What is Global Industrial Coding Equipment Market?
The Global Industrial Coding Equipment Market is a comprehensive study of the various aspects of the industry, including its size, growth, trends, and forecasts. This market pertains to the equipment used in various industries for coding and marking purposes. Coding equipment is essential in industries for product identification, traceability, and compliance with regulations. They are used to print barcodes, expiry dates, batch numbers, and other important information on products. The global market for this equipment is vast and diverse, encompassing a wide range of technologies and applications. The market's value was estimated at US$ 4835.4 million in 2022, and it is projected to reach US$ 7209.5 million by 2029. This indicates a healthy growth rate, with a Compound Annual Growth Rate (CAGR) of 5.8% expected from 2023 to 2029.
CIJ, TIJ, TTO, Laser, Others in the Global Industrial Coding Equipment Market:
The Global Industrial Coding Equipment Market is segmented based on the type of technology used. These include Continuous Inkjet (CIJ), Thermal Inkjet (TIJ), Thermal Transfer Overprint (TTO), Laser, and others. Each of these technologies has its own unique features and applications. For instance, CIJ is a non-contact printing method that can print on almost any material, making it suitable for a wide range of industries. TIJ, on the other hand, is a high-resolution printing method that is ideal for printing barcodes and other detailed information. TTO is a digital printing method that is commonly used for printing on flexible packaging materials. Laser coding, meanwhile, is a non-contact, permanent method that is often used for marking metal and plastic parts. The market share of Laser technology is more than 45%, indicating its widespread use in the industry.
Food and Beverage, Pharmaceutical and Consumer, Aerospace and Automotive, Others in the Global Industrial Coding Equipment Market:
The Global Industrial Coding Equipment Market finds application in various sectors such as Food and Beverage, Pharmaceutical and Consumer, Aerospace and Automotive, among others. In the Food and Beverage industry, coding equipment is used to print expiry dates, batch numbers, and other essential information on food and beverage products. This is crucial for ensuring product safety and traceability. In the Pharmaceutical and Consumer sector, coding equipment is used to print barcodes and other identification marks on pharmaceutical products. This helps in tracking and tracing the products, ensuring their authenticity and safety. In the Aerospace and Automotive sector, coding equipment is used for marking parts and components. This helps in identifying the parts and ensuring their proper assembly. The market share of the food and beverage industry exceeds 40%, indicating the significant use of coding equipment in this sector.
Global Industrial Coding Equipment Market Outlook:
To summarize the market outlook for the Global Industrial Coding Equipment Market, it is important to note that the market was valued at US$ 4835.4 million in 2022. It is expected to grow at a CAGR of 5.8% from 2023 to 2029, reaching a value of US$ 7209.5 million by 2029. The market is segmented based on the type of technology used, with Laser technology accounting for more than 45% of the market share. The market finds significant application in the Food and Beverage industry, which accounts for more than 40% of the market share. These figures indicate a promising future for the Global Industrial Coding Equipment Market.
| Report Metric | Details |
| Report Name | Industrial Coding Equipment Market |
| Accounted market size in 2022 | US$ 4835.4 in million |
| Forecasted market size in 2029 | US$ 7209.5 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Danaher, Han's Laser, Brother, Hitachi Industrial Equipment, Dover, Trumpf, SATO, ITW, Coherent, Koenig & Bauer Coding, ID Technology, Gravotech, Matthews Marking Systems, KGK, Macsa, REA JET, Trotec, Telesis Technologies, Control print, TYKMA Electrox, SUNINE |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
