DUBLIN--(BUSINESS WIRE)--The "Laser Marking Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Laser Marking Market is expected to grow at a CAGR of 5.86% during the forecast period (2021-2026).
Companies Mentioned
- Coherent, Inc.
- IPG Photonics Corporation
- TRUMPF Group
- Mecco Partners LLC
- Gravotech Group
- Keyence Corporation
- Novanta Inc.
- Epilog Corporation
- Videojet Technologies Inc
- Han's Laser Group
Key Market Trends
Machine Tools End - User Segment is One of the Major Drivers of the Market
- Laser Marking has extensive application in machine tools as it enables permanent alphanumerical details featuring brand name, batch number, and other details. Further, they enable engraving of batch numbers, manufacturer codes, 1D & 2D bar codes, logos, designs, manufacturer codes, dates of manufacturing, product-related information, and other details that facilitates identification and security of the products.
- The market has been further augmented by the introduction of turnkey solutions by players like Laserax that launched its new inline laser marketing and laser cleaning solutions that will enables manufacturers to track their product from production to the assembly of the final product.
- Further, the introduction of easy to use, self-contained, table-top laser systems for vector and grayscale marking of machine tools is expected to further augment market growth. Coherent Inc has introduced a machine that has been designed for the engraving of machine tools.
Asia - Pacific is expected to be the Fastest Growing Market
- The rapid expansion of the end-user segments are expected to create opportunities for the market in the future. The demand for reliable and efficient packaging technologies in many Asian countries like India, China, Japan, and South Korea has been increasing due to the rising adoption of packaging materials especially in the food and beverage industry. According to the Indian Institute of Packaging further adds that the Indian Packaging market is expected to reach USD 32 billion by 2020, underscoring the need for automation solutions that are expected to be generated by this growth.
- Further, the Association of Southeast Asian Nations (ASEAN) countries that includes Malaysia, Indonesia, the Philippines, Thailand, Singapore, Brunei, Cambodia, Myanmar, Laos, and Vietnam has been witnessing increased investment in medical device manufacturing. This is expected to boost adoption of laser marking equipment. Though the investment has slowed down in the past couple of years, but the region is expected to benefit from the US-China Trade war.
- Medical thermometer manufacturer Terumo for instance is aiming to double its manufacturing capacity in Vietnam apart from finalizing plans to expand manufacturing of IV catheters in the Philippines.
- According to a recently released report by Japan Automobile Manufacturers Association, Inc, Asia exported 635,000 units of motor vehicles were exported by manufacturers in 2018 and this number is expected to increase substantially in the future creating sustainable opportunities for the market studied.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Applications in Various End-User Industries
4.2.2 Increased Investment in R&D leading to better Functionality
4.3 Market Restraints
4.3.1 High Cost of Deployment
4.4 Porters 5 Force Analysis
4.5 Industry Value Chain Analysis
4.6 Assessment of Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 By Equipment
5.2 By Offering
5.3 By End - User Industry
5.4 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/482j9
