Industrial Coding Equipment is machine that print production date, barcode, trade mark and other product information on product surfaces and packages.
According to the new market research report “Industrial Coding Equipment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Industrial Coding Equipment market size was estimated at US$ 5473.01 million in the year 2023, is projected to reach a revised size of US$ 7988.98 million by 2030, growing at a CAGR of 5.51% during the forecast period 2024-2030.
- Global Industrial Coding Equipment Market Size (US$ Million), 2019, 2023 and 2030
Source: QYResearch, "Industrial Coding Equipment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers: The growth of the market can be attributed to the growing demand for industrial coding equipment, particularly from the pharmaceutical industries. Incumbents of the pharmaceutical industry are putting a strong emphasis on countering counterfeiting and tampering by using flexible packs, such as forming films, top webs, chevron pouches, header bags, and strip bags with specific codes and marking, which bodes well for the growth of the market.
- Global Industrial Coding Equipment, Global Market Size, The Top Five Players Hold 38.34% of Overall Market
Source: QYResearch, "Industrial Coding Equipment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
At present, the major players of Industrial Coding Equipment in the world include: Danaher, Han's Laser, Brother, Hitachi Industrial Equipment, Dover, Trumpf, SATO, ITW, Coherent and Koenig & Bauer Coding, among which Han's Laser is the world’s largest Industrial Coding Equipment manufacturer.
In 2023, the global top five Global Industrial Coding Equipment players account for 38.34% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Global Industrial Coding Equipment.
In terms of consumption, Asia-Pacific is the largest consumer market, with a market share of 47.52% in 2023. It is expected that Asia-Pacific will experience the fastest growth, with a CAGR of approximately 6.44% in the next few years.
About The Authors
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Chen - Senior Analyst |
| Email: Chenglijun@qyresearch.com
Sirui Chen is a senior research analyst who has 7 years’ experience in materials, chemicals and mineral resource. |
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