According to Research And Markets, the global market size of laser marking machine is expected to reach USD 5.03 billion by 2028, with a CAGR of 8.0% during 2020-2028. The increasing applications of the advanced marking technologies in many industries such as machine tools, aerospace, and etc. Moreover, the growing demand for precision marking and reliable traceability of manufactured products are also some of the factors driving the market growth. For instance, the widespread applications of marking technology in machine tools and equipment, especially in the automotive, semiconductor, and electronics industries, will further activate the market demand during the forecast period. In terms of product category, the fiber laser marking machine will continue to dominate the market with a CAGR of 9.8% during the forecast period. Owing to its widespread use in metal products, thereby finding a significant share in the automotive industry, aerospace, and machine tool industries. While the CO2 laser marking machine will contribute to the market with a CAGR of 10.5. Since the laser marking technology is more and more adopted in the garment printing and garment accessories industries. Taking advantage of the high speed, high accuracy and large format, the CO2 laser marking machine is step by step taking up the market share of CO2 laser marking machine and Plotter.
Meanwhile, the increasing focus on factory automation to improve productivity, save energy, and reduce downtime is expected to drive the market demand for laser marking. Moreover, emerging economies such as India are the major markets that are expected to witness the trend of mass production in the coming years. Mass production is possible with the help of automation technology and fast assembly lines, which creates a high demand for automatic laser marking machines. For instance, the demand for smartphones in India has forced manufacturers to start producing or assembling smartphone components locally.
After many years' development, currently laser marking machines have become one of the strong manufacturing tool for factories. For example, CO2 laser marking machine is widely used in the industries of vinyl sticker cutting, vinyl logos making, leather engraving, paper engraving, wood engraving, stone engraving, garment printing, jeans washing, and etc. Especially in the bulk production, laser marking machine can always meet customers' requirement in every aspect.