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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.
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.