Business models that use laser cutters and engraving are on the rise. Nowadays, entrepreneurs and business owners are increasingly seeking solutions to boost their production capacity, enter new growth markets, or find investment opportunities that offer better profitability for the future.
Business models that technology fit perfectly into this context, and today we will bring you some data to introduce you to this promising market.
The laser cutter and engraving market
The technology not only enhances precision but also provides flexibility for large-scale customisation. From industrial products to personalised items, this technology serves various industries, offering an efficient and reliable solution for companies seeking innovation and high quality in their production processes.
According to Fortune Business Insights, laser engraving machines allow companies and industries to have their logos personalised and engraved on their products, which provides a high level of security, identification, and even intellectual property protection. Furthermore, laser engraving, and cutter techniques enable stock tracking and control, part identification, and loss prevention.
The global growth of the laser engraving, and customisation market was already predicted to exceed $15 billion due to the growing demand for authentic end products and the market requirements for industrial production traceability.
Some factors driving this market include new product launches, greater innovation and technology, increased production speed, efficiency and safety, and increased interest in personalisation.
Key growth areas in laser cutting and engraving services
Some businesses that stand out in this segment are:
- Personalised gift shops.
- Hospital laser marking.
- Industrial laser marking.
- Customisation of objects for events and companies.
- Engraving of metal plates, industrial parts, automotive components, and machinery.
- Cutter and engraving accessories in leather, wood, and other materials.
Here, we will address four business models so that you can better evaluate each opportunity and analyse which might be a good option for you to invest in and grow.
3 Business models using laser cutters and engraving
Industrial laser marking
Many industrial parts and equipment need to be coded, whether for identification, specification, traceability, or safety; the demand is high.
Hospital laser marking
Laser marking is also very important in the medical and hospital sector, both for instrument engraving and the coding and identification of parts and implants. Laser engraving complies with identification standards in accordance with ISO.
Following the growth of the healthcare sector, laser marking also has a wide field of application, especially with innovations and technologies related to the sector.
Personalisation of objects and gifts
We have already mentioned the growing demand for customised, authentic, and representative objects and gifts. Given this, the segment for products made of various materials continues to grow. The efficiency of laser production, increased productivity, and faster delivery times contribute to the increased demand among business owners and entrepreneurs.
Labelling, product information (manufacturing date, batch or serial number), barcodes, QR codes, industrial tags, identification, text, and decorative personalisation are some of the many examples of laser engraving in the industrial sector.
And which sectors demand this service? Engineering, jewellery, décor, fashion, handicrafts, packaging, tools, household utensils, and more.
Furthermore, research from Technavio’s Research indicated that the laser coding and marking equipment segment is expected to reach $1.22 billion by 2026, with a CAGR (Compound Annual Growth Rate) of 6.39% during the forecast period. Therefore, finding the right demand for you can take you far in this market, ensuring profitable business opportunities.
Need Advice Before Purchasing Your Laser Cutting Machine?
If you need expert advice before purchasing your laser cutting equipment or require assistance with maintaining your current machinery, ACRA Machinery is here to help. With 42 years of experience in the sheet metal industry, we offer comprehensive support for machinery sales, repair, and maintenance.
Contact us at 03 9794 6675 or complete our online contact form, and we will get back to you.