Articles
U.S. Coding and Marking Systems Outlook By Drivers, Key Vendors, Opportunities And Forecast to 2023
by Deepak Kumar Sr. SEO Executive
U.S. coding and marking systems market is projected to reach $860.6 million by 2023. The market growth is mainly driven by increasing demand of coding and marking systems from the automotive industry.These properties lead to surge in their demand in the market.
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On the basis of technology, the U.S. coding and marking systems market is segmented into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking. Of these, laser coding and marking is the fastest growing category in the market, with respective volume and value CAGRs of 7.9% and 8.7% during the forecast period.
Laser coding printers provide readable text, graphics, and serial numbers along with 2D codes on different packaging cartons, metal, plastics, and flexible packaging, with the highest quality. These properties lead to surge in their demand in the market.
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3.0% growth in printing and identification platform during the fourth quarter of 2017.
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Some of the major players operating in the U.S. coding and marking systems market are ID technology, REA Elektronik GmbH, Domino Printing Sciences plc, Matthews International Corporation, Dover Corporation, and Danaher Corporation.
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About Deepak Kumar 
Sr. SEO Executive
133 connections, 0 recommendations, 367 honor points.Joined APSense since, May 30th, 2017, From New York, United States.
Created on Jun 25th 2018 02:21. Viewed 267 times.
