The Barcode Label Printer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Barcode Label Printer Global Market Report 2024, The barcode label printer market size has grown strongly in recent years. It will grow from $12.36 billion in 2023 to $13.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to automation in supply chain, regulatory compliance requirements, e-commerce and retail boom, globalization of supply chains, cost-effective labeling solutions.
The barcode label printer market size is expected to see strong growth in the next few years. It will grow to $17.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rise of smart factories and industry 4.0, growing demand for rfid integration, expansion of e-commerce and online retail, sustainability and eco-friendly labeling, integration with enterprise resource planning (erp) systems. Major trends in the forecast period include integration of rfid technology, rise of cloud-based printing solutions, mobile printing solutions, focus on energy efficiency and sustainability, advancements in printing speed and precision.
The rising number of thefts and frauds is expected to propel the growth of the barcode label printer market. Thefts and frauds are illicit activities in which someone else’s property, money, or assets are illegally stolen or misled, the physical act of stealing anything without permission or legal right is referred to as theft, whereas fraud involves purposeful deception or misrepresentation for personal or financial advantage. Barcode label printers can help organizations reduce the risk of theft and fraud by improving inventory management, tracking and authentication, and access control. For instance, in 2023, according to the National Council on Identity Theft Protection 2023 Highlights, a US-based intergovernmental organization, the Federal Trade Commission (FTC) received 5.7 million fraud and identity theft reports in total, with identity theft accounting for 1.4 million of those. Additionally, total losses due to fraud are $10.2 billion. Therefore, the rising number of thefts and frauds is driving the growth of the barcode label printer market.
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The barcode label printer market covered in this report is segmented –
1) By Type: Industrial Printers, Desktop Printers, Mobile Printers
2) By Resolution: 300dpi, Between 301 To 600 dpi, Above 600 dpi
3) By Technology: Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, Dot Matrix
4) By End User: Manufacturing, Retail, Transportation And Logistics, Healthcare, Government, Entertainment, Other End Users
Top Major Players
Avery Dennison Corporation
Barcodes Inc.
Honeywell International Inc.
Postek Electronics Co. Ltd.
Printronix
Product innovations are a key trend gaining popularity in the barcode label printer market. Companies operating in the barcode label printer market are adopting new technologies to sustain their position in the market. For instance, in June 2022, TSC Auto ID Technology Co. Ltd. a Taiwan-based company specializing in the design and manufacturing of thermal label printers launched a new Alpha-30R 3-inch performance mobile barcode label printer. It is appropriate for routine receipt printing applications because to its robust design, big media capacity, and IP54 rating (without a protective casing). There are two varieties of the printer: basic and premium. The premium model has more functionality and supports a wider range of media types. Print speeds of up to 5 ips are supported by the basic model for receipt and label media, and up to 6 ips for a variety of receipt and label media when using the premium model. The printer can be used both indoors and outdoors because it is rated IP54 for protection against dust and water and meets MIL-STD-810 military specifications for drops and vehicle vibrations. Its easy-to-read LCD display, lightweight design, and portability make it possible to print labels and receipts while on the go.
The barcode label printer market report table of contents includes:
1. Executive Summary
2. Barcode Label Printer Market Characteristics
3. Barcode Label Printer Market Trends And Strategies
4. Barcode Label Printer Market – Macro Economic Scenario
5. Global Barcode Label Printer Market Size and Growth
………………………….
31. Global Barcode Label Printer Market Competitive Benchmarking
32. Global Barcode Label Printer Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Barcode Label Printer Market
34. Barcode Label Printer Market Future Outlook and Potential Analysis
35. Appendix
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