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Coding and Marking Equipment Market by End-user, Technology, and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR40601
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The coding and marking equipment market share is expected to increase to USD 1.22 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.39%.

The market report also offers information on several market vendors, including Danaher Corp., Domino Printing Sciences Plc, Dover Corp., Hitachi Ltd., Inkjet Inc., Matthews Marking Systems, Paul Leibinger GmbH & Co. KG, Pro Mach Inc., REA Elektronik GmbH, and SATO Holdings Corp. among others. Furthermore, this market research report extensively covers market segmentation by product (CIJ printing and coding, laser coding and marking, TIJ printing, DOD printing, and others), end-user (food and beverage, healthcare, industrial, and others), and geography (APAC, Europe, North America, MEA, and South America).

What will the Coding and Marking Equipment Market Size be During the Forecast Period?

Coding and Marking Equipment Market Size

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"China has an established electrical and electronics manufacturing ecosystem, while India has a growing food and beverage producing industry." 

Coding and Marking Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing need for product traceability is notably driving the market growth, although factors such as high operational costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coding and marking equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coding and Marking Equipment Market Driver

  • One of the key factors driving growth in the market is the increasing need for product traceability.
  • Packaging companies are integrating technologies such as barcodes, RFID, QR codes, and Data Matrix codes for tracking and tracing products.
  • Product traceability is one of the most important features in supply chain and logistics operations, especially in industries such as food and beverage, healthcare, retail, automotive, and aerospace.
  • Data Matrix codes enable manufacturing companies to automatically identify and track products, such as cars, trucks, and bikes, throughout their life cycle.
  • The codes and marks play a crucial role in various industries such as food and beverage, aerospace, healthcare, retail, and automotive. 
  • The increasing need for product traceability will accelerate the demand for coding and marking equipment.

Key Coding and Marking Equipment Market Trend

  • The equipment leasing business model is another key market trend that will positively impact the concerned market in the forecast period.
  • High running costs act as a constraint for organizations investing in coding and marking equipment. Hence, organizations are deploying coding and marking equipment through lease options to save on capital costs.
  • Leasing the equipment simplifies the coding and marking process for a company as it reduces running costs, such as maintenance cost, servicing cost, and disposal cost.
  • The popularity of the equipment leasing model among SMEs is rising as it does not require direct investments in equipment, preserves working capital, and frees up cash flow for other business activities.
  • Many vendors in the industry are offering leasing business solutions due to the growing demand for equipment leasing. Such factors will further support the market growth in the coming years.

Key Coding and Marking Equipment Market Challenge

  • The high operational cost will be a key challenge to the global market during the forecast period.
  • The total cost of ownership of coding and marking equipment is generally high.
  • Upfront costs include various capital costs such as initial investment, material handling cost, and installation cost.
  • Companies have to incur various upfront costs as well as running and operational costs while deploying coding and marking equipment in their manufacturing process line.
  • Coding and marking equipment is an integral part of any process line. Hence, any downtime would lead to production loss for companies.
  • Due to the high initial costs, the adoption of the equipment among SMEs is slow. Thus, the high running cost associated with coding and marking equipment will hinder market growth.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent global industrial machinery market covers companies engaged in manufacturing of industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. 

Who are the Major Coding and Marking Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Danaher Corp.
  • Domino Printing Sciences Plc
  • Dover Corp.
  • Hitachi Ltd.
  • Inkjet Inc.
  • Matthews Marking Systems
  • Paul Leibinger GmbH & Co. KG
  • Pro Mach Inc.
  • REA Elektronik GmbH
  • SATO Holdings Corp.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Danaher Corp. - The company offers coding and marking equipment that is simple to use and designed for use in industrial manufacturing and packaging, printing expiry dates, and batch codes on production lines, under the brand name of Linx 10.
  • Domino Printing Sciences Plc - The company offers coding and marking equipment that features the i-Pulse printhead for high-quality and consistent printing and supports a wide range of i-Pulse printing ink, under the brand name AX 150i.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coding and Marking Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Coding and Marking Equipment Market?

Coding and Marking Equipment Market Market segmentation by region

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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for coding and marking equipment in APAC. Market growth in this region will be faster than the growth of the market in the MEA and South America.

The availability of low-cost resources and the significant increase in local demand for consumable products will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic adversely affected the growth of several end-user industries, including food and beverage and industrial manufacturing, among others in the region. However, the easing of lockdowns in different countries, including India, Japan, and China, and the emphasis on re-starting the operations of essential businesses, such as food processing, with a limited workforce, however, led to the gradual growth of the regional market in 2021. This may propel the growth of the market in focus during the forecast period.

Parent Market Analysis

Technavio categorizes the global coding and marking equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

What are the Revenue-generating Product Segments in the Coding and Marking Equipment Market?

Coding and Marking Equipment Market Segmentation

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The market share growth by the CIJ printing and coding segment will be significant during the forecast period. The significant increase in the demand for CIJ printers, owing to their increase in use in the food and beverage industry and the cable manufacturing industry, will drive market growth through this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Coding and Marking Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.39%

Market growth 2022-2026

$ 1.22 billion

Market structure

Fragmented

YoY growth (%)

5.59

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Danaher Corp., Domino Printing Sciences Plc, Dover Corp., Hitachi Ltd., Inkjet Inc., Matthews Marking Systems, Paul Leibinger GmbH & Co. KG, Pro Mach Inc., REA Elektronik GmbH, and SATO Holdings Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Coding and Marking Equipment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the coding and marking equipment industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01:  Parent market

                              2.1.1 Impact of COVID-19 on the industrials sector

                              2.1.2 Recovery phase

               2.2 Market characteristics      

                              Exhibit 02:  Market characteristics

               2.3 Value chain analysis           

                              Exhibit 03:  Value chain analysis: Industrial machinery market

                              2.3.1 Inputs

                              2.3.2 Inbound logistics

                              2.3.3 Operations

                              2.3.4 Outbound logistics

                              2.3.5 Marketing and sales

                              2.3.6 Aftermarket and service

                              2.3.7 Industry innovations:

3. Market Sizing                      

               3.1 Market definition

                              3.1.1 Parent market

                              3.1.2 Market in focus

                              3.1.3 Segmentation

                              Exhibit 04:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05:  Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ million)

                              Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08: Five forces analysis 2020 & 2025

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14: Market condition - Five forces 2020

5. Market Segmentation by Technology                      

               5.1 Market segments

                              Exhibit 15:  Technology - Market share 2020-2025 (%)

               5.2 Comparison by Technology            

                              Exhibit 16:  Comparison by Technology

               5.3 CIJ printing and coding - Market size and forecast 2020-2025          

                              Exhibit 17:  CIJ printing and coding - Market size and forecast 2020-2025 ($ million)

                              Exhibit 18:  CIJ printing and coding - Year-over-year growth 2020-2025 (%)

               5.4 Laser coding and marking - Market size and forecast 2020-2025     

                              Exhibit 19:  Laser coding and marking - Market size and forecast 2020-2025 ($ million)

                              Exhibit 20:  Laser coding and marking - Year-over-year growth 2020-2025 (%)

               5.5 TIJ printing - Market size and forecast 2020-2025  

                              Exhibit 21:  TIJ printing - Market size and forecast 2020-2025 ($ million)

                              Exhibit 22:  TIJ printing - Year-over-year growth 2020-2025 (%)

               5.6 DOD printing - Market size and forecast 2020-2025             

                              Exhibit 23:  DOD printing - Market size and forecast 2020-2025 ($ million)

                              Exhibit 24:  DOD printing - Year-over-year growth 2020-2025 (%)

               5.7 Others - Market size and forecast 2020-2025          

                              Exhibit 25:  Others - Market size and forecast 2020-2025 ($ million)

                              Exhibit 26:  Others - Year-over-year growth 2020-2025 (%)

               5.8 Market opportunity by Technology             

                              Exhibit 27:   Market opportunity by Technology

6. Market Segmentation by End-user                            

               6.1 Market segments

                              Exhibit 28:  End-user - Market share 2020-2025 (%)

               6.2 Comparison by End-user   

                              Exhibit 29:  Comparison by End-user

               6.3 Food and beverage - Market size and forecast 2020-2025  

                              Exhibit 30:  Food and beverage - Market size and forecast 2020-2025 ($ million)

                              Exhibit 31:  Food and beverage - Year-over-year growth 2020-2025 (%)

               6.4 Healthcare - Market size and forecast 2020-2025  

                              Exhibit 32:  Healthcare - Market size and forecast 2020-2025 ($ million)

                              Exhibit 33:  Healthcare - Year-over-year growth 2020-2025 (%)

               6.5 Industrial - Market size and forecast 2020-2025     

                              Exhibit 34:  Industrial - Market size and forecast 2020-2025 ($ million)

                              Exhibit 35:  Industrial - Year-over-year growth 2020-2025 (%)

               6.6 Others - Market size and forecast 2020-2025          

                              Exhibit 36:  Others - Market size and forecast 2020-2025 ($ million)

                              Exhibit 37:  Others - Year-over-year growth 2020-2025 (%)

               6.7 Market opportunity by End-user   

                              Exhibit 38:   Market opportunity by End-user

7. Customer landscape                        

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 39: ?Customer landscape?

8. Geographic Landscape                    

               8.1 Geographic segmentation

                              Exhibit 40:  Market share by geography 2020-2025 (%)

               8.2 Geographic comparison    

                              Exhibit 41:  Geographic comparison

               8.3 APAC - Market size and forecast 2020-2025             

                              Exhibit 42:  APAC - Market size and forecast 2020-2025 ($ million)

                              Exhibit 43:  APAC - Year-over-year growth 2020-2025 (%)

               8.5 Europe - Market size and forecast 2020-2025         

                              Exhibit 44:  Europe - Market size and forecast 2020-2025 ($ million)

                              Exhibit 45:  Europe - Year-over-year growth 2020-2025 (%)

               8.6 North America - Market size and forecast 2020-2025          

                              Exhibit 46:  North America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 47:  North America - Year-over-year growth 2020-2025 (%)

               8.7 MEA - Market size and forecast 2020-2025              

                              Exhibit 48:  MEA - Market size and forecast 2020-2025 ($ million)

                              Exhibit 49:  MEA - Year-over-year growth 2020-2025 (%)

               8.8 South America - Market size and forecast 2020-2025          

                              Exhibit 50:  South America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 51:  South America - Year-over-year growth 2020-2025 (%)

               8.9 Key leading countries        

                              Exhibit 52:  Key leading countries

               8.9 Market opportunity by geography

                              Exhibit 53:  Market opportunity by geography

9. Drivers, Challenges, and Trends                  

               9.1 Market drivers – Demand led growth         

                              9.1.1 Increasing need for product traceability

                              9.1.2 Increasing demand for packaging

                              9.1.3 Increasing number of labeling regulations

               9.2 Market challenges              

                              9.2.1 High operational cost

                              9.2.2 Increasing competition from the unorganized market

                              9.2.3 Dependence of coding and marking equipment on demand from end-users

                              Exhibit 54:  Impact of drivers and challenges

               9.3 Market trends      

                              9.3.1 Equipment leasing business model

                              9.3.2 Use of connected technology in coding and marking equipment

                              9.3.3 Increasing demand for eco-friendly inks

10. Vendor Landscape                         

               10.1 Vendor landscape            

                              Exhibit 55:  Vendor landscape

               10.2 Landscape disruption      

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                              Exhibit 56:  Landscape disruption

                              Exhibit 57:  Industry risks

11. Vendor Analysis               

               11.1 Vendors covered              

                              Exhibit 58:  Vendors covered

               11.2 Market positioning of vendors    

                              Exhibit 59: ?Market positioning of vendors?

               11.3 Danaher Corp.   

                              Exhibit 60:  Danaher Corp. - Overview

                              Exhibit 61:  Danaher Corp. - Business segments

                              Exhibit 62:  Danaher Corp. - Key news

                              Exhibit 63:  Danaher Corp. - Key offerings

                              Exhibit 64:  Danaher Corp. - Segment focus

               11.4 Domino Printing Sciences Plc       

                              Exhibit 65:  Domino Printing Sciences Plc - Overview

                              Exhibit 66:  Domino Printing Sciences Plc - Product and service

                              Exhibit 67:  Domino Printing Sciences Plc - Key offerings

               11.5 Dover Corp.        

                              Exhibit 68:  Dover Corp. - Overview

                              Exhibit 69:  Dover Corp. - Business segments

                              Exhibit 70:  Dover Corp. - Key news

                              Exhibit 71:  Dover Corp. - Key offerings

                              Exhibit 72:  Dover Corp. - Segment focus

               11.6 Hitachi Ltd.         

                              Exhibit 73:  Hitachi Ltd. - Overview

                              Exhibit 74:  Hitachi Ltd. - Business segments

                              Exhibit 75:  Hitachi Ltd. - Key news

                              Exhibit 76:  Hitachi Ltd. - Key offerings

                              Exhibit 77:  Hitachi Ltd. - Segment focus

               11.7 Inkjet Inc.            

                              Exhibit 78:  Inkjet Inc. - Overview

                              Exhibit 79:  Inkjet Inc. - Product and service

                              Exhibit 80:  Inkjet Inc. - Key offerings

               11.8 Matthews International Corp.     

                              Exhibit 81:  Matthews International Corp. - Overview

                              Exhibit 82:  Matthews International Corp. - Business segments

                              Exhibit 83:  Matthews International Corp. - Key offerings

                              Exhibit 84:  Matthews International Corp. - Segment focus

               11.9 Paul Leibinger GmbH & Co. KG    

                              Exhibit 85:  Paul Leibinger GmbH & Co. KG  - Overview

                              Exhibit 86:  Paul Leibinger GmbH & Co. KG  - Product and service

                              Exhibit 87:  Paul Leibinger GmbH & Co. KG  - Key offerings

               11.10 Pro Mach Inc.  

                              Exhibit 88:  Pro Mach Inc. - Overview

                              Exhibit 89:  Pro Mach Inc. - Product and service

                              Exhibit 90:  Pro Mach Inc. - Key offerings

               11.11 REA Elektronik GmbH   

                              Exhibit 91:  REA Elektronik GmbH  - Overview

                              Exhibit 92:  REA Elektronik GmbH  - Product and service

                              Exhibit 93:  REA Elektronik GmbH  - Key offerings

               11.12 SATO Holdings Corp.     

                              Exhibit 94:  SATO Holdings Corp. - Overview

                              Exhibit 95:  SATO Holdings Corp. - Business segments

                              Exhibit 96:  SATO Holdings Corp. - Key offerings

                              Exhibit 97:  SATO Holdings Corp. - Segment focus

12. Appendix                           

               12.1 Scope of the report         

                              12.1.1 ????Market definition

                              12.1.2 ????Objectives

                              12.1.3 ????Notes and caveats

               12.2 Currency conversion rates for US$            

                              Exhibit 98: ?Currency conversion rates for US$?

               12.3 Research Methodology   

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Coding and Marking Equipment market growth will increase by $1227.20 million during 2022-2026.
The coding and marking equipment market is expected to grow at a CAGR of 6.39% during 2022-2026.
Technavio has segmented the coding and marking equipment market by product (CIJ printing and coding, Laser coding and marking, TIJ printing, DOD printing, and Others) ,end user (Food and beverage, Healthcare, Industrial, and Others) , and geographic (APAC, Europe, North America, MEA, and South America).
Danaher Corp., Domino Printing Sciences Plc, Dover Corp., Hitachi Ltd., Inkjet Inc., Matthews Marking Systems, Paul Leibinger GmbH & Co. KG, Pro Mach Inc., REA Elektronik GmbH, SATO Holdings Corp. are a few of the key vendors in the coding and marking equipment market.
APAC will register the highest growth rate of 41.50% among the other regions. Therefore, the coding and marking equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the coding and marking equipment market growth are:
  • Increasing need for product traceability
The coding and marking equipment market vendors should focus on grabbing business opportunities from the cij printing and coding segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
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  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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