DUBLIN--(BUSINESS WIRE )--The "Global Laser Marking Market (2021-2026) by Offering Type, Laser Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Laser Marking Market is estimated to be USD 2.23 Bn in 2021 and is expected to reach USD 3.14 Bn by 2026, growing at a CAGR of 7.1%.
The key factors driving the Global Laser Marking Market are the growing adoption of laser marking systems by various industries such as automotive, aerospace and defense, packaging, construction, medical, machine tools, and others driving the market's growth. Additionally, the advantages of laser marking techniques over traditional material ones are fuelling the development of the market. On the other hand, the high cost associated with system deployment restricts the market and hampers growth.
Furthermore, growing automation across healthcare, electronics and semiconductor, military, semiconductor, and research verticals. The increasing demand for custom engraving and marking solutions. These Laser marking techniques are more durable and convenient to read and scan; these factors will create potential opportunities for the market to grow in the forecasted period. Moreover, uncertain regulatory compliance is the challenge that may negatively affect the market's growth shortly.
1. Novanta, Inc acquired Schneider Electric Motion USA, Inc and ATI Industrial Automation, Inc, which helped them to expand their position in high growth markets- August 31, 2021
2. II-VI Incorporated partnered with World Economic Forum as a member of the advanced manufacturing & production platform, which helped them to learn from a powerful group of companies-August 8, 2021
3. MECCO acquired FARO Photonics to supply the new innovative, high-quality products and laser solutions-May 04, 2021
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900