The global laser marking machine market is expected to grow at a CAGR of 6.7% over the forecast period i.e. 2017-2024. Further, laser marking machine market is anticipated to reach noteworthy sales globally by 2024.
New York, United States - August 7, 2018 /MarketersMedia/ —
“Laser Marking Machine Market: Global Demand Analysis & Opportunity Outlook 2024”
The global laser marking machine market is segmented into end use application such as automotive, aerospace, machine tool, electronics & microelectronics, medical, packaging, military and others, out of which machine tool segment accounted for the biggest market in the overall laser marking machine market. In addition to this, rising need to identify the proper machine tool for the particular purpose along with growing demand for laser marking machine for marking various types of machines tools is projected to flourish the growth of machine tool segment. Likely, advancement in marking technology is one of the major factors plunging the market of laser marking machine.
Global Laser Marking Machine Market is projected to showcase a remarkable CAGR of 6.7% during the forecast period i.e. 2017-2024. Moreover, the Global Laser Marking Machine Market is anticipated to account exponential revenue by 2024. Additionally, the laser marking machine market is riding on the back various factors such robust growth of industrial sector.
The fiber laser segment by product type is predicted to seize the highest CAGR over the forecast period. In terms of geography, with 38.4% share, Asia-Pacific region accounted for the largest market of laser marking machine in 2016. Furthermore, rapid growth of automotive industry in this region coupled with rising need for marking on the different tools of the automotive machine is projected to uplift the growth of laser marking machine market. Further, China and Japan are the prominent countries in this region. Apart from this, Europe and North America laser marking machine market is significantly growing at rapid pace. Further, rising adoption of advanced marking technology by numerous industries is believed to bolster the market of both the regions.
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Technological Advancement
Rapidly evolving marking industry have encouraged various laser marking machine players to heavily invest in their research and development activities in order improve their laser marking machine products. Further, laser marking machine is broadly used by various sectors in order to provide marking to their machine tools and equipments.
Rising Government Legislations
Rising government regulations and guidelines for marking medical equipments, surgical devices and others is expected to flourish the growth of laser marking machine market. Furthermore, rising application of laser marking machine in plastic industry along with growing demand for precise specifications on manufactured products is believed to boost the demand for laser marking machine. Further, lack of adoption of advanced marking products in underdeveloped nations is anticipated to hamper the growth of laser marking machine market.
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The report titled “Laser marking machine Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global laser marking machine market in terms of market segmentation by product type, by end use application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global laser marking machine market which includes company profiling of Coherent Inc. (Rofin Sinar) , Gravotech Marking , Epilog Laser , 600 Group PLC , Han's Laser, Mecco Ltd., IPG Photonics Corporation , RMI Laser, ZHEJIANG JIATAI LASER SCIENCE&TECHNOLOGY CO., LTD., Panasonic Electric Works Europe AG, ACSYS Lasertechnik GmbH and Eurolaser GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global laser marking machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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