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

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. Fiber Laser Marking

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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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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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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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.

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.

Laser Projection Market by Product type and Geography - Forecast and Analysis 2022-2026: The laser projection market share is expected to increase by USD 7 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.6%. Furthermore, this report extensively covers the laser projection market segmentation by type (laser projector and CAD laser projection) and geography (North America , Europe , APAC, South America , and the Middle East and Africa ).

Robotic Laser Cutting Market by End-user and Geography - Forecast and Analysis 2022-2026: The robotic laser cutting market share is expected to increase by USD 127.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.61%. Furthermore, this report extensively covers market segmentation by end-user (automotive industry, metal industry, aerospace industry, and others) and geography (APAC, Europe , North America , South America , and Middle East and Africa ).

Laser Engraving Machine Market Scope

Accelerate at a CAGR of 7.18%

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

US, China, India, Japan, and Germany

Leading companies, competitive strategies, consumer engagement scope

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

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.

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3.4 Market outlook: Forecast for 2021-2026

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

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

8.3 Impact of drivers and challenges

11.3 Currency conversion rates for US$

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