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Coding & Marking Equipment Market worth $39.63 billion by 2030, growing at a CAGR of 9.24% - Exclusive Report by 360iResearch
Coding & Marking Equipment Market | 360iResearch
The Global Coding & Marking Equipment Market to grow from USD 21.34 billion in 2023 to USD 39.63 billion by 2030, at a CAGR of 9.24%.
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Coding & marking equipment imprint key information on packaging or individual products. This information includes unique identification data, manufacturing dates, batch numbers, expiration dates, and barcodes. The automatic nature of this process aids in reducing human errors, saving time and cost, and increasing overall operational efficiency. The crucial growth driver is the increasing government laws and regulations mandating unique identification for the accountability and safety of products across industries. Furthermore, the packaging sectors of the food & beverage industry use coding & marking equipment to print nutrition facts, ingredients, production and expiration dates, and barcodes on the packaging of the food & beverage products. The utilization of coding & marking in the food & beverage sectors is driving the market growth. In contrast, the installation and maintenance of equipment are relatively higher costs, and customization and functional issues associated with coding & marking techniques impede the trajectory of the market growth. However, vendors are focusing and investing in R&D to overcome these issues. Technological advancements in coding & marking equipment are creating higher efficiency, accuracy, and versatility, and innovation in the R&D of reliable ink formulations and encouraging further market growth.
The demand for coding & marking equipment in the Americas region is particularly driven by the United States and Canada, which are characterized by the presence of a substantial number of major players in this sector. Furthermore, the region has observed increased utilization of coding & marking equipment in the food & beverage industry for accurate product labeling. The adoption of technologically advanced equipment and solutions, such as laser-based marking systems and inkjet printers, has marked significant growth in the region. In the European Union, diverse sectors such as food & beverages, cosmetics, pharmaceuticals, and automotive industries drive the demand for coding & marking equipment. European consumers place a high emphasis on product traceability and stringent safety regulations, fostering investment in advanced coding technologies. Rapid industrialization, particularly in APAC countries such as China and India, has instigated the need for coding & marking equipment. The increasing consumer awareness regarding product authenticity and the growing eCommerce sector are the major factors driving demand in this region. The position of APAC as a manufacturing hub presents significant opportunities for the adoption of coding & marking systems, which has led to multiple partnerships and collaborations among key players.
Market Segmentation & Coverage:
This research report categorizes the Coding & Marking Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across CIJ Printing & Coding, DOD Printing, Laser Coding & Marking, and TIJ Printing. The Laser Coding & Marking commanded largest market share of 24.08% in 2023, followed by CIJ Printing & Coding.
Based on Component, market is studied across Consumables, Hardware, and Software. The Consumables is further studied across Ink & Paints, Solvent, and Thermal Tapes. The Hardware is further studied across Continuous Inkjet Printer, Laser Printer, Piezo Inkjet Printer, and Thermal Inkjet Printer. The Consumables commanded largest market share of 45.62% in 2023, followed by Hardware.
Based on Surface, market is studied across Ceramic, Glass, Organic Surfaces, Paper & Cardboard, Plastic, Rubber, Steel, Stone, Textiles, and Wood. The Paper & Cardboard commanded largest market share of 18.32% in 2023, followed by Plastic.
Based on Industry, market is studied across Automotive & Transportation, Electrical & Electronics, Food & Beverage, Metal Processing, Personal Care & Cosmetics, and Pharmaceuticals & Medical Devices. The Food & Beverage commanded largest market share of 20.32% in 2023, followed by Personal Care & Cosmetics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.23% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Coding & Marking Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Coding & Marking Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Coding & Marking Equipment Market, highlighting leading vendors and their innovative profiles. These include Applied Technology Developments Ltd., Beijing Hi-Pack Coding Ltd., Control Print Limited, Danaher Corporation, Domino Printing Sciences PLC, Dover Corporation, Durable Technologies, Engage Technologies Corporation, Geo. T. Schmidt, Inc., Guangzhou EC-PACK Packaging Equipment Co.,Ltd., Guangzhou Sunine Intelligent Technology Co., Ltd., Han's Laser Technology Industry Group Co., Ltd, Hitachi, Ltd., HSA Systems A/S, Illinois Tool Works Inc., InkJet, Inc., Keyence Corporation, Kishu Giken Kogyo Co., Ltd., Koenig & Bauer AG, Loftware, Inc., Macsa ID, S.A., Matthews Marking Systems, MECCO, Numeric Inkjet Technologies Pvt. Ltd., Open Date Equipment Ltd., Paul Leibinger GmbH & Co. KG, ProMach Inc., REA Elektronik GmbH, Rotech Machines Limited, RYNAN Technologies, TRUMPF SE + Co. KG, and TYKMA Electrox, Inc. by 600 Group PLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Coding & Marking Equipment Market, by Technology
7. Coding & Marking Equipment Market, by Component
8. Coding & Marking Equipment Market, by Surface
9. Coding & Marking Equipment Market, by Industry
10. Americas Coding & Marking Equipment Market
11. Asia-Pacific Coding & Marking Equipment Market
12. Europe, Middle East & Africa Coding & Marking Equipment Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Coding & Marking Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Coding & Marking Equipment Market?
3. What is the competitive strategic window for opportunities in the Coding & Marking Equipment Market?
4. What are the technology trends and regulatory frameworks in the Coding & Marking Equipment Market?
5. What is the market share of the leading vendors in the Coding & Marking Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Coding & Marking Equipment Market?
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