According to the Market Statsville Group (MSG), the global handheld inkjet marking machine market size is expected to grow at a CAGR of 4.6% from 2022 to 2030.
Handheld inkjet printers, sometimes referred to as TIJ printers or inkjet coders, employ an external printhead to apply ink to a surface. Specialized inks provide a clear, durable mark and dry rapidly. Compared to stencils or markers, portable inkjet printers have a number of distinct advantages. They can quickly print extremely noticeable marks on practically any surface, smooth or porous, in only a few seconds. Additionally, portable inkjet printers can print barcodes that are readable by machines, which can be utilized to eliminate further errors and information that is misinterpreted. Inkjet coders use an external printhead to release ink onto a substrate; as they are designed specifically, inks may instantly dry on both porous and non-porous surfaces. The ink leaves a high-quality, durable mark once it has dried. The Handheld Inkjet Marking Machine market is segmented into printing accuracy and application.
Portable inkjet marking machine costs varies from USD 200 to USD 6000, based on the functions and specification of the product. A large number of manufacturers of handheld inkjet marking machines are headquartered in China, where the local vendors supply at a relatively lesser cost. With the rise of the ecommerce sector in East Asia and Southeast Asia, driven by the digital payment sector and consumer trends, the demand for inkjet marking machine will further escalate in the region.
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Global Handheld Inkjet Marking Machine Market Dynamics
The continuous rise in the proliferation of handheld inkjet marking machines is backed by the demand for portable marking machines in warehouses. Most warehouses employ a portable printer as a regular piece of equipment. These warehouses have to maintain an extensive inventory of goods. Typically, the handheld inkjet marking machine print several barcodes and QR codes and then store the information in a computer that tracks all of the items. This further assists in maintaining a record of the stockpiles of various items in the storage space.
COVID-19 Impact on the Global Handheld Inkjet Marking Machine Market
The COVID-19 pandemic has considerably affected the world economy, even if the market for handheld inkjet marking machines was only partially affected. Handheld inkjet marking devices saw a decline in demand as a result of industry closures. However, the rise in home delivery and the packaging of pharmaceuticals has kept the need for portable inkjet marking machines high. During the global lockdown, many small businesses expanded, which increased demand for these useful marking devices that help with logistics.
Therefore, it may be claimed that this industry managed to endure the hit while neither flourishing nor declining.
Scope of the Global Handheld Inkjet Marking Machine Market
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The study categorizes the handheld inkjet marking machine market based on printing accuracy and application at the regional and global levels.
By Printing Accuracy (Sales, USD Billion, 2017-2030)
- Above 600DPI
By Application (Sales, USD Billion, 2017-2030)
By Region Outlook (Sales, USD Billion, 2017-2030)
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
Manufacturing segment accounts for the largest market share during the forecast period by Application
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Based on application, the market is bifurcated into manufacturing, logistics, and others. During the forecast period manufacturing segment accounts for the largest market share. The boom in the manufacturing sector is the result of rapid industrialization and mass manufacturing to cut down on imports. This business creates the highest demand for inkjet marking equipment because of its considerable marking rigor. But because of the growth of e-commerce, the units are under pressure to mark the batch and send it out quickly. Therefore, the handheld marking device works well to solve this issue because it takes less time and marks the batch effectively.
Subsequently, the packaging industry is expected to take over the market in the near future due to rapid advancements in e-commerce. Further, the growing FMCG, pharmaceutical, food processing, manufacturing industry, healthcare sector, and auxiliary in emerging economies such as China, India, Brazil, Russia, and a few other East European countries contribute a major share in augmenting the segmental growth over the forecast period.
Asia Pacific is projected to account for the largest market share, by Region
Based on the regions, the global handheld inkjet marking machine market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East Africa. Asia Pacific will dominate the global handheld inkjet marking machine market in 2021. Due to increasing foreign investment and government backing for industrial development, China is expected to be a significant country driving growth in this region. China is said to be the hub of mass manufacturing, enhancing the requirement for handheld printing. Also, China is among the major manufacturers of these handheld inkjet marking machines, contributing to this region's dominance.
Key Market Players in the Global Handheld Inkjet Marking Machine Market
The global handheld inkjet marking machine market is quite competitive, with key industry players adopting strategies such as product development to strengthen their market positions. For instance, in September 2018, REINER presented the new handheld inkjet printer jetStamp 1025 at the important trade fair for packaging technology, the FachPack, in Nuremberg, Germany and astonished the specialist audience with its features.
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Major players in the global handheld inkjet marking machine market are:
- EBS Ink Jet Systeme
- Wuhan Xiantong Technology
- Wuhan Weilida Inkjet Technology
- Ernst Reiner
- Hefei Hanjie Packing Machinery Ink-jet Printer
- Wuhan HAE Technology
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