electronics & semiconductor, defense & aerospace, machine tool, healthcare, packaging & labeling. The machine tool segment held a share of around 26% in 2023.
 

• The machine tool segment within the laser marking machine market focuses on the application of laser technology in the machine tool industry. Machine tools are devices used to shape, cut, drill, and fabricate materials, typically metals, into various components and parts.
   
• Laser marking machines in the machine tool segment offer advanced marking capabilities to enhance the functionality, identification, and traceability of machine tool components. Laser marking on the machine is durable and resistant to abrasion, chemicals, and the environment. This ensures a long life for easily identifiable and legible characters, even in harsh business environments.
   

Asia Pacific region dominated 38% share of the laser marking machine market in 2023, due to the increased product promotion & tracking, and demand for high-quality products & precision solutions. Domestic manufacturers and international distributors are entering this growing industry to meet the needs of the regional market. China is a major player in the Asia Pacific market. The country has a strong manufacturing base and is home to many industries such as electronics, automobiles & aerospace.
 

The demand for laser marking machines in China is driven by the need for product identification, traceability, and customization. Many kinds of laser engraving machines are available in the Chinese market including domestic machines and those imported from international companies. Asia Pacific is expected to grow considerably during the forecast period owing to technological advancements, especially in Japan and China.
 

In China, the laser marking machine market is witnessing a surge in demand driven by rapid industrialization and technological advancements. Chinese manufacturers are increasingly investing in research and development to enhance the performance and capabilities of laser marking machines, catering to diverse sectors such as electronics, automotive, and medical devices.
 

South Korea is at the forefront of innovation in laser marking technology, leveraging its strong semiconductor and electronics industry to drive advancements in precision engineering. Korean companies are developing cutting-edge laser marking solutions tailored to the specific requirements of high-tech manufacturing, including ultrafast lasers for microprocessing and advanced materials.
 

In Japan, the laser marking machine industry is characterized by a focus on high-precision manufacturing and quality control. Japanese manufacturers are renowned for their commitment to excellence and reliability, reflected in the development of advanced laser marking systems with superior accuracy and consistency.
 

Laser Marking Machine Market Share

Trumpf GmbH + Co. KG, Coherent Inc. hold a significant market share of over 28% in the laser marking machine. Some of the major players operating in the laser marking machine industry are Coherent Inc., Danaher Corporation, Epilog Laser, LLC, Gravotech Marking SAS, Han's Laser Technology Industry Group Co., Ltd., Huagong Tech Co., Ltd., IPG Photonics Corporation, Keyence Corporation, LaserStar Technologies Corporation, MECCO, LLC, Novanta Inc., Sea Force Co., Ltd., Telesis Technologies, Inc., The 600 Group PLC, Trumpf GmbH + Co. KG, Trotec Laser GmbH, TYKMA Electrox, Inc., and Videojet Technologies, Inc. These players focus on strategic partnerships and new product launches & commercialization for market expansion. Furthermore, they heavily invest in research to introduce innovative services and garner maximum revenue in the market.
 

Laser Marking Machine Market Companies

• Trumpf GmbH + Co. KG
• Coherent Inc
• Keyence Corporation
• Han's Laser Technology Industry Group Co., Ltd
• Videojet Technologies, Inc.
   

Laser Marking Machine Industry News

• In February 2024, Longer Company, a leading innovator in laser engraving technology, is proud to announce the launch of its latest product, Longer Nano. This cutting-edge device is set to revolutionize the world of engraving with its advanced features and affordable price point. It is equipped with a powerful laser that can engrave on a variety of materials, including wood, metal, plastic, and more. With its compact size and user-friendly interface.
   

This laser marking machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Type

• Fiber Laser
• Green Laser
• UV Laser
• CO2 Laser
• MOPA Laser
• Diode-pumped Laser
• Nd:YAG Laser
• Others

Market, By Machine Type

• 2D
• 3D

Market, By Product Type

• Fixed
• Portable

Market, By Material

• Metal
• Glass
• Plastics
• Ceramics
• Others

Market, By Application

• Ablation
• Annealing
• Carbonizing
• Foaming
• Engraving
• Others

Market, By End Use

• Automotive
• Electronics & semiconductor
• Defense & aerospace
• Machine tool
• Healthcare
• Packaging & labeling
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa