Laser Engraving Machine Market 2021-2031: Market Share and Forecast
The Laser Engraving Machine Market is expected to register a CAGR of 7.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (CO2 Laser Engraving Machine, Fiber Laser Engraving Machine, Diode Laser Engraving Machine, ND:YAG Laser Engraving Machine, Others); Application (Advertising Decoration, Printing and Packaging, Leather and Apparel, Model Making, Arts and Crafts, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Laser Engraving Machine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Laser Engraving Machine Market Segmentation
Product- CO2 Laser Engraving Machine
- Fiber Laser Engraving Machine
- Diode Laser Engraving Machine
- ND:YAG Laser Engraving Machine
- Others
- Advertising Decoration
- Printing and Packaging
- Leather and Apparel
- Model Making
- Arts and Crafts
- Others
Strategic Insights
Laser Engraving Machine Market Growth Drivers- Growing Demand for Personalization: Growing trends of personalization in most products in the advertising, apparel, and consumer goods industry is henceforth boosting the demand for laser engraving machines. Laser engraving machine offers detailed as well as minute designs at the micro level that supports the customers' requirements as well as business demands.
- Technological Advancements: Laser technology is advancing continuously with the development of higher laser power, efficiency, and other aspects that improve the capabilities of engraving machines. This increases the quality of the engraving and allows the processing of a wide range of materials, thereby attracting more industries to adopt laser engraving solutions
- Expansion into Emerging Markets: The scope of expansion can be very high in emerging markets, where industrialization is on the rise. With the latter's development, the requirement for laser engraving machines in its applications like manufacturing and packaging will increase manifold.
- Integration with Automation and IoT: Laser engraving machines interfaced with automation technologies and Internet of Things (IoT) seem a great opportunity. This can increase operational efficiency, save labor costs and improve production capabilities, making laser engraving more attractive to manufacturers.
- Increasing E-commerce: As the electronic sector have been growing, the demand for those personalized and customized products has been seen to increase, thus increasing the need for laser engraving machines. The companies have seen an incentive in being able to offer custom products to appeal to more online consumers, in turn raising the level of market growth
- Growing Emphasis on Sustainability: The popularity of sustainable manufacturing is on the rise, laser engraving machines in particular, as they are more efficient and less wasteful than traditional methods.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laser Engraving Machine Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Laser Engraving Machine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
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Increasing E-commerce and Growing Emphasis on Sustainability is the key future trend of the Laser Engraving Machine Market
The leading players operating in the Laser Engraving Machine Market include ALLTEC GmbH, Epilog Laser, GCC, Kern Laser Systems, LaserStar Technologies Corporation, RMI Laser, Trotec Laser GmbH, Universal Laser Systems, Inc., Vytek Laser Systems
The major factors driving the Laser Engraving Machine Market: Growing Demand for Personalization and Technological Advancements.
The Laser Engraving Machine Market is estimated to witness a CAGR of 7.5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laser Engraving Machine Market - By Product
1.3.2 Laser Engraving Machine Market - By Application
1.3.3 Laser Engraving Machine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LASER ENGRAVING MACHINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LASER ENGRAVING MACHINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LASER ENGRAVING MACHINE MARKET - GLOBAL MARKET ANALYSIS
6.1. LASER ENGRAVING MACHINE - GLOBAL MARKET OVERVIEW
6.2. LASER ENGRAVING MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LASER ENGRAVING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CO2 LASER ENGRAVING MACHINE
7.3.1. Overview
7.3.2. CO2 Laser Engraving Machine Market Forecast and Analysis
7.4. FIBER LASER ENGRAVING MACHINE
7.4.1. Overview
7.4.2. Fiber Laser Engraving Machine Market Forecast and Analysis
7.5. DIODE LASER ENGRAVING MACHINE
7.5.1. Overview
7.5.2. Diode Laser Engraving Machine Market Forecast and Analysis
7.6. ND:YAG LASER ENGRAVING MACHINE
7.6.1. Overview
7.6.2. ND:YAG Laser Engraving Machine Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. LASER ENGRAVING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ADVERTISING DECORATION
8.3.1. Overview
8.3.2. Advertising Decoration Market Forecast and Analysis
8.4. PRINTING AND PACKAGING
8.4.1. Overview
8.4.2. Printing and Packaging Market Forecast and Analysis
8.5. LEATHER AND APPAREL
8.5.1. Overview
8.5.2. Leather and Apparel Market Forecast and Analysis
8.6. MODEL MAKING
8.6.1. Overview
8.6.2. Model Making Market Forecast and Analysis
8.7. ARTS AND CRAFTS
8.7.1. Overview
8.7.2. Arts and Crafts Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. LASER ENGRAVING MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Laser Engraving Machine Market Overview
9.1.2 North America Laser Engraving Machine Market Forecasts and Analysis
9.1.3 North America Laser Engraving Machine Market Forecasts and Analysis - By Product
9.1.4 North America Laser Engraving Machine Market Forecasts and Analysis - By Application
9.1.5 North America Laser Engraving Machine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Laser Engraving Machine Market
9.1.5.1.1 United States Laser Engraving Machine Market by Product
9.1.5.1.2 United States Laser Engraving Machine Market by Application
9.1.5.2 Canada Laser Engraving Machine Market
9.1.5.2.1 Canada Laser Engraving Machine Market by Product
9.1.5.2.2 Canada Laser Engraving Machine Market by Application
9.1.5.3 Mexico Laser Engraving Machine Market
9.1.5.3.1 Mexico Laser Engraving Machine Market by Product
9.1.5.3.2 Mexico Laser Engraving Machine Market by Application
9.2. EUROPE
9.2.1 Europe Laser Engraving Machine Market Overview
9.2.2 Europe Laser Engraving Machine Market Forecasts and Analysis
9.2.3 Europe Laser Engraving Machine Market Forecasts and Analysis - By Product
9.2.4 Europe Laser Engraving Machine Market Forecasts and Analysis - By Application
9.2.5 Europe Laser Engraving Machine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Laser Engraving Machine Market
9.2.5.1.1 Germany Laser Engraving Machine Market by Product
9.2.5.1.2 Germany Laser Engraving Machine Market by Application
9.2.5.2 France Laser Engraving Machine Market
9.2.5.2.1 France Laser Engraving Machine Market by Product
9.2.5.2.2 France Laser Engraving Machine Market by Application
9.2.5.3 Italy Laser Engraving Machine Market
9.2.5.3.1 Italy Laser Engraving Machine Market by Product
9.2.5.3.2 Italy Laser Engraving Machine Market by Application
9.2.5.4 United Kingdom Laser Engraving Machine Market
9.2.5.4.1 United Kingdom Laser Engraving Machine Market by Product
9.2.5.4.2 United Kingdom Laser Engraving Machine Market by Application
9.2.5.5 Russia Laser Engraving Machine Market
9.2.5.5.1 Russia Laser Engraving Machine Market by Product
9.2.5.5.2 Russia Laser Engraving Machine Market by Application
9.2.5.6 Rest of Europe Laser Engraving Machine Market
9.2.5.6.1 Rest of Europe Laser Engraving Machine Market by Product
9.2.5.6.2 Rest of Europe Laser Engraving Machine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Laser Engraving Machine Market Overview
9.3.2 Asia-Pacific Laser Engraving Machine Market Forecasts and Analysis
9.3.3 Asia-Pacific Laser Engraving Machine Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Laser Engraving Machine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Laser Engraving Machine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Laser Engraving Machine Market
9.3.5.1.1 Australia Laser Engraving Machine Market by Product
9.3.5.1.2 Australia Laser Engraving Machine Market by Application
9.3.5.2 China Laser Engraving Machine Market
9.3.5.2.1 China Laser Engraving Machine Market by Product
9.3.5.2.2 China Laser Engraving Machine Market by Application
9.3.5.3 India Laser Engraving Machine Market
9.3.5.3.1 India Laser Engraving Machine Market by Product
9.3.5.3.2 India Laser Engraving Machine Market by Application
9.3.5.4 Japan Laser Engraving Machine Market
9.3.5.4.1 Japan Laser Engraving Machine Market by Product
9.3.5.4.2 Japan Laser Engraving Machine Market by Application
9.3.5.5 South Korea Laser Engraving Machine Market
9.3.5.5.1 South Korea Laser Engraving Machine Market by Product
9.3.5.5.2 South Korea Laser Engraving Machine Market by Application
9.3.5.6 Rest of Asia-Pacific Laser Engraving Machine Market
9.3.5.6.1 Rest of Asia-Pacific Laser Engraving Machine Market by Product
9.3.5.6.2 Rest of Asia-Pacific Laser Engraving Machine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Laser Engraving Machine Market Overview
9.4.2 Middle East and Africa Laser Engraving Machine Market Forecasts and Analysis
9.4.3 Middle East and Africa Laser Engraving Machine Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Laser Engraving Machine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Laser Engraving Machine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Laser Engraving Machine Market
9.4.5.1.1 South Africa Laser Engraving Machine Market by Product
9.4.5.1.2 South Africa Laser Engraving Machine Market by Application
9.4.5.2 Saudi Arabia Laser Engraving Machine Market
9.4.5.2.1 Saudi Arabia Laser Engraving Machine Market by Product
9.4.5.2.2 Saudi Arabia Laser Engraving Machine Market by Application
9.4.5.3 U.A.E Laser Engraving Machine Market
9.4.5.3.1 U.A.E Laser Engraving Machine Market by Product
9.4.5.3.2 U.A.E Laser Engraving Machine Market by Application
9.4.5.4 Rest of Middle East and Africa Laser Engraving Machine Market
9.4.5.4.1 Rest of Middle East and Africa Laser Engraving Machine Market by Product
9.4.5.4.2 Rest of Middle East and Africa Laser Engraving Machine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Laser Engraving Machine Market Overview
9.5.2 South and Central America Laser Engraving Machine Market Forecasts and Analysis
9.5.3 South and Central America Laser Engraving Machine Market Forecasts and Analysis - By Product
9.5.4 South and Central America Laser Engraving Machine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Laser Engraving Machine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Laser Engraving Machine Market
9.5.5.1.1 Brazil Laser Engraving Machine Market by Product
9.5.5.1.2 Brazil Laser Engraving Machine Market by Application
9.5.5.2 Argentina Laser Engraving Machine Market
9.5.5.2.1 Argentina Laser Engraving Machine Market by Product
9.5.5.2.2 Argentina Laser Engraving Machine Market by Application
9.5.5.3 Rest of South and Central America Laser Engraving Machine Market
9.5.5.3.1 Rest of South and Central America Laser Engraving Machine Market by Product
9.5.5.3.2 Rest of South and Central America Laser Engraving Machine Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LASER ENGRAVING MACHINE MARKET, KEY COMPANY PROFILES
11.1. ALLTEC GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EPILOG LASER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GCC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KERN LASER SYSTEMS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LASERSTAR TECHNOLOGIES CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RMI LASER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TROTEC LASER GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. UNIVERSAL LASER SYSTEMS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VYTEK LASER SYSTEMS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WISELY LASER MACHINERY LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ALLTEC GmbH
2. Epilog Laser
3. GCC
4. Kern Laser Systems
5. LaserStar Technologies Corporation
6. RMI Laser
7. Trotec Laser GmbH
8. Universal Laser Systems, Inc.
9. Vytek Laser Systems
10. Wisely Laser Machinery Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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