CNC router is one of those innovations and examples of technology advancement that has not only produced ease of doing work and precision. It wouldn’t be enough to mention their uses and applications since they are present in almost every field of industry that requires doing work on metals or other materials.
In this article, you’ll get the ultimate guide about the CNC router and engraving market trends, so you’ll perceive what is best to buy for your business.
The engraving industry is one of those beneficiaries that has brought a new meaning to the art of transferring information on products. As much as the engraving industry has benefited from CNC routers, it is important and needy to know the market trends.
As an engraving machine manufacturer, you need to know the requirements of your customer. With that being said, you need to know about the right type of CNC routers to be used when you define the application of your machine.
Moreover, it is very critical to know the new innovations in the market. Because if you don’t pace up, you lose your market. It is essential to know the global market trends and the innovations related to your field so that you always progress and are never left behind.
CNC Router for Engraving Market Report 2021
In that regard, CNC Routers for Engraving Market Report 2021 is something that can give you a heads up on the latest market trends with all the crucial stats and figures as well.
It contains data that can prove to be a good resource for the data analysts and marketers working for firms that manufacture engraving machines that employ CNC routers.
It not only briefs you about the trends but also gives you an insight into challenges that you might be facing as part of this industry. The graphical explanations and tabular data have been presented thoroughly well and can give a true picture of the requirement.
As the data suggests, the global market of CNC is expected to bring in 18k USD for the time slot of 2016 to 2022. In these six years, the compound annual growth rate also known as CAGR would be seen at 5.5 percent.
On one hand, there is a forecast of an increase in demand for production facilities. These production facilities are comprised of automobiles being the biggest, intelligence, electronics, military defence and the subsidiaries.
On other hand, the growth is forecasted to shrink because of the high cost of maintenance and after-sales services. Given both of these pros and cons, the application of CNC engraving machines is expected to increase because of the increase in the relevant audience.
Due to an increase in production numbers, the overall cost of production is expected to reduce as it would get divided among the numbers produced.
Applications of CNC
The major application of CNC routers is engraving on wooden and metallic surfaces because of their accuracy, precision, and ease of operation in industries like industrial machinery, mining, automobile, healthcare, and steel mills.
Due to the variety of needs, industrial machinery sees itself as the major user of the CNC engraving machines. Applications like metal cutting, pipe cutting, welding preparations, identification, and tagging, etc.
Healthcare is another major beneficiary, employs CNC machines for operations like machining transplants and their constituents, identification, and tagging of healthcare equipment for compliance to rules and regulations.
The automobile sector uses CNC machines for various machining operations that require high precision, identification, and engraving of chassis and engines for compliance to laws, etc.
The major players of CNC around the globe include GSK CNC Equipment, Mondragon Corporation, Siemens, Mitsubishi Electric Corporation, GmbH, Fanuc Corporation, Bosch Rexroth AG, Soft Servo Systems, and Heidenhain.
The CNC market across the globe is basically based on the type of machine tool, geography, and industry verticals. If we take a look at the first segment i.e. machine tool type, we see various types including lathes, mills, engravers, drill presses, welding machines, and plasma cutters.
Industry verticals are categorized on the basis of military and air force defense, healthcare, industrial machinery, electronics, and automobile. Other industrial verticals include mining, the metal industry, transportation and logistics, and consumer goods.
The region segment divides into Europe, North America, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The forecast is that Europe will see the most increase in CAGR of 5.8% during the tenure of 2016-2022 when it comes to bringing up the regional leader of CNC market.
The tech industry of CNC has matured to a significant deal. Having said that, the technical level of some manufacturers fluctuates and they sometimes end up hitting a dead end of technology.
Any computer numeric controlled machine manufacturer needs to have a foresight of the design trends and the technology that can cope up with that. Let us take you on a simple tour of the current trends in the market.
Quality and Refinement
Although the CNC machines are capable of doing whatever a human hand can do but still, it depends on the making of the machine. If the machine doesn’t engrave with precision, accuracy, and refinement, it is not a good alternative to manual machining.
Every machine should be compliant with strict quality standards and testing. It is the responsibility of the manufacturer to make sure the machine achieves the required quality desired by the customer.
You wouldn’t believe this but eyes are the best judge of anything. Even if the machine is robust and very efficient, people tend to look for machines that are good in aesthetics. The finishing of the machine tells the whole story of the hard work of the employees.
Chances are that if a customer spots some finishing or aesthetical problems in a machine, he wouldn’t trust it’s working no matter how good. It must be made sure that the current designs of your machines are appealing to your audience and they give their attention to its details.
If the machine can do great tasks but is not practical enough, chances are that the customer will get annoyed and will move towards a better investment. Word of mouth spreads easily. If you are unable to satisfy one customer, you are actually losing a hundred more customers in the market to whom he had talked about your machine.
Make sure that the machine is practical, easy to use, comes with all the accessories and supplies that make it easier for the customer to carry out his job, and that too with satisfaction.
Customization is a trend that has almost struck every industry in the world. People want customized machines or products that are well suited for their job. Gone are those days when the manufacturer ruled the market by boasting about his own designs.
If you can’t give an option of customization to your customers, you are losing almost half of the market. Think with the mindset of your customer and amend your production and designing philosophies accordingly.
Technology Innovation Trends
Let’s talk about technology innovation trends that have changed the CNC engraving machine industry. Back in old times, dot peen engraving machines or electrochemical etching were the first choices for engraving marking.
All of these machines served their purpose with full devotion but the latest trend in industry engraving is fiber laser engraving technology.
Fiber laser engraving machines employ laser diodes and in some cases fiber lasers as well. This optically driven technology uses fiber components. Sometimes these fiber components are used in bulk while other times, a coupled system in combination with external bulk optics is used.
Current Laser Engraving Market Situation:
Although, the current figures would suggest that fiber laser engraving machines are not the market leaders. Yes, it is true. Only because of the fact that the engraving machines that employ CO2 or inert gases are more abundant in the market.
Due to their abundance, they had been in the industries for a long. But, this doesn’t necessarily mean that this latest tech innovation called fiber laser engraver is any less of a competitor.
As people are getting awareness about the pros of fiber laser engraving machines and the cons of other techniques, the increase in demand can be thoroughly seen. Fiber Laser engraving machines are versatile and that is why they will rise exponentially in the industry.
Let’s have a brief insight into the advantages of fiber laser CNC engraving machines over the rest.
Advantages of Fiber Laser
- Fiber laser machines are more compact and smaller in size as compared to their competitor technologies which make them versatile and a go-to option.
- The variety of substrates that can be worked upon using fiber laser is so vast. It can engrave on metals, plastics, ceramics, etc. These machines perform really well on surfaces that are hard and reflective.
- These machines are sturdy and robust thus making them adaptable to every environment.
- The operating cost is very less.
- No heat emissions due to highly efficient cooling systems.
- High accuracy with high speed.
Diversity of Innovation
The fiber laser technologies, according to the report of IDTechEx in 2018, are coming up in four different segments of the industry which are material processing, sensing, general category, and healthcare.
Let’s discuss the market structure and growth of these fiber laser technologies. The major chunk of growth of fiber laser technologies will depend on the diversity of the new machines.
Fiber laser technologies can make breakthroughs where the cost cuttings are in trend. The share of laser equipment along with CNC routers is surging worldwide. The global market for lasers alone climbed from 2.63 billion USD in 2014 to 4.59 billion USD in 2018.
The compound annual growth rate of this surge comes out to be 14.9 percent. Also, in the period of 2019-2025, the expected CAGR is in the range of 6 to 8 percent.
China has been the biggest example of such markets where laser business has peaked because of the political support. This political support gave rise to innovation. The market of lasers has shown an improved growth rate of 9%.
If we look around the globe, the top 5 manufacturers of laser technologies shared a combined percentage of 72.6% in 2018. IPG comes at the first spot with a market share of about 27 percent if we break it down.
After IPG, TRUMPF of Germany with 18 percent market share. Lastly, the Chinese Fiber Laser equipment giant, Wuhan Raycus Fiber Laser Technologies, has managed to secure 4.4 percent shares.
Some of the big shots in the fiber laser industry are IPG, Trumpf, Coherent, Heatsign, and Wuhan Raycus. Although we have almost discussed every name above but Heatsign.
However, it is safe to say that it is worth mentioning. Heatsign is a Chinese company that is an expert in manufacturing fiber laser engraving equipment. These products are practical in nature. They also manufacture dot peen engravers and handheld printers as well.
Price Trends of these Fiber Lasers majorly depend on the usability of the machine, design, and cost of production. Just for an idea, a simple fiber laser engraver with a CNC router will cost around 2.5 grand. These machines are readily available on platforms like Alibaba and Amazon.
As the technology is advancing, the need of customers is also evolving and there is constant room for improvement. Due to the increasing demand for laser technologies, the manufacturers are moving towards lesser costs of production. This trend is surely going to take this industry towards new peaks in near future.