Automatic numbering machinesare used to reveal an image at the surface of a product such as date and number stamp, serial number, and inspection stamp. Automatic numbering machines are used to draw numbers on various types of materials such as alloys, anodized, black paper, ceramic, ebony, glass, leather, metals, plastics, polycarbonate, polymers, precious stones, rubber, silicon, textiles, and wood.Number plate of automatic numbering machines have numbers, letters, signs, and special logos.The global automatic numbering machines market is projected to expand at a rapid pace, during the forecast period owing to increasing demand for automatic numbering machines from different industries such as food & beverages, chemicals, oil & gas, and manufacturing.
COVID-19 impact on industry -
COVID-19 pandemic has shut-down the production of various products inautomatic numbering machine industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of automatic numbering machinemarketsignificantly from last few months, as is likely to continue during 2020.
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in demand for reliable equipment
Rise in demand for reliable andcutting edge equipment from manufacturing and industrial sectors for production processes is the major factor projected to propel the market growth in the next few years.A shift from manual numbering machines to automatic numbering machines is expected to fuel the growth of the market globally.Furthermore, surge in demand for these machines from aerospace, packaging, electronics, medical, automotive, and other industries for drawing date and number stamp, serial number, and inspection stamp is anticipated to fuel the demand for automatic numbering machines in the market.
Development of new products
Development of new products globally is further projected to drive the growth ofthe automatic numbering machines market. This is primarily because automatic numbering machines are used to emboss alphanumerical codes on the product, which is projected to propel the market growth.Availability of substitute products with better functionality such as marking machines is a major factor expected to hinder the market growth in the next few years.
Key benefits of the report:
- This study presents the analytical depiction of theautomatic numberingmachine market along with the current trends and future estimations to determine the future of the market
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of theautomatic numberingmachine marketshare.
- The current market is quantitatively analyzed to highlight the automatic numberingmachinemarket growth scenario.
Automatic Numbering Machine Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Applications |
|
 By Region |
|
 Key Market Players | Monode Marking Products, Inc., Automator International Srl, Röltgen GmbH, Ernst Reiner GmbH & Co. KG, SOMAUT S.r.l., Pannier Corporation, Pryor Marking Technology, Leibinger Group |
Loading Table Of Content...
