The global label printers market is poised for significant growth, with its valuation expected to reach USD 513.3 million in 2023, according to Future Market Insights (FMI). The market is projected to grow at a steady 3.9% CAGR over the next decade, ultimately topping USD 752.6 million by 2033. This growth is being driven by rising demand across key industries such as manufacturing, transportation & logistics, and retail.
With businesses increasingly seeking efficient, easy-to-use label printing tools, particularly in the manufacturing sector, demand for desktop and mobile/portable label printers is set to surge. By the end of the forecast period, these segments are anticipated to account for around 74% of the global market.
FMI predicts that the global label printer industry will generate an incremental growth opportunity of US$ 257.6 million between 2023 and 2033. The top five companies in the market held approximately 15-20% of the total market share in 2022, indicating a competitive landscape with ample room for growth and innovation.
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The rising demand for printing machinery is also expected to bolster label printer sales over the next decade, with the industry forecast to expand 1.5 times its current value by 2033.
Label printers, which are specialized machines designed to print on self-adhesive label materials and tags, are essential tools for end-use industries looking to enhance productivity. Unlike conventional printers, label printers feature a unique feed mechanism for handling rolled stock or tear sheet stock, allowing for the rapid production of small label quantities. This capability makes them an invaluable asset for businesses aiming to boost efficiency and reduce costs.
Ideal for both individuals and businesses, label printers offer a cost-effective alternative to outsourcing printing needs. They provide high print quality, fast turnaround times, and flexibility, ensuring that users can create customized labels with ease.
Key Takeaways for Label Printers Market:
- The global label printers market registered a steady growth at a CAGR of 3.6% during the historical period from 2018 to 2022.
- By 2033, the USA is expected to hold an 82% market share of the North American label printers market.
- The label printers market in India is forecasted to grow at a higher rate, with a CAGR of 4.6% during the forecast period.
- The market value for inkjet label printers is projected to increase by 1.6x its current size by the end of the forecast period.
- The manufacturing sector is expected to generate the highest demand for label printers, leading the market in terms of end-use applications during the forecast period.
Competitive Landscape
Key label printer manufacturers are working on extending their product offering and improving production capacity. To acquire a competitive advantage in the market, they are also pursuing inorganic tactics such as mergers and acquisitions, partnerships, collaborations, and the expansion of distribution networks.
Recent Development
- In November 2022, SATO introduced S84/86NX smart print engines for labeling automation which will help the company expand its market reach in Southeast Asia.
- In February 2021, Afinia Label, a prominent manufacturer and supplier of industrial color label printing and label finishing equipment, announced a deal to buy JG Special Products’ Printing Innovation assets.
- In March 2021, TSC Printronix Auto ID launched a thermal barcode label printer that can print and encode radio frequency identification (RFID) labels in a single pass while also inspecting ISO quality standards.
- In 2022, Epson launched its first lightweight and portable label printers (LabelWorks LW-C610 and LW-C40) specifically for crafters and the home.
Label Printers Industry by Category
By Printer Type:
- Industrial
- Desktop
- Mobile/Portable
By Technology:
- Thermal
- Direct
- Inkjet
- Laser
By End Use:
- Manufacturing
- Warehousing
- Retail
- Transportation & Logistics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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