Global Laser Engraving Equipment Market Size By Type (Direct Laser Engraving To Plate, Direct Laser Engraving To Roller), By Application (Decorative Printing, Publication Printing), By Geographic Scope And Forecast

Laser Engraving Equipment Market Size And Forecast

Laser Engraving Equipment Market size was valued at USD 1,736.70 Million in 2023 and is projected to reach USD 2,960.53 Million by 2030, growing at a CAGR of 7.04% from 2024 to 2030.

Growing adoption of laser engraving in the automotive and aerospace industries and increasing use of laser engraving process in healthcare industry are the factors driving market growth. The Global Laser Engraving Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Laser Engraving Equipment Market Definition

Laser engraving machines are used in industries to imprint personalized information onto the surfaces of manufactured products. The process is adaptable and swift, allowing for engraving on diverse surfaces like glass, stone, plastic, coated or uncoated metals, and wood. The versatility of laser engraving machines offers customized solutions, incorporating heightened safety measures and safeguarding intellectual property. Laser engraving equipment is used in various sectors in specific waysCO₂ lasers excel in engraving alphanumeric codes such as part labels, numbers, batch identifications, and branding.

Laser engraving and marking systems utilize lasers to mark various materials with high precision and accuracy. These technologies have found widespread applications across numerous industries due to their ability to create detailed and permanent markings on multiple surfaces. The capability of lasers to engrave or mark a wide range of materials, including metals, plastics, glass, wood, ceramics, and more, has made these systems highly versatile.

Global Laser Engraving Equipment Market Overview

The trend towards increased automation and Industry 4.0 practices in manufacturing is boosting the adoption of laser engraving in these industries. Laser engraving equipment can seamlessly integrate into automated production lines, offering a rapid and efficient solution for marking components. This integration aligns with the automotive and aerospace industries’ goals of improving production efficiency, reducing errors, and ensuring consistent quality. Moreover, the increasing trend of personalized medicines requires customized medical devices that requires laser engraving to engrave patient information and specifications. Laser engraving is a non-contact and highly controlled method of marking materials. This is advantageous in the manufacturing of medical devices as it minimizes the risk of contamination and damage to sensitive components. The ability to engrave without physical contact ensures the integrity of the medical devices, meeting the high standards of hygiene and safety necessary in healthcare settings.

In addition, the Laser Engraving Equipment Market will grow in emerging markets, driven by rising industrialization and manufacturing activities. Also, expanding and penetrating new markets opportunities for companies to expand their customer base. With the increasing use of laser technology and high-speed machines, it’s now possible to apply images and inscriptions onto various materials. These materials span ceramics, glass, wood, plastic, and metal. Advancements in etching technologies continually evolve, offering consumers expanded possibilities and flawless application methods. Thus, high-speed CO2 laser engraving equipment can imprint images on coated metal and wood with remarkable precision and efficiency.

Global Laser Engraving Equipment MarketSegmentation Analysis

The Global Laser Engraving Equipment Market is segmented on the basis of Type, Application, and Geography.

Laser Engraving Equipment Market, by Type

• Direct Laser Engraving To Plate
• Direct Laser Engraving To Roller

Based on Type, the market is segmented into Direct Laser Engraving To Plate and Direct Laser Engraving To Roller. Direct Laser Engraving to Plate is expected to dominated the Laser Engraving Equipment Market over the forecast period. The direct laser engraving (DLE) to plate has emerged as an innovative technology in the Global Laser Engraving Equipment Market, offering precise and high-resolution results on a variety of materials. It eliminates the use of hazardous photo materials and chemicals, producing only safe burned-down powder or dust as waste. DLE contributes to efficient printing processes, giving a cost-effective and environmentally responsible alternative for enterprises seeking superior quality output.

Laser Engraving Equipment Market, By Application

• Passenger Packaging And Label Printing
• Decorative Printing
• Publication Printing
• Security Printing
• Others

Based on Application, the market is segmented into Passenger Packaging And Label Printing, Decorative Printing, Publication Printing, Security Printing, and Others. Passenger Packaging and Label Printing is expected to dominated the Laser Engraving Equipment Market over the forecast period. The use of laser engraving equipment in packaging and label printing is a significant and rapidly growing segment of the global market. Laser technology offers the precise and fine detailing of designs, patterns, and information on packing materials and labels. This is essential for industries looking to improve product aesthetics, increase brand visibility, and assure compliance with regulations. Laser engraving’s efficiency and speed greatly contribute to the manufacturing of high-quality, visually appealing packaging and labels that meet the changing demands of varied consumer markets.

Laser Engraving Equipment Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East And Africa
• Latin America

Based on Geography, the Global Laser Engraving Equipment Market is segmented into North America, Europe, Asia Pacific, Middle East And Africa, and Latin America. Asia Pacific accounted for the largest market share and is projected to grow at a rapid rate during the forecast period. The Laser Engraving Equipment Market is anticipated to be propelled by expanding industries like automobile manufacturing, electronics manufacturing, and packaging in emerging economies such as India and China within the Asia Pacific region. The region’s economic dynamism, coupled with the continuous modernization of manufacturing practices, positions Asia Pacific as a key player in the laser marking equipment market. As industries in this region increasingly prioritize innovation and efficiency, the demand for high-precision marking solutions is expected to drive substantial market growth, making the Asia Pacific a focal point for the expansion of the laser marking equipment market.

Key Players

The “Global Laser Engraving Equipment Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are SPGPrints, Sahajanand Laser Technology Limited, HELL Gravure Systems GmbH & Co. KG, Markolaser, Lead lasers B.V., Applied Laser Engineering, Heliograph Holding, LC Lasers, BRM Lasers, and GCC.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Sahajanand Laser Technology Limited, SLTL Group Introduced Cutting-Edge IoT-Enabled CNC Metal Laser Cutting-Marking Machine at ACMEE 2023. SLTL Group presented its high-power CNC metal laser cutting machine which is designed to deliver exceptional precision, speed, and efficiency in metal cutting operations.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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