As an efficient and precise marking method, laser marking technology has been widely used in many industries. At present, in the fields of automobile manufacturing, electronic products, medical devices, jewelry, food and beverage packaging, laser marking technology has become an important tool for enterprises to improve product quality and production efficiency with its high-quality and high-speed marking capabilities. For example, in the automotive manufacturing industry, laser marking technology is used to print information such as identification and traceability codes on parts, realizing the transparency and traceability of the production process.
For now, the laser marking market can be segmented from multiple dimensions such as equipment type, product category, end-user industry, and geographical distribution. In terms of equipment, the market is mainly composed of fiber lasers, CO2 lasers, solid-state lasers, and other related equipment; product categories cover two major sectors: hardware and software; the diversity of end-user industries is reflected in healthcare, automobiles, electronics, machine tools, packaging, and other fields; and from a geographical perspective, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Laser marking market size (unit: billion US dollars)
Laser marking market size
Laser marking technology has become an indispensable part of many industries with its excellent versatility and precision. It uses the high energy of lasers to perform fine etching, engraving or annealing on the surface of various materials to achieve permanent marking. Due to its high efficiency and precision, it has also been widely used in many fields such as healthcare and pharmaceuticals, automotive manufacturing, electronics, machine tool processing and packaging.
According to the "Global Laser Marking Market Size and Share Analysis Report-Growth Trends and Forecasts (2024-2029)" released by Mordor Intelligence, the size of the global laser marking market is expected to climb to a peak of US$3.91 billion this year. Looking ahead, it is expected to jump to US$5.18 billion by 2029, showing a strong growth momentum. During the period of 2024-2029, the global market is expected to rise steadily at a compound annual growth rate of 5.80%.DADI CNC's portable 20W 30W 50W handheld marking machine leads the sales.https://dadilaser.en.alibaba.com
Nowadays, laser marking technology plays a vital role in the field of equipment manufacturing. In the field of equipment manufacturing, laser marking technology has become a key tool for improving product traceability, strengthening quality control and optimizing process flow. At the beginning of the production line, each component can be given a unique identification, and the barcode reader can accurately track the trajectory of the parts at various stages of the manufacturing process.
The current status and challenges are as follows:
At the technical level, with the continuous improvement of marking accuracy, the performance requirements of lasers are getting higher and higher, and the output power and beam quality of lasers need to be continuously improved. Secondly, with the emergence of new materials and new processes, how to achieve high-quality marking on these materials is also a technical problem that needs to be solved. In addition, with the continuous improvement of intelligence and automation levels, how to improve the convenience of operation and intelligence level of laser marking equipment is also an important research direction.
At the market level, the cost of laser marking equipment is relatively high. For some small and medium-sized enterprises, the investment cost is large, which limits its application scope. With the continuous advancement of technology, more and more laser marking equipment suppliers have appeared in the market, and product homogeneity is serious and competition is fierce. Due to the large differences in needs in different industries and different application scenarios, how to meet the needs of different customers has also become an important challenge.
At the industry application level, the performance of lasers continues to improve, enabling laser marking machines to achieve higher power density and faster marking speeds. However, with the emergence of new materials and new processes, laser marking technology should also continue to expand its application scope, such as marking on difficult-to-process materials such as glass and ceramics.
Laser marking market trends
① Machine tools may become the largest end user
Estimated annual consumption value of the European machine tool industry from 2020 to 2025 (in billion US dollars)
Laser marking technology has demonstrated its dual advantages of flexibility and durability in the manufacture of automotive parts, providing strong support for part tracking and identification during the manufacturing process. It can mark text, logos or other images on parts with extremely high accuracy and detail, and the information is clearly legible. In the automotive industry, the traceability of parts is crucial, which is both about safety and for technical protection requirements. Therefore, automakers use unique, anti-counterfeiting and easy-to-read data matrix codes and alphanumeric inscriptions to ensure the unique identity of each part.
In addition, the application process of laser marking is fast and easy, making it a cost-effective choice for large-scale production. It helps to simplify the management of component failures and significantly reduces the risk of errors, thereby ensuring product quality and reliability of the production process while improving production efficiency.
It is understood that many automotive parts are made of materials such as plastics, light metals and steel, and are equipped with traceability and quality control marks. These marks are durable even under high temperature environments and corrosive media such as oil and gas. Over time, laser marking of automotive parts can provide lasting markings on most materials used in automotive manufacturing.
Laser marking technology has shown multiple advantages in the automotive industry, such as durability, anti-counterfeiting ability, accuracy, speed and high contrast. Therefore, automakers regard it as an ideal choice for marking parts. Laser marking can not only resist thermal stress, but also has the characteristics of acid resistance, gasoline resistance and high temperature resistance, ensuring that each component can permanently maintain maximum traceability in quality. In addition, the ease of operation and efficient speed of laser marking make it an economical solution in large-scale production, which helps to simplify the management of component failures and reduce the possibility of errors.
The continuous improvement of people's living standards and the huge base of the global population have supported the rising demand for automobiles, which undoubtedly provides a solid foundation for the expansion of the market. According to IBEF statistics, the Indian automobile industry plans to increase its automobile exports to five times the original volume between 2016 and 2026. Data show that India's total automobile exports in 2022 have reached 5,617,246 vehicles.
Against this background, some automakers are actively expanding their manufacturing capabilities to meet the growing market demand. For example, in October 2023, Hyundai Motor Company and the Public Investment Fund (PIF) jointly announced that the two parties have signed a joint venture agreement to build a highly automated automobile manufacturing plant in Saudi Arabia.
② Asia-Pacific region is expected to achieve significant growth
Global laser marking market compound growth rate (%)
From the compound growth rate of the laser marking market in recent years, the Asia-Pacific region, especially China, India, South Korea and Vietnam, has become a region with rapid growth in manufacturing. These countries have attracted companies from all over the world to invest and build factories due to their low labor costs, and have gradually become an important base for global manufacturing. It can be said that these countries in the Asia-Pacific region have become the heartland of global manufacturing with their cost-effectiveness.
Not only that, many Asia-Pacific countries have formulated policies to encourage the development of manufacturing, including support and rewards for enterprises that adopt advanced technologies. These policies provide a strong guarantee for the development of the laser marking market and further optimize the foreign investment environment to attract more international capital. For example, the "Make in India" program initiated by the Indian government is a strategic initiative aimed at attracting companies from various countries to set up factories in India and increase investment in manufacturing. Similarly, the Chinese government has also formulated and issued the national strategic plan of "Made in China 2025" to promote the further development of China's manufacturing industry. The implementation of these policies and plans has further consolidated the position of the Asia-Pacific region as a global manufacturing center.
Manufacturing investment in the Asia-Pacific region is developing rapidly, especially in the fields of electronic manufacturing and automobile manufacturing. The large demand for high-precision and high-efficiency laser marking equipment in these industries has driven the growth of the laser marking market and is expected to maintain a steady growth rate in the next few years.
In summary, laser marking technology faces opportunities and challenges in terms of industry application, technology improvement, market challenges and technical challenges. Only by continuous innovation and progress can we maintain the leading position of laser marking technology and bring better technical services to more industries and customers.
