CHINA, November 15, 2022 "Laser Engraving Machine Market by Type and Geography - Forecast and Analysis 2022-2026" Added by HTPOW.
The size of laser engraving machines is expected to increase by $511.91 million from 2021 to 2026.
Moreover, the market’s growth momentum will accelerate at a CAGR of 7.18% during the forecast period. Most of the laser engraving machine formula will achieve rapid development.
Market dynamics
The increasing application of laser engraver in multiple industries is the main trend of the market. Laser engraving systems are used in a variety of industries and institutions. In the future, these systems may be used as an additional layer of safety in the 3D printing, robotics and automotive industries. These factors are expected to attract market vendors to manufacture such systems, which is expected to drive market growth over the forecast period. According to the rising trend in the industry, Ortur Laser Master 3 sold 3 times more than the previous generation Ortur Laser Master 2 this year.
The application of laser engraving technology in the clothing industry will become the main trend of the market. Laser technology is used in various manufacturing processes for garments such as engraving, embossing and denim fading. The use of laser science reduces the chance of product damage. These factors are expected to drive the demand for laser engraving systems, which will accelerate the growth of the global laser engraving machine market over the forecast period.
The report identifies key trends, drivers and challenges that will help suppliers improve their strategies to stay ahead of competitors. Buy now for detailed information on market dynamics
Supplier landscape
The market is fragmented due to the presence of multiple established players. Major players compete based on factors such as price, quality, brand and variety. Different companies employ different marketing strategies to increase their market share. The acquisition of new brands and multiple partnerships will provide opportunities for leading competitors to maintain their dominance in the market during the forecast period. Many global players are expected to expand their global presence during the forecast period. Competition among major players will lead to the introduction of innovative methods of manufacturing laser engraving systems.
Market Segmentation
By type, the market is segmented into fiber laser machines, gas laser machines, and others. The fiber laser machine segment will be a significant contributor to the market growth during the forecast period. Fiber laser machines use optical fiber as the active gain medium to transmit the laser light from the source to the destination.
By geography, the market is segmented into Asia Pacific, Europe, North America, South America, Middle East and Africa. Asia Pacific will have the largest market share. During the forecast period, 41% of the market growth will come from the Asia Pacific region. The increasing application of engraving systems across several industries will drive the market growth in this region over the forecast period.
Company Profile
The Laser Engraving Machines Market report provides complete insights into key vendors including LaserPecker, Ortur, xTool, Atomstack, Sculpfun, Vytek Laser Systems, Wisely Laser Machinery Ltd., and Videojet Technologies Inc, among others.
Competition Analysis
The competitive scenario presented in the Laser Engraving Machine Market report analyzes, evaluates, and positions the company based on various performance metrics. Some of the factors considered in this analysis include the company's financial performance over the past few years, growth strategies, product innovations, new product launches, investments, market share gains, and more.
Related Reports
Laser Projection Market by Product Type and Geography - Forecast and Analysis 2022-2026: From 2021 to 2026, the laser projection market share is expected to increase by USD 7 billion, and the market growth momentum will accelerate at a CAGR of 17.6% . Furthermore, this report broadly covers the laser projection market segmentation by type (laser projector and CAD laser projection) and geography (North America, Europe, Asia Pacific, South America, Middle East & Africa).
Robotic Laser Cutting Market by End User and Geography - Forecast and Analysis 2022-2026: Robotic Laser Cutting Market Share is Expected to Increase by USD 127.47 million from 2021 to 2026, with Market Momentum to Grow at a CAGR of 14.61% Rate acceleration. Furthermore, this report broadly covers market segmentation by end user (automotive industry, metals industry, aerospace industry, etc.) and geographic regions (Asia Pacific, Europe, North America, South America, Middle East & Africa).
About Us
HTPOW is the world's leading laser technology research and consulting company. Research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. HTPOW cooperates with many famous laser engraving machine brands to bring the best laser engraving machine and the best price to users.
.jpg)
