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Global Laser Engraving Machine Market Size, Share, Forecast: By Product Type: CO2 Laser, Fibre Laser, Diode Laser, YAG Laser; By End Use: Advertising Decoration, Printing and Packaging, Leather and Apparel, Model Making, Arts and Crafts, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Laser Engraving Machine Market Size
The global laser engraving machine market reached a value of more than USD 3.51 billion in 2023. The market is estimated to grow at a CAGR of 8.3% between 2024 and 2032, reaching a value of USD 7.18 billion by 2032.
Laser Engraving Machine Market Outlook
- The rapid expansion of India's packaging sector is expected to offer lucrative opportunities to laser engraving machine manufacturers.
- Australia's cosmetic industry, worth USD 3.5 billion as per the International Trade Administration, is witnessing increased adoption of laser engraving machines to personalise cosmetic products.
- Canadian pharmaceutical sales surged 56.4% to $34.1 billion from 2012 to 2021, fuelling the need for laser engraving machines to create permanent marking for product identification and tracking.
Laser Engraving Machine Market Report Snapshots
Laser Engraving Machine Market Size
Laser Engraving Machine Market Growth
Laser Engraving Machine Market Trends
Laser Engraving Machine Market Share
Laser Engraving Machine Manufacturers
Laser Engraving Machine Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Laser Engraving Machine Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fibre Laser
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Diode Laser
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 YAG Laser
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Printing and Packaging
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Leather and Apparel
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Model Making
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Arts and Crafts
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Laser Engraving Machine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Laser Engraving Machine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Laser Engraving Machine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Laser Engraving Machine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Laser Engraving Machine Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Laser Engraving Machine Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Laser Engraving Machine Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Laser Engraving Machine Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Laser Engraving Machine Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Laser Engraving Machine Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Laser Engraving Machine Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Laser Engraving Machine Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Laser Engraving Machine Market Structure
Key Questions Answered in the Report
The market was valued at USD 3.51 billion in 2023.
The market is projected to grow at a CAGR of 8.3% between 2024 and 2032.
The revenue generated from the laser engraving machine market is expected to reach USD 7.18 billion in 2032.
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 of laser engraving machines include advertising decoration, printing and packaging, leather and apparel, model making, and arts and crafts, among others.
The key market players are Universal Laser Systems, Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, Epilog Corporation, and Sintec Optronics Pte Ltd., among others.
The key market trends include rapid technological advancements, automation of laser engraving, and general public use of compact laser engraving machines.
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