Overview and Scope
A barcode label printer is a printer that creates and prints barcodes on labels or tags. They are employed in producing labels, tags, and other small papers, such as receipts, to help track and manage products and packages.
Sizing and Forecast
The barcode label printer market size has grown strongly in recent years. It will grow from $12.36 billion in 2023 to $13.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to automation in supply chain, regulatory compliance requirements, e-commerce and retail boom, globalization of supply chains, cost-effective labeling solutions.
The barcode label printer market size is expected to see strong growth in the next few years. It will grow to $17.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rise of smart factories and industry 4.0, growing demand for rfid integration, expansion of e-commerce and online retail, sustainability and eco-friendly labeling, integration with enterprise resource planning (erp) systems. Major trends in the forecast period include integration of rfid technology, rise of cloud-based printing solutions, mobile printing solutions, focus on energy efficiency and sustainability, advancements in printing speed and precision.
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Segmentation & Regional Insights
The barcode label printer market covered in this report is segmented –
1) By Type: Industrial Printers, Desktop Printers, Mobile Printers
2) By Resolution: 300dpi, Between 301 To 600 dpi, Above 600 dpi
3) By Technology: Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, Dot Matrix
4) By End User: Manufacturing, Retail, Transportation And Logistics, Healthcare, Government, Entertainment, Other End Users
Asia-Pacific was the largest region in the barcode label printer market in 2023. The regions covered in the barcode label printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of thefts and frauds is expected to propel the growth of the barcode label printer market. Thefts and frauds are illicit activities in which someone else's property, money, or assets are illegally stolen or misled, the physical act of stealing anything without permission or legal right is referred to as theft, whereas fraud involves purposeful deception or misrepresentation for personal or financial advantage. Barcode label printers can help organizations reduce the risk of theft and fraud by improving inventory management, tracking and authentication, and access control. For instance, in 2023, according to the National Council on Identity Theft Protection 2023 Highlights, a US-based intergovernmental organization, the Federal Trade Commission (FTC) received 5.7 million fraud and identity theft reports in total, with identity theft accounting for 1.4 million of those. Additionally, total losses due to fraud are $10.2 billion. Therefore, the rising number of thefts and frauds is driving the growth of the barcode label printer market.
Key Industry Players
Major companies operating in the barcode label printer market report are Avery Dennison Corporation, Barcodes Inc., Honeywell International Inc., Postek Electronics Co. Ltd., Printronix, Fujitsu Limited, Zebra Technologies Corporation, TSC Auto ID Technology Co. Ltd., Toshiba Corporation, Dascom, OKI Electric Industry Co. Ltd., SATO Holdings Corporation, Seiko Epson Corporation, Brother International Corporation, Canon Inc., Tourmaline Enterprises Inc., Wasp Barcode Technologies, Citizen Systems Co. Ltd., Datalogic S.p.A., Godex International Co. Ltd., Intermec Technologies Corporation, Primera Technology Inc., Tharo Systems Inc., Xprinter Technology Co. Ltd., Datamax-O'Neil Corporation, Star Micronics Co. Ltd., General Data Company Inc., Hitachi Industrial Equipment Systems Co. Ltd., JADAK a Novanta Company, Kroy LLC, Lexmark International Inc.
The barcode label printer market report table of contents includes:
1. Executive Summary
2. Barcode Label Printer Market Characteristics
3. Barcode Label Printer Market Trends And Strategies
4. Barcode Label Printer Market - Macro Economic Scenario
5. Global Barcode Label Printer Market Size and Growth
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31. Global Barcode Label Printer Market Competitive Benchmarking
32. Global Barcode Label Printer Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Barcode Label Printer Market
34. Barcode Label Printer Market Future Outlook and Potential Analysis
35. Appendix
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