The Global Laser Marking Market is segmented further based on Offering Type, Laser Type, End-User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Laser Marking Market is estimated to be USD 2.23 Bn in 2021 and is expected to reach USD 3.14 Bn by 2026, growing at a CAGR of 7.1%
Market Dynamics
The key factors driving the Global Laser Marking Market are the growing adoption of laser marking systems by various industries such as automotive, aerospace and defense, packaging, construction, medical, machine tools, and others driving the market's growth. Additionally, the advantages of laser marking techniques over traditional material ones are fuelling the development of the market. On the other hand, the high cost associated with system deployment restricts the market and hampers growth.
Furthermore, growing automation across healthcare, electronics and semiconductor, military, semiconductor, and research verticals. The increasing demand for custom engraving and marking solutions. These Laser marking techniques are more durable and convenient to read and scan; these factors will create potential opportunities for the market to grow in the forecasted period. Moreover, uncertain regulatory compliance is the challenge that may negatively affect the market’s growth shortly.
Market Segmentation
The Global Laser Marking Market is segmented further based on Offering Type, Laser Type, End-User, and Geography.
By Offering Type, the market is classified into Hardware, Software, and Services.
By Laser Type, the market is classified into CO2 Laser, Diode Laser, Fibre Laser, Green Laser, Solid State Laser, UV Laser, and YAG Laser.
By End-User, the market is classified into Automotive, Aerospace & Defence, Electronics & Semiconductor, Machine Tools, Medical & Healthcare, Packaging, and Others.
By Geography, Asia Pacific is projected to lead the market.
Recent Developments
1. Novanta, Inc acquired Schneider Electric Motion USA, Inc and ATI Industrial Automation, Inc, which helped them to expand their position in high growth markets- August 31, 2021
2. II-VI Incorporated partnered with World Economic Forum as a member of the advanced manufacturing & production platform, which helped them to learn from a powerful group of companies-August 8, 2021
3. MECCO acquired FARO Photonics to supply the new innovative, high-quality products and laser solutions-May 04, 2021
Company Profiles
Some of the companies covered in this report are 600 Group PLC, II-VI Incorporated, Epilog Corporation, Gravotech Engineering PVT Ltd, Han’s Laser Technology Industry Group Co Ltd, Jenoptik AG, LaserStar Technologies Corporation, MECCO, Novanta, Inc, and TRUMPF Group, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Laser Marking Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
Report Highlights:
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
Companies Mentioned
600 Group PLC
II-VI Incorporated
ACSYS Lasertechnik GmbH
Agile Machinery Pvt Ltd
AMADA WELD TECH
Arihant Maxsell Technologies Private Limited
Danaher Corporation
Epilog Corporation
Good Credit Corporation (GCC)
Gravotech Engineering PVT Ltd
Guangdong Zhengye Technology Co Ltd
Han’s Laser Technology Industry Group Co Ltd
IPG Photonics Corporation
Jenoptik AG
Jinan Style Machinery Co Ltd
LaserStar Technologies Corporation
Lasea
Laserite Ltd
LightMachinery, Inc
LNA Laser Technology
MECCO
Panasonic Corporation
Novanta, Inc
RMI Laser, LLC
Sea Force Co Ltd
Sintec Optronics Pte Ltd
Telesis Technologies, Inc
Trotec Laser GmbH
TRUMPF Group
Universal Laser Systems, Inc
Vytek Laser Systems
Wuhan HGLaser Engineering Co Ltd
Zhejiang Jiatai Laser Science and Technology Co Ltd
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size and Segmentation
- 3.3 Market Outlook
- 4 Market Influencers
- 4.1 Drivers
- 4.1.1 Growing Adoption of Laser Marking by Various Industries
- 4.1.2 Benefits Offered by Laser Marking Over Traditional Marking Techniques
- 4.2 Restraints
- 4.2.1 High Cost Associated with System Deployment
- 4.3 Opportunities
- 4.3.1 Growing Automation across Manufacturing Sector
- 4.3.2 Increasing Demand in Custom Engraving and Marking Solutions
- 4.4 Challenges
- 4.4.1 Uncertain Regulatory Compliance
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Laser Marking Market, By Offering Type
- 6.1 Introduction
- 6.2 Hardware
- 6.3 Software
- 6.4 Services
- 7 Global Laser Marking Market, By Laser Type
- 7.1 Introduction
- 7.2 CO2 Laser
- 7.3 Diode Laser
- 7.4 Fibre Laser
- 7.5 Green Laser
- 7.6 Solid-State Laser
- 7.7 UV Laser
- 7.8 YAG Laser
- 8 Global Laser Marking Market, By End-User Type
- 8.1 Introduction
- 8.2 Automotive
- 8.3 Aerospace & Defence
- 8.4 Electronics & Semiconductor
- 8.5 Machine Tools
- 8.6 Medical & Healthcare
- 8.7 Packaging
- 8.8 Others
- 8.8.1 Apparel & Clothing
- 8.8.2 Architecture & Designing
- 9 Global Laser Marking Market, By Geography
- 9.1 Introduction
- 9.2 America
- 9.2.1 Argentina
- 9.2.2 Brazil
- 9.2.3 Canada
- 9.2.4 Chile
- 9.2.5 Colombia
- 9.2.6 Mexico
- 9.2.7 Peru
- 9.2.8 United States
- 9.2.9 Rest of Americas
- 9.3 Europe
- 9.3.1 Austria
- 9.3.2 Belgium
- 9.3.3 Denmark
- 9.3.4 Finland
- 9.3.5 France
- 9.3.6 Germany
- 9.3.7 Italy
- 9.3.8 Netherlands
- 9.3.9 Norway
- 9.3.10 Poland
- 9.3.11 Russia
- 9.3.12 Spain
- 9.3.13 Sweden
- 9.3.14 Switzerland
- 9.3.15 United Kingdom
- 9.3.16 Rest of Europe
- 9.4 Middle East and Africa
- 9.4.1 Egypt
- 9.4.2 Israel
- 9.4.3 Qatar
- 9.4.4 Saudi Arabia
- 9.4.5 South Africa
- 9.4.6 United Arab Emirates
- 9.4.7 Rest of MEA
- 9.5 Asia-Pacific
- 9.5.1 Australia
- 9.5.2 Bangladesh
- 9.5.3 China
- 9.5.4 India
- 9.5.5 Indonesia
- 9.5.6 Japan
- 9.5.7 Malaysia
- 9.5.8 Philippines
- 9.5.9 Singapore
- 9.5.10 South Korea
- 9.5.11 Sri Lanka
- 9.5.12 Thailand
- 9.5.13 Taiwan
- 9.5.14 Rest of Asia
- 10 Competitive Landscape
- 10.1 IGR Competitive Quadrant
- 10.2 Market Share Analysis
- 10.3 Strategic Initiatives
- 10.3.1 M&A and Investments
- 10.3.2 Partnerships and Collaborations
- 10.3.3 Product Developments and Improvements
- 11 Company Profiles
- 11.1 600 Group PLC
- 11.2 II-VI Incorporated
- 11.3 ACSYS Lasertechnik GmbH
- 11.4 Agile Machinery Pvt Ltd
- 11.5 AMADA WELD TECH
- 11.6 Arihant Maxsell Technologies Private Limited
- 11.7 Danaher Corporation
- 11.8 Epilog Corporation
- 11.9 Good Credit Corporation (GCC)
- 11.10 Gravotech Engineering PVT Ltd
- 11.11 Guangdong Zhengye Technology Co Ltd
- 11.12 Han’s Laser Technology Industry Group Co Ltd
- 11.13 IPG Photonics Corporation
- 11.14 Jenoptik AG
- 11.15 Jinan Style Machinery Co Ltd
- 11.16 LaserStar Technologies Corporation
- 11.17 Lasea
- 11.18 Laserite Ltd
- 11.19 LightMachinery, Inc
- 11.20 LNA Laser Technology
- 11.21 MECCO
- 11.22 Panasonic Corporation
- 11.23 Novanta, Inc
- 11.24 RMI Laser, LLC
- 11.25 Sea Force Co Ltd
- 11.26 Sintec Optronics Pte Ltd
- 11.27 Telesis Technologies, Inc
- 11.28 Trotec Laser GmbH
- 11.29 TRUMPF Group
- 11.30 Universal Laser Systems, Inc
- 11.31 Vytek Laser Systems
- 11.32 Wuhan HGLaser Engineering Co Ltd
- 11.33 Zhejiang Jiatai Laser Science and Technology Co Ltd
- 12 Appendix
- 12.1 Questionnaire
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook