Barcode Printer Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Global Barcode Printer Market

Market Overview

Rising implementation of automation and streamlining of manufacturing processes to reduce time and material wastage by manufacturing industry for improving their efficiency. Barcoding is an emerging technique which is widely adopted by many manufacturing companies to reduce the production time of manufacturing process. This is the major factor driving demand for barcode printers across the globe. Leading companies are opting for mergers and acquisitions in order to diversify the product portfolio and to strengthen their position in barcode printers business. For instance, in 2014, ZEBRA TECHNOLOGIES acquired Motorola Solutions’ Enterprise business for USD 3.45 billion. Together the companies aim to provide stronger and innovative combines platforms mainly for asset tracking and printing solutions and services. Whereas, in 2013, Honeywell acquired supplier and manufacturer of automated identification and data capture equipment Intermec company to expand its business into barcode technology hardware markets.

With the growing popularity of e-commerce business, Amazon and Flipkart are increasing the use of barcode printers to improve their profitability and to eliminate human errors. Moreover, e-citations or e-ticketing helps traffic police to overcome the challenges of speed, accuracy and officer safety. Barcode printer Zebra RW420 printersprovided by Zebra technology to Milledgeville police department reduced the average time by 2/3rd used for citation by 2/3rd. Rising usage of barcode printers for law enforcement application are also expected to propel the growth of global barcode printers market.

Market Segmentation

Global Barcode Printer Market is segmented on the following basis:

• Based on Product Type

• Desktop Barcode Printer
• Industrial Barcode Printer
• Portable Barcode Printer

• Based on Printing Technology

• Dot Matrix
• Laser Printing
• Thermal Transfer
• Direct Thermal
• Ink Jet

• Based on Printing Resolution

• Below 300 dpi
• Between 301 to 600 dpi
• Above 600 dpi

• Based on Connectivity

• Wi-Fi
• Bluetooth
• Ethernet
• USB

• Based on End-User

• Manufacturing
• Transportation & Logistics
• Government
• Retail
• Healthcare

• Based on Geography

• North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}
•  Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}
•  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Shipments (In Million Units)}

Market Size and Forecast (2016-2024)

Global barcode printers market is expected to reach USD 5.39 billion by 2024, expanding at compound annual growth rate of 7.60% during the forecast period. Growing adoption of products with barcode tags in retail store and use of bar-coded personal IDs for patients in hospitals is boosting the demand for barcode printer in the market.

North America is the dominating region for global barcode printers market followed by Europe, owing to the high preference of barcoding technology for different in Both North America and Western Europe region. North America barcode printing market valued USD 1.14 billion of the overall revenue of barcode printer market. Europe barcode printer market is projected to grow at a CAGR of 7.0% during the forecast period.

Rapid industrialization and booming retail industry are likely to contribute in the growth of barcode printers market in Asia-Pacific region. With growing establishments of production facilities and implementation of barcode printers in end-user industries, Asia Pacific barcode printer market anticipated to grow at a CAGR of 9.7% during the forecast period.

Market Drivers and Challenges

Barcodes marked on labels of product are utilized to keep a track of product count, product manufacturing date and price details. Barcodes helps in retrieving information and monitoring of products and helps the manufacturers or retailers to increases their efficiency and reduce errors. However, compatibility issues of barcode printers with different operating systems are a major restraining factor for the growth of global barcode printers market. Rising implementation of RFID tags as an alternative option over barcode labels hindering the demand for barcode printers.

Key Market Players

• Zebra Technologies Corporation
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• 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

Scope Background

Market Synopsis

Market Segmentation

The Global Barcode Printer Market is segmented as follows:

• By Product Type (Market Size, Demand Analysis and Growth Analysis)
• By Printing Technology (Market Size, Demand Analysis and Growth Analysis)
• By Printing Resolution (Market Size, Demand Analysis and Growth Analysis)
• By Connectivity (Market Size, Demand Analysis and Growth Analysis)
• By End-User (Market Size, Demand Analysis and Growth Analysis)

By Region

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors

• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks