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Coding and Marking Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 190
  • SKU: IRTNTR40601
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The coding and marking equipment market is estimated to grow at a CAGR of 6.78% between 2022 and 2027. The size of the market is forecast to increase by USD 1,352.38 million. The growth of the market depends on serval factors, including increasing need for product traceability, increasing demand for packaging, and the increasing number of labeling regulations

This 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, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Coding And Marking Equipment Market During the Forecast Period?

Coding and Marking Equipment Market Size

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Parent Market Analysis

The reports categorize the global coding and marking equipment market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Coding And Marking Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

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 researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

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.

Significant 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.

Major Coding And Marking Equipment Market Challenge

  • The high operational cost will be a key challenge to the 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.

Key Coding And Marking Equipment Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Coding and Marking Equipment Market Share by Geography

Global Coding and Marking Equipment Market Customer Landscape

Who are the Major Coding and Marking Equipment Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

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 Linx 10.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Dover Corp.
  • Engage Technologies Corp.
  • Hitachi Ltd.
  • Illinois Tool Works Inc.
  • Inkjet Inc.
  • ITW Marking and Coding
  • Keyence Corp.
  • Matthews International Corp.
  • MULTIVAC Sepp Haggenmuller SE and Co. KG
  • Overprint Ltd.
  • Paul Leibinger GmbH and Co. KG
  • Pro Mach Inc.
  • REA Elektronik GmbH
  • RN Mark Inc.
  • SATO Holdings Corp

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Coding And Marking Equipment Market?

The market share growth of the CIJ printing and coding segment will be significant during the forecast period. CIJ printing and coding is a non-contact printing system that uses several CIJ inks to print on various types of packaging materials. Such printers offer high-quality prints owing to their high drop ejection frequency. There is a high demand for CIJ printing for coding and marking glass and plastic bottles, aluminum cans, cartons, and paperboard. Owing to its benefits and wide areas of application, many companies use CIJ printers in their manufacturing lines.

Coding and Marking Equipment Market Size

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The CIJ printing and coding segment was valued at USD 1,269.78 million in 2017 and continued to grow until 2021. 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. CIJ printers are widely used for the coding and marking of metal cans in the food and beverage industry. Thus, the growth of the metal cans market in the food and beverage industry is expected to increase the demand for CIJ printers across the world.

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

Coding and Marking Equipment Market Share by Geography

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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is expected to exhibit high growth, with China and India being the major growth countries for the market in the region. Both countries have a large number of manufacturing-focused companies. Many leading companies from the wire and cable, pharmaceuticals, food and beverages, electrical and electronics industries have opened their manufacturing facilities in these countries due to the availability of low-cost resources and the increasing local demand for consumable products. China has an established electrical and electronics manufacturing ecosystem, while India has a growing food and beverage-producing industry. Over the past five years, both countries have registered substantial growth in the electronics and processed food manufacturing sectors due to favorable government policies. The market in APAC is likely to witness significant growth due to the growth in the number of SMEs and the booming electronics sector in India and China.

The COVID-19 pandemic had an adverse impact on the regional market. However, the emphasis on restarting the operations of essential businesses such as food processing with a limited workforce has led to a gradual growth of these end-user industries in the region. This, in turn, has moderately propelled the demand for coding and marking in end-user industries. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • CIJ printing and coding
    • Laser coding and marking
    • TIJ printing
    • DOD printing
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Food and beverage
    • Healthcare
    • Industrial
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • North America
      • The U.S.
      • Canada

Coding And Marking Equipment Market Scope

Report Coverage

Details

Page number

190

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.78%

Market growth 2023-2027

USD 1,352.38 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.99

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ATD Ltd., BestCode, Brother Industries Ltd., CONTROL PRINT Ltd., Danaher Corp., Dover Corp., Engage Technologies Corp., Hitachi Ltd., Illinois Tool Works Inc., Inkjet Inc., ITW Marking and Coding, Keyence Corp., Matthews International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH, RN Mark Inc., 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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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
  • Detailed information on factors that will drive the growth of the coding and marking equipment market between 2023 and 2027
  • Precise estimation of the coding and marking equipment market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of coding and marking equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global coding and marking equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global coding and marking equipment market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 CIJ printing and coding - Market size and forecast 2022-2027
      • Exhibit 34: Chart on CIJ printing and coding - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on CIJ printing and coding - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on CIJ printing and coding - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on CIJ printing and coding - Year-over-year growth 2022-2027 (%)
    • 6.4 Laser coding and marking - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Laser coding and marking - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Laser coding and marking - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Laser coding and marking - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Laser coding and marking - Year-over-year growth 2022-2027 (%)
    • 6.5 TIJ printing - Market size and forecast 2022-2027
      • Exhibit 42: Chart on TIJ printing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on TIJ printing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on TIJ printing - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on TIJ printing - Year-over-year growth 2022-2027 (%)
    • 6.6 DOD printing - Market size and forecast 2022-2027
      • Exhibit 46: Chart on DOD printing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on DOD printing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on DOD printing - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on DOD printing - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Food and beverage - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
    • 7.4 Healthcare - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 75: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 77: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 79: Chart on Geographic comparison
      • Exhibit 80: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 118: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 119: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 121: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 122: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 124: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 125: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 126: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 127: Matrix on vendor position and classification
            • 12.3 ATD Ltd.
              • Exhibit 128: ATD Ltd. - Overview
              • Exhibit 129: ATD Ltd. - Product / Service
              • Exhibit 130: ATD Ltd. - Key offerings
            • 12.4 BestCode
              • Exhibit 131: BestCode - Overview
              • Exhibit 132: BestCode - Product / Service
              • Exhibit 133: BestCode - Key offerings
            • 12.5 Brother Industries Ltd.
              • Exhibit 134: Brother Industries Ltd. - Overview
              • Exhibit 135: Brother Industries Ltd. - Business segments
              • Exhibit 136: Brother Industries Ltd. - Key news
              • Exhibit 137: Brother Industries Ltd. - Key offerings
              • Exhibit 138: Brother Industries Ltd. - Segment focus
            • 12.6 Danaher Corp.
              • Exhibit 139: Danaher Corp. - Overview
              • Exhibit 140: Danaher Corp. - Business segments
              • Exhibit 141: Danaher Corp. - Key news
              • Exhibit 142: Danaher Corp. - Key offerings
              • Exhibit 143: Danaher Corp. - Segment focus
            • 12.7 Dover Corp.
              • Exhibit 144: Dover Corp. - Overview
              • Exhibit 145: Dover Corp. - Business segments
              • Exhibit 146: Dover Corp. - Key news
              • Exhibit 147: Dover Corp. - Key offerings
              • Exhibit 148: Dover Corp. - Segment focus
            • 12.8 Engage Technologies Corp.
              • Exhibit 149: Engage Technologies Corp. - Overview
              • Exhibit 150: Engage Technologies Corp. - Product / Service
              • Exhibit 151: Engage Technologies Corp. - Key offerings
            • 12.9 Hitachi Ltd.
              • Exhibit 152: Hitachi Ltd. - Overview
              • Exhibit 153: Hitachi Ltd. - Business segments
              • Exhibit 154: Hitachi Ltd. - Key news
              • Exhibit 155: Hitachi Ltd. - Key offerings
              • Exhibit 156: Hitachi Ltd. - Segment focus
            • 12.10 Inkjet Inc.
              • Exhibit 157: Inkjet Inc. - Overview
              • Exhibit 158: Inkjet Inc. - Product / Service
              • Exhibit 159: Inkjet Inc. - Key offerings
            • 12.11 ITW Marking and Coding
              • Exhibit 160: ITW Marking and Coding - Overview
              • Exhibit 161: ITW Marking and Coding - Product / Service
              • Exhibit 162: ITW Marking and Coding - Key offerings
            • 12.12 Keyence Corp.
              • Exhibit 163: Keyence Corp. - Overview
              • Exhibit 164: Keyence Corp. - Product / Service
              • Exhibit 165: Keyence Corp. - Key offerings
            • 12.13 Matthews International Corp.
              • Exhibit 166: Matthews International Corp. - Overview
              • Exhibit 167: Matthews International Corp. - Business segments
              • Exhibit 168: Matthews International Corp. - Key offerings
              • Exhibit 169: Matthews International Corp. - Segment focus
            • 12.14 MULTIVAC Sepp Haggenmuller SE and Co. KG
              • Exhibit 170: MULTIVAC Sepp Haggenmuller SE and Co. KG - Overview
              • Exhibit 171: MULTIVAC Sepp Haggenmuller SE and Co. KG - Product / Service
              • Exhibit 172: MULTIVAC Sepp Haggenmuller SE and Co. KG - Key offerings
            • 12.15 Pro Mach Inc.
              • Exhibit 173: Pro Mach Inc. - Overview
              • Exhibit 174: Pro Mach Inc. - Product / Service
              • Exhibit 175: Pro Mach Inc. - Key offerings
            • 12.16 REA Elektronik GmbH
              • Exhibit 176: REA Elektronik GmbH - Overview
              • Exhibit 177: REA Elektronik GmbH - Product / Service
              • Exhibit 178: REA Elektronik GmbH - Key offerings
            • 12.17 SATO Holdings Corp.
              • Exhibit 179: SATO Holdings Corp. - Overview
              • Exhibit 180: SATO Holdings Corp. - Business segments
              • Exhibit 181: SATO Holdings Corp. - Key offerings
              • Exhibit 182: SATO Holdings Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 183: Inclusions checklist
                • Exhibit 184: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 185: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 186: Research methodology
                • Exhibit 187: Validation techniques employed for market sizing
                • Exhibit 188: Information sources
              • 13.5 List of abbreviations
                • Exhibit 189: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

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                  Coding and Marking Equipment market growth will increase by $1227.20 million during 2021-2026.
                  The coding and marking equipment market is expected to grow at a CAGR of 6.39% during 2021-2026.
                  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.
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