The Laser Marking Machine by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Laser Marking Machine, The laser marking machine market size has grown strongly in recent years. It will grow from $2.82 billion in 2023 to $3.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing adoption of laser marking across end-users, the use of lasers in additive manufacturing, higher penetration of electronic devices, rising automation in industries and rising adoption of laser technology.
The laser marking machine market size is expected to see strong growth in the next few years. It will grow to $4.15 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to growing demand for material processing and increased investment in r&d is expected to drive the laser marking machine market. Major trends in the forecast period include focus on developing innovative laser marking goods, focus on merger and acquisition activity, focus on deploying artificial intelligence (ai) and machine learning (ml) applications, focus on investing in technological advancement focus on collaborations and partnerships.
Increasing demand for material processing across numerous applications, including industrial machinery, automotive, aerospace, and construction, is driving the market for industrial lasers. The need for industrial laser sources is anticipated to rise as a result of the expanding usage of laser systems for material processing, which has a number of benefits including greater productivity, flexibility, and efficiency. For instance, in January 2022, TRUMPF, a German industrial machine manufacturing company, collaborated with Fraunhofer Institute for Laser Technology ILT. Through this partnership, it became expected to advance laser material deposition research and hasten the technology’s introduction to the market. Customers would benefit from the collaboration’s numerous years of application-specific process experience and unique combination of top-tier laser system technology. Fraunhofer Institute for Laser Technology ILT is a creator of cutting-edge laser beam sources and premium optical parts and systems. Therefore, increasing demand for material processing boosted the market for laser marking machines during the forecast period.
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The laser marking machine market covered in this report is segmented –
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Mondi Group
- Stora Enso
- WestRock
- Smurfit Kappa
- Klabin S.A
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