The global demand for Card Personalization Machines Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.Regarding volume, the market was calculated XX Unit in 2021 and forecast to touch XX Unit by 2028 with a CAGR of XX% during 2022-2028.
Card personalization machine uniquely assigns a card to an individual based on stored or printed data. As the name suggests, it personalizes the smart cards or plastic cards as specified by the customer. It enables card manufacturers to produce different types of cards varying in shape and functionality. It uses certain technologies such as embossing, laser engraving, lamination, dye-sublimation and thermal printing. The device aims to produce smart cards cost-efficiently along with built-in security features. Card personalization machines find extensive usage in banks, financial institutions, and healthcare. It is also used in various government and commercial organizations to produce ID cards, driver's licenses and SIM cards.
Market Dynamics
The global card personalization machine market is anticipated to exhibit healthy growth in the forecasted period. The expanding use of payment cards worldwide is a significant element driving the development of the card personalization market. Increasing adoption of various cashless payment channels will augment the card personalization machine market. Increasing usage of DoD printing, buyers increasingly demanding EMV personalization, and accelerated demand for card personalization systems with rewritable technology are other essential factors favoring its market. Furthermore, brands emphasizing highly customized products to their customers will magnify its demand. On the contrary, data security issues are a major restraining factor for the growth of card personalization machines during the assessment period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of card personalization machines. The growth and trends of card personalization machines industry provide a holistic approach to this study.
Market Segmentation
This section of the card personalization machines market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Small-Volume
- Mid-Volume
- High-Volume
By Application
- Financial
- Government
- Healthcare
- Commercial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Card Personalization Machines market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Card Personalization Machines Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the card personalization machines market include Datacard, Muehlbauer, Atlantic Zeiser, Emperor Technology, NBS, Matica, Ulian Equipment. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.