The North America Laser Marking Machine Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
The working of a laser marking includes the usage of a focused beam of light to engrave on the surface of a material. After the beam comes in contact with the material’s surface, it changes the material’s appearance & properties. This beam focuses on a target area, which enables the laser marking machine to make accurate, high-contrast, and high-quality engraves that is readable or scan on virtually any surface. Due to this feature, laser marking is apt for applications wherever precision and durability are very important for success.
The rising adoption of laser marking machines in automation procedures for mass manufacturing is estimated to bolster the growth of the laser market machine market. In addition, laser marking systems are apt for marking logos, matrix codes, and bar codes, on approximately every kind of material.
The high adoption rate of the latest technologies and equipment in this region would open new growth prospects for the laser marking machine manufacturers. In addition, the presence of many big giants across this region is estimated to augment the growth of the laser marking machine market in the coming years. With the advancement in technology, several companies are increasingly adopting and investing in modern machines and devices.
This is one of the factors that would support the growth of the laser marking machine in this region. In addition, the strong healthcare system and the strict government norms regarding medical devices and equipment have pushed manufacturers of different medical devices and kits to invest in advanced marking machines to clearly mention all the required information on their products. These aspects would further bolster the growth of the regional laser marking machine market.
The US market dominated the North America Medical Laser Marking Machine Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $87.9 million by 2027. The Canada market is experiencing a CAGR of 10.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.5% during (2021 - 2027).
Based on Type, the market is segmented into Fiber Laser, CO2 Laser, Green Laser, UV Laser and Others. Based on Application, the market is segmented into Machine Tool, Electronics & Microelectronics, Medical, Automotive, Aerospace, Packaging, Military and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Laser Marking Machine Market is Estimated to Reach USD 4.7 Billion by 2027 at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Han's Laser Technology Industry Group Co., Ltd., Telesis Technologies, Inc., Videojet Technologies, Inc. (Danaher Corporation), Trotec Laser GmbH (Trodat), Epilog Laser, 600 Group PLC (TKMA Electrox, Inc.), MECCO, LaserStar Technologies Corporation and Gravotech Marking.
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