Etched in stone: Per capita disposable income is expected to grow, boosting industry demand

Over the five years to 2018, 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 2023, 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...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
4.1%
Forecast Growth 18-23
Profit
Employment
12,236
Businesses
4,332
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • As disposable income has increased, consumers have been more willing to increase spending on discretionary services
  • As consumer demand has ramped up, overall manufacturing output has also increased
  • Operators with a clear market niche are expected to benefit
  • Industry Report - Industry SWOT Analysis Chapter

    The Engraving Services industry is in the mature phase of its life cycle. Over the 10 years to 2023, industry value added, which measures an industry's contribution to the economy, is projected to increase at an annualized rate of 4.3%. During the same period, US GDP is forecast to grow an annualized 2.1%. The industry's contribution to the economy is projected to increase, due to lower input prices, increased consumer spending, as well as falling unemployment. Historically, the industry's importance to the overall economy is relatively stable, which is indicative of a mature industry.The industry's market share concentration has remained relatively steady over the five years to 2018. Many operators function within a specific niche, catering to very specific market segments. As ...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 to 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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other 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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Engraving Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Industrial Production Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Engraving Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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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