Global Coding and Marking Equipment market is expected to reach USD 2470.62 million by the end of 2022
According to QYR study, the global Coding and Marking Equipment market is valued at USD 1913.54 million in 2016 and is expected to reach USD 2470.62 million by the end of 2022, growing at a CAGR of 4.35
According to QYR study, the global Coding and Marking Equipment market is valued at USD 1913.54 million in 2016 and is expected to reach USD 2470.62 million by the end of 2022, growing at a CAGR of 4.35
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QYResearch<br />
North America <strong>is</strong> <strong>the</strong> largest consumption region <strong>of</strong> <strong>Coding</strong> <strong>and</strong> <strong>Marking</strong><br />
<strong>Equipment</strong>, with a consumption <strong>market</strong> share nearly 34.94% in 2016. The<br />
second place <strong>is</strong> Europe; following North America with <strong>the</strong> consumption<br />
<strong>market</strong> share over 33.26% in 2016. The Asia Pacific area will be in need <strong>of</strong><br />
more coding <strong>and</strong> marking printers in <strong>the</strong> coming few years due <strong>to</strong> <strong>the</strong> kick<strong>of</strong>f<br />
<strong>of</strong> Trans -Pacific Partnership Agreement which will create more plants<br />
<strong>of</strong> manufacturing industries.<br />
Continuous inkjet equipment has been implemented <strong>the</strong> most since <strong>the</strong><br />
innovation <strong>of</strong> coding <strong>and</strong> marking equipment due <strong>to</strong> <strong>the</strong> economic <strong>and</strong> high<br />
efficient features. Although CIJ <strong>is</strong> in no favor in terms <strong>of</strong> readability <strong>and</strong><br />
information capability, <strong>the</strong> dem<strong>and</strong> will not be bounced <strong>by</strong> o<strong>the</strong>r technologies<br />
because <strong>of</strong> <strong>the</strong> lowest initial investment.<br />
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