Laser Engraving Machines Market size shall reach a value of $x Million in 2027, growing with a CAGR of 9.7% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
A laser engraving machine is a device used to render or engrave permanent marks on different surface structures. A laser engraving machine is an important tool for inventory tracking & control, loss prevention, and object identification. This is because the marks laser engraving machine creates on products are easily trackable.
A laser engraving machine is mainly utilized to create images on a material or object that can be seen at eye level. This technique is quick, as the material is discarded with each pulse of the laser. The depth of the craves or marks on the material depends on the number of times the laser beam has made contact with the material.
Laser marking machines are used in different industries and are highly durable and acceptable in terms of reliability and speed compared to other marking techniques. Laser engraving is largely used in industries such as electronics, medical, aerospace, automotive, and semiconductor production. Laser engraving is also used for artistic personalization of objects such as trophies, medals, plaques, tankards, and similar items.
Laser Engraving Machines Market Growth and Trends
Driving factors for the industry :
• Increasingdemand for accurate, high speed and automation from a variety of industries such as automotive, construction, packaging, food and beverages by several induced market players are some of the major driving factors stimulating the growth and demand of the laser engraving machine market within forecasted period.
• Laser engraving machines plays an important role in inventory control and tracking, identification of parts along with lost prevention activities because the laser engraving machines carves can easily be traced over these products.
• The laser engraving market gives major contribution to the market growth by establishing for various application sectors like apparel shops, fabric shops, gadgets, medals, antiques, metal works, jewelry etc. thereby it increases the demand and growth of the laser engraving machine market within few years.
• The growth of the laser processing industry is majorly driven by the rising preference of the end-user industry towards high quality laser based material processing and genuine end product, thereby it boost the growth and demand of the laser engraving machine market within forecasted period.
• Rapid expansion of the architecture end-user industry segment is due to the laser processing industry equipment. The increasing demand of laser in this segment is because laser help the architect to create precise and beautiful model and taking necessary measure to remove any flaws, thereby increasing the growth of the laser engraving machine market.
• Rising technological and infrastructural advancement in the laser engraving equipment and the growing demand of the laser engraving machine in the packaging, aerospace, automotive and medical industry segment for engraving on stainless steel, thereby boosting the market growth of the laser engraving machines.
Challenges for the industry :
• High installation and maintenance cost of laser engraving machine possess to be one of the restraining factors for the laser engraving market. This is because small and medium scale industrial workmen cannot invest such high cost and adopt the laser engraving machines, thereby hampering all overgrowth and demand of the laser engraving market.
Laser Engraving Machines Market Regional Analysis
The Asia Pacific region will contribute immensely to the market because of the increasing adoption of laser products, solutions, and technology’s growth to the global market. The North American region will hold a great amount of the revenue attributed to the increase in urbanization, growing manufacturing units, and the rising investments from various industries and sectors. The European countries (mainly the western European countries such as Germany and the United Kingdom) are also growing at a tremendous rate because of the rapid increment in the demand for laser engraving machines and the strict government regulations for surgical equipment and medical engraving machines.
Laser Engraving Machines Market Share and Competition
Key companies operating in this industry are: Universal Laser Systems, Inc., Gravotech Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, GCC, Wisely Laser Machinery Limited, Epilog Laser, Sintec Optronics Pte Ltd., Kern Laser Systems, and Vytek Laser Systems. Similar industries in this domain that is growing at a high CAGR include Punch Laser Machine Market and Laser Measuring Instruments Market.
Laser Engraving Machines Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2020 - 2027)
• CO2 Laser Engraving Machine
• Fiber Laser Engraving Machine
• Diode Laser Engraving Machine
• Nd:YAG Laser Engraving Machine
End-use Industries Analysis (Revenue, USD Million, 2020 - 2027)
• Advertising Decoration
• Printing & Packaging
• Leather & Apparel
• Model Making
• Arts & Crafts
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Laser Engraving Machines Market Companies
• Universal Laser Systems, Inc.
• Gravotech Inc.
• Trotec Laser GmbH
• LaserStar Technologies Corporation
• Wisely Laser Machinery Limited
• Epilog Laser
• Sintec Optronics Pte Ltd.
• Kern Laser Systems
• Vytek Laser Systems
Available Versions: -
United States Laser Engraving Machines Market Research Report
Europe Laser Engraving Machines Market Research Report
Asia Pacific Laser Engraving Machines Market Research Report
India Laser Engraving Machines Market Research Report
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