Over the forecast period from 2022 to 2032, the barcode printers market is expected to grow at a CAGR of 7.4% in terms of sales, driven by factors influencing its end-use industries. The market size is projected to exceed USD 8,552.87 Million by 2032. Barcode printers are specialized devices used to generate barcodes and product labels. Unlike standard printers, they utilize different consumables to produce machine-readable barcode images efficiently, with faster printing speeds and reduced costs.
A barcode printer is an electronic device specifically designed to print barcodes. Its operation differs from standard computer printers, as it uses ribbons and labels to create barcode prints. Typically, barcode printers do not have built-in programmable logic controllers and depend on external computer systems for functionality.
Following the 2008 economic crisis, growth in the manufacturing sector is picking up. Many manufacturing companies worldwide are adopting automation and process streamlining to reduce time and material wastage, thus improving efficiency and output. Barcoding is one such widely adopted technique that significantly reduces production time, boosting demand for barcode printers.
Barcodes have become the standard for storing and labeling product information. Retailers globally use barcodes for efficient inventory tracking and sales recording. Barcodes, printed on labels and attached to products, store details such as product count, manufacturing date, supply date, and selling price. When scanned, this data is quickly retrieved, enhancing efficiency and reducing errors, helping retailers manage inventory in stores and warehouses more effectively.
However, the rising threat of RFID tags as alternatives to barcode labels, along with the low compatibility of barcode printers with various operating systems, pose challenges for the global barcode printer market.
Key Takeaways of Barcode Printers Market :
- Strong Market Growth: The barcode printer market is projected to grow at a 7.4% CAGR, with market size exceeding USD 6.76 billion by 2032.
- Specialized Technology: Barcode printers differ from standard printers by using ribbons and labels to create fast and efficient machine-readable barcode images.
- Manufacturing Sector Boost: Adoption of automation and process streamlining in the manufacturing sector is driving the demand for barcode printers to reduce production time and waste.
- Retail Efficiency: Barcodes have become essential for retailers to streamline inventory and sales tracking, reducing errors and boosting operational efficiency.
- Challenges Ahead: The rising adoption of RFID tags and limited compatibility with multiple operating systems are potential challenges for the barcode printer market.
Competitive Landscape of Barcode Printers Market:
- Focus on Innovation and Product Offerings: Leading companies are concentrating on launching new products and improving their existing offerings to meet the evolving needs of end-user industries while maintaining a competitive edge on the global stage.
- Commitment to Quality and Innovation: Market players prioritize maintaining high product quality standards while driving innovation to stay ahead in the market.
- Diversification of Product Range: Companies are expanding their product portfolios by manufacturing various types of barcode printers, such as desktop and mobile barcode printers, to increase their market share and appeal to a broader customer base.
Some of the key companies proliferating in the market are:
- Zebra Technologies
- Toshiba Tec
- Avery Dennison
- Honeywell Scanning & Mobility
- SATO Holdings Corporation
- Oki Electric Industry Co., Ltd.
- Printek Inc.
- Printronix
- Dascom
Key Segments Covered:
By Printer Type
- Desktop Barcode Printer
- Industrial Barcode Printer
- Mobile Barcode Printer
- Others
By Printing Technology
- Thermal Transfer
- Direct Thermal
- Dot Matrix
- Laser
- Ink Jet
By Consumables
- Ribbons
- Wax Ribbons
- Wax/Resin Ribbons
- Resin Ribbons
- Labels
By Application
- Industrial/Manufacturing
- Transportation/Logistics
- Retail
- Healthcare
- Government
- Commercial Services
By Distribution Channel
- Direct-to-End User
- Direct-to-OEM
- Dealer/Distributor
- Systems Integrator
By Region
- Asia Pacific Excl. Japan (APEJ)
- North America
- Latin America
- Eastern Europe
- Western Europe
- Japan
- Middle East and Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/barcode-printers-market
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