Laser Engraving Machine Market on the Rise Use of Laser Technology for Quality Control in Various Verticals Benefits Opportunity to Reach $ 6.6 billion by 2029, predicts Exactitude Consultancy

Applying a laser beam to the surface of a material to complete processing is known as laser processing. It is a technique used for laser irradiation, laser cutting, surface modification, laser engraving, laser drilling and micro-processing

Luton, Bedfordshire, UK, Sept. 23, 2022 (GLOBE NEWSWIRE) – Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and released the final copy of the detailed laser engraving machine market research report.

From 2022 to 2029, the laser engraving machine market is expected to expand at a CAGR of 4.61%. By 2029, it is expected to exceed $ 3.6 billion.

On a variety of surface types, laser engraving machines are used to engrave or create permanent markings. Numerous industries are promoting the use of laser marking machines because they are faster and more reliable than other marking techniques, such as dot peen marking machines. International demand for laser marking equipment was also impacted by Industry 4.0. The main factor fueling the expansion of the laser engraving machine market is the growing need for automation, high speed and precision from a wide range of industries, including the food and beverage, automotive and packaging industries.

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Below are some of the ways that laser engraving machines are primarily used by a variety of industries: CO2 lasers are used to engrave alphanumeric codes such as part labels, part numbers, lot numbers, and brands. Barcode labeling and marking is done using Nd: YAG lasers. The engraving of micro-materials on semiconductors, electric chips, motherboards, etc. is performed with the help of diode engraving lasers. In addition, a laser engraving machine allows for permanent product customization. One of the appropriate solutions for industrial sectors such as machine tools and automobiles for product identification and safety includes brand name, logo, lot number, among others.

Recent developments

  • In May 2022, the fully safe Class 1 laser station, Gravotech’s LW2, was launched. This laser station is the most effective and safe option available due to its 100% industrial construction and simple and compact design. Thanks to its touch screen, easily checking marking and using functions without a computer couldn’t be simpler.

  • In May 2022, Sintech Optronics 1940 nm series CW and QCW fiber lasers produce CW power up to 100W and QCW pulsed power up to 625W from a small air-cooled 48V DC module. For the most demanding applications, these highly reliable and energy efficient lasers deliver up to 7J of energy at a wavelength of 1940nm.

Highlights of the Laser Engraving Machines Market Report

Segments

Sub-segments

By product

  • CO2 laser engraving machine

  • Fiber laser engraving machine

  • Diode laser engraving machine

  • Nd: YAG laser engraving machine

For end user

  • Advertising decoration

  • Printing and packaging

  • Leather and clothing

  • Model making

  • Arts and Crafts

  • Other

By Region

  • North America (United States, Canada, Mexico)

  • Europe (France, Germany, Italy, United Kingdom, Rest of Europe)

  • Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)

  • LAMEA (UAE, Argentina, Rest of LAMEA)

Main market players

Universal Laser Systems, Inc., Gravotech, Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, GCC, Wisely Laser Machinery Limited, Epilog Laser, Sintec Optronics Pte Ltd, Kern Laser Systems, Vytek Laser Systems


Market Players Laser Engraving Machine

These key players include Han’s Laser Technology Industry Group Co. Ltd, Telesis Technologies Inc., Videojet Technologies Inc., Trotec Laser Rotec Laser, TYKMA Electrox Inc., MECCO, LaserStar Technologies Corporation, Gravotech Marking, Sea Force Co. Ltd. and other.

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Main market segments: laser engraving machine market

Laser Engraving Machine Market by Type, 2022-2029

  • Co2 laser

  • Fiber laser

  • Green laser

  • UV laser

  • YAG Laser

Laser Engraving Machine Market By Application, 2022-2029

Asia Pacific holds the largest CAGR over the forecast period.

In 2020, Asia Pacific held the largest market share of more than 40% and is expected to continue to dominate the market for as long as it is expected. Due to the increasing use of laser marking equipment in the manufacturing industries of the region, China and India have made the largest contribution to the growth of the regional laser engraving machine market. The adoption of contemporary manufacturing techniques in the Chinese machine tool industry as well as the developing aerospace and military industries in the area are driving the expansion of the laser engraving machine market. Additional factors contributing to its enduring dominance include an increase in foreign investment and the relocation of manufacturing facilities of many companies to nations such as China and India. For example, the Make in India and Belt and Road Initiative (BRI) projects are attracting funding for infrastructure development.

Increasing need for unique device identification and deep engraving

The market demand for laser engraving machines is expected to be driven by the growing demand for distinctive device identification and deep engraving during the manufacturing process for the purposes of traceability, internal control, production flow management and quality validation. of the product. These marks, especially those created using fiber laser equipment, take less time to complete and do not fade even after repeated exposure to heat and strong chemicals. As a result, the growing demand for these machines in the defense and electronics sectors is expected to support market expansion throughout the forecast period.

Growing number of strict government regulations and guidelines

Demand in the global laser engraving machine market is also expected to be stimulated by the growing number of stringent government regulations and recommendations for the labeling of medical and surgical equipment to increase traceability. On the other hand, there has been a notable increase in demand for leather goods that can be personalized with monogrammed initials or names, such as leather jewelry, purses and handbags. Therefore, it is expected that throughout the projection period, demand from these industries would fuel the expansion of engraving technologies such as laser marking systems. However, the high cost of laser engraving equipment discourages its use in small and medium-sized businesses, which could hinder market expansion.

Key market insights from the report:

  • Due to its features including longer life, higher accuracy and suitability for engraving on hard surfaces such as metals, the fiber laser engraving machine industry is expected to expand at maximum CAGR depending on the product during the screening period.

  • Regionally, the Asia-Pacific region held the majority of the market share and is expected to grow throughout the projection period. This is attributable to the region’s thriving aerospace and defense industries, as well as the adoption of advanced manufacturing processes in China’s machine tool industry.

Key Features of Laser Engraving Machine Market Report:

  • Save and reduce time by doing entry level research by identifying the growth, size, major players and segments in the global Laser Engraving Machines market.

  • It highlights key business priorities in order to help laser engraving machine companies realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global Laser Engraving Machine market, thereby enabling players across the value chain to develop effective long-term strategies.

  • Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets for laser engraving machines.

  • Thoroughly analyze global market trends and outlook, along with the factors driving the Laser Engraving Machine market, as well as those hindering it.

  • Improve decision making by understanding the strategies that underpin commercial interest with respect to customer products, segmentation, pricing, and distribution.

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CONTACT: Irfan Tamboli (Head of Sales) - Exactitudeconsultancy Phone: + 1704 266 3234 sales@exactitudeconsultancy.com LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/

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