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Global Laser Engraving Machine Market Share, Analysis, Trends, Forecast: By Product Type: CO2 Laser, Fibre Laser, Diode Laser, YAG Laser; By End Use: Advertising Decoration, Printing and Packaging, Leather and Apparel, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Laser Engraving Machine Market Outlook
The global market size for laser engraving machine reached a value of more than USD 2.99 billion in 2021. The global laser engraving machine market is expected to grow at a CAGR of 8.30% between 2023 and 2028, reaching a projected value of USD 4.82 Billion by 2027.
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Key Trends in the Market
Laser engraving machines are specialised equipment that comprise of powerful lasers. They are used for etching, cutting, and engraving marking hard materials. Laser engraving machines are used for advertising purposes and have wide applications in the apparel industry. Costs tend to vary depending upon the power of the laser and the types of materials it is compatible with.
- Automation is a key trend in for laser engraving machines, facilitating the mass production of lasered products. The ease and scalability of automation is expected to drive the laser engraving machine market growth across the globe.
- With the surging number of strict government guidelines and rules for engraving on medical and surgical equipment to enhance their traceability, the market demand for laser engraving machine is expected to bolster over the coming years.
- The availability of compact and safe laser engraving machines that do not require specialised knowledge for operations is further driving the market growth. At a reasonable cost, consumers can purchase and use simple laser engraving machines for home use in arts and crafts, leather, and apparel.
Market Analysis
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Based on the product type, the laser engraving machine market can be divided into CO2 laser, fibre laser, diode laser, and YAG laser. On the basis of end-use, the market is segmented into advertising decoration, printing and packaging, leather and apparel, model making, and arts and crafts, among others. The regional markets the can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global laser engraving machine market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Universal Laser Systems, Inc.
- Trotec Laser GmbH
- LaserStar Technologies Corporation
- Epilog Corporation
- Sintec Optronics Pte Ltd.
- Others
Market Share by Product Type
The fibre laser segment is expected to gain momentum in the laser engraving machine market across the globe on account of its numerous advantages like high optical quality, flexible fibre light, compact size of the machine, and high output power. Meanwhile, the YAG laser segment is expected to witness growth in the market for laser engraving machines during the forecast period. This is owing to the YAG laser’s ability of micro-processing as well as fine cutting of materials like textile, glass, and ceramic liquid crystal screens, among others.
Market Share by Region
Geographically, the Asia Pacific region is expected to augment the laser engraving machine market share on account of the rise in the adoption of laser marking machines in manufacturing factories, especially in India and China. With the adoption of evolved manufacturing techniques in Chinese machine tools industry as well as the growing military and aerospace industry, the market demand for laser engraving machines is expected to propel across the region.
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Competitive Landscape
Universal Laser Systems, Inc. is a leading supplier of laser material processing solutions. The company has been improving its laser technology applications since 1988. Its research and development execution and philosophy are based on creating modular solutions that offer consumers flexibility as well as investment protection to enhance the laser systems in their business progresses.
Trotec Laser GmbH is a leading international producer and developer of laser machines. The company aims to make the use of lasers faster, more profitable, and easier. It is considered a reliable partner and provides users with latest laser technologies.
LaserStar Technologies Corporation is a specialised designer and manufacturer for industrial lasers as well as laser workstations. Founded in 1957 in Rhode Island in the United States, LaserStar Technologies Corporation is a leading global supplier of versatile laser sources that have multiple applications.
Other market players include Epilog Corporation, and Sintec Optronics Pte Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Laser Engraving Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Laser Engraving Machine Historical Market (2018-2022)
8.3 Global Laser Engraving Machine Market Forecast (2023-2028)
8.4 Global Laser Engraving Machine Market by Product Type
8.4.1 CO2 Laser
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fibre Laser
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Diode Laser
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 YAG Laser
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Laser Engraving Machine Market by End Use
8.5.1 Advertising Decoration
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Printing and Packaging
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Leather and Apparel
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Model Making
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Arts and Crafts
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Laser Engraving Machine Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Laser Engraving Machine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Laser Engraving Machine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Laser Engraving Machine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Laser Engraving Machine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Laser Engraving Machine Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Universal Laser Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Trotec Laser GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LaserStar Technologies Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Epilog Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sintec Optronics Pte Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Laser Engraving Machine Market: Key Industry Highlights, 2018 and 2028
2. Global Laser Engraving Machine Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Laser Engraving Machine Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Laser Engraving Machine Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Laser Engraving Machine Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Laser Engraving Machine Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Laser Engraving Machine Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Laser Engraving Machine Market Structure
Key Questions Answered in the Report
In 2021, the global market for laser engraving machines attained a value of nearly USD 2.99 billion.
The market is assessed to grow at a CAGR of 8.30% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 4.82 billion by 2027.
The major market drivers are growing demands for product personalisation, tracking of medical supplies, and advertising through laser engraving.
The key market trends include rapid technological advancements, automation of laser engraving, and general public use of compact laser engraving machines.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various product types in the market include CO2 laser, fibre laser, diode laser, and YAG laser.
The different end-uses for laser engraving machines include advertising decoration, printing and packaging, leather and apparel, model making, and arts and crafts, among others.
The major players in the laser engraving machine market are Universal Laser Systems, Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, Epilog Corporation, and Sintec Optronics Pte Ltd., among others.
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