Barcode Label Printer Global Market Report 2024

The barcode label printer market 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 expansion observed in the historical period can be attributed to several key factors, including the implementation of automation within supply chains, the necessity to comply with regulatory standards, the surge in e-commerce and retail industries, the global integration of supply chains, and the adoption of cost-effective labeling solutions.

The barcode label printer market 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 anticipated growth in the forecasted period can be linked to the emergence of smart factories and Industry 4.0, an increased need for RFID integration, the expanding landscape of e-commerce and online retail, a growing emphasis on sustainable and eco-friendly labeling practices, and the integration of labeling systems with enterprise resource planning (ERP) platforms.

The upsurge in thefts and frauds is projected to be a catalyst for the barcode label printer market's expansion. These illicit activities involve the unlawful appropriation or deceptive acquisition of assets or finances. Barcode label printers serve as a crucial tool in mitigating such risks by enhancing inventory management, authentication, and access control. Reports from the National Council on Identity Theft Protection in 2023 highlighted a staggering 5.7 million fraud and identity theft reports received by the FTC, with identity theft accounting for 1.4 million instances, leading to total losses of $10.2 billion. This escalation underscores the pivotal role of barcode label printers in combating rising threats of theft and fraud.

The burgeoning demand within the manufacturing sector is poised to propel the growth of the barcode label printer market. These printers play a pivotal role in modern manufacturing by enhancing accuracy, reducing errors, and bolstering productivity. They contribute significantly to improved inventory control, streamlined processes, and increased market competitiveness. A report by the United Nations Industrial Development Organization in March 2022 highlighted a 9.4% global surge in manufacturing production in 2021, emphasizing the pivotal role of barcode label printers in supporting this growth trajectory.

Innovations in product offerings stand as a prominent trend driving the barcode label printer market. Companies in this industry are leveraging cutting-edge technologies to maintain their market standing. For instance, TSC Auto ID Technology Co. Ltd. introduced the Alpha-30R 3-inch performance mobile barcode label printer in June 2022. This printer, available in basic and premium models, boasts a robust design, substantial media capacity, and an IP54 rating for dust and water protection. With print speeds of up to 5 ips for the basic model and 6 ips for the premium model, it caters to various receipt and label printing needs, offering versatility for indoor and outdoor applications.

Key players in the barcode label printer market are focusing on innovative products such as the NLS-LP410 to drive revenue growth. The NLS-LP410, a desktop label printer introduced by Newland Auto-ID Tech Co. Ltd. in May 2023, offers reliability and performance for office-friendly label and barcode printing. With a printing speed of up to 150 mm/s, ergonomic design, and compatibility with various media types, including continuous, die-cut, fanfold, black mark, and punch-hole labels, the NLS-LP410 is equipped with advanced features, including a dependable print head utilizing thick-film print head technology to extend its lifespan. Additionally, the ultralight version comes with free bartender label software, enhancing flexibility and reducing label printing costs.

In March 2023, Peacock Bros., a UK-based technology solutions provider, acquired O.J. Holdings Pty. Ltd. for an undisclosed amount. This strategic acquisition aims to enhance and diversify Peacock Bros.' product portfolio, particularly in the thermal label, printer, and packaging markets. O.J. Holdings Pty. Ltd., an Australian company, specializes in manufacturing and distributing printers, labels, vinyl, signs, safety products, and packaging supplies. They have a significant presence in the barcode label printer market.

Major companies operating in the barcode label printer market report are Avery Dennison Corporation, Barcodes Inc., Honeywell International Inc., Postek Electronics Co. Ltd., Printronix, Fujitsu Limited, Zebra Technologies Corporation, TSC Auto ID Technology Co. Ltd., Toshiba Corporation, Dascom, OKI Electric Industry Co. Ltd., SATO Holdings Corporation, Seiko Epson Corporation, Brother International Corporation, Canon Inc., Tourmaline Enterprises Inc., Wasp Barcode Technologies, Citizen Systems Co. Ltd., Datalogic S.p.A., Godex International Co. Ltd., Intermec Technologies Corporation, Primera Technology Inc., Tharo Systems Inc., Xprinter Technology Co. Ltd., Datamax-O'Neil Corporation, Star Micronics Co. Ltd., General Data Company Inc., Hitachi Industrial Equipment Systems Co. Ltd., JADAK a Novanta Company, Kroy LLC, Lexmark International Inc.

Asia-Pacific was the largest region in the barcode label printer market in 2023. The regions covered in the barcode label printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the barcode label printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Within the realm of barcode label printers, the primary categories include industrial printers, desktop printers, and mobile printers. Desktop printers, characterized by their portability and robust printing capabilities, are compact devices suitable for placement on desks or tabletops. Resolution options typically span 300 dpi, between 301 to 600 dpi, and surpassing 600 dpi. Various printing technologies are employed, such as direct thermal, thermal transfer, inkjet, laser printing, and dot matrix. These printers find extensive application across diverse industries including manufacturing, retail, transportation and logistics, healthcare, government, entertainment, and various other sectors catering to the needs of end-users seeking efficient labeling and tracking solutions.

The barcode label printer market research report provides barcode label printer market statistics, including barcode label printer industry global market size, regional shares, competitors with a barcode label printer market share, detailed barcode label printer market segments, market trends, and opportunities, and any further data you may need to thrive in the barcode label printer industry. This barcode label printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The barcode label printer market consists of sales of block label printers, roller printers, duplex printers, and photographic printers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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