Overview

Etched in stone: Growth in disposable income will continue to propel the industry

IBISWorld’s Industry Market Report on Engraving Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
11-16
5.5%
Annual Growth
16-21
Profit
Employment
10,706
Business
3,779

Industry Threats & Opportunities

  • Customizable engravings have increased in popularity as consumers look to add a unique touch to a generic product
  • The industrial sector seeks engraving services to inscribe engravings on machinery
  • Consumers will continue to spend liberally on discretionary services, such as engraving services

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    Industry Analysis & Industry Trends

    Over the five years to 2016, the Engraving Services industry has experienced robust growth. 2016 alone. The industry provides a largely discretionary service at the consumer level, offering customizable templates with which consumers can personalize products such as smart phones, tablets and cutlery. Businesses also demand industry services for name plates, plaques and signage, as well as other engravings. Over the next five years, 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 Engraving Services industry in order to fulfill their desire for unique touches to generic products...

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    Industry Report - Starting a New Business Chapter

    The Engraving Services industry exhibits low barriers to entry. The industry is highly fragmented, due to being comprised of small engraving companies that cater to a market niche of consumers, such as consumers that want to personalize their items with monograms. As a result, new industry entrants face low barriers to entry, due to being able to cater to demand from a plethora of markets, such as medical device manufacturers that require engravings, such as bar codes and product serial numbers.

    According to Epilog Laser, the capital outlay required to enter the Engraving Services industry is low, with new companies only requiring about $8,000 in capital expenditures. Typically, engraving service companies only require a laser, computer and graphic software. Tha..

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    Additional Insights for the Engraving Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engraving Services Industry are

  • Ability to manage external (outsourcing) contracts
  • Ability to pass on cost increases
  • Access to low cost inputs
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Per capita disposable income in the Engraving Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Engraving Services Industry?

    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.

    Industry Products
    Electronic metal engraving excluding metal name plates
    Etching/engraving metal name plates
    Etching nonprecious metal hollow/flatware/cutlery and precious metal
    Other engraving/etching
    Industry Activities
    Electronic metal engraving services, excluding metal name plates
    Etching and engraving metal name plates
    Etching and engraving nonprecious metal hollow/flatware/cutlery and precious metals
    Other engraving services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Per capita disposable income
  • Percentage of services conducted online
  • Demand from metal stamping and forging
  • Number of businesses
  • World price of steel

  • Current Performance
  • Increasing disposable income leads growth
  • Businesses ramp up demand
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Disposable income continues to pave the way
  • Businesses provide the extra push
  • Technological innovations
  • Table: Engraving Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engraving Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Heavy Equipment Rental
  • Document Preparation Services
  • Educational Services
  • Hotels & Motels
  • Consumers

  • Key Selling Industries
  • Intellectual Property Licensing
  • IT Consulting
  • Metal Plating & Treating
  • Photofinishing

  • Products & Services
  • Other engraving/etching
  • Electronic metal engraving excluding metal name plates
  • Etching/engraving metal name plates
  • Etching nonprecious metal hollow/flatware/cutlery and precious metal
  • Chart: Engraving Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumer goods companies
  • Material processing companies
  • Other
  • Medical sector
  • Military and defense
  • Chart: Major Market Segmentation for the Engraving Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Engraving Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engraving Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Engraving Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Engraving Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Industrial Production Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    1-D Barcodes
  • Barcodes that feature a set of parallel lines and a contrasting background.
  • 2-D Barcodes
  • Barcodes that feature a printed symbol, which can connect a product logo to a digital platform if scanned by a smartphone.
  • Laser Engraving
  • The most popular method of engraving, which engraves material by burning it away.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engraving Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engraving Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engraving Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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