As per the Automotive Aftermarket Suppliers Association (AASA), the global automobile industry loses nearly $12.0 billion every year due to sales of counterfeit products, such as compression systems, lighting systems, steering linkages, suspension components, brake pads, and batteries. To combat this financial loss, vehicle manufacturers are increasingly using coding and marking systems to code part numbers or put anti-counterfeit labels on vehicle parts. Automobile manufacturers are currently opting for invisible yet scannable anti-counterfeiting printing inks and barcodes to combat the threat of counterfeits.
Apart from the automobile sector, the food and beverages industry is also using coding and marking systems in abundance, due to the burgeoning sales of bottled water, packaged food, dairy products, and fruit juices. Thus, the booming demand for such food items is expected to fuel the coding and marking systems market at a CAGR of 6.4% during 2020–2030. According to P&S Intelligence, the market revenue stood at $3,832.4 million in 2019, and it is projected to reach $7,469.6 million by 2030.
Additionally, the rising demand for pharmaceutical packaging, primarily on account of the escalating awareness among manufacturers on the advantages of citing drug information on the packaging and increasing penetration of special and blister packaging in the industry, is creating a huge requirement for coding and marking systems. Furthermore, the electrical and electronics, chemicals, and aerospace sectors are using such systems to print and mark their metal, plastic, paper, and cardboard materials, products, and components.
Geographically, Asia-Pacific (APAC) dominated the coding and marking systems market in the recent past, and it is expected to retain its position in the coming years as well. This can be credited to the rising food production, toughening government regulations regarding printing materials, and surging export of packaged food items from the region. Moreover, the soaring penetration of piracy and counterfeiting in most of the industries of APAC will fuel the adoption of coding and marking systems in the forthcoming years.
Thus, the booming demand for packaged food items and beverages and increasing penetration of counterfeit automotive parts will amplify the usage of coding and marking systems in the foreseeable future.
The Global Coding and Marking Equipment Market Forecast to 2027 published by Reports and Data takes a comprehensive approach towards studying the key trends influencing the growth of this sector.
The report evaluates key aspects of the sector to predict the impact of the pandemic on the growth of the market.The report evaluates the latest scenario and is updated with the current alterations in the economy due to COVID-19 pandemic.
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Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/238The report gives an accurate and elaborate evaluation of the market for the forecast period to gain an understanding of the global sector for formulating better investment approaches.
The study further explores and provides in-depth analysis of current market dynamics and recent trends, with special emphasis on various key factors and potential growth opportunities and risks.The report further analyzes the factors and initiatives contributing to the growth of the market.The report focuses on leading regions and their major countries to assess the market growth in the forecast years.
In-depth regional analysis covers: North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/238The competitive landscape of the Coding and Marking Equipment market is intense as players are actively engaged in the technological advancements, product developments, product pricing, research innovations, and other growth tactics.
The latest trending report Global Coding and Marking Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Coding and Marking Equipment market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Coding and Marking Equipment industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Coding and Marking Equipment and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/20693-coding-and-marking-equipment-market-analysis-reportThe major players covered in Coding and Marking Equipment are:Brother (Domino)KGKITW (Diagraph)Danaher (Videojet)Matthews Marking SystemsDover (Markem-Imaje)Squid InkHitachi Industrial EquipmentID Technology LLCKBA-MetronicControl printBeijing ZhihengdaSATOChongqing Zixu MachineKingleeREA JETPaul LeibingerSUNINEEC-JETMacsaBy Type, Coding and Marking Equipment market has been segmented intoInkjet PrintersLaser PrintersThermal Transfer Overprinting PrintersOthersBy Application, Coding and Marking Equipment has been segmented into:Food and BeveragePharmaceutical and HealthcareConstruction and ChemicalsElectronicsOthersThe report offers in-depth assessment of the growth and other aspects of the Coding and Marking Equipment market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Coding and Marking Equipment Market @ https://www.decisiondatabases.com/contact/download-sample-20693The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Coding and Marking Equipment product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Coding and Marking Equipment, with price, sales, revenue and global market share of Coding and Marking Equipment in 2018 and 2019.Chapter 3, the Coding and Marking Equipment competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Coding and Marking Equipment breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Coding and Marking Equipment market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Coding and Marking Equipment sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Coding and Marking Equipment Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20693Other Reports by DecisionDatabases.com:Global Laser Coding and Marking Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Food and Beverage Coding and Marking Equipment Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Dot Peen Marking Machines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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