Fiber Laser Marking Machine Market Size, Share & Trends To 2031

Global Fiber Laser Marking Machine Market Regional Synopsis

Regionally, the global fiber laser marking machine market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia-Pacific is projected to hold the largest market share by the end of 2031. The market in the Asia-Pacific region is expected to garner significant growth as a result of the growing aerospace and military industries. As per the World Bank, air freight transportation was calculated at 76,282 million tons-km in 2018, up from 68,376 million tons-km in 2016. Furthermore, the increase in sales and demand for vehicles in the region is a growth factor for the market. As per the International Organization of Motor Vehicle Manufacturers, motor vehicle production in Asia was 44,276,549 in 2020, which further rose to 46,732,785 in 2021.

Fiber Laser Marking Machine Market Share (in %), Segmentation by Region, 2031

The global fiber laser marking machine market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

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Global Fiber Laser Marking Machine Market: Growth Drivers and Challenges

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Growth Drivers

Growing Fleet of Aircraft -Permanent, durable markings carry high importance when it comes to traceability in the aerospace industry. The growing fleet of aircraft is estimated to raise the demand for fiber laser marking machines for marking aerospace products. As per recent estimates, the global commercial fleet in 2017 stood at 25,370 aircrafts. This number is expected to rise with 3.4%, adding up to 35,500 aircrafts by 2027.
Expansion of Electronics Sector – The manufacturing of a huge number of products in the electronics and semiconductor sectors has generated the need for marking and engraving processes. This is expected to boost the growth of the fiber laser marking machine market. As per recent estimates, there are 3,965 global consumer electronics manufacturing businesses as of 2022, an increase of 0.5% from 2021.
Increment in Research and Development Expenditure – As per the World Bank, the percentage of research and development expenditure in the world’s Gross Domestic Product (GDP) rose from 2.14% in 2016 to 2.63% in 2020.
Surge in the Number of Hospitals – Fiber laser marking machines are used to mark high quality barcodes, serial numbers, logos, certifications, and other important identifying information on medical devices and instruments. Thus, the rise in the number of hospitals across the country is anticipated to generate growth opportunities for the fiber laser marking machine market. The number of hospitals in the United States increased from 5,627 in 2015 to 6.090 in 2019, according to the Organization for Economic Cooperation and Development.
Rising Government Support – Several initiatives taken by the governments of different countries are aimed at reforming the domestic engineering industries, which include construction, automotive, and others. Thus, it is anticipated to boost the demand for fiber laser marking machines market. According to the India Brand Equity Foundation, the automotive industry attracted Foreign Direct Investment Equity Inflow (FDI) worth USD 30.78 billion between April 2000 and September 2021, accounting for 5.49% of the total equity FDI during the period.

Challenges

High Deployment Costs
Strict Regulatory Compliance
Stringent Government Rules and Regulations

The fiber laser marking machine market is segmented and analyzed for demand and supply by end user into machine tools, semiconductor & electronics, automotive, medical & healthcare, aerospace & defense, packaging and others. Out of these, the aerospace & defense segment is expected to garner the highest revenue by 2031. The rising airplanes is surging the need for fiber laser marking machines to mark the components and parts of aircrafts. Recently, as per the International Air Transport Association (IATA), revenue generated by global commercial airlines in 2019 was USD 838 billion. Additionally, the high number of warships in defense across the world is also estimated to fuel the market growth in the forecast period. As per recent statistics, the number of warships in the U.S. grew from 415 in 2019 to 490 in 2020.

Market Segmentation

Our in-depth analysis of the global fiber laser marking machine market includes the following segments:

By Type

Fiber Laser
Co2 Laser
Diode Laser
Solid State Laser

By Offering

Hardware
Software
Services

By End User

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

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Top Featured Companies Dominating the Global Fiber Laser Marking Machine Market

Han's Laser Technology Industry Group Co., Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Telesis Technologies, Inc.
Videojet Technologies Inc.
Trotec Laser GmbH
Epilog Corporation
TYKMA, INC.
MECCO
LaserStar Technologies Corporation
Gravotech
COHERENT, INC.
IPG Photonics Corporation

In The News

May, 2022: Gravotech presents its Class 1 fully secure LW2 laser station which is customized to meet all marking and identification needs. The industrial construction of the laser station along with its sober and compact design makes the control of the marking process smoother without using computer functions.
May, 2020: MECCO has acquired FARO Photonics. Through this partnership of FARO Photonics’ scanner and software control technologies with MECCO’s application expertise, it is estimated to create new opportunities for innovation.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the fiber laser marking machine market?

Ans: The rising automotive industry along with the expansion in aerospace and defense are the major factors for the market growth.

2) What would be the CAGR of fiber laser marking machine market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2031.

3) What are the challenges affecting the fiber laser marking machine market growth?

Ans: High deployment cost and strict regulatory compliance is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of fiber laser marking machine market in future?

Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

5) Who are the major players dominating the fiber laser marking machine market?

Ans: The major players in the market are Han's Laser Technology Industry Group Co., Ltd, Telesis Technologies, Inc., Videojet Technologies Inc., Trotec Laser GmbH, Epilog Corporation, TYKMA, INC., MECCO, LaserStar Technologies Corporation, Gravotech, COHERENT, INC. and IPG Photonics Corporation.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fiber laser marking machine market?

Ans: The market is segmented by type, offering, end user and by region.

8) Which segment captures the largest market size in end user in the fiber laser marking machine market?

Ans: The aerospace and defense is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.

Fiber Laser Marking Machine Market