Barcode Printer Market, By Product (Mini Split Ac, Multi Split AC, VRF, Floor Ceiling), By Distribution Channel (Online, Offline), By Application (Commercial, Residential), By Pricing (Low, Medium, High), By Region - Global Analysis Forecast Till 2030

During the forecast period, the global barcode printer market is expected to grow at a moderate rate of 8.1%. In 2022, the market is currently valued at US$ 4.2 Billion.

A barcode printer is an electronic device typically used to print barcode tags or labels attached to shipped objects. The barcode printer employs direct thermal or thermal transfer techniques to apply ink labels. Although direct thermal printers are less expensive, if exposed to chemical vapors or direct sunlight, the labels produced by these printers can become illegible.

Barcode printers are classified according to their printing type, including desktop barcode printers, mobile barcode printers, and industrial barcode printers. They are commonly used in the manufacturing, transportation, government, healthcare, commercial services, and retail industries.

Market Dynamics

Drivers

Barcodes have made it easier for consumers to use various goods and supplies. They have become the standard format for storing and labeling product information. A barcode label affixed to a product can store the date of manufacture, the date of delivery to the retailer, the number of products, the selling price, etc. The information is retrieved and displayed on the screen when the products are scanned. This entire process takes only a few seconds, which increases efficiency and reduces errors. This, in turn, helps retailers maintain product and inventory data. Major retailers around the world, including Walmart, IKEA, Costco, Carrefour, etc., use barcodes on all their products. Therefore, the growing preference for accuracy and speed is driving barcode printer market growth.

Restraints

Although barcodes can be used to retrieve necessary information, they cannot be used to add new data. RFID tags are similar to barcodes, but they have additional capabilities. For example, data from RFID tags can only be obtained when they are within the scanning radius of a radio scanner, which does not require a straight line of sight as barcode scanners do. This system is very useful, especially in theme parks and hospitals, where RFID tags on wristbands reduce the time required to tag each individual. RFID tags are also widely used in manufacturing plants and logistic warehouses, where every product is scanned. As a result, growing RFID adoption is expected to stifle barcode printer market growth in the near future.

Key players:

• Avery Dennison Corporation 

• Dascom Holdings Ltd 

• OKI Electric Industry Co. Ltd 

• Printronix Auto Id Inc.

• TSC Auto Id Technology Co. Ltd

• Apogee Industries Inc. 

• Sato Holdings Corporation 

• Honeywell International Inc.

• Zebra Technologies Corporation 

• Toshiba Tec Corporation 

• Canon Inc.

• Fujitsu Ltd

Market Segmentation:

Barcode Printer Market, By Product

• Mini Split Ac

• Multi Split AC

• VRF

• Floor Ceiling 

Barcode Printer Market, By Distribution Channel

• Online

• Offline

Barcode Printer Market, By Application

• Commercial

• Residential

Barcode Printer Market, By Pricing

• Low

• Medium

• High

Barcode Printer Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

North America dominated the global barcode printer market in 2021 and is expected to continue to do so throughout the forecast period. This is due to the widespread awareness of barcode printers use in healthcare, transportation, and logistics industries.

North America is a major producer of barcode printers. A large number of companies are present in this region, including Zebra Technologies, Honeywell International, and Brother Industries. This company manufactures barcode printers. Furthermore, the United States leads the market in North America due to its well-established economy. Barcode labels and tags aid in determining the location and status of assets in industries such as manufacturing, transportation, and healthcare. As a result, barcode labels and tags require barcode printers in these industries.

The Asia Pacific Region is expected to grow significantly over the forecast period, owing to growth in the retail, manufacturing, and transportation infrastructure industries in countries such as India and China.

Scope of the Report:

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