Laser Engraving Machine Market Updates

Laser Engraving Machine Market size was valued at USD 3.02 Billion in 2023 and is poised to grow from USD 3.27 Billion in 2024 to USD 5.84 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).

'Universal Laser Systems (USA) ', 'Trotec Laser GmbH (Austria) ', 'Epilog Laser (USA) ', 'LaserStar Technologies Corporation (USA) ', 'Sintec Optronics (Singapore) ', 'Gravotech (Gravograph) (France) ', 'Kern Laser Systems (USA) ', 'Vytek Laser Systems (USA) ', 'GCC (Gulf Coast Converters) (Taiwan) ', 'Wisely Laser Machinery (China) ', 'KAITIAN LASER (China) ', 'Perfect Laser Co., Ltd. (China) ', 'Han's Laser Technology (China) ', 'OmTech Laser (USA) ', 'Thunder Laser (China) ', 'Aeon Laser (China) ', 'Lotus Laser Systems (UK) ', 'Boss Laser (USA) ', 'Full Spectrum Laser (FSLaser) (USA) ', 'Preenex Laser Systems (USA)'

The need for deep engraving and one-of-a-kind device identification is anticipated to increase in the manufacturing process due to the need for traceability, internal control, production flow management, and certification of item quality. Automation is a key trend for laser engraving machines, facilitating the mass production of laser products. The ease and scalability of automation is expected to drive the laser engraving machine market growth across the globe. These marks require less time to apply and do not fade even when heat and strong chemicals are exposed, especially when produced by fiber laser equipment. As a consequence, it is anticipated that increasing demand for these machines in the military and electronics sectors would propel market expansion during the course of the projected period.

Laser engraving machines have become an essential tool in inventory management and control, part identification, and loss prevention as they provide easily traceable marking on items. The expansion of the laser engraving market globally is also being aided by new applications in industries including garment shops, digital & retail signage, fabric shops, gadget & sports equipment, metallurgy, model building, and woodworking.

In 2021, the North American region had the biggest market share, accounting for 40.2%. The United States and Canada are the two most important nations in North America. The demand for laser engraving machines is increasing in these countries due to strict government regulations for medical engraving equipment, surgical equipment, and other things. The participation of major vendors in the laser engraving machine market, such as IPG Photonics Corporation, is anticipated to drive the market expansion in the North American region by the end of 2028.