Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Fiber Laser Marking Machine Market size was valued at USD 3.06 billion in 2024 and is set to exceed USD 8.42 billion by 2037, expanding at over 8.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fiber laser marking machine is evaluated at USD 3.27 billion.
The primary growth factor for the fiber laser marking machine market is the rising sales and production of automobiles in the world as the companies in the automotive sector are using fiber laser marking machines to print serial numbers on tires. As per International Organization of Motor Vehicle Manufacturers, the sales and registrations of new vehicles surged from 78,774,320 in 2020 across the world to 82,684,788 in 2021. Fiber laser marking machines are mostly used to mark objects. The fiber laser marking machine does not employ inks or tool bits for marking the products. Moreover, they are equipped with a high-power carbon dioxide laser with a finely focusable beam. Fiber laser marking machines are commonly used in automotive, packaging, and other industries. The data by the International Organization of Motor Vehicle Manufacturers shows that 77,621,582 motor vehicles were produced across the world in 2020.
Fiber Laser Marking Machine Sector: Growth Drivers and Challenges
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 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
Fiber Laser Marking Machine Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.1% |
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Base Year Market Size (2024) |
USD 3.06 billion |
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Forecast Year Market Size (2037) |
USD 8.42 billion |
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Regional Scope |
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Fiber Laser Marking Machine Segmentation
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 2037. 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.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Offering
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By End User |
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Customize this ReportFiber Laser Marking Machine Industry - 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 industry is set to dominate majority revenue share by 2037, as a result of growing aerospace and military industries. 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.
Companies Dominating the Fiber Laser Marking Machine Landscape
- 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.
Author Credits: Abhishek Verma
- Report ID: 523
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
