According to experts at Future Market Insights, it’s expected that the market for RFID printers, which are devices used for labeling and tracking products, will see significant growth in the coming years. They anticipate that this market will increase from about US$ 1,871.07 million in 2023 to around US$ 3,750.05 million by the year 2033.
In simpler terms, this means that the RFID printer industry is likely to expand at an average annual growth rate of approximately 7.2% over the next decade. This growth suggests that RFID technology is becoming more important for businesses and industries, as it helps with efficient tracking and management of products.
The popularity of RFID tags has grown thanks to the growth of the retail industry. This has created a big need for mobile and industrial RFID printers in various industries that rely heavily on assets.
Think of RFID chips in wholesale packages like tiny smart labels. They carry information about what’s inside the package, and they can even sound an alarm if someone tries to steal something and sneak out of the store without paying.
Request a Sample PDF Overview of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6623
RFID printers can be used in retail stores and warehouses to enhance the inventory management process. Another element anticipated to encourage expansion in the global market is the rising demand from the healthcare sector for proper administration of patient data and papers.
Another factor anticipated to promote the expansion of the global demand for RFID printers is the transport sector’s growing usage of the technology to track shipping orders. However, the high cost of RFID solutions is likely to hamper the market growth.
Profitable Market Opportunity
Offering lower-priced products and improving them with the help of RFID printers is a key function that provides maximum profits to manufacturers. Also, it is anticipated that the steadily accelerating printing rates can highly contribute to the global market’s expansion.
Key Takeaways From RFID Printers Market Report:
- By 2033, the RFID printers market in the United Kingdom is likely to expand, with the CAGR of 7.2%.
- By 2033, the United States is likely to lead the RFID printers market with the CAGR of 6.8%.
- The RFID printers market was significantly expanding, with a size of US$ 1,745.4 million in 2022.
- The market is anticipated to expand at a valuation of US$ 2,305.02 million by 2026, as a result of the surging trend of smart packaging.
- Due to the market’s potential opportunities and emerging technologies, analysts expect it is likely to rise 1.07 times between 2022 and 2023.
- Based on product type, the industrial RFID printers dominated the market in 2022 and continued to lead, with the market CAGR of 5.9% by 2033.
- Based on printing type, the thermal transfer led the market share in 2022, and continues to lead the market with a CAGR of 7.7% during the forecast period.
- Based on industry, the retail segment is likely to lead the market with a CAGR of 7.8% by 2033.
Key players:
- Zebra Technologies Corporation
- Honeywell International
- SATO Holdings
- Toshiba Tec Corporation
- Avery Dennison Corporation
- Lexmark
- Godex International
- Printronix Inc.
- BOCA Systems
Gain Immediate Access to Detailed Market Insights: Purchase Now to Uncover Segment-specific Information, Key Players and More: https://www.futuremarketinsights.com/checkout/6623
RFID Printers Market Segmentation:
By Product Type:
- Desktop RFID Printers
- Industrial RFID Printers
- Mobile RFID Printers
By Printing Type:
- Direct Thermal
- Thermal Transfer
By Industry:
- Manufacturing
- Transportation
- Retail
- Healthcare
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube