In 2026, the domestic engraving tool market size is expected to reach 9.15 billion yuan, the total market volume of 8.5 billion yuan in 2025, a year-on-year growth of 7.6%, the growth rate is higher than the general cutting tool industry average.
The product structure is obviously iterative: carbide engraving knives accounted for 63.4%, PCD diamond engraving knives accounted for 18.7%, and the share of traditional high-speed steel knives continued to shrink to 17.9%. Downstream demand is clearly stratified: mold processing consumption accounted for 38.2%, custom carving / stone engraving accounted for 26.5%, PCB micro-precision engraving accounted for 15.1%, jade engraving accounted for 12.3%.
Export side performance is bright, in 2025 engraving knife exports total of 1.245 billion yuan, year-on-year increase of 9.3%, RCEP member countries accounted for 54.6% of the total export, Vietnam, India, Germany, Mexico as the core export market, domestic precision knife overseas replacement process accelerated.
The global precision engraving tool market will break through $20 billion in 2025, with a compound growth rate of 5.1% in 2026-2034, and the Asia-Pacific region will contribute 40% of the global market demand. China is the world’s largest engraving tool production and export base.
