NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The global
barcode label printer market size is estimated to grow by
USD 1.59 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of almost 6.78% during the forecast period.
Increasing adoption of two-dimensional (2D) barcodes is
driving market growth, with a trend towards recent
developments in barcode label printer. However, increased
adoption of RFID printers poses a challenge. Key market players
include Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother
Industries Ltd., cab Produkttechnik GmbH and Co. KG, Citizen
Watch Co. Ltd., Datalogic SpA, Fujitsu Ltd., GAINSCHA TECHNOLOGY
GROUP Co., Honeywell International Inc., Newell Brands Inc., Panth
Enterprise, Postek Technologies Inc., SATO Holdings Corp., Seiko
Epson Corp., Shandong New Beiyang Information Technology Co. Ltd.,
Toshiba Corp., TSC Auto ID Technology Co. Ltd., WINCODE Technology
Co. Ltd., and Zebra Technologies Corp.
![Technavio has announced its latest market research report titled Global barcode label printer market 2024-2028 Technavio has announced its latest market research report titled Global barcode label printer market 2024-2028](https://mma.prnewswire.com/media/2481093/Technavio_Global_barcode_label_printer_market_2024_2028.jpg)
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Barcode Label
Printer Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.78%
|
Market growth
2024-2028
|
USD 1592.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.23
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 34%
|
Key
countries
|
US, China, Japan,
Germany, and India
|
Key companies
profiled
|
Avery Dennison Corp.,
Barcodes Inc., Brady Corp., Brother Industries Ltd., cab
Produkttechnik GmbH and Co. KG, Citizen Watch Co. Ltd., Datalogic
SpA, Fujitsu Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell
International Inc., Newell Brands Inc., Panth Enterprise, Postek
Technologies Inc., SATO Holdings Corp., Seiko Epson Corp., Shandong
New Beiyang Information Technology Co. Ltd., Toshiba Corp., TSC
Auto ID Technology Co. Ltd., WINCODE Technology Co. Ltd., and Zebra
Technologies Corp.
|
Market Driver
The global barcode label printer market is experiencing a
significant increase in new product launches, which is motivating
consumers to explore and purchase a diverse range of barcode label
printers based on their specific needs. This trend is intensifying
competition in the market, leading manufacturers to innovate and
differentiate their offerings. In January
2023, Citizen Systems America introduced the CL-H300SV, the
latest addition to its desktop barcode printer lineup. TSC Auto ID
Technology launched the Alpha-30R 3-Inch Performance Mobile Barcode
Label Printer in June 2022, offering
two models with varying features and media support. SATO Group
unveiled the PV4 mobile barcode label printer in January 2021, catering to high-volume e-commerce
operations with its best-in-class media capacity and versatile
interface options. These product launches are expected to fuel the
expansion of the global barcode label printer market in the coming
years.
The Barcode Label Printer market is witnessing significant
trends, with mobile printers gaining popularity in various industry
verticals. Packaged goods companies are automating production lines
to streamline processes and reduce wastage. Output efficiency is
key, with advancements in barcode technology, including Matrix, 2D
codes like QR, and QR barcode readers on camera phones. Barcode
printers come in various forms, from industrial to specialty
models, printing on labels, receipts, and even directly onto
physical objects. EANs and UPCs remain standard, while Radio
Frequency Identification (RFID) and robotics are modern
technologies driving innovation. Key sectors include packaged food,
assembly lines, and production, aiming for quick response times.
Technologies like Direct Thermal, Thermal Transfer, Ink Jet, Laser
Printing, and Dot Matrix cater to different needs. A well-developed
infrastructure supports this industry, with a strong development
base in the Ecommerce industry. Metal ribbon capacity and printer
types, including industrial, desktop, and portable models, further
diversify the market.
Discover 360° analysis of this market. For
complete information, schedule your consultation - Book
Here!
Market Challenges
- RFID label printers produce labels with a unique ID or
electronic product code, featuring both a barcode and
human-readable text. These printers integrate a reader and printer
into one machine, catering to mass printing and encoding
applications. While barcodes can store limited data, RFID tags,
incorporated into these printers, offer non-volatile memory and can
store up to 8 kb of information. With growing RFID technology
adoption, manufacturers design RFID smart printers for handling
common RFID inlays and large data storage. Their ease of service,
integration with network technology, and enhanced capabilities
contribute to their increasing popularity, potentially hindering
the barcode label printer market growth.
- The Barcode Label Printer market faces several challenges in
catering to diverse industry verticals. Specialty printers for
barcode tags, receipts, and labels on physical objects require
advanced technologies like EANs and UPCs for efficient tracking.
Radio frequency identification (RFID) and robotics integration are
becoming essential for modern industries, including the
International Federation of Packaging Industries. Industrial
printers for large-scale production, desktop printers for small
businesses, and portable printers for on-the-go use each have
unique requirements. Technology choices include direct thermal,
thermal transfer, ink jet, laser printing, and dot matrix. A
well-developed infrastructure is crucial, with features like Dual
WiFi and Bluetooth options, PLC integration, and high-resolution
barcode labels (600 dpi, 14 ips) becoming industry standards.
Product types, such as packaged food, demand barcode labels with
specifications like IMPACT series, Four-inch desktop printers, and
printing speeds. Adapting to modern technologies while catering to
various industries and product types requires innovative solutions.
Metal barcode tags, ribbon capacity, and Ecommerce industry
integration are additional considerations.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This barcode label printer market report extensively covers
market segmentation by
- Product
- 1.1 Industrial printers
- 1.2 Desktop printers
- 1.3 Mobile printers
- Application
- 2.1 Manufacturing
- 2.2 Transportation and logistics
- 2.3 Retail
- 2.4 Healthcare
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Industrial printers- Industrial printers play a
crucial role in various industries for high-volume labeling
applications, including order labeling and warehouse management.
Zebra Technologies and Honeywell International are major vendors
offering robust industrial printers, such as ZT600 Series and PXie
Series, respectively. These printers cater to manufacturing,
transportation and logistics, and retail sectors. Key applications
of industrial printers include asset management, compliance
labeling, cross-docking, lab sample tracking, receiving and
shipping, reverse logistics, work-in-process tracking, inventory
management, information labels, order labeling, and quality
control. The advantages of industrial printers, like error-proof
labeling, easy programmability, and advanced networking
connectivity and security, fuel their demand, making the market for
these printers grow significantly during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Barcode Label Printer market is experiencing significant
growth due to the increasing demand for automation and streamlining
in various industry verticals, particularly in packaged goods
production. Mobile printers are gaining popularity for their
flexibility and quick response, allowing for on-demand labeling in
assembly lines and production areas. Barcodes, including Matrix
barcodes, 2D codes, EANs, and UPCs, are essential for efficient
tracking and reducing wastage. Modern technologies like radio
frequency identification (RFID) and robotics are also being
integrated into barcode label printers to enhance output efficiency
and productivity. The International Federation for Automation and
the use of industrial robots further contribute to the advancement
of this market. Innovative solutions cater to diverse industry
needs, from industrial printers for large-scale production to
desktop and portable printers for small businesses. The market
continues to evolve, offering solutions for various product types,
such as packaged food, to meet the demands of the modern production
landscape.
Market Research Overview
The Barcode Label Printer market is witnessing significant
growth due to the increasing automation and streamlining of
processes in various industry verticals. Mobile printers are
gaining popularity in packaged goods sectors for quick response and
on-demand labeling. Modern technologies like Matrix barcodes, 2D
codes, and QR barcode readers are enhancing output efficiency and
reducing wastage. Barcode printers come in various types, including
industrial, desktop, and portable models, using technologies like
direct thermal, thermal transfer, ink jet, laser printing, and dot
matrix. The market is driven by the need for efficient production
time and the increasing use of barcodes on physical objects, such
as EANs and UPCs. Innovative solutions are also being developed for
industries like packaged food, using advanced technologies like
radio frequency identification, robotics, and PLC integration. With
a well-developed infrastructure and a wide development base, the
market is expected to continue growing, with new offerings like
Dual WiFi and Bluetooth options, high-resolution printing, and
specialty printers for specific applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Industrial Printers
- Desktop Printers
- Mobile Printers
- Application
-
- Manufacturing
- Transportation And Logistics
- Retail
- Healthcare
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/barcode-label-printer-market-size-is-set-to-grow-by-usd-1-59-billion-from-2024-2028--increasing-adoption-of-two-dimensional-2d-barcodes-boost-the-market-technavio-302221969.html
SOURCE Technavio