Between 2022 and 2032, the label printer market is projected to grow at a CAGR of 4.2%. According to estimates, the market share for label printers will be worth US$ 42 billion overall in 2021 and US$ 66 billion by 2032. Barcode labels and tags can be printed directly on objects using label printers. It is used to create product tags and identifiers, which is acknowledged as the primary driver of label printer sales in the market.
Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on the physical objects. Label printers are used for printing product labels and printing barcodes. Label printer machine is used to make barcode or tags for retail items or label cartons with universal product codes or European Article Numbers before shipment.
The label printers are also used for printing barcodes on wristbands which are used for personal identification in hospitals or any events. Label printers use thermal transfer or direct thermal techniques to apply ink to the tags. Industrial printers, desktop printers and mobile printers are the major type of products in the label printers market.
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Label Printer Market: Dynamics
Due to increased use in organized retail for labeling is expected to drive the label printers market over the forecast period. Label printers are used in healthcare for wristbands and tags that help to patient tracking and identification, surgical procedure and specimen labels.
Increased demand for wristbands label in healthcare is anticipated to impact the market growth favorably. Furthermore, the workforce of mobile sales carrying out on-field transactions has expected to increase the demand for mobile label printers. Increased in the adoption of RFID which offers many advantages over barcode which is expected to pose a challenge to the industry growth.
The label printers market is anticipated to a moderate market and high end products mainly from the United States and Western Europe. For growth and development companies used to make a strategy for merger and acquisition.
Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the global market of label printers market over the forecast period.
Label Printer Market: Regional Outlook
North America and EMEA are anticipated to dominate the label printers market during the forecast period. Europe is expected to leading the regional market for label printers and is expected to witness significant growth over the forecast period.
During the future projected year, Western Europe is anticipated to account for the noteworthy market share for label printers. Today’s technology advancement and product differentiation are some of the primary reasons for the growth of the label printers market.
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The Asia Pacific is expected to noteworthy growth during the forecast period due to huge investments by the industries in the retail sector. In addition, the development of production facilities is expected to increase the demand for label printer during the forecast period.
In the Asia Pacific, china held the largest market share and recognize for a large number of production facilities paired with escalating demand from the shipping application segment. Overall, the Label Printer market is forecast to enjoy balance growth in the forecast period.
Which is the Leading Region in the Label Printer Market
North America and EMEA are anticipated to dominate the label printer market share during the forecast period. Europe is expected to lead the regional market in sales of label printers and is expected to witness significant growth over the forecast period.
During the future projected year, Western Europe is anticipated to account for the noteworthy market demand for a label printer. Today’s technological advancement and product differentiation are some of the primary reasons for the growth in sales of label printers in the global market.
Who are the Key Players in the Label Printer Market
Some of the players operating in the label printer market are
- Zebra Technology,
- Toshiba TEC Corporation,
- Shandong New Beiyang Information Technology Co., Ltd,
- Honeywell International Inc.,
- TSC Auto ID Technology Co., Ltd,
- Citizen Systems Europe,
- Epson India Pvt Ltd,
- Brady Worldwide, Inc.,
- DASCOM Americas SBI LLC,
- GoDEX,
- cab Produkttechnik GmbH & Co KG,
- Postek Electronics Co., Ltd.,
- Wasp Barcode Technologies, and many more.
Many local and unorganized players are expected to contribute to the demand for label printer in the coming years owing to the expansion of e-commerce platforms for selling merchandise.
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Major Developments in Label Printer Market
- Epson released its major product named ‘Just in Time’ label printing solution in the past years with its other colour labelling printers that features MicroPeizo inkjet technology. This strengthened the company presence in the global label printer market since then.
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