November '22

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Page 60 of 104

LASER ENGRAVING REPORT W ith the world figuring out the way forward after the pandemic, laser engraving companies are report- ing a mixed bag in terms of business in 2022. e market has undergone some major changes over the last few years, with one of the biggest pieces of the puz- zle being the ever-increasing number of online retailers selling products through sites such as Etsy and eBay. is increase of smaller shops has led to an overall reporting of less income per respondent, with just 49% of sur- vey respondents reporting laser engrav- ing income of greater than $10,000 per year. Compare this to 63% from just two years ago, and we see a pretty big increase in smaller operations. is year's survey results were also heav- ily influenced by the continuing supply chain problems hounding nearly every industry these days. 73% of our respon- dents say that supply chain issues are hav- ing some effect on their business, with 18% saying it is having a "major" effect. This survey was conducted through electronic mail via and complied with all CAN-SPAM act laws and NBM's privacy policy, as found here: Respondents were selected from the GR APHICS PRO subscriber database and all survey recipi- ents were provided the same version of the survey, which was distributed in January of 2022. Some survey totals equal more than 100% because readers checked all the categories that apply. GP LASERS Powering Ahead 2022 Laser Engraving Market Survey 5 4 G R A P H I C S P R O • N O V E M B E R 2 0 2 2 G R A P H I C S - P R O. C O M

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