About Laser Marking Equipment
Laser marking process refers to the marking and labeling of various workpieces and materials using a laser beam. Laser marking can be divided into various processes, including annealing, staining, foaming, removing, and engraving. The laser marking equipment market has been segmented based on the type of product: fiber laser marking equipment, CO₂ laser marking equipment, and solid-state laser marking equipment. The market is dominated by fiber laser marking equipment due to its operational accuracy over other types of laser marking equipment.
Technavio’s analysts forecast the global laser marking equipment market to grow at a CAGR of 4.93% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global laser marking equipment market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laser Marking Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global laser marking equipment market: Coherent, IPG Photonics, and TRUMPF.
Other Prominent Vendors in the market are: Beamer Laser Marking Systems, Beijing Kaitian Tech, COUTH, Epilog Laser, eurolaser, FOBA, Gravotech Marking, Hans YueMing Laser, Han's Laser Technology Industry Group, KEYENCE CORPORATION, LaserStar Technologies, MECCO, Photoscribe Technologies, RMI Laser, Senfeng CNC & Laser Technology, Telesis Technologies, Trotec Laser, TYKMA Electrox, Universal Laser Systems, Videojet Technologies, Vytek Laser Systems, and Wuhan HGLaser Engineering.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing number of M&A. The global laser marking equipment market is highly fragmented due to the presence of many local and international vendors, all engaged in intense competition with each other. Therefore, the major players in the market are resorting to acquisitions as a strategy to increase their market shares.”
According to the report, one driver in the market is rise in automation. Companies are shifting to automation to meet the desired high standards for quality, which is one of the results of globalization and increasing population. Investments in the process automation market in the US are increasing and are projected to reach $30 billion by 2021, indicating a growth rate of approximately 5%. This growth will primarily be witnessed in sectors such as software, hardware, services, technology, and the communication protocol used in automation.
Further, the report states that one challenge in the market is growing need for after-sales services. The importance that laser technology is gaining in manufacturing and other industrial processes is attributed to its productivity and efficiency. However, to ensure that their efficiency and productivity is not compromised, laser machines need continuous maintenance and servicing, which is inhibiting the adoption of these machines among end-users. Even a machine downtime of a few hours can result in heavy losses for businesses. However, vendors often cannot provide such rigorous maintenance and support, leading to customer dissatisfaction.
Coherent, IPG Photonics, TRUMPF, Beamer Laser Marking Systems, Beijing Kaitian Tech, COUTH, Epilog Laser, eurolaser, FOBA, Gravotech Marking, Hans YueMing Laser, Han's Laser Technology Industry Group, KEYENCE CORPORATION, LaserStar Technologies, MECCO, Photoscribe Technologies, RMI Laser, Senfeng CNC & Laser Technology, Telesis Technologies, Trotec Laser, TYKMA Electrox, Universal Laser Systems, Videojet Technologies, Vytek Laser Systems, and Wuhan HGLaser Engineering.
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