From Concept to Reality: Examining the $4.1 Billion Laser Marking Market Expected by 2027

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MarketsandMarkets Presents
The Laser Marking Market is estimated to grow
from USD 2.9 billion in 2022 to reach USD 4.1
billion by 2027 it is expected to grow at a CAGR
of 7.2 from 2022 to 2027. The growth of the
laser marking market can be attributed to higher
performance of laser markers over traditional
material marking techniques, increasing adoption
of laser markers in various industries for
traceability and identification of parts, and
growing adoption of smart manufacturing
techniques.
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MarketsandMarkets Presents
Hardware segment to hold largest share of laser
marking market during the forecast period. The
hardware segment accounted for the largest share
of the laser marking market in 2021, and this
trend is expected to continue during the forecast
period. The high requirement for hardware in
several types of laser marking systems has
contributed to the leading position of this
segment, in terms of market size. Recent
advancements in laser marking hardware solutions
include new product launches by key players in
the laser marking market. Download PDF Brochure
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MarketsandMarkets Presents
Laser marking market for packaging industry is
expected to grow at the highest CAGR during the
forecast period The Laser Marking Market for the
packaging industry is expected to grow at the
highest CAGR during the forecast period. Laser
markers are used for displaying variable data,
such as expiration dates and batch and serial
numbers, as product labels in most packaging
companies. In the packaging industry, CO2 lasers
are highly used for marking applications. Laser
marking is used for different packaging
solutions, such as on food items and PCBs. Speak
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MarketsandMarkets Presents
Laser marking market in Europe is expected to
hold the second largest size during the forecast
period. Laser marking market in Europe is
expected to hold the second largest size during
the forecast period. Germany, France, and the UK
are the major contributors to the European laser
marking market growth. The region has a strong
industrial base and is globally recognized for
its outstanding engineering capabilities, quality
workforce, and RD activities, which are also the
key driving factors for the growth of the laser
marking market in Europe. Furthermore, all
medical devices in Europe registered within the
European Union must obtain CE Mark. With a CE
mark, companies can market and sell their
products simultaneously in all EU member states
whether that is Germany, France or Croatia.
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MarketsandMarkets Presents
Key Players Key players involved in the
manufacturing of laser marking systems are
Coherent, Inc. (US), TRUMPF (Germany), Hans
Laser Technology Co., Ltd. (China), Gravotech
Marking (France), IPG Photonics Corp. (US), 600
Group (UK), Danaher Corp. (US), Novanta Inc.
(US), KEYENCE Corp. (Japan), Huagong Tech Co.,
Ltd. (China), Trotec Laser (Austria), Epilog
Laser (US), and MECCO (US), among others. Browse
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