According to the Market Statsville Group (MSG), the global laser marking market size is expected to grow from USD 2,565.6 million in 2022 to USD 5,344.9 mllion by 2033, at a CAGR of 6.9% from 2023 to 2033.

Laser marking can be both automated and processed at high speeds while leaving permanent marks on various materials, including aluminum, copper, titanium, steel, ceramics, glass, wood, plastic, paper, and cardboard. Parts and products can be marked with writing, machine-readable data, or graphics. Laser marking works by marking the surface of a material with a focussed beam of light. Then the beam interacts with the material's surface to modify its characteristics and shape. This focused beam exclusively targets a specific area, allowing the laser engraver to generate precise, high-quality, high-contrast marks on nearly any surface. This property makes laser marking appropriate for applications requiring precision and durability.

The increasing use of laser marking machines in automation processes for mass production has positively affected the market’s growth. The laser marking is ideal for marking logos, barcodes, and matrix codes on almost any material. Laser marking technology is applied in various vertical industries due to the products' cost-effectiveness, uniqueness, and reliability. Regulators are implementing permanent marking protocols on various products for the purposes of identity proof, traceability, and documentation, especially in the medical and defense sectors. In addition, the automotive and aerospace industries are widely adopting this technology. In the automotive industry, markers are used to mark the serial number on a tire without altering the structure of the tire. Laser marking is a versatile alternative to marking a wide range of aircraft parts compared to traditional marking processes as it offers high durability.

COVID-19 Impact on the Global Laser Marking Market

With the sudden outbreak of COVID-19, the laser marking market has had a significant impact. The production of its end-use application was halted, creating a negative outlook for the market. However, the medical industry has seen an increased demand for laser marking machines and services. The demand for masks and other medical devices used to treat covid suddenly increased, and medical device and product manufacturers used laser marking machines to mark brands and certify their use. Demand for COVID-19 test kits with polypropylene tubes for sampling has also emerged. These kits are externally marked using a UV laser for various parameters to ensure patient identification at any stage is not compromised.

Global Laser Marking Market Dynamics

Drivers: Increasing Adoption of Laser Markers in Various Industries

Laser marking has wide application in machine tools, allowing permanent alphanumeric details, including brand name, batch number, and other details. In addition, they can engrave 1D and 2D barcodes, logos, styles, manufacturer codes, production dates, product information, and many other details that facilitate identification and product security.

Further, laser marking systems find many applications in the electronics industry. Products in the electronics and semiconductor industries are manufactured on a large scale and therefore require automated marking and engraving processes. Moreover, the government initiatives for the rising production of semiconductors and electronics is another factor fueling the market growth. For instance, as per India Brand Equity Foundation, In December 2021, the Indian Ministry of Electronics and Information Technology (MeitY) introduced the launch of a PLI scheme worth US$ 2.94 Million (Rs. 22,000 crores) for the production of wearable technology and IT hardware. This PLI scheme will enhance exports by up to 50%.

Restraints: High Deployment Cost

The lasers required for processes, systems, and applications range in power from hundreds to thousands of watts. High-power lasers are used in large-scale laser displays, medical, military, research, laser nuclear fusion, and materials processing (welding, cutting, drilling, welding, marking, and fixing). Surface change). While laser engraving reduces labor and associated costs in the automotive and manufacturing industries, its implementation requires a significant investment. Therefore aforementioned factors may restrain the market’s growth.

Opportunities: Surging Adoption of Advanced Laser Marking Technologies

Laser technology applied to industrial production opens up an extremely satisfactory result, as the laser beam can affect very small parts of the object to be treated, causing the phenomenon of overheating strongly but at the right time. In this way, very precise engravings or markings can be obtained without damaging the object. For all these reasons, lasers are becoming more and more popular in the industrial field and are used in the field of dental technology, in the field jewelry, and the processing of a large number of materials. 

Recently, more and more people are adopting advanced laser technologies such as 3D laser marking machines and hybrid laser marking machines. Hybrid laser marking machines are the perfect high-speed laser for applications that require versatility in marking materials, from plastics to metals.  

Scope of the Global Laser Marking Market

The study categorizes the laser marking market-based on material, laser type, machine type, method, product type, application, and industry at the regional and global levels.

By Material Outlook (Sales, USD Million, 2019-2033)

• Metal
• Plastic
• Glass, Paper, and Ceramics
• Others

By Laser Type Outlook (Sales, USD Million, 2019-2033)

• Fiber Laser
• Diode Laser
• Solid-state Laser
• CO2 Laser
• UV Laser
• Others

By Method Outlook (Sales, USD Million, 2019-2033)

• Annealing
• Ablation
• Engraving
• Others

By Product Type Outlook (Sales, USD Million, 2019-2033)

• Portable
• Fixed

By Machine Type Outlook (Sales, USD Million, 2019-2033)

• 2D Laser Marking
• 3D Laser Marking

By Application Outlook (Sales, USD Million, 2019-2033)

• Bar Codes
• Logos
• Date Codes
• Part Numbers
• QR Codes
• Others

By Industry Outlook (Sales, USD Million, 2019-2033)

• Machine Tools
• Automotive
• Semiconductor & Electronics
• Aerospace & Defense
• Healthcare
• Packaging
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Metal segment accounts for the largest market share during the forecast period by material

Based on the material, the market is bifurcated into metal, plastic, glass, paper, ceramics and others. The metal segment accounts for a larger revenue share in 2022. Metals are widely used materials in various industries, such as automotive, healthcare, aerospace and defense, and machine tools, where marking is made on them for traceability purposes. Metal requires high engraving power to mark permanent or 2D codes and is done without any contact with no pre-or post-processing effort. With a laser machine, soft metals such as aluminum or hard metals or alloys such as steel can be easily and quickly marked permanently.

Asia Pacific is projected to account for the largest CAGR by Region

Based on the regions, the global laser marking market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. During the forecast period, Asia Pacific will grow at the fastest CAGR in the global laser marking market. China and India are the main contributors to the growth of the regional market due to the increasing use of laser marking machines in manufacturing plants in the region. Market growth is mainly driven by adopting innovative manufacturing techniques in China's machine tool industry and the region's thriving military and aerospace industry. Moreover, its continued dominance can also be attributed to increased foreign investment and many companies' relocation of production facilities to countries such as India and China. For instance, the Made in India Initiative and Belt and Road Initiative (BRI) are attracting investment in infrastructure development, improving the country's manufacturing sector, thereby creating a demand for laser marking machines.

Key Market Players in the Global Laser Marking Market

The laser marking market is extremely cutthroat, and significant competitors in the sector are using tactics including product development, collaborations, acquisitions, agreements, and growth to bolster their market positions. Most sector businesses focus on growing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global laser marking market are:

• Coherent, Inc.
• TRUMPF
• Han’s Laser Technology Co., Ltd.
• Gravotech Marking
• IPG Photonics Corp.
• 600 Group
• Danaher Corp.
• Novanta Inc.
• KEYENCE Corp.
• Huagong Tech Co., Ltd.
• Trotec Laser
• Epilog Laser
• MECCO

Recent Developments

• In February 2022, TRUMPF acquired Active Fiber Systems GmbH (AFS), a company based in Jena, Germany, specializing in fiber lasers. As a major shareholder of AFS, TRUMPF aims to foster synergies in the research and development of its existing ultrashort pulse laser portfolio and expand its operations in this growing field.
• In May 2022, Gravotech launched a fully protected class 1 LW2 laser station that will fulfill all permanent marking and identification needs with an enhanced experience in different versions depending on the application and need.
• In April 2022, Monport Tech Inc. announced the opening of Monport laser machine. In addition, Monport also launched three pre-sale laser marking machines with higher power of 100W, 130W, and 150W, respectively.

Key Issues Addressed

• What is the market size by various segmentation of the laser marking by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the laser marking market?
• What are the key opportunities and trends for manufacturers involved in the laser marking supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of laser marking in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.