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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Laser Engraving Machine Market Share
The use of laser engraving machines for advertising and designing drives the market, with the adoption of methods that attract attention, enhance brand visibility, and increase the probability of customer engagement and conversion.
Advertising, including the use of promotional gifts, elevates brand recognition through prominent display of logos and messages on diverse surfaces, attracting attention, allowing personalization, ensuring brand uniformity, delivering cost-efficiency, and ensuring prolonged exposure for businesses.
Laser engraving machines provide material versatility, precision in intricate designs, personalization capabilities, durability, and eco-friendly benefits, catering to growing demands for customization in multiple industries.
Based on product type, fibre lasers are a significant contributor to the laser engraving machine market revenue. Their durability and low maintenance requirements lead to decreased downtime and enhanced business productivity.
Fibre lasers demonstrate exceptional power efficiency by economically converting input energy into laser output. They exhibit versatility across various materials, including metals and plastics, making them well-suited for applications in automotive, aerospace, and electronics industries.
Diode lasers feature a compact and lightweight design, making them ideal for small-scale engraving systems or handheld devices. They offer energy efficiency, cost-effectiveness, and high engraving speeds, making them suitable for portable applications with reduced operating costs and accelerated production cycles.
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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124