The coding and marking equipment market is poised to grow by USD 1.66 billion during 2020-2024, progressing at a CAGR of about 8% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global coding and marking equipment market 2020-2024. (Graphic: Business Wire)
Read the 176-page report with TOC on “Coding And Marking Equipment Market Analysis Report by End-User (food and beverage, industrial, healthcare and others), Technology (CIJ printing and coding, laser coding and marking, TIJ printing, DOD printing, and others), Geographic Segmentation (APAC, Europe, MEA, North America and South America), and the Segment Forecasts,2020-2024”.
The increasing need for product traceability and the use of connected technology in coding and marking equipment is anticipated to boost the growth of the coding and marking equipment market.
Tracing has become an essential part of the product management cycle as it enables manufacturers to track and trace products when required. Traceability of products helps manufacturing companies match replacement parts, track products, and quickly recall products. Thus, packaging companies are integrating technologies such as barcodes, RFID, QR codes, and Data Matrix codes for tracking and tracing products. Thus, the increasing need for product traceability will accelerate the demand for coding and marking equipment during the forecast period.
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Major Five Coding and Marking Equipment Market Companies:
Danaher Corp. has business operations under four segments, comprising of life sciences, diagnostics, dental, and environmental & applied solutions. The company’s key offerings include continuous inkjet printers, laser marking machines, thermal transfer printers, thermal inkjet printers, and case coding and labeling printers.
Domino Printing Sciences Plc
Domino Printing Sciences Plc operates its business through various segments, which include product printing, case printing, pallet labeling, consumables, integration & software, and serialization. The company’s key offerings include Ax-Series, D-Series, G-Series, and V-Series.
Hitachi Ltd. has business operations under various segments, namely information & telecommunication systems, social infrastructure & industrial systems, electronic systems & equipment, construction machinery, high functional materials & components, automotive systems, smart life & eco-friendly systems, and others. The company’s key offerings include Continuous Inkjet Printer and CO2 Laser Coder.
Inkjet Inc. operates its business through various segments, which include industrial printers, consumables, Evolabel print and apply labelers, inkjet printer parts, and NiceLabel. The company’s key offerings include Continuous Inkjet (CIJ) Printer, High Resolution Inkjet Printer, Thermal Inkjet Printer, and Laser Coders & Marking Systems.
Markem-Imaje Group has business operations under various segments, which include product coding, case coding, pallet coding, supplies, and software solutions. The company offers coders such as small character inkjet (9000 Series), thermal inkjet (1000 Series), thermal transfer (8018 and SmartDate X60), and laser (7000 Series).
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Coding And Marking Equipment End-User Outlook (Revenue, USD Billion, 2020-2024)
- Food and beverage
Coding and Marking Equipment Technology Outlook (Revenue, USD Billion, 2020-2024)
- CIJ printing and coding
- Laser coding and marking
- TIJ printing
- DOD printing
Coding And Marking Equipment Geographic Segmentation Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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