Market Overview:
Barcode printers are devices that print barcode labels or tags that can be read by barcode readers. They are used in inventory control, product packaging, ticketing, and other areas where identification and information encoding are required. Advantages include high printing speed, durability, accuracy and time savings over handwritten codes.
Market key trends:
One of the key trends in the barcode printer market is increasing adoption of artificial intelligence. AI brings the benefits of predictive maintenance and auto-calibration to barcode printers. AI-enabled printers can self-monitor performance, consumables levels and identify issues before they impact operations. They are capable of automatic adjustments that optimize printing quality without human intervention. This improves printing efficiency and uptime significantly.
Segment Analysis
The global barcode printer market is dominated by desktop printer segment. Desktop barcode printers are stationary printers used extensively for printing labels, tags, and receipts. They are more economical than industrial barcode printers and are ideal for small and medium enterprises. The desktop printer segment accounted for over 50% share of the overall barcode printer market in 2023 due to increased adoption of barcode labels and tags for inventory and asset management across industries.
The global Barcode Printer Market Demand is estimated to be valued at US$ 4557.39 Mn or in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global barcode printer market is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing need for labelling and tracking of products across industries for supply chain management.
Regional analysis:
North America dominated the overall barcode printer market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to high adoption of barcode printers across industries such as manufacturing, healthcare, transportation & logistics for inventory and asset management in the region. Asia Pacific is expected to be the fastest growing region owing to expansion of manufacturing industries and growing e-commerce sector in countries such as China and India.
Key players:
Key players operating in the barcode printer market are Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, GoDEX International Co., Ltd., Printronix, Inc., TSC Auto Id Technology Co., Ltd., Printek, Inc., Oki Electric Industry Co., Ltd., and Stallion Systems And Solutions Pvt. Ltd. Zebra Technologies Corporation dominated the market in 2023 with wide range of desktop and industrial barcode printers for different end-use applications.
Read More: https://www.dailyprbulletin.com/to-boost-the-growth-of-barcode-printer-market/
