In recent years, the laser marking machine industry has ushered in rapid development driven by the global manufacturing upgrade and automation trend. According to customs data, China's laser marking machine exports reached 4.148 million units in 2022, with an export value of 15.5 billion yuan. Although the export volume dropped slightly to 3.813 million units in 2023, the export value climbed to 17.39 billion yuan, showing the continued growth of product added value and market demand. In the first half of 2024 (January-June), the export volume of laser marking machines has reached 1.614 million units, with an export value of 8.25 billion yuan. The industry has an annual compound growth rate of about 12%, and the global market size is expected to reach US$5.18 billion by 2029.
Market segmentation and application areas:
Laser marking machines are widely used in various processes such as color change, engraving and etching. The equipment types mainly include fiber lasers, CO2 lasers and solid-state lasers, and the products cover hardware and software. The end-user industries involve healthcare, automotive, electronics, machine tools, packaging and other fields, and the market covers North America, Europe, Asia Pacific and other parts of the world.
Developed manufacturing countries such as the United States, Germany, and Japan have a strong demand for high-precision and highly automated laser marking equipment, which provides broad space for the export of high-end laser marking machines in China. At the same time, the manufacturing industry in emerging market countries such as India, Brazil, and Southeast Asia is developing rapidly, and the demand for mid-range and economical laser marking machines is rising. In regions such as South Korea and Taiwan, where the electronics and automobile industries are developed, the demand for the application of laser marking machines in the processing of electronic components and automotive parts is particularly prominent.
The industry has broad prospects:
Under the general trend of intelligent manufacturing and green production in the global manufacturing industry, the laser marking machine industry is expected to continue to maintain rapid growth. Industry insiders pointed out that companies need to seize the high-end market demand and emerging market opportunities, and further expand their international market share and enhance their global competitiveness through technological innovation and market layout. We at Feiying Laser are actively and continuously promoting technological upgrades and product innovations, continuously expanding our global business territory, and injecting new momentum into the high-quality development of the industry.