Over the forecast period of 2016 to 2026, sales of barcode printers are expected to grow at a CAGR of 7.4%, primarily due to factors affecting their end-use. Barcode printers are specialized printing equipment used to print product labels and barcodes. Barcode printers use various kinds of consumables to produce a barcode print image, which makes them slightly different from traditional printers. These printers are designed to produce crisp, machine-readable barcode prints at faster printing speeds and with minimal out-of-pocket expenses.
Application-driven devices and barcode printer growth are reliant on the expansion of the end-use market. One such application is in the manufacturing industry, where barcodes are primarily used to label every component of the product as well as the finished product to improve manufacturing efficiency and calm the production line.
The manufacturing industry is expanding slowly but steadily in the current global environment, which will continue to drive barcode printer sales for the duration of the forecast.
Additionally, as each shipment imported or exported is labeled and coded with barcodes for recording and storing information about the goods or services, improvements in global trade are likely to fuel the growth of the barcode printer market.
The use of barcoding systems has grown significantly in the retail industry, where they are now the norm for labeling and storing product data. This data is later retrieved using scanners, which also give customers and cashiers the product’s price and inform retailers about the number of the same item they have in stock and on the shop floor.
The market for barcode printers has grown favorably as a result of rising consumerism and disposable income in the retail sector as well as an increase in e-commerce.
The global market for barcode printers is constrained by the threat of RFID tags replacing barcode labels and the limited compatibility of barcode printers with various operating systems.
Key Segments Covered
By Printer Type:
- Desktop Barcode Printer
- Industrial Barcode Printer
- Mobile Barcode Printer
- Others
By Printing Technology:
- Thermal Transfer
- Direct Thermal
- Dot Matrix
- Laser
- Ink-Jet
By Consumables:
- Ribbons
- Wax Ribbons
- Wax/Resin Ribbons
- Resin Ribbons
- Labels
By Application:
- Industrial/Manufacturing
- Transportation/Logistics
- Retail
- Healthcare
- Government
- Commercial Services
By Distribution Channel:
- Direct-to-End User
- Direct-to-OEM
- Dealer/Distributor
- Systems Integrator
By Region:
- Asia Pacific Excl. Japan (APEJ)
- North America
- Latin America
- Eastern Europe
- Western Europe
- Japan
- the Middle East and Africa (MEA)
