Global Electromagnetic Dot Peen Marking Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electromagnetic Dot Peen Marking Machines Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electromagnetic Dot Peen Marking Machines rely on electromagnetic force-driven needles to continuously impact the surface of parts. The dots punched out by Electromagnetic Dot Peen Marking Machines form numbers, characters, LOGO, and 2D dot matrix codes to meet traceability and identification requirements.

Market Overview:

The latest research study on the global Electromagnetic Dot Peen Marking Machines market finds that the global Electromagnetic Dot Peen Marking Machines market reached a value of USD 108.3 million in 2022. It’s expected that the market will achieve USD 144.44 million by 2028, exhibiting a CAGR of 4.92% during the forecast period.

Continuously increase R&D investment

Some related companies continue to increase research on IDI technology (Intelligent Drive Impact). IDI technology can imprint the same depth on irregular surfaces. IDI technology reduces setup difficulty and time and is automatically controlled by software. In general, with the continuous development of the Electromagnetic Dot Peen Marking Machines industry market, the market has become increasingly tense, and Electromagnetic Dot Peen Marking Machines companies have begun to increase investment in research and development to develop Electromagnetic Dot Peen Marking Machines. This will be one of the trends in the industry.

All walks of life continue to strengthen the traceability of components

In recent years, with the continuous development of the economy and the continuous improvement of people's consumption level, in addition to the demand for product quality improvement, the growth of safety awareness has also increased the importance of traceability. For example, traceability is permeating a wide range of fields such as food and pharmaceuticals, starting with the automobile and electronic parts industries. The demand for Electromagnetic Dot Peen Marking Machines is increasing as various industries continue to enhance the traceability of components. This will be one of the important reasons to promote the development of the industry.

Risks from Substitute Products

At present, in the product identification solution market, there are many types of solutions, and the market is relatively fierce. For example, there are two ways of labeling and marking. Among them, Electromagnetic Dot Peen Marking Machines belong to the category of marking. Compared with the marking scheme, the cost threshold of labeling is lower and relatively flexible, and variable information can be printed to achieve one item, one code traceability. In addition, the labeling will not damage the surface of the parts, with good reworkability and beautiful appearance; it can carry a large amount of information. Therefore, the Electromagnetic Dot Peen Marking Machines industry market faces a competitive threat from labeling solutions. In addition, in the entire marking market, the dot needle marking technology also faces the competitive risk brought by the scribing marking technology. Electromagnetic Dot Peen Marking Machines are a type of dot needle marking, so they also face the risk of substitution of scribed marking products. In general, there are various product identification solutions, and the industry market faces the risk of substitute products, which is one of the important challenges for the development of the industry.

Region Overview:

In 2022, the share of the Electromagnetic Dot Peen Marking Machines market in North America stood at 40.67%.

Company Overview:

SIC Marking is one of the major players operating in the Electromagnetic Dot Peen Marking Machines market, holding a share of 23.48% in 2022.

SIC Marking

SIC Marking provides and guarantees innovative and efficient permanent marking and proofing solutions to industrial customers around the world, enabling them to identify, verify and ensure the traceability of their products or components. The company specializes in traceability and vision systems, marking systems: laser, dot needle and scribing.

Gravotech

Global leader in the design, manufacturing and distribution of innovative solutions for engraving, marking and artistic modeling. The Gravotech Group represents a worldwide network present in 25 countries with more than 1000 employees working literally around the clock to provide our customers with exceptional permanent marking solutions.

Technomark

Technomark is revolutionizing the world of industrial marking. Whether customer needs for industrial traceability are for workstations, production islands, mobile or integration, Technomark has the right solution for permanent laser or dot stitch marking. Technomark offers solutions using two technologies: electromagnetic spot jet and fiber laser.

Segmentation Overview:

As for product types, the Benchtop segment held the largest market share in 2021.

Portable

Portable dot peen machines are easy to hold inone hand and allow operators to move around the shop and mark various items.

Benchtop

Benchtop dot peen machines are ideal to engrave tags, plates, and similar items at a steady location.

Integrated

Integrated dot peen machines can be integrated in production lines to automatically mark parts without requiring human intervention.

Application Overview:

The market's largest segment by application is the segment Metal, with a market share of 40.67% in 2021.

Key Companies in the global Electromagnetic Dot Peen Marking Machines market covered in Chapter 3:

Pryor Marking Technology
Nichol Industries
Gravotech
Markator
Couth
Geo. T. Schmidt Inc.
SIC Marking
Pannier
Technomark
Telesis
Lintech
Xinguang Technology
Kwikmark
Huapu Precision Machinery
Durable Technologies
Datamark

In Chapter 4 and Chapter 14.2, on the basis of types, the Electromagnetic Dot Peen Marking Machines market from 2018 to 2029 is primarily split into:

Benchtop
Portable
Integrated

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electromagnetic Dot Peen Marking Machines market from 2018 to 2029 covers:

Steel
Metal
Hard Plastics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)