Barcode printers are application-driven devices where growth is dependent on the growth of the end-use industry. One such application is the manufacturing sector, where it is primarily used to label every part of the product as well as the final product with barcodes to reduce chaos in the production line and improve manufacturing efficiency.
The producing area in the present global situation is on a gradual but steady boom, thereby driving the sales of barcode printers during the forecast period.
However, the threat of RFID tags as substitutes to barcode labels and the low compatibility of barcode printers with different operating systems act as restraints in the global barcode printer market.
Improvements in international trade are also probably to force the increase of the barcode printers marketplace as each shipment imported or exported is categorized and coded with barcodes for the reason of recording and storing the facts approximately the goods or merchandise.
The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode printers, Mobile Barcode printers, and Others. The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by the Desktop Barcode Printer in the Barcode Printers Market.
The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference for sturdy and rugged barcode printers with higher productivity.
Barcoding machine has been an increasing number adopted inside the retail quarter in which it has to turn out to be the same old for labeling and storing information about the product. This information is later retrieved through scanners that provide the retailers approximately the count number of the equal product on the store floor and inventory in addition to presenting the clients and cashiers with the fee of the product.
The growing retail zone thanks to higher disposable earnings and consumerism and a lift in e-commerce has driven the growth of the barcode printer market.
Key Segments Covered
By Printer Type:
- Desktop Barcode Printer
- Industrial Barcode Printer
- Mobile Barcode Printer
By Printing Technology:
- Thermal Transfer
- Direct Thermal
- Dot Matrix
- Wax Ribbons
- Wax/Resin Ribbons
- Resin Ribbons
- Commercial Services
By Distribution Channel:
- Direct-to-End User
- Systems Integrator
- Asia Pacific Excl. Japan (APEJ)
- North America
- Latin America
- Eastern Europe
- Western Europe
- The Middle East and Africa (MEA)
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