The Global Laser Engraving Machine Market size was estimated at USD XX billion in 2021 and is expected to hit around USD XX billion by 2031, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2031.
Global Laser Engraving Machine Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The industry that produces, distributes, and sells laser engraving machines is referred to as the global laser engraving machine market. Modern equipment called laser engraving machines employ laser technology to precisely and finely etch or mark a variety of materials.
These devices use laser beams to vaporise or remove a material's top layer, leaving a permanent etching or marking behind. A computer system that controls the laser beam enables accurate and complex designs to be made on a variety of materials, including wood, metal, plastic, glass, leather, and more.
The global market for laser engraving machines includes a wide range of goods, including desktop laser engraving machines for small-scale applications and industrial-strength machines used for massive manufacturing and production. Additionally, there are several laser engraving technologies on the market, including CO2 lasers, fibre lasers, and diode lasers, each with unique benefits and uses.
The demand for personalised and customised products is on the rise, and laser engraving is becoming more and more popular in sectors like jewellery, electronics, and the automotive industry. Laser technology advancements are also contributing to this growth.
Several observable trends may be seen in the laser engraving machine market landscape worldwide. First off, as a result of factors like industrialization, urbanisation, and rising disposable income, there is an increasing need for laser engraving machines in emerging economies. The demand for cutting-edge engraving and marking solutions across sectors is what is driving this growth.
Second, automation and integration of laser engraving equipment with other industrial processes are becoming more and more important. Through this integration, production operations are made frictionless, efficiency is increased, and manual intervention is decreased.
Thirdly, there is an explosion in the use of fibre laser technology on the market. High power economy, quick processing times, and compatibility with a variety of materials are just a few benefits of fibre lasers. Particularly noticeable examples of this trend are found in the automotive, electronics, and aerospace industries.
Market Segmentation:
Market Breakup: By Technology
• CO2 Lasers
• Fiber Lasers
• Diode Lasers
Market Breakup: By Product Type
• Size
• Capacity
• Intended Use
Market Breakup: By Application
• Automotive
• Electronics
• Jewellery
• Textiles
• Packaging
• Signage
Market Breakup: By End-user
• Industries
• Businesses
• Individual Consumers
Regional Analysis
The size and scope of the global Laser Engraving Machine industry vary by region and are important and expanding. Below is a quick summary of the industry's regional analysis:
North America: The technical improvements, increasing adoption of automation, and a strong presence of leading market players characterise the North American laser engraving machine industry. In the area, there is a sizable demand for laser engraving equipment from sectors including the automobile, aerospace, electronics, and healthcare. The industry is being driven by trends in customization and personalisation, with an emphasis on extreme accuracy and effectiveness. The market expansion in this region is largely attributed to the United States and Canada.
Europe: The region's robust manufacturing sector, particularly in the automotive, equipment, and consumer goods industries, is what drives the laser engraving machine market in that continent. To meet the needs of product branding and customisation, laser engraving equipment are in greater demand. Key markets in this region include Germany, Italy, France, and the United Kingdom, which are renowned for their technological know-how and inventiveness in laser-based technology.
Asia-Pacific: The Asia-Pacific region's market for laser engraving machines is expanding quickly as a result of the presence of growing economies like China, India, and South Korea. The demand for laser engraving machines is driven by the region's booming manufacturing sector and increasing industries, including the automotive, electronics, and textile sectors. Increased discretionary income, mass production efficiency, and cost-effectiveness all support market expansion in this area.
South America: Industries like jewellery, crafts, and small-scale manufacturing have an impact on the laser engraving machine market in South America. Leading markets in this region include Brazil, Argentina, and Colombia. The demand for high-quality engraving solutions in the gift, jewellery modification, and artistic applications industries is what propels the market. An assortment of regional and international firms make up the market in this area.
Middle East & Africa: The Middle East and Africa laser engraving machine market is expanding steadily, propelled by industries like jewellery, signage, and industrial manufacturing. Infrastructure expansion, building initiatives, and the expanding demand for product branding and customization all have an impact on the market. In this region, the UAE, Saudi Arabia, and South Africa are important markets that draw investments and technical developments.
Market Breakup By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The Laser Engraving Machine Industry competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Laser Engraving Machine marketplace.
Major players operating in the Global Laser Engraving Machine Industry are:
• Gravotech Group
• Trotec Laser
• Epilog Laser
• Universal Laser Systems
• Han's Laser Technology Industry Group Co., Ltd.
• Eurolaser GmbH
• FOBA Laser Marking + Engraving (ALLTEC GmbH)
• GCC LaserPro
• Mecco Partners LLC
• Jinan Senfeng Technology Co., Ltd.
• Beijing Kaitian Tech Co., Ltd.
• RMI Laser
• Synrad Inc.
• Coherent Inc.
• Vytek Laser Systems
Table of Content
Global Laser Engraving Machine Industry Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the Laser Engraving Machine Industry
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. Laser Engraving Machine Industry: Technology Estimates & Trend Analysis
5.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. CO2 Lasers
5.3.1. Market Size & Forecast, 2020-2031
5.4. Fiber Lasers
5.4.1. Market Size & Forecast, 2020-2031
5.5. Diode Lasers
5.5.1. Market Size & Forecast, 2020-2031
Chapter 6. Laser Engraving Machine Industry: Product Type Estimates & Trend Analysis
6.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Size
6.3.1. Market Size & Forecast, 2020-2031
6.4. Capacity
6.4.1. Market Size & Forecast, 2020-2031
6.5. Intended Use
6.5.1. Market Size & Forecast, 2020-2031
Chapter 7. Laser Engraving Machine Industry: Application Size Estimates & Trend Analysis
7.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Automotive
7.3.1. Market Size & Forecast, 2020-2031
7.4. Electronics
7.4.1. Market Size & Forecast, 2020-2031
7.5. Jewellery
7.5.1. Market Size & Forecast, 2020-2031
7.6. Textiles
7.6.1. Market Size & Forecast, 2020-2031
7.7. Packaging
7.7.1. Market Size & Forecast, 2020-2031
7.8. Signage
7.8.1. Market Size & Forecast, 2020-2031
Chapter 8. Laser Engraving Machine Industry: End-user Estimates & Trend Analysis
8.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Industries
8.3.1. Market Size & Forecast, 2020-2031
8.4. Businesses
8.4.1. Market Size & Forecast, 2020-2031
8.5. Individual Consumers
8.5.1. Market Size & Forecast, 2020-2031
Chapter 9. Laser Engraving Machine Industry: Regional Estimates & Trend Analysis
9.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, 2020-2031
Chapter 10. Laser Engraving Machine Industry: Country Estimates & Trend Analysis
10.1. Laser Engraving Machine Industry value share and forecast, (2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, 2020-2031
10.7. France
10.7.1. Market Size & Forecast, 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, 2020-2031
10.12. China
10.12.1. Market Size & Forecast, 2020-2031
10.13. India
10.13.1. Market Size & Forecast, 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. Gravotech Group
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. Trotec Laser
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Epilog Laser
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. Universal Laser Systems
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. Han's Laser Technology Industry Group Co., Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. Eurolaser GmbH
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. FOBA Laser Marking + Engraving (ALLTEC GmbH)
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. GCC LaserPro
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Mecco Partners LLC
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Jinan Senfeng Technology Co., Ltd.
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Beijing Kaitian Tech Co., Ltd.
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. RMI Laser
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Synrad Inc.
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. Coherent Inc.
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. Vytek Laser Systems
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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