Global Coding and Marking Market to grow at a CAGR of 6.71% during the period 2017 - 2021; Finds New Report

Report forecast the global coding and marking market to grow at a CAGR of 6.71% during the period 2017-2021.

Coding and marking hardware/products are used to print product points of interest on the product. It helps to communicate credible data to clients and manufacturers. The codes on the products include information such as manufacturing date, expiry date, and product dimensions and number. The codes/marks imprinted on the products are useful to manufacturers as they help them maintain their brand image and reduce the risk of counterfeits reaching end-users.

The report covers the present scenario and the growth prospects of the global coding and marking market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of different types of coding and marking equipment. It also provides data on the different segments of the market based on applications and the technology of coding and marking that is used.

Browse This Report - Global Coding and Marking Market 2017 - 2021

The market is divided into the following segments based on geography:

• The Americas
• APAC
• Western Europe
• Eastern and Central Europe
• MEA

According to the report, one of the major drivers for this market is demand for high-speed coding and marking solutions. Companies that manufacture different types of products require codes to be marked on their products at high speeds to ensure optimized production. Vendors can price the coding and marking equipment high because of the variety in the printing mix and complexity of the printing pattern. Industries with nonstop production cycles cannot afford to have coder-related downtime.

Further, the report states that one of the major factors hindering the growth of this market is sustainability in production. One of the most important steps in assembling electronic parts is cleaning the printed circuit board with liquor to remove solder residue and other unnecessary components. It is essential for the codes to survive the procedure without influencing other electronic components such as transistors and capacitors. Though manufacturers have managed to produce inks and liquids that can survive the cleaning procedure, the cost of manufacturing such products is high, which, in turn, increases the cost of the final product. This is a major challenge that vendors are currently facing in the market.

Global Coding and Marking Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global coding and marking market: Markem-Imaje, Danaher, Domino Printing Sciences, and ITW Diagraph.

Other Prominent Vendors in the market are: Iconotech, Paul Leibinger, SATO America, and Engage Technologies.

Market driver

• Demand for high-speed coding and marking solutions
• For a full, detailed list, view our report

Market challenge

• Sustainability in production
• For a full, detailed list, view our report

Market trend

• Technological advances in coding equipment
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages “Global Coding and Marking Market 2017 - 2021” report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by technology, Market segmentation by end-user, Market segmentation by geography, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.

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For related reports please visit: Codingand Marking Market Research Reports

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