Global Laser Engraving Machine Market

Laser Engraving Machine Market Size, Share, Growth Analysis, By Type (CO2 laser, Fiber laser), By Application (Automotive, Aerospace) By Region - Industry Forecast 2025-2032


Report ID: SQSG20I2007 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 68 | Figures: 75

Laser Engraving Machine Market Dynamics

Laser Engraving Machine Market Driver

  • The need for deep engraving and one-of-a-kind device identification is anticipated to increase in the manufacturing process due to the need for traceability, internal control, production flow management, and certification of item quality. Automation is a key trend for laser engraving machines, facilitating the mass production of laser products. The ease and scalability of automation is expected to drive the laser engraving machine market growth across the globe. These marks require less time to apply and do not fade even when heat and strong chemicals are exposed, especially when produced by fiber laser equipment. As a consequence, it is anticipated that increasing demand for these machines in the military and electronics sectors would propel market expansion during the course of the projected period.
  • Global product demand is anticipated to expand as a result of the increasing number of strict government regulations and recommendations for marking surgical and medical equipment to improve their traceability. Additionally, there has been an increase in demand for leather goods that may be personalized, such as leather jewelry, purses, and handbags, with monogrammed initials and names being among the most popular additions. Therefore, over the projection period, market demand from these industries is anticipated to propel the expansion of engraving technologies like laser marking systems.
  • The availability of compact and safe laser engraving machines that do not require specialised knowledge for operations and also At a reasonable cost, consumers can purchase and use simple laser engraving machines for home use in arts and crafts, leather, and apparel. These factors will help to enhance their traceability, the market demand for laser engraving machines is expected to bolster over the coming years.

Laser Engraving Machine Market Restraint

  • In order to engrave various kinds of information on their goods, several producers from a range of industrial sectors are using laser marking devices. Manufacturers can lower their long-term production costs by utilizing laser marking devices. However, a laser marking machine has a high initial implementation cost, which discourages many small and medium-sized businesses from using it.
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Laser Engraving Machine Market size was valued at USD 3.02 Billion in 2023 and is poised to grow from USD 3.27 Billion in 2024 to USD 5.84 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).

The global laser engraving machine market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, etc., are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. For example, The Jasper Flex, a new femtosecond laser device from Sintech Optronics, has recently been unveiled. The cutting-edge Jasper Flex is designed for systems with volume restrictions that demand high laser power and exceptional pulse quality. It has a maximum power of 30W. The Jasper Flex is a scaled-down version of the original Jasper laser, the first all-fiber high-power laser created without the need for SESAM. This innovative model offers consumers an unmatched level of dependability and longevity. 'Universal Laser Systems (USA) ', 'Trotec Laser GmbH (Austria) ', 'Epilog Laser (USA) ', 'LaserStar Technologies Corporation (USA) ', 'Sintec Optronics (Singapore) ', 'Gravotech (Gravograph) (France) ', 'Kern Laser Systems (USA) ', 'Vytek Laser Systems (USA) ', 'GCC (Gulf Coast Converters) (Taiwan) ', 'Wisely Laser Machinery (China) ', 'KAITIAN LASER (China) ', 'Perfect Laser Co., Ltd. (China) ', 'Han's Laser Technology (China) ', 'OmTech Laser (USA) ', 'Thunder Laser (China) ', 'Aeon Laser (China) ', 'Lotus Laser Systems (UK) ', 'Boss Laser (USA) ', 'Full Spectrum Laser (FSLaser) (USA) ', 'Preenex Laser Systems (USA)'

The need for deep engraving and one-of-a-kind device identification is anticipated to increase in the manufacturing process due to the need for traceability, internal control, production flow management, and certification of item quality. Automation is a key trend for laser engraving machines, facilitating the mass production of laser products. The ease and scalability of automation is expected to drive the laser engraving machine market growth across the globe. These marks require less time to apply and do not fade even when heat and strong chemicals are exposed, especially when produced by fiber laser equipment. As a consequence, it is anticipated that increasing demand for these machines in the military and electronics sectors would propel market expansion during the course of the projected period.

Laser engraving machines have become an essential tool in inventory management and control, part identification, and loss prevention as they provide easily traceable marking on items. The expansion of the laser engraving market globally is also being aided by new applications in industries including garment shops, digital & retail signage, fabric shops, gadget & sports equipment, metallurgy, model building, and woodworking.

In 2021, the North American region had the biggest market share, accounting for 40.2%. The United States and Canada are the two most important nations in North America. The demand for laser engraving machines is increasing in these countries due to strict government regulations for medical engraving equipment, surgical equipment, and other things. The participation of major vendors in the laser engraving machine market, such as IPG Photonics Corporation, is anticipated to drive the market expansion in the North American region by the end of 2028.

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Global Laser Engraving Machine Market

Report ID: SQSG20I2007

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