The global label printers market is poised for substantial growth, with an anticipated size of US$513.3 million in 2023, projected to expand at a steady 3.9% CAGR between 2023 and 2033. This trajectory is expected to elevate label printer sales to a significant valuation of US$752.6 million by 2033. The upsurge in adoption across various end-use sectors like manufacturing, transportation, logistics, and retail serves as a pivotal driver for the global demand for label printers.
Within the manufacturing industry, the need for user-friendly and efficient label printing tools is boosting the demand for desktop and mobile/portable printers. This trend is set to underpin the growth of these segments, accounting for approximately 74% of the global market by the end of the forecast period.
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Future Market Insights predicts a substantial incremental growth opportunity of US$257.6 million for the global label printers industry during the forecast period. The market landscape is currently characterized by the top 5 companies collectively holding around 15-20% of the market share in 2022.
The growing requirement for printing machinery is expected to drive demand for label printers, leading to an industry expansion reaching 1.5 times the current market value during the forecast period. Label printers offer a specialized solution for quickly producing labels, enhancing productivity across various sectors like supply chain management, packaging, retail, and more. These printers provide high print quality and rapid turnaround times, contributing to their widespread adoption and application diversity.
Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on 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.
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.
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.
Label Printer Market: Key Players
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 Label Printer market.
The report is the compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the Label Printer Market. The report provides as in-depth analysis of parent market trends, macroeconomic indicators and governing factor along with Label Printer Market attractiveness as per segments. The report also maps the qualitative impact of various factors on Label Printer Market segments and geographies
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Label Printer Market: Segmentation
On the basis of product type:
- Desktop
- Industrial
- Mobile
On the basis of technology:
- Thermal Transfer
- Impact
- Direct Thermal
- Laser
- Ink-Jet
On the basis of connectivity:
- Wired
- Wireless
On the basis of application:
- Manufacturing
- Logistics
- Retail
- Healthcare
- Government
- Others
Report Highlights:
- A detailed overview of the parent market
- Changing Label Printer Market
- In-depth Label Printer Market
- Historical, current and projected Label Printer Market size regarding volume and value
- Recent industry trends and developments Label Printer Market
- Competitive landscape of the Label Printer Market
- Strategies for key players and product offered Label Printer Market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Label Printer Market Performance
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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