Core Insights - The laser marking equipment industry in China has seen significant growth, with shipments expected to rise from 290,000 units in 2019 to 700,000 units by 2024, reflecting a compound annual growth rate (CAGR) of 19.3% [1][7][8] - The market size for laser marking equipment is projected to reach 10.2 billion yuan in 2024, with a year-on-year increase of 9.7% [8] - The industry is driven by the growth of sectors such as consumer electronics and automotive, with future expansion anticipated in emerging fields like new energy and new materials [1][8] Industry Overview - Laser marking equipment utilizes high-energy laser beams to create permanent markings on surfaces, primarily used in precision processing fields such as electronics, hardware, and automotive parts [2] - The main components of laser marking equipment include lasers, power supplies, work tables, scanning systems, and control systems, with lasers being the core component [2] Industry Composition - Laser marking equipment can be categorized into several types: fiber laser marking machines, CO2 laser marking machines, semiconductor laser marking machines, and UV laser marking machines, each suited for different materials and applications [3] Industry Development History - The development of laser marking technology in China began in the 1970s, with the first laser marking equipment produced in the 1980s. The industry has evolved significantly, with Chinese manufacturers now leading globally in terms of performance metrics [5][6] Industry Supply Chain - The supply chain for laser marking equipment includes upstream components like lasers and optical elements, midstream manufacturing, and downstream applications across various industries such as electronics, automotive, and medical devices [6] Current Industry Status - The demand for laser marking equipment in China is on the rise, with a notable increase in shipments and market size driven by advancements in technology and the growth of related industries [7][8] Competitive Landscape - Leading companies in the laser marking equipment sector, such as Han's Laser and Huagong Technology, dominate the market through vertical integration and competitive pricing strategies, while smaller firms focus on niche markets [8] Future Trends - The industry is expected to see increased product diversification, higher levels of automation and intelligence, and a trend towards miniaturization of laser marking devices to meet evolving consumer demands [11][12][13]