Laser Marking Machine Global Market Report 2022: Growing Demand for Material Processing and Increased Investment in R&D to Drive Sector - ResearchAndMarkets.com
The "Laser Marking Machine Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--
The "Laser Marking Machine Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
The global laser marking machine market reached a value of nearly $2,432.71 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.19% since 2016. The market is expected to grow from $2,432.71 million in 2021 to $3,427.89 million in 2026 at a rate of 7.10%. The market is then expected to grow at a CAGR of 6.44%from 2026 and reach $4,683.00 million in 2031.
Growth in the historic period resulted from the increasing adoption of laser marking across end-users, the use of lasers in additive manufacturing, higher penetration of electronic devices, rising automation in industries and rising adoption of laser technology. The market was restrained by emission of dangerous gases during melting process, high cost of deployment and the coronavirus pandemic.
