Coding And Marking Equipment Market 2024-2028: Size and High operational costs; growth driven by the Product, Some of key Companies Positioned Strategically

The coding and marking equipment market size by Product (CIJ printing and coding, Laser coding and marking, PALM, TTO, and Others), Geography (APAC, Europe, North America, Middle East and Africa, and South America), and End-user (Food and beverage, Healthcare, Industrial, and Automotive and others), is forecast to increase by USD 1.46 billion. The market is expected to grow at a CAGR of  almost 6.89% between 2024 and 2028.

• In the realm of manufacturing processes, the acquisition and maintenance of coding and marking equipment entail significant financial commitments for businesses. Upfront expenses encompass capital investments, material handling costs, and installation fees. Ongoing operational costs consist of consumable expenses, maintenance requirements, spare parts procurement, and employee training. For instance, Continuous Inkjet (CIJ) printers offer service hours ranging from 9,000 to 15,000 hours, while laser printers boast tube lives between 45,000 and 100,000 hours, depending on the specific equipment configuration.
• The Asia Pacific (APAC) region is projected to experience significant growth in the coding and marking equipment market, with China and Japan serving as key contributors. Both nations host a substantial number of manufacturing companies, particularly in the wire and cable, pharmaceuticals, food and beverages, electrical, and electronics industries. The presence of these industries is attributed to the availability of low-cost resources and increasing local demand for consumer goods. China, with its robust electrical and electronics manufacturing ecosystem, and India, with its burgeoning food and beverage sector, have witnessed substantial growth in the electronics and processed food manufacturing industries over the past five years, owing to favorable government policies.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• ATD UK
• BestCode
• Brother Industries Ltd.
• Cyklop International
• Danaher Corp.
• Diagraph
• Dover Corp.
• Engage Technologies Corp.
• Hitachi Ltd.
• Illinois Tool Works Inc.
• 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.
• Control Print Ltd.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/