Glass engraving machines are used for creating designs by cutting grooves on the surface of glass. A controlling device controls the intensity, direction, and pattern of engraving on the surface. These machines are used for creating art and show pieces usually. Glass engraving machines are segmented by types and end users. Laser engraving machines, mechanical engraving machines, and plasma engraving machines are the types of glass engraving machines.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the glass engraving machine industry attributed to the lockdown in countries worldwide. This has hampered the growth of glass engraving machine market in 2020 and, is likely to revive in 2021.
- COVID-19 has already affected the sales of glass engraving machines in the second and third quarter of 2020 and, is reviving in 2021.
- The major demand for glass engraving machines was previously noticed from countries such as, the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for glass engraving machines.
- Furthermore, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Glass engraving machines manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses, whereas few players adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Glass engraving machines manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Rise in demand for unique and attractive advertisement of products is a key driver in the market growth of glass engraving machines market. It is widely used to engrave the brand logo or manufacturer name in commercial business. Growth in artistic creation is a driving factor in the rise in demand for glass engraving machines. Due to technological advancement, such as use of laser beam for engraving has reduced the operational time of engraving machines, which is likely to surge the demand for commercial business and interior & exterior design business.
Market Trends
- North America and Europe are expecting rise in demand for glass laser engraving machines as it consumes less time in comparison to mechanical and plasma machines.
- Market in China and India are expecting rise in demand due to high demand for lavish infrastructures of shopping malls, club houses, and residence, where glass engraved showpieces are a part of attraction.
- Mechanical glass engraving machines are still being used in glass manufacturing industry due to low cost. However, big players in the market are able to afford the plasma and laser machines despite the high cost.
- Brand Logo printed on the packaging of watch, beer mugs, vine glasses, and alcohol products drives the growth of the glass engraving machines market across the globe.
Key Benefits of the Report
- This study presents the analytical depiction of the glass engraving machines market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the glass engraving machines market share.
- The current market is quantitatively analyzed to highlight the glass engraving machines market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed analysis of the glass engraving machines market based on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
- By Type
- Laser Engraving Machines
- Mechanical Engraving Machines
- Plasma Engraving Machines
- By End User
- Glassware Industry
- Artware Industry
- Advertisement Industry
- By Region
- North America
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Kern Laser Systems
- GCC
- Vytek Laser Systems
- Gravotech, Inc.
- Epilog Laser
- Trotec Laser GmbH
- Universal Laser Systems, Inc.
- Sintec Optronics Pte Ltd
- Wisely Laser Machinery Limited
- LaserStar Technologies Corporation