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InfoTrends/CAP Ventures Projects Ink Jet Coding Market to Grow to $432 Million by 2008


(Weymouth, MA) January 17, 2005…InfoTrends/CAP Ventures has released a new multi-client study entitled Ink Jet Coding Overview and Outlook 2004: A Market Report . This study examines the North American market for ink jet coders and related annuities and provides a near-term forecast for the various ink jet technologies involved. It also estimates and forecasts coder revenues in the EMEA (Europe/Middle East/Africa) region, the Asia-Pacific region, and Latin America .

According to the study, the North American ink jet coding market will increase from $377 million in 2003 to nearly $432 million by 2008, representing a Compound Annual Growth Rate (CAGR) of nearly 3%. This solid yet slow growth rate can be attributed to the maturity of the market, declining device prices, and the rise of alternate technologies.

Estimated North American Ink Jet Coding Equipment and Annuities Market Revenues, All Technologies – 2003-2008 ($M)

“A general theme of this study is the market’s maturity. Only thermal ink jet units, which now represent a tiny part of the market, are young and growing fairly quickly,” commented Bob Leahey, a Director at InfoTrends/CAP Ventures. “In spite of its maturity and competition from laser and other technologies, the ink jet coding market is expected to have a steady source of customers in the years ahead. Some core applications such as bottle coding are deep, but scores of different business categories report extensive use of ink jet coding.”

Key findings include:

  • Continuous ink jet (CIJ) and piezoelectric printers for primary coding accounted for $95 million in sales in North America during 2004 and are expected to grow to $104 million in 2008. All secondary printers accounted for $57 million in North American sales during 2004, and this number will reach $58 million in 2008.
  • The world market for primary and secondary ink jet coding equipment totaled nearly $534 million in 2004, and this is expected to reach $627 million in 2008.
  • North American shipments of thermal ink jet (TIJ) based coders are expected to show a CAGR of 13% through 2008, the highest growth rate among all coding devices.

Research for this study consisted of an examination of annual reports from equipment vendors or their parent companies, as well as a series of telephone interviews with leading equipment vendors and distributors. InfoTrends/CAP Ventures also received confidential shipment data from individual manufacturers of ink jet coders and used it to create aggregate market estimates for this study.

By weighing insights and viewpoints from the sources cited above, InfoTrends/CAP Ventures has created a strong view of the current market for ink jet coders in North America and beyond. This study contains critical information that will enable ink jet coders to stay ahead of the trends while informing them about significant market obstacles that lie ahead.

InfoTrends/CAP Ventures study is available immediately for purchase. For more information on the study or to make a purchase, please contact Scott Phinney at , ext. 123 or via e-mail at .

InfoTrends/CAP Ventures is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends/CAP Ventures is available on the Web at www.infotrendsresearch.com.

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Allison Jones
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