The global industrial marking equipment market is valued at US$ 18.4 billion as of 2022. The market is expected to grow at a CAGR of 5.3% during the period 2022-2032, and by 2032, the market is expected to reach a valuation of US$ 30.84 billion.
| Attributes | Value |
|---|---|
| Industrial Marking Equipment Market Value (2022) | US$ 18.4 billion |
| Industrial Marking Equipment Market Forecast Value (2032) | US$ 30.84 billion |
| Industrial Marking Equipment Market Expected CAGR (2022 to 2032) | 5.3% |
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The demand for industrial marking equipment is expected to surge mainly due to the growth of target end use industries, where it acts like a capital equipment with low consumption rate. Thus, the growth of end use industries, like aerospace, electronics, etc. is expected to surge the market growth of the industrial marking equipment.
In the current times of social distancing, the industrial marking equipment acts in a contactless manner, which might further surge its application. Apart from that, the reduced lead time coupled with high volume-based marking with zero to minimum error devices is expected to further surge the share of this industrial handling equipment.
Furthermore, the availability of the latest marking technologies like robotic portable laser marking machine, CNC marking tools, etc. address a wide range of product requirements. The multifunctionality offered by the industrial marking equipment is also expected to surge these marking devices. These are used in labelling, identification, and tracking of products using certain technical specifications, like product dimensions, technical specifications, etc.
An increase in the number of production and manufacturing assembly lines represents massive opportunity for the industrial marking equipment market. In such facilities, this industrial labelling equipment is used to mark the principal components as well as the finished goods. This is an extremely crucial procedure, especially for export of goods for domestic and overseas market.
Talking on a market basis, the automotive, construction, semiconductor, and electronics sectors are expected to be the most crucial markets for the industrial marking equipment sector. Additionally, the defense and aerospace sector is expected to drive the market share in the developed regions of the globe.
However, the evolution of technology has led to the development of a number of suitable alternatives, which might potentially harm the market share going ahead. The integration of IoT and robotics represents more threats for the market.
Based on the regional analysis, North America is expected to be the largest market during the forecast period. It is owing to the fact that the OEM’s related to industrial marking equipment are mainly based in the North America because of the presence of end use industry development. Europe is expected to be the second largest market.
However, owing to rapid industrialization, Asia-Pacific is expected to be the fastest growing market. Moreover, the presence of massive semiconductor industry in the region is expected to make Asia-Pacific the market to watch-out for. Furthermore, rapid urbanization would mean surging construction sector, which represents a gold mine for the market of industrial marking equipment.
The Industrial Marking Equipment basically aids in labelling, identification and tracking of products in terms of identification no., product particulars, product dimensions, technical specifications, date and time of manufacturing, quantity, value, operating and handling instructions and supplier/country of origin details.
The industrial marking equipment has been mainly employed in production and manufacturing assembly lines where principal components as well as the finished goods are marked. This process is crucial during inventory management and logistics, especially in export of goods for domestic and overseas markets during scrutiny via excise and custom duty officials.
Industrial marking equipment market has evolved over a century beginning with primitive techniques such as engraving & embossing, which were done manually and has subsequently upgraded to computer programmed autonomous marking equipment having marking capability with or without contact to the subject material. The scope of subject materials has also increased from metal and wood to other types, for e.g., plastic, ceramics, fiberglass, etc.
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The industrial marking equipment market generally has been thriving on the growth and investment of the target end use industries since it acts as a capital equipment having a low consumption frequency. With the advent of consumption and trade of consumer and industrial goods, the end use industries such as aerospace, automotive, electronics, etc. have been the acting as the market drivers for industrial marking and hence its associated equipment.
However, in the regions such as Europe and Latin America, limited demand from end use industry can act as a restraint for the market expansion.
Contactless, reduced lead time and high volume based marking with zero to minimum error devices have been engineered by equipment manufacturers recently. These are the current trends in the industrial marking equipment market.
Various marking technologies such as robotic laser marking, CNC marking tools, etc. have been launched by OEMs for addressing a wide range of product and end use industry marking requirements. Product portfolio and scope of end use application have thus become the key differentiators in terms of market establishment for the OEMs. Inkjet systems are being used as a popular medium of marking.
The industrial marking equipment market can be segmented on the basis of product type such as Jet Stamps, Laser Marker Systems, Jet Shots/Markers, Inkjet Printers, Coders and Labelers. In terms of assembly, the market can be segmented into Portable Machines, Bench Top Machines, Laser Machines and others.
The end use industry for industrial marking equipment can be segmented according to: Defense and Aerospace, Automotive, Metal Working Industry, Electronics and Semiconductors, Energy including Oil & Gas, Medical and Surgical, Construction and Heavy Equipment and others.
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The OEMs related to industrial marking equipment market are mainly based in North America (U.S.) and Europe (Western & Eastern regions) owing to the end use industry development and their subsequent demand generated over a prolonged period of time.
The developing countries particularly in Asia Pacific are expected to drive the growth of industrial equipment and therefore the market would find its share in regions having a healthy manufacturing industry scenario during the forecast period.
Automotive, Construction along with Semiconductors and Electronics are poised to be the key markets for industrial marking equipment in countries such as China, India and Mexico, while the Defense and Aerospace industry is expected to drive the industrial marking equipment in the U.S. and Western Europe regions.
On the other hand, Energy sector in the U.S. and Middle East are expected to drive the market as well. With the ongoing process of manufacturing and trade of goods, related exports and logistics, the industrial marking equipment market is expected to witness a decent growth rate during the forecast period.
Examples of some of the market participants involved in the global industrial marking equipment market are: Ernst Reiner GmbH & Co. KG, Pryor Marking Technology, Foxjet, SIC Marking Group, Propen with other mid-small scale OEMs and regional enterprises.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 5.3% through 2032.
The market is currently valued at US$ 18.4 Bn in 2022.
The market is likely to grow to a valuation of US$ 30.84 Bn by 2032.
North America is likely to be a leading market during the forecast period.
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Industrial Marking Equipment Market
