About Engraving Machines
Engravers are the systems that are used to cut or carve MDF, acrylic, paper, fabric, leather, jewelry and much more. The engraving machine is a small copying-milling machine with a pantograph, carrying a cutting instrument such as cutter or graver, which cuts the stamps, impressions, and figures on machined parts. An engraving machine is used in polygraphy to make zincographic stereotypes. As compared to the traditional methods, laser engraving is a fast process enabling the user to engrave even the most complex designs with ease.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Engraving Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Roland DGA (Japan), Supersoar Machinery co., ltd. (China), Gravotech Marking (India), Able Engraving (United Kingdom), Newing-Hall (United States), KP Rayner (United Kingdom), Pepetools (United States), DATRON AG (Germany), Trotec (Austria), Universal Laser Systems (United States) and Epilog Laser (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Laserstar Technologies (United States), Kern Laser Systems (United States) and Vytek Laser Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Engraving Machines market by Type (Laser Engraving Machine [CO2, DIY, Portable, Fiber], Metal Engraving Machines [CNC] and Dot Peen Engraver), Application (Metals, Gemstones & Stones, Plastic, Fabric, Paper and Others [Acrylic, Glass, Leather]) and Region.
On the basis of geography, the market of Engraving Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Industries, the sub-segment i.e. Construction Industry will boost the Engraving Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Laser engraving has been on an upward climb for many years. The demand for laser engraving is up surging because the people in the field of personalization are realizing that a laser provides an exceptional opportunity to increase productivity, and the companies can expand product lines.
Market Growth Drivers:
Growing Demand for Efficiency in Manufacturing Companies and Increasing Demand from End-Use Industries
Challenges:
High Cost Related to the Price of Engraving Machines and Technical Difficulty of Engraving Machines is high
Restraints:
Processing Speed of Engraving Machines is Slow
Opportunities:
Technological Advancement in Engraving Machines
Market Leaders and their expansionary development strategies
In April 2023, HardDrive, the fastest-growing nationwide delivery system of American V-Twin products, is partnering with Hofmann Designs and Custom Engraving LTD, industry-leading V-Twin manufacturers to round off HardDrive’s ever-growing product portfolio. HardDrive is showcasing its most extensive product line yet in celebration of its 10th anniversary.
In November 2023, The company has launched a new product RAY5 5W Laser to innovate the landscape of digital fabrication. The company was founded in 2016 by Dr. Lao from the Georgia Institute of Technology and Dr. He from the Massachusetts Institute of Technology.
Key Target Audience
Manufacturers of Engraving Machines, Suppliers of Engraving Machines, Wholesalers, Distributors and Retailers of Engraving Machines, Automobile Industry, Manufacturing Industry, Construction Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.