Over the five years to 2019, the Engraving Services industry has experienced robust growth. Per capita disposable income has increased steadily during the period due to falling unemployment. As disposable income has increased, consumers have been more willing to increase spending on discretionary services to customize the products they purchased. As disposable income has increased during the period, manufacturing output has increased in turn, creating more demand for engraving services. Over the next five years to 2024, revenue is expected to continue increasing. Per capita disposable income is expected to display strong growth; as a result, consumers will continue to spend on discretionary services such as those provided by the industry. Manufacturing output will continue to increase, which will spur demand from consumer product and material processing companies.
This industry engraves designs, numbers or text on a broad range of surfaces (e.g. plaques, trophies, invitations, firearms, electronics, laptops and industrial ID tags) for consumers and businesses. Services include laser engraving, reverse engraving and other engraving techniques.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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