According to Goldstein Research, “Growing need for asset tracking and to access reliable and accurate information about the products are bolstering the demand for barcodes, thereby driving the demand for barcode printers across the globe. Increasing usage of barcode wristbands for personal identification of patients and for sporting events are gaining huge customer interest which is likely to accelerate the growth of barcode printers market in the near future.”
Thermal Barcode Printers: Solution for Industrial Supply Chain Management
Barcodes helps in inventory management and asset tracking for retailers and manufacturers. Leading vendors are focusing on providing innovative products so increase the profit margins and market competitiveness. CL4NX series of industrial thermal barcode printers introduced by SATO Holdings Corporation in 2014 revolutionized the barcode printing market. All-in-One and Simple-to-Operate features of this products gained immense popularity in manufacturing industry, supply chain logistics and warehousing, healthcare, retail and in other industrial environments.
Barcode Printer Market in Asia Pacific is Estinated to Reach USD 1.13 Bilion by 2024
Global barcode printer market is segmented on the basis of product type, by printing technology, by printing resolution, by connectivity and by end-user. Printing technology segment is further bifurcated into dot matrix, laser printing, thermal transfer direct thermal and ink jet. Barcode printers based on thermal technology accounted for the largest share of global barcode printers in 2016. Thermal technology based barcode printers valued USD 1.8 billion in 2016. High speed, easy cleaning, low operational costs and reliability of thermal barcode printers are boosting the demand over other barcode printers during the forecast period.
Asia Pacific barcode printer market occupied nearly 18% revenue share of global barcode printing market and is projected to reach value over USD 1.13 billion in 2024. Rising adoption of barcode printers in end-user industries mainly in manufacturing, retail and healthcare industries are likely to fuel the growth of barcode printers market in the region.
Global Barcode Printer Market Analysis by Goldstein Research contains detailed overview of the global barcode printer market in terms of market segmentation by product type, by printing technology, by printing resolution, by connectivity and by end-user
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global barcode printer market also provides competitive outlook of some of the major players of global barcode printer market which includes profiling of companies such as Zebra Technologies Corporation, SATO Holdings Corporation, TSC Auto ID Technology Co., Ltd., Toshiba TEC Corporation, Avery Dennison Corporation, Oki Electric Industry Co. Ltd., Honeywell International, BarcodesInc, Canon, Datamax-O'Neil Corporation, Fujitsu, MapleJet, Microcom Corporation, NEC Corporation, Panasonic Corporation, Pentax, Printronix, Samsung Electronics Co.Ltd., Texas Instruments Inc., Xerox Corporation, Hewlett-Packard, Apogee Industries Inc., GoDex. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global barcode printer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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