The laser marking equipment market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development activities. In addition, demand for laser engravers or machines from aerospace, clothing, electronics, and healthcare industry is on the rise, and is continued to perform well over the forecast period as well.
Several manufactures have successfully developed new policies for tackling the challenges including incremental cost, lack of expertise to operate these machines and technology gap. Some fundamental reasons behind the widespread demand for laser engravers and machines include high precision, portability and flexibility. Automation and modernization of industrial processes and shifting focus to achieve higher productivity are expected to fuel the laser marking equipment market growth during the forthcoming years.
Competitive prices, innovative technologies and high-end components are further fostering market demand for high-end marking machines. For instance, Gravotech Engineering Ltd., have successfully launched Integrable CO2 machines, GREEN engravers and FIBRE machines, which are used for various industrial applications. These product offer advantages such as internal traceability, product identification and aesthetic engraving with customization. Increasing awareness among end-use industries about benefits associated with early adoption of industrial marking machines are predicted to expand market reach in the upcoming years.
The laser marking equipment market has found its foot falls in healthcare sector with development of ultra-fast printers and engravers. To put this in prospective, on January 22, 2019, Foster Corporation has released statement stating, they have launched LazerMed™ laser marking technology that provides high resolution, longer durability and superior printing capability for plastic materials used in medical devices. Trademarked LazerMed laser marking technology is a hustle-free process that offer ultra-fast printing with eco-friendly solvents.
The major players associated with the laser marking equipment market include Coherent, Inc., IPG Photonics Co., TRUMPF GmbH Co., KG, Gravotech Engineering Pvt., Ltd., Beamer Laser Marking Systems Corp., Beijing Kaitian Tech Co., Ltd., COUTH S.L.U., Epilog Laser Corp., Hans YueMing Laser Co., and Han's Laser Technology Co., Ltd.
Leading players of Laser Marking Equipment including:
• IPG Photonics
• Beamer Laser Marking Systems
• Beijing Kaitian Tech
• Epilog Laser
• Gravotech Marking
• Hans YueMing Laser
• TYKMA Electrox
• KEYENCE CORPORATION
• LaserStar Technologies
Market split by Type, can be divided into:
• Fiber Laser Marking Equipment
• CO2 Laser Marking Equipment
• Solid-State Laser Marking Equipment
Market split by Application, can be divided into:
• Clothing Industry
• Pharmaceutical Packaging
• Electronics Industry
• Building Materials
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA