USD 3.86 Billion
Barcode Printer Market Size, Share, Growth Analysis, By Printer Type(Desktop Barcode Printers, Industrial Barcode Printers, Mobile Barcode Printers), By Printing Technology(Direct Thermal, Thermal Transfer, Inkjet, Laser), By Connectivity(Wired, Wireless), By Application(Retail, Manufacturing, Healthcare, Transportation and Logistics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20K2004 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
119
|Figures:
77
Barcode Printer Market Insights
Global Barcode Printer Market size was valued at USD 3.86 Billion in 2022 and is poised to grow from USD 4.35 Billion in 2023 to USD 11.22 Billion by 2031, at a CAGR of 12.58% during the forecast period (2024-2031).
The global barcode printer market is experiencing significant growth globally. Our report contains detailed information on the value chain analysis for the barcode printer market, which manufacturers can use to gain a competitive edge during the projected period. The increased demand for industrial printers across numerous industrial sectors is expected to fuel development. The increased use of barcode printers to streamline logistical operations is driving the expansion. While barcode printers provide an efficient way to monitor products as they move through the supply chain, they also aid in the storage of IoT numbers and serial numbers to handle information as the product moves through different channels, thereby encouraging the adoption of barcode printers. The retail sector is the primary application for direct thermal technology, which generates pictures using heat on a heat-sensitive substrate. Because of these properties, direct thermal technology is a good solution for transit product identification and tracking labels, such as parcel distribution and outside case and pallet markings.
The increased use of automated identification and data capture technologies for increasing productivity, as well as growing concerns about product safety and anti-counterfeiting, is driving the thermal printer industry. The expanding use of thermal printing technology in the newest on-demand printing applications broadens the applicability of thermal barcode printers.
US Barcode Printer Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
thermal transfer printer
Fastest Growth
thermal transfer printer
Growth Rate
12.58% CAGR
Global Barcode Printer Market ($ Bn)
Country Share for North America Region (%)
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Barcode Printer Market Segmental Analysis
Global barcode printer market is segmented on the basis of printer type, printing technology, connectivity, application and region. By printer type, the market is segmented into desktop barcode printers, industrial barcode printers, mobile barcode printers, others. By printing technology, the market is segmented into direct thermal, thermal transfer, inkjet, laser. By connectivity, the market is segmented into wired and wireless. By application, the market can be segmented into retail, manufacturing, healthcare, transportation and logistics, and government. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Barcode Printer Market Analysis By Printer Type
The largest segment in the barcode printer market is the industrial barcode printer segment. These printers cater to the needs of industries with high printing volumes and stringent requirements for durability and speed. The industrial segment benefits from the rising adoption of barcoding technology in sectors such as manufacturing, distribution, and logistics, where efficient and accurate barcode printing is critical for inventory management and supply chain optimization. The industrial barcode printer segment's dominance can be attributed to its ability to handle large-scale printing requirements and its reliability in demanding environments.
On the other hand, the fastest-growing segment in the barcode printer market is the mobile barcode printer segment. This growth can be attributed to the increasing demand for mobile printing solutions in industries such as transportation and logistics, field service, and retail. Mobile barcode printers offer the convenience of on-the-spot printing, eliminating the need for workers to return to a fixed printing station. They enable real-time labeling, receipt printing, and data capture, enhancing operational efficiency and productivity. The rising penetration of smartphones and tablets, coupled with advancements in wireless connectivity technologies, further drives the adoption of mobile barcode printers.
Barcode Printer Market Analysis By Printing Technology
The largest segment in the barcode printer market is the thermal transfer printing technology segment. Thermal transfer printing technology, on the other hand, uses a ribbon that transfers ink onto the label or tag. This results in durable and long-lasting barcodes, making it suitable for applications requiring resistance to heat, moisture, and chemicals. Thermal transfer printers offer high-quality printing and are commonly used in industries such as manufacturing, healthcare, and electronics. This segment holds a considerable market share due to its reliability, versatility, and ability to generate highly readable barcodes in demanding environments.
The fastest-growing segment in the barcode printer market is the inkjet printing technology segment. The demand for inkjet printers is increasing, driven by industries that require color barcodes for branding, product differentiation, and aesthetic appeal. The ability to print high-resolution and multi-colored barcodes on various media types provides businesses with more flexibility and creativity in their labeling and packaging strategies. The inkjet segment's growth is also supported by advancements in inkjet technology, which have improved print quality, speed, and cost-efficiency.
Global Barcode Printer Market By Printing Technology
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Barcode Printer Market Regional Insights
The largest market region in the barcode printer market is North America. North America has a well-established retail sector, advanced logistics and supply chain management systems, and a high adoption rate of barcoding technology across various industries. The region's strong presence of key market players, technological advancements, and robust infrastructure contribute to its dominance in the barcode printer market. Moreover, the e-commerce industry's rapid growth in North America further drives the demand for barcode printers for efficient inventory management and order processing. Overall, North America's developed economies and mature market conditions make it the largest market region for barcode printers.
The fastest-growing region in the barcode printer market is Asia Pacific. The Asia Pacific region is experiencing significant economic growth, industrial development, and a rapid expansion of the e-commerce sector. Countries like China, India, Japan, South Korea, and Southeast Asian nations are witnessing a surge in industrial activities and increasing investments in logistics and supply chain management infrastructure. This, coupled with the growing retail sector, is driving the demand for barcode printers to streamline operations and enhance inventory management in the region. Additionally, the rising adoption of advanced technologies, such as automation and IoT, further fuels the growth of the barcode printer market in Asia Pacific.
Global Barcode Printer Market By Region
- Largest
- Fastest
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Barcode Printer Market Dynamics
Barcode Printer MarketDrivers
The Growing Need For Efficient Inventory Management
- Barcode printers play a crucial role in automating and streamlining the process of labeling, tracking, and managing inventory across various industries. By enabling accurate and real-time data capture, barcode printers improve inventory accuracy, reduce errors, and enhance overall operational efficiency. With the increasing complexity and scale of supply chains, businesses are recognizing the importance of barcode printers in ensuring smooth inventory flow, minimizing stockouts, and enhancing customer satisfaction.
Barcode Printer Market Restraints
High Initial Investment Cost Associated
- Barcode printers, especially those designed for industrial applications, can be expensive, particularly for small and medium-sized businesses with limited budgets. Additionally, there are additional costs involved in procuring barcode labels, ribbons, and maintenance services. The cost of integrating barcode printing solutions into existing systems and training employees on barcode technologies can also pose financial challenges for organizations.
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Barcode Printer Market Competitive Landscape
The Global Barcode Printer Market features a highly competitive landscape with the presence of several key players. Some of the prominent players in the market focus on product innovation and technological advancements to gain a competitive edge. They invest significantly in research and development to introduce new features and functionalities in their Barcode Printer solutions. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies employed by these players to expand their market presence and enhance their product portfolios. With the growing demand for Barcode Printer solutions, the competition among these players intensifies, leading to continuous advancements and improvements in the market offerings.
Barcode Printer Market Top Player’s Company Profile
- Toshiba Tec Corporation (Japan)
- Avery Dennison Corporation (US)
- TSC Auto ID Technology Co., Ltd. (Taiwan)
- Seiko Epson Corporation (Japan)
- Printronix Auto ID (US)
- Datalogic S.p.A. (Italy)
- Citizen Systems Japan Co., Ltd. (Japan)
- Brady Corporation (US)
- Godex International Co., Ltd. (Taiwan)
- Bixolon Co., Ltd. (South Korea)
- CognitiveTPG (US)
- Postek Electronics Co., Ltd. (China)
- Wasp Barcode Technologies (US)
- Dascom Holdings Limited (Hong Kong)
- GoDEX International Co., Ltd. (Taiwan)
- Primera Technology, Inc. (US)
- SATO America, LLC (US)
Barcode Printer Market Recent Developments
-
In March 2023 Barcodes Group and SVT Robotics, a leader in enterprise software for the rapid deployment of robotics, joined forces to accelerate the integration of Barcodes Group’s AMR portfolio within manufacturing and fulfillment warehouses.
-
In January 2023 Citizen Systems America Corporation, one of the leading manufacturers of world-class printing technology, announced the addition of its new desktop barcode printer lineup.
- In January 2023, TSC Printronix Auto ID (“TSC”), a global leader in barcode label printing solutions announced a new partnership with Distribution Management (“DM”), a large national value-added distributor of print and imaging solutions.
- In September 2022, Barcodes Group launched new data capture products under its AirTrack brand: the AirTrack IP-2A Industrial Printer and the AirTrack R2 Series Wireless Bluetooth Rugged Scanner. Both products provide high quality data capture, exceptional durability, and a competitive price.
Barcode Printer Key Market Trends
- Integration of advanced connectivity and wireless technologies: The integration of advanced connectivity and wireless technologies enables mobile printing solutions, where workers can easily print labels, tags, or receipts directly at the point of application. This eliminates the time-consuming process of returning to a central printing station and improves workflow efficiency. It also enables real-time updates, ensuring accurate and up-to-date information is captured and reflected in the barcode labels. The integration of wireless technologies enables remote management and monitoring of barcode printers.
Barcode Printer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the barcode printer market is poised for significant growth in the coming years, driven by the increasing adoption of barcode technology across various industries for efficient inventory management and supply chain optimization. The future scope of the market looks promising, as businesses strive to automate and streamline their operations, reduce errors, and improve productivity. One of the most driving factors in the market is the growing need for accurate and real-time data capture, which barcode printers enable. The largest segment in the market is the industrial barcode printer segment, catering to the needs of industries with high printing volumes and stringent requirements for durability and speed. Meanwhile, the mobile barcode printer segment is the fastest-growing, fueled by the rising demand for on-the-go printing solutions. In terms of dominating countries, North America holds the largest market share, primarily driven by its well-established retail sector, advanced logistics infrastructure, and high adoption rate of barcoding technology. Overall, the barcode printer market is poised for continued growth, with advancements in technology, the expansion of e-commerce, and increasing emphasis on efficient supply chain management contributing to its future success.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.86 Billion |
| Market size value in 2031 | USD 11.22 Billion |
| Growth Rate | 12.58% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Barcode Printer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Barcode Printer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Barcode Printer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Barcode Printer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Barcode Printer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Barcode Printer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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