Global Laser Marking Market Expected to Record USD Revenue


New York, Feb. 09, 2022 (GLOBE NEWSWIRE) — According to World Bank statistics, the value added by the manufacturing sector worldwide in current US dollars has increased from $6.177 trillion in 2000 to $13.5 trillion in 2020. Moreover, according to United States statistics- United Nations Industrial Development Organization (UNIDO), manufacturing output in developing and emerging industrial economies recorded an annual increase of 6.7% in the third quarter of 2021, following growth of 30.8% in the previous quarter . In addition, Industrialized Economies (IEs) recorded a year-on-year growth rate of 6.1%, while the world’s largest manufacturer, China, recorded an annual growth of 4. 6%. In addition, the statistics also indicate that industrialized countries recorded annual production growth of 6.1% in the third quarter of 2021, following a rise of 19.4% in the previous quarter.

Kenneth Research recently added a report on “Global laser marking marketwhich is studied for the forecast period, i.e. 2021-2030. The report covers a detailed analysis of key players operating in the market along with an analysis of their product portfolio and competitive advantage analysis using advanced statistical tools, such as SWOT analysis and l analysis of Porter’s five forces. The market report, which is studied using primary as well as secondary research methods, further comprises key market dynamics applicable to the growth of the market in the coming years.

In recent years, industrial automation has gained considerable importance as it can help reduce the operating costs of industries. According to statistics from the International Federation of Robotics (IFR), robot installations in 2020 reached 383,545 units, which represents a growth of almost 0.5% compared to the previous year. Laser marking is mainly done to identify parts and products of an organization using 2D barcodes, alphanumeric serial numbers, VIN numbers and others. The laser marking process is ideal for industries that follow a continuous process line and often require many parts which, if left unidentified, can create havoc in the entire manufacturing process.

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The global laser marking market generated a revenue of USD 651.3 million in 2020 and is further expected to touch USD 1115.0 million by the end of 2030, growing with a CAGR of 5.6% in during the forecast period. The growth of the market can also be attributed to the growing adoption of automation by businesses. For example, almost 20% of companies with 1-50 employees recorded automation of most of their processes, while almost 44% of companies with 251 or more employees recorded automation of their processes.

The global laser marking market is segmented by region into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Among the market in these regions, the Asia-Pacific market generated the largest revenue of USD 270.3 million in 2020 and is further expected to reach USD 494.3 million by the end of 2030. The market in the region is further segmented by country. in Australia, Japan, Singapore, South Korea, China, India and the rest of Asia-Pacific. Among the market of these countries, the Chinese market generated the largest revenue of USD 125.6 million in 2020 and is further expected to generate USD 245.4 million by the end of 2030. Additionally, the market India is expected to generate the second-largest revenue of USD 62.8 million by the end of 2030, up from a revenue of USD 34.2 million in 2020.

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On the other hand, the market in Europe generated the second largest revenue of $194.0 million in 2020 and is further expected to show revenue of $327.0 million by the end of 2030. The market in the region is further segmented. by country in the UK, Germany, Italy, France, Spain, Russia, the Netherlands and the rest of Europe. Among these countries market, German market generated the largest revenue of USD 57.3 million in 2020 and is further expected to touch USD 104.2 million by the end of 2030. Additionally, the market in the UK is expected to generate the third largest revenue of $48.7 million by the end of 2030, up from a revenue of $28.4 million in 2020.

The study further incorporates YOY ​​growth, demand and supply and forecasts future opportunities in North America (US, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (UK, Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg]NORDIC [Norway, Denmark, Sweden, Finland]Poland, Russia, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia Pacific), Medium -East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman]North Africa, South Africa, Rest of the Middle East and Africa).

The global laser marking market is segmented by laser type into CO2 laser, diode laser, fiber laser and semiconductor laser. Among these segments, fiber lasers segment generated the largest revenue of $363.9 million in 2020 and is further expected to reach $672.0 million by the end of 2030. In Asia- Pacific, the segment generated the highest revenue of $150.3 million. in 2020 and is further expected to touch USD 296.5 million by the end of 2030. Meanwhile, in Europe, the segment is expected to generate the largest revenue of USD 196.2 million by the end of 2030, against a turnover of 107.9 USD. million in 2020.

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The global laser marking market is further segmented by application into deep laser engraving, laser ablation/surface removal, laser etching, laser annealing, etc. Among these segments, Laser Ablation/Surface Removal segment generated the largest revenue of USD 179.8 million in 2020 and is further expected to reach USD 315.8 million by the end of 2030. In Asia- Pacific, the segment is expected to generate the largest revenue of $141.0 million by the end of 2030, compared to revenue of $75.2 million in 2020. Additionally, in America North, the segment generated the highest revenue of $35.4 million in 2020 and is further expected to reach $58.6 million by the end of 2030.

The global laser marking market is also segmented on the basis of type, supply and end-user industry.

Global Laser Marking Market Segmentation by Type

  • 2D laser marking
  • 3D laser marking

Global laser marking market, segmentation by offer

Global laser marking market, segmentation by end-user industry

  • machine tools
  • Semiconductor and electronics
  • Automotive
  • Medical & Health
  • Aerospace and Defense
  • Packaging
  • Others

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Some of the key industry leaders in the global laser marking market that are included in our report are Coherent, Inc., Han’s Laser Technology Industry Group Co., Ltd., TRUMPF Group, KEYENCE CORPORATION, Gravotech, Inc., JENOPTIK AG, Epilog Corporation, 600 Group PLC, Mecco, LaserStar Technologies Corporation, Telesis Technologies, Inc., IPG Photonics Corporation and others.

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