The global barcode printers market is anticipated to reach $13,510,629.8 thousand by 2032, growing from $3,758,622.3 thousand in 2022 at a CAGR of 13.7% from 2023 to 2032.
Barcode printer is the device that is used to print labels and tags on objects. These printers operate at faster rates as compared to traditional printers and enhance the label durability by providing cost-effectivity, reliability, excessive durability, and sharp print quality. Barcode printer is majorly used in the commercial, retail, manufacturing, and other industries.
Barcodes have significantly simplified the process of identifying and using various commodities and supplies for customers such as efficient checkout process, supply chain visibility, and others. It has become the industry standard for storing and identifying product information. A barcode label applied to a product can hold information such as the product's production date, date delivered to the retailer, product count, selling price, and others. This, in turn, helps businesses in keeping track of their items and inventory. Barcodes are used on all items offered by major shops worldwide, including Walmart, IKEA, Costco, and Carrefour. In addition, rising environmental awareness is expected to drive the development of more eco-friendly industrial barcode printers. Manufacturers may focus on energy-efficient designs, recyclable materials, and sustainable printing practices. All these factors are projected to drive the market growth during the forecast period.
Barcode printers create barcodes by heating labels with numerous small heat sources on a printhead. The ribbon of a printer is filled with resin, and the temperature differential between the printer and the ribbon causes the resin to transfer onto the tag.. The ribbon's heating and cooling is not uniform. This might result in inconsistent label printing with trailing edges of text, pictures, or outlines. On a label, there needs to be enough contrast between black lines and white gaps for the scanner to identify it. When the temperature is set up to high, the barcode blurs and the labels create thick bar marks. Streaky bar lines on white regions are anticipated to impede barcode scanner demand. Similarly, low heating causes bar lines to fade, Leading to poor barcode readability and potential scanning errors. This limitation hinders the effectiveness of barcode printing, especially in high-demand applications where accurate and reliable barcode scanning is crucial for efficient inventory management and supply chain operations.
Wireless barcode printers link to many devices using modern technologies such as Cloud, Bluetooth, Wi-Fi, Near Field Communication (NFC), and Air Print. The barcode printers operate on wireless networks using the most recent security standards to provide increased performance and connection. The Wi-Fi modules are designed to integrate and control barcode printers on a network using normal network administration tools. With NFC-enabled devices, the barcode printers facilitate Bluetooth pairing and open web-based sites. Wireless printers reduce the cost of enterprise-level managed device ecosystems through reducing the requirement for on-premises servers. Wireless printers that use thermal technology can be connected to any device to make high-quality labels. Wireless printers are low-cost alternatives that may be used in conjunction with a mPOS system that has a long battery life. All these factors are anticipated to create excellent opportunities for market growth during the forecast period.
The COVID-19 pandemic has had a significant impact on the global barcode printers industry, affecting various aspects of manufacturing, supply chains, and consumer behavior. Due to the pandemic's breakout, some organizations faced challenges such as additional safety regulations, unexpected production volumes, and reduced operational staff. These companies use barcodes printers to keep vital items in production and to help the supply chain. Therefore, some manufacturers reorganized their labeling operations in order to avoid human intervention. Benefits linked with barcode technology, such as scalability, precision, automation, efficiency, and security, among others, encouraged these manufacturers to adopt barcode printers. During the COVID-19 pandemic, major players in the pharmaceutical and healthcare industries used barcode printers in particular to ensure that the efficiency of the manufacture of specific medications and pharmaceuticals is not compromised.
The key players profiled in this report include AVERY DENNISON CORPORATION, Canon Inc., Dascom, Honeywell International Inc., Oki Electric Industry Co., Ltd., Printronix, SATO Holdings Corporation, Zebra Technologies Corp, Toshiba Tec Corporation, and Stallion Systems & Solutions Pvt. Ltd. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Barcode printer is the device that is used to print labels and tags on objects. These printers operate at faster rates as compared to traditional printers and enhance the label durability by providing cost-effectivity, reliability, excessive durability, and sharp print quality. Barcode printer is majorly used in the commercial, retail, manufacturing, and other industries.
Barcodes have significantly simplified the process of identifying and using various commodities and supplies for customers such as efficient checkout process, supply chain visibility, and others. It has become the industry standard for storing and identifying product information. A barcode label applied to a product can hold information such as the product's production date, date delivered to the retailer, product count, selling price, and others. This, in turn, helps businesses in keeping track of their items and inventory. Barcodes are used on all items offered by major shops worldwide, including Walmart, IKEA, Costco, and Carrefour. In addition, rising environmental awareness is expected to drive the development of more eco-friendly industrial barcode printers. Manufacturers may focus on energy-efficient designs, recyclable materials, and sustainable printing practices. All these factors are projected to drive the market growth during the forecast period.
Barcode printers create barcodes by heating labels with numerous small heat sources on a printhead. The ribbon of a printer is filled with resin, and the temperature differential between the printer and the ribbon causes the resin to transfer onto the tag.. The ribbon's heating and cooling is not uniform. This might result in inconsistent label printing with trailing edges of text, pictures, or outlines. On a label, there needs to be enough contrast between black lines and white gaps for the scanner to identify it. When the temperature is set up to high, the barcode blurs and the labels create thick bar marks. Streaky bar lines on white regions are anticipated to impede barcode scanner demand. Similarly, low heating causes bar lines to fade, Leading to poor barcode readability and potential scanning errors. This limitation hinders the effectiveness of barcode printing, especially in high-demand applications where accurate and reliable barcode scanning is crucial for efficient inventory management and supply chain operations.
Wireless barcode printers link to many devices using modern technologies such as Cloud, Bluetooth, Wi-Fi, Near Field Communication (NFC), and Air Print. The barcode printers operate on wireless networks using the most recent security standards to provide increased performance and connection. The Wi-Fi modules are designed to integrate and control barcode printers on a network using normal network administration tools. With NFC-enabled devices, the barcode printers facilitate Bluetooth pairing and open web-based sites. Wireless printers reduce the cost of enterprise-level managed device ecosystems through reducing the requirement for on-premises servers. Wireless printers that use thermal technology can be connected to any device to make high-quality labels. Wireless printers are low-cost alternatives that may be used in conjunction with a mPOS system that has a long battery life. All these factors are anticipated to create excellent opportunities for market growth during the forecast period.
The COVID-19 pandemic has had a significant impact on the global barcode printers industry, affecting various aspects of manufacturing, supply chains, and consumer behavior. Due to the pandemic's breakout, some organizations faced challenges such as additional safety regulations, unexpected production volumes, and reduced operational staff. These companies use barcodes printers to keep vital items in production and to help the supply chain. Therefore, some manufacturers reorganized their labeling operations in order to avoid human intervention. Benefits linked with barcode technology, such as scalability, precision, automation, efficiency, and security, among others, encouraged these manufacturers to adopt barcode printers. During the COVID-19 pandemic, major players in the pharmaceutical and healthcare industries used barcode printers in particular to ensure that the efficiency of the manufacture of specific medications and pharmaceuticals is not compromised.
The key players profiled in this report include AVERY DENNISON CORPORATION, Canon Inc., Dascom, Honeywell International Inc., Oki Electric Industry Co., Ltd., Printronix, SATO Holdings Corporation, Zebra Technologies Corp, Toshiba Tec Corporation, and Stallion Systems & Solutions Pvt. Ltd. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the barcode printers market analysis from 2022 to 2032 to identify the prevailing barcode printers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the barcode printers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global barcode printers market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product Type
- Desktop Printer
- Mobile Printer
- Industrial Printer
By Printing Type
- Thermal Transfer
- Direct Thermal
- Others
By End-user Industry
- Manufacturing
- Retail
- Transportation and Logistics
- Healthcare
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- Avery Dennison Corporation
- Canon Inc.
- Dascom
- Honeywell International Inc.
- Oki Electric Industry Co., Ltd.
- Printronix, Inc.
- SATO Holdings Corporation.
- Zebra Technologies Corp.
- Toshiba Tec Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BARCODE PRINTERS MARKET, BY PRODUCT TYPE
CHAPTER 5: BARCODE PRINTERS MARKET, BY PRINTING TYPE
CHAPTER 6: BARCODE PRINTERS MARKET, BY END-USER INDUSTRY
CHAPTER 7: BARCODE PRINTERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the barcode printers market was valued at $3.75 billion in 2022, and is estimated to reach $13.51 billion by 2032, growing at a CAGR of 13.7% from 2023 to 2032.A barcode printer is a device that produces labels and tags for various types of products. These printers offer cost-effectiveness, greater durability, dependability, and clear print quality in addition to operating faster than conventional printers and having a longer service life. The primary purpose of barcode printers is to generate and print scannable barcodes, which are read by barcode scanners or mobile devices equipped with scanning capabilities. The information contained in the barcode can include product details, pricing, inventory tracking data, and other information.
The increase in demand for industrial printers across numerous industrial sectors is expected to drive development of various technologies such as advanced printing technologies, Barcode and Radio Frequency Identification (RFID) Integration. The increase in use of barcode printers for streamlining logistics processes is driving the growth of the market. Automatic Identification and Data Capture (AIDC) refers to the use of various technologies, including barcodes, RFID, and other data capture methods, to automatically identify and collect data about objects or products. Barcode printers play a crucial role by generating and printing barcodes on labels or tags used in the logistics industry. While barcode printers provide an efficient way to monitor products as they move through the supply chain, they also aid in the storage of serial numbers to handle information as the product moves through different channels, thereby encouraging the adoption of barcode printers. All these factors are predicted to drive the market growth during the forecast period.
One of the primary challenges with barcode printers is that they are only designed to work with a few selected user interface programs, like Linux and Windows. However, one of the major restraining factors for the barcode printers market growth is the initial investment cost, which can be significant for high-quality industrial-grade printers. Smaller businesses or organizations with limited budgets may find it challenging to adopt advanced barcode printing technology.. Therefore, this is anticipated to slow down the expansion of the global market for barcode printers in the future.
The integration of advanced connectivity and wireless technologies provides mobile printing solutions with enhanced flexibility, convenience, and efficiency. Mobile printing solutions enable users to print documents, images, or labels directly from their mobile devices, such as smartphones, tablets, or laptops, without the need for a direct physical connection to a printer, allowing workers to print labels, tags, or receipts immediately at the point of application. This avoids the time-consuming procedure of returning to a central printing station and enhances workflow efficiency. It also allows for real-time changes, ensuring that correct and up-to-date information is recorded and represented on the barcode labels. The use of wireless technology enables remote management and monitoring of barcode printers. These factors are anticipated to boost the market expansion in the upcoming years.
The barcode printers market share is segmented on the basis of product type, printing type, end-user industry, and region. By product type, it is classified into desktop printer, mobile printer, and industrial printer. By printing type, it is classified into thermal transfer, direct thermal, and others. By end-user industry, it is classified into manufacturing, retail, transportation and logistics, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the barcode printers market report include AVERY DENNISON CORPORATION, Canon Inc., Dascom, Honeywell International Inc., Oki Electric Industry Co., Ltd., Printronix, SATO Holdings Corporation, Zebra Technologies Corp, Toshiba Tec Corporation, and Stallion Systems & Solutions Pvt. Ltd.
The report offers a comprehensive analysis of the global barcode printers market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Barcode Printers Industry
The pandemic caused disruptions in the global supply chain, affecting the production and distribution of barcode printers. Factory closures, transportation restrictions, and shortages of raw materials led to delays in manufacturing and delivery.COVID-19 impacted almost all industries and the barcode printers producing companies had to cease their operations owing to import-export restrictions, lockdowns imposed across several countries, and shortage of labor. Also, the fear of contracting the novel coronavirus led to sluggish demand in the market.
The COVID-19 pandemic presented both challenges and opportunities for the global barcode printers industry. While it caused disruptions in the supply chain and delayed investment decisions, it also accelerated the adoption of contactless and digitized solutions, creating new avenues for growth in sectors like e-commerce, healthcare, and logistics.
Key Findings of the Study
Based on product type, the industrial printer sub-segment emerged as the global leader in 2022 and the desktop printer sub-segment is anticipated to be the fastest growing during the forecast period.Based on printing, the thermal transfer sub-segment emerged as the global leader in 2022 and the direct transfer sub-segment is predicted to show the fastest growth in the upcoming years.
Based on end-user industry, the manufacturing sub-segment emerged as the global leader in 2022 and the retail sub-segment is predicted to show the fastest growth in the upcoming years.
Based on region, North America registered the highest market share in 2022 and Asia-Pacific is predicted to show the fastest growth in the upcoming years.
Companies Mentioned
- Avery Dennison Corporation
- Canon Inc.
- Dascom
- Honeywell International Inc.
- Oki Electric Industry Co., Ltd.
- Printronix, Inc.
- SATO Holdings Corporation.
- Zebra Technologies Corp.
- Toshiba Tec Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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