Laser Engraving Machine Market Size to Increase by USD 511.91 Million, Increasing Applications of Laser Engraving to Drive Growth

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The "Laser Engraving Machine Market by Type and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's latest offerings. The market size is expected to increase by USD 511.91 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.18% during the forecast period. Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Market Dynamics

The increasing applications of laser engraving in multiple industries is a key trend in the market. Laser engraving systems are used in various industries and establishments. In the future, these systems might be used as an additional security layer in 3D printing, robotics, and the automotive industries. These factors are expected to attract market vendors to manufacture such systems, which will fuel market growth during the forecast period.

The growing application of laser technology and engraving in the apparel industry will be a key trend in the market. Laser technology is used in various manufacturing processes for apparel, such as engraving, embossing, and denim fading. The use of laser science lowers the chances of damage to products. Such factors are expected to boost the demand for laser engraving systems, which will escalate the growth of the global laser engraving machine market during the forecast period.

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Vendor Landscape

The market is fragmented due to the presence of multiple established players. The key players compete based on factors such as price, quality, brand, and variety. Different companies adopt different marketing strategies to increase their market share. The acquisition of new brands and several partnerships will provide an opportunity for leading competitors to maintain their dominance in the market during the forecast period. Many global players are expected to expand their presence worldwide during the forecast period. Competition among key players will lead to the introduction of innovative ways of manufacturing laser engraving systems.

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Market Segmentation

By type, the market is classified into fiber laser machines, gas laser machines, and others. The fiber laser machines segment will be a significant contributor to market growth during the forecast period. Fiber laser machines incorporate optical fiber as an active gain medium to transfer the laser light from the source to the destination.

By geography, the market is classified into APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market. 41% of the market's growth will originate from APAC during the forecast period. The increasing applications of engraving systems in multiple industries will drive market growth in the region over the forecast period.

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Company Profiles

The laser engraving machine market report provides complete insights on key vendors including ACSYS Lasertechnik GmbH, Coherent Inc., eurolaser GmbH, Epilog Corp., GCC, Gravotech Marking SAS, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., Kern Laser Systems, Laserstar Technologies Corp., Mecco, Panasonic Holdings Corp., RMI Laser LLC, Sintec Optronics Pte Ltd., Telesis Technologies Inc., TroGroup GmbH, TYKMA Electrox Inc., Universal Laser Systems Inc., Vytek Laser Systems, Wisely Laser Machinery Ltd., and Videojet Technologies Inc.

Competitive Analysis

The competitive scenario provided in the laser engraving machine market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

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Laser Engraving Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.18%

Market growth 2022-2026

USD 511.91 million

Market structure

Fragmented

YoY growth (%)

6.96

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ACSYS Lasertechnik GmbH, Coherent Inc., eurolaser GmbH, Epilog Corp., GCC, Gravotech Marking SAS, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., Kern Laser Systems, Laserstar Technologies Corp., Mecco, Panasonic Holdings Corp., RMI Laser LLC, Sintec Optronics Pte Ltd., Telesis Technologies Inc., TroGroup GmbH, TYKMA Electrox Inc., Universal Laser Systems Inc., Vytek Laser Systems , Wisely Laser Machinery Ltd., and Videojet Technologies Inc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Type

5.1 Market segments

5.2 Comparison by Type

5.3 Fiber laser machines - Market size and forecast 2021-2026

5.4 Gas laser machine - Market size and forecast 2021-2026

5.5 Others - Market size and forecast 2021-2026

5.6 Market opportunity by Type

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic Landscape

7.1 Geographic segmentation

7.2 Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

7.4 Europe - Market size and forecast 2021-2026

7.5 North America - Market size and forecast 2021-2026

7.6 South America - Market size and forecast 2021-2026

7.7 Middle East and Africa - Market size and forecast 2021-2026

7.8 China - Market size and forecast 2021-2026

7.9 US - Market size and forecast 2021-2026

7.10 India - Market size and forecast 2021-2026

7.11 Germany - Market size and forecast 2021-2026

7.12 Japan - Market size and forecast 2021-2026

7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 Epilog Corp.

10.4 GCC

10.5 Gravotech Marking SAS

10.6 Kern Laser Systems

10.7 Laserstar Technologies Corp.

10.8 Sintec Optronics Pte Ltd.

10.9 TroGroup GmbH

10.10 Universal Laser Systems Inc.

10.11 Vytek Laser Systems

10.12 Wisely Laser Machinery Ltd.

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

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Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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