Laser Marking Machine Market to Grow

Warsaw, Poland -  Increasing use of laser systems in a wide range of industries including automobile, packaging and machine tools as permanent embossing solutions can lead to the global laser marking machine market size reaching $ 3.38 billion by 2024.

Industries such as automobile and machine tool provide permanent alphanumerical details on their products in terms of brand name, batch number and other details. The engraving helps in identification and security of the products which can be achieved through laser marking.

Asia Pacific constitutes one of the largest machine tool industries which is expected to drive the market at a CAGR of 8.3% over the period. Emerging economies including China and India are expected to witness growth in automobile, packaging, and electronics manufacturing, which in turn, will impact the regional laser marking equipment market positively.

 New Delhi, India -  An exponential rise in the manufacturing output lifted India’s factory production by over 8 percent in November from a rise of 1.99 percent in October and a 5.1 percent growth during the corresponding period of 2016-17.

On a year-on-year basis, the manufacturing sector expanded by 10.2 percent, while mining sector’s output inched up by 1.1 percent and the sub-index of electricity generation increased by 3.9 percent.

The General Index for the month of November 2017 stands at 125.6, which is 8.4 percent higher as compared to the level in the month of November 2016, according to the CSO report on the “Quick Estimates” of Index of Industrial Production (IIP) for November. The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stands at 3.2 percent.

Manufacturing ups

India’s factory output

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