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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.
The CO2 laser segment in the laser marking machine market is expected to witness over 11% CAGR through 2032 as they offer a non-contact marking method suitable for sensitive materials and can produce high-quality, permanent markings.
The laser marking machine market was valued at USD 3.65 billion in 2023 and is anticipated to grow at over 9.2% CAGR between 2024 and 2032 owing to the increased demand for product customization.
APAC laser marking machine market accounted for over 38% share in 2023 attributed to the increased product promotion & tracking, and the demand for high-quality products & precision solutions.
Trumpf GmbH + Co. KG, Coherent Inc, Keyence Corporation, Hans Laser Technology Industry Group Co., Ltd, and Videojet Technologies, Inc.