DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Laser Marking Equipment Market 2017-2021" report has been added to Research and Markets' offering.
The global laser marking equipment market is forecast to grow at a CAGR of 4.93% during the period 2017-2021.
The report, Global Laser Marking Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing number of M&A. The global laser marking equipment market is highly fragmented due to the presence of many local and international vendors, all engaged in intense competition with each other. Therefore, the major players in the market are resorting to acquisitions as a strategy to increase their market shares.
According to the report, one driver in the market is rise in automation. Companies are shifting to automation to meet the desired high standards for quality, which is one of the results of globalization and increasing population. Investments in the process automation market in the US are increasing and are projected to reach $30 billion by 2021, indicating a growth rate of approximately 5%. This growth will primarily be witnessed in sectors such as software, hardware, services, technology, and the communication protocol used in automation.
Further, the report states that one challenge in the market is growing need for after-sales services. The importance that laser technology is gaining in manufacturing and other industrial processes is attributed to its productivity and efficiency. However, to ensure that their efficiency and productivity is not compromised, laser machines need continuous maintenance and servicing, which is inhibiting the adoption of these machines among end-users. Even a machine downtime of a few hours can result in heavy losses for businesses. However, vendors often cannot provide such rigorous maintenance and support, leading to customer dissatisfaction.
- IPG Photonics
Other prominent vendors
- Beamer Laser Marking Systems
- Beijing Kaitian Tech
- Gravotech Marking
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/43wm38/global_laser
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