Laser Engraving Machine Market, By Product (CO2 Laser Engraving Machine, Fiber Laser Engraving Machine, Diode Laser Engraving Machine, and Nd:YAG Laser Engraving Machine), By End User (Advertising Decoration, Printing & Packaging, Leather & Apparel, Model Making, Arts & Crafts, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Market Trends, Analysis, and Forecast till 2029

Report Code: PMI454720 | Publish Date: August 2023 | No. of Pages: 168

Global Laser Engraving Machine Market Overview

The laser engraving machine is used to engrave or render permanent marks on various surface forms. The utilization of laser marking machines is pushed through several industries and is very suitable and reliable in terms of speed and reliability compared to other marking methods, like dot peen marking machines. Industry 4.0 has also had an impression on the worldwide demand for laser marking machines. The growing demand for precision, high speed and automation from a spread of industries, like food and beverage, automotive and packaging, is that the main drive behind the expansion of the industry. The Laser Engraving Machine Market accounted for US$ 2.6 billion in 2019 and is estimated to be US$ 5.3 billion by 2029 and is anticipated to register a CAGR of 7.5%.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. This report will quantify the impact of a pandemic on the laser engraving machine market.

Global Laser Engraving Machine Market Dynamics

Growing need for unique device identification and deep engraving

The growing need for unique device identification and deep engraving during the manufacturing process for the target of traceability, internal control, production flow control, and merchandise quality validation are anticipated to fuel the market demand. These markings done through these machines, especially fiber laser machine, consume less time and do not fade, even with continuous exposure to heat and harsh chemicals. Hence, growing demand for such machines in electronics and defense industries is further anticipated to bolster the market growth over the forecast period.

Increasing number of stringent government regulations and guidelines

The increasing number of stringent government regulations and guidelines for markings on surgical and medical equipment to improve their traceability is also projected to propel the market demand globally. On the other hand, high demand has been observed for personalized leather products, including leather jewelry, purses, and handbags, with customizations such as monogrammed initials and names. Hence, the market demand from such industries is projected to propel the growth of engraving technologies such as laser marking systems in the forecast period. However, High cost of laser engraving machines lowers its adoption in small and medium scale industries might be hampering the growth of the market.

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Global Laser Engraving Machine Market Segmentation

The global laser engraving machine market is segmented based on product, end user, and region.

On the basis of product, the global laser engraving machine market is segmented into CO2 laser engraving machine, fiber laser engraving machine, diode laser engraving machine, and Nd:YAG laser engraving machine. Based on end user, the target market is segmented into advertising decoration, printing & packaging, leather & apparel, model making, arts & crafts, and others.

Regional Insights:

On region the global Laser Engraving Machine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia- Pacific region dominated the market and is expected to expand over the forecast period. This is attributed due to adoption of enhanced manufacturing techniques in the Chinese machine tools industry and the flourishing aerospace and military industry in the region. Moreover, The Europe market has a significant growth rate owing to the dominance of automotive and automotive component manufacturers in the countries such as Germany, Europe, Italy, and France. For instance, In December 2018, the government of the U.K. agreed to invest approximately USD 335 million in the Future Flight Challenge to support the advancement in aerospace technology.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product: CO2 Laser Engraving Machine, Fiber Laser Engraving Machine, Diode Laser Engraving Machine, and Nd:YAG Laser Engraving Machine

By End User: Advertising Decoration, Printing & Packaging, Leather & Apparel, Model Making, Arts & Crafts, and Others

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

sReport coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global laser engraving machine market report based on product, end user, and region.

Global Laser Engraving Machine Market, By Product:

  • CO2 Laser Engraving Machine
  • Fiber Laser Engraving Machine
  • Diode Laser Engraving Machine
  • Nd:YAG Laser Engraving Machine

Global Laser Engraving Machine Market, By End User:

  • Advertising Decoration
  • Printing & Packaging
  • Leather & Apparel
  • Model Making
  • Arts & Crafts
  • Others

Global Laser Engraving Machine Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Laser Engraving Machine Market Key Players

The key players operating in the global laser engraving machine market includes Han's Laser Technology Industry Group Co., Ltd, Telesis Technologies, Inc., Videojet Technologies, Inc., Trotec Laser GmbH, Epilog Laser, TYKMA Electrox, Inc., MECCO, LaserStar Technologies Corporation, Gravotech Marking, and Sea Force Co., Ltd. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in May 2019, TYKMA Electrox announced collaboration with Cerakote, a provider of thin-film ceramic coating for several applications. The partnership was aimed at providing advanced imaging on products with Cerakote coatings by blending it with the former’s laser marking abilities on a variety of 3D objects.

Global Laser Engraving Machine Market Company Profile

  • Han's Laser Technology Industry Group Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Telesis Technologies, Inc.
  • Videojet Technologies, Inc.
  • Trotec Laser GmbH
  • Epilog Laser
  • TYKMA Electrox, Inc.
  • MECCO
  • LaserStar Technologies Corporation
  • Gravotech Marking
  • Sea Force Co., Ltd.

Global Laser Engraving Machine Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Laser Engraving Machine Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Laser Engraving Machine Market, By Product, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • CO2 Laser Engraving Machine
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Fiber Laser Engraving Machine
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Diode Laser Engraving Machine
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Nd:YAG Laser Engraving Machine
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Laser Engraving Machine Market, By End User, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Advertising Decoration
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Printing & Packaging
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Leather & Apparel
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Model Making
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Arts & Crafts
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Laser Engraving Machine Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Han's Laser Technology Industry Group Co., Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Telesis Technologies, Inc.
      • Videojet Technologies, Inc.
      • Trotec Laser GmbH
      • Epilog Laser
      • TYKMA Electrox, Inc.
      • MECCO
      • LaserStar Technologies Corporation
      • Gravotech Marking
      • Sea Force Co., Ltd.
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

List of Tables

TABLE List of data sources

TABLE Market drivers; Impact Analysis

TABLE Market restraints; Impact Analysis

TABLE Laser Engraving Machine Market: Product Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Product

TABLE Global Laser Engraving Machine Market, by Product 2019-2029 (USD Million)

TABLE Laser Engraving Machine Market: End User Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by End User

TABLE Global Laser Engraving Machine Market, by End User 2019-2029 (USD Million)

TABLE Laser Engraving Machine Market: Regional snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Region

TABLE Global Laser Engraving Machine Market, by Region 2019-2029 (USD Million)

TABLE North America Laser Engraving Machine Market, by Country, 2019-2029 (USD Million)

TABLE North America Laser Engraving Machine Market, by Product, 2019-2029 (USD Million)

TABLE North America Laser Engraving Machine Market, by End User, 2019-2029 (USD Million)

TABLE Europe Laser Engraving Machine Market, by Country, 2019-2029 (USD Million)

TABLE Europe Laser Engraving Machine Market, by Product, 2019-2029 (USD Million)

TABLE Europe Laser Engraving Machine Market, by End User, 2019-2029 (USD Million)

TABLE Asia Pacific Laser Engraving Machine Market, by Country, 2019-2029 (USD Million)

TABLE Asia Pacific Laser Engraving Machine Market, by Product, 2019-2029 (USD Million)

TABLE Asia Pacific Laser Engraving Machine Market, by End User, 2019-2029 (USD Million)

TABLE Latin America Laser Engraving Machine Market, by Country, 2019-2029 (USD Million)

TABLE Latin America Laser Engraving Machine Market, by Product, 2019-2029 (USD Million)

TABLE Latin America Laser Engraving Machine Market, by End User, 2019-2029 (USD Million)

TABLE Middle East and Africa Laser Engraving Machine Market, by Country, 2019-2029 (USD Million)

TABLE Middle East and Africa Laser Engraving Machine Market, by Product, 2019-2029 (USD Million)

TABLE Middle East and Africa Laser Engraving Machine Market, by End User, 2019-2029 (USD Million)

List of Figures

FIGURE Laser Engraving Machine Market segmentation

FIGURE Market research methodology

FIGURE Value chain analysis

FIGURE Porter’s Five Forces Analysis

FIGURE Market Attractiveness Analysis

FIGURE COVID-19 Impact Analysis

FIGURE Pre & Post COVID-19 Impact Comparison Study

FIGURE Competitive Landscape; Key company market share analysis, 2019

FIGURE Product segment market share analysis, 2019 & 2029

FIGURE Product segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE End User segment market share analysis, 2019 & 2029

FIGURE End User segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Regional segment market share analysis, 2019 & 2029

FIGURE Regional segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE North America Laser Engraving Machine Market share and leading players, 2019

FIGURE Europe Laser Engraving Machine Market share and leading players, 2019

FIGURE Asia Pacific Laser Engraving Machine Market share and leading players, 2019

FIGURE Latin America Laser Engraving Machine Market share and leading players, 2019

FIGURE Middle East and Africa Laser Engraving Machine Market share and leading players, 2019

FIGURE North America market share analysis by country, 2019

FIGURE U.S. Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Canada Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Europe Laser Engraving Machine Market share analysis by country, 2019

FIGURE Germany Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Spain Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Italy Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE UK Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE France Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of the Europe Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Asia Pacific Laser Engraving Machine Market share analysis by country, 2019

FIGURE India Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE China Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Japan Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE South Korea Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of APAC Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Laser Engraving Machine Market share analysis by country, 2019

FIGURE Brazil Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Mexico Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Argentina Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of LATAM Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Laser Engraving Machine Market share analysis by country, 2019

FIGURE Saudi Arabia Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE United Arab Emirates Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of Middle East & Africa Laser Engraving Machine Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FAQs

The laser engraving machine market is segmented based on product, end user, and region.

The increasing number of stringent government regulations and guidelines for markings on surgical and medical equipment to improve their traceability is also projected to propel the market demand globally.

The Asia- Pacific region dominated the market and is expected to expand over the forecast period.

The key players operating in the global laser engraving machine market includes Han's Laser Technology Industry Group Co., Ltd, Telesis Technologies, Inc., Videojet Technologies, Inc., Trotec Laser GmbH, Epilog Laser, TYKMA Electrox, Inc., MECCO, LaserStar Technologies Corporation, Gravotech Marking, and Sea Force Co., Ltd.