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Laser Marking Market Analysis: Insights into the $4.1 Billion Industry by 2027

The Laser Marking Market is estimated to grow from USD 2.9 billion in 2022 to reach USD 4.1 billion by 2027; it is expected to grow at a CAGR of 7.2% from 2022 to 2027.

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Laser Marking Market Analysis: Insights into the $4.1 Billion Industry by 2027

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  1. MarketsandMarkets Presents The Laser Marking Market is estimated to grow from USD 2.9 billion in 2022 to reach USD 4.1 billion by 2027; it is expected to grow at a CAGR of 7.2% from 2022 to 2027. The growth of the Laser Marking Market can be attributed to higher performance of laser markers over traditional material marking techniques, increasing adoption of laser markers in various industries for traceability and identification of parts, and growing adoption of smart manufacturing techniques.

  2. MarketsandMarkets Presents Hardware segment to hold largest share of laser marking market during the forecast period. The hardware segment accounted for the largest share of the laser marking market in 2021, and this trend is expected to continue during the forecast period. The high requirement for hardware in several types of laser marking systems has contributed to the leading position of this segment, in terms of market size. Recent advancements in laser marking hardware solutions include new product launches by key players in the laser marking market. In May 2022, Gravotech launched LW2 laser marking workstation suitable for identification plates, tools, electronic and electrical components, automotive parts, medical instruments, and permanent markings. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1670 85735

  3. MarketsandMarkets Presents Laser marking market for packaging industry is expected to grow at the highest CAGR during the forecast period The laser marking market for the packaging industry is expected to grow at the highest CAGR during the forecast period. Laser markers are used for displaying variable data, such as expiration dates and batch and serial numbers, as product labels in most packaging companies. In the packaging industry, CO2 lasers are highly used for marking applications. Laser marking is used for different packaging solutions, such as on food items and PCBs. Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=16 7085735

  4. MarketsandMarkets Presents Laser marking market in Europe is expected to hold the second largest size during the forecast period. Laser marking market in Europe is expected to hold the second largest size during the forecast period. Germany, France, and the UK are the major contributors to the European laser marking market growth. The region has a strong industrial base and is globally recognized for its outstanding engineering capabilities, quality workforce, and R&D activities, which are also the key driving factors for the growth of the laser marking market in Europe. Furthermore, all medical devices in Europe registered within the European Union must obtain CE Mark. With a CE mark, companies can market and sell their products simultaneously in all EU member states whether that is Germany, France or Croatia.

  5. MarketsandMarkets Presents Key Players Key players involved in the manufacturing of laser marking systems are Coherent, Inc. (US), TRUMPF (Germany), Han’s Laser Technology Co., Ltd. (China), Gravotech Marking (France), IPG Photonics Corp. (US), 600 Group (UK), Danaher Corp. (US), Novanta Inc. (US), KEYENCE Corp. (Japan), Huagong Tech Co., Ltd. (China), Trotec Laser (Austria), Epilog Laser (US), and MECCO (US), among others. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/laser- marking-market-167085735.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/laser- marking.asp

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