Authored By: Sarah
11 Jul 2024

 Laser Engraving Machine Market Size to grow by USD 502.8 million between 2024-2028

According to a research report “ Laser Engraving Machine Market” by Type (Fiber laser machines, Gas laser machines, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 502.8 million, at a CAGR of  7.08% during the forecast period. In today's business landscape, the drive towards automation and maintaining high standards of quality is a significant trend, fueled by globalization and population growth. This trend is positively impacting the global laser engraving machine market, particularly in industries seeking permanent identification solutions. Laser engraving systems have gained significant traction, with applications extending beyond small businesses. The identification security segment, encompassing credit cards, identity cards, sensitive documents, and other safety-critical items, is a major growth driver. Market competitors are responding to this demand by offering advanced laser engraving systems to help businesses differentiate between authentic and counterfeit products, thereby enhancing brand protection and consumer trust.

Browse market data tables, figures, and in-depth TOC on “Laser Engraving Machine Market” by Type (Fiber laser machines, Gas laser machines, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Fiber laser machines segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the realm of advanced manufacturing technologies, fiber laser engraving machines have emerged as a game-changer. These machines utilize optical fibers as the active gain medium to transfer laser light from the source to the workpiece. The fiber is infused with ions such as praseodymium, neodymium, erbium, dysprosium, thulium, holmium, and ytterbium, which are excited by a diode laser. The resulting fine laser beam produces high-quality codes and marks on various materials, including metals, rubber, plastics, and packaging foils. Fiber lasers offer the versatility to engrave intricate designs on small components or large-scale information on small areas, making them an indispensable tool for businesses seeking precision and durability in their marking solutions.

APAC is forecasted to hold the largest market size by region in 2024

The laser engraving machine market represents a significant growth opportunity for businesses seeking to invest in advanced manufacturing technologies. These machines offer high precision, flexibility, and efficiency in creating intricate designs and text on various materials. Key market drivers include increasing demand for customized products, expanding applications in industries such as automotive, electronics, and aerospace, and continuous technological advancements. Businesses looking to stay competitive and meet evolving customer demands should consider investing in laser engraving machines.

The Laser Engraving Machine Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ACSYS Lasertechnik GmbH
  • Coherent Inc.
  • Epilog Corp.
  • eurolaser GmbH
  • 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.
  • Videojet Technologies
  • Vytek Laser Systems
  • Wisely Laser Machinery Ltd.
.

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Research Analysis Overview

The Laser Engraving Machine market is witnessing significant growth in various industrial sectors due to its digital capabilities and versatility. These machines are increasingly being adopted by apparel shops for loss prevention and customized branding on clothes, as well as in industrial settings for part identification, inventory tracking, and control. Laser engraving offers several advantages over traditional marking methods, such as the ability to engrave alphanumeric codes, bar codes, and even complex logos and designs on a wide range of materials including wood, metals, plastic, stone, and glass. In industrial applications, laser engraving is used as a safety measure for marking batch numbers, part numbers, and part labels, ensuring traceability and quality control. It is also used for intellectual property protection, as it allows for the permanent marking of specific terms and symbols that indicate ownership or licensing agreements. Moreover, laser engraving machines offer high precision and customization, making them ideal for industrial machine tools and industrial engraving applications. They can mark intricate designs and complex patterns, making them a valuable addition to any manufacturing process. Overall, the laser engraving machine market is expected to continue its growth trajectory, driven by the increasing demand for customization, traceability, and quality control across various industries.

Market Research Overview

The Laser Engraving Machine market encompasses various industries, including woodworking, model making, metal working, sports equipment, gadgets, fabric shops, retail signage, and more. These machines use high-powered lasers to work on authentic end-products, delivering high quality results on metals, wood, plastics, stone, glass, and other surfaces. In the industrial sectors, laser processing plays a crucial role in manufacturing, with applications ranging from part identification and inventory tracking to intellectual property protection through the engraving of logos, brand names, batch numbers, and alphanumeric codes on motherboards, electronic chips, semiconductors, and micro materials. Diode engraving lasers are popular for micro material engraving and bar code marking, while safety measures such as loss prevention and control are essential considerations. The market continues to evolve, with digital technologies enabling customized information and specific terms like part labels, logo branding, and batch numbers to be easily incorporated into the engraving process.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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