Barcode Printers Industry

Global Barcode Printers Market | Newest Industry Data, Future Trends and Forecast 2024

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This global Barcode Printers market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Barcode Printers Market is anticipated to exceed USD 3 billion by 2024 with the industry growth pegged at a CAGR of over 5% from 2018 to 2024. Growing demand for barcode wristbands in the healthcare industry for patient identification will positively impact the barcode printers market growth. Several hospitals are mandating a policy which requires patients to wear a barcode identification bracelet during the duration of their stay which allow hospital staff to provide accurate and speedy data entry and are helping reduce medical errors, thereby allowing time to enhance efficiency instead of physically entering the data.

Ongoing developments in trade globally will drive the barcode printers market growth, as the shipments imported or exported are coded and labelled with barcodes for storing and recording the data regarding the products and goods. The technology is being increasingly adopted in the retail sector where it has become the standard for storing and labeling the data about the products as the information allows the staff to provide smooth service to the customers. The growth in the retail industry is due to the rise in the consumer disposable income which has provided a boost to the e-commerce industry and has positively driven the barcode printers market growth.

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Mobile printers are anticipated to witness high growth over the forecast timespan owing to their ease of usage in several field-based applications. Mobile barcode printers are being used increasingly by retail businesses to issue authentic receipts and invoices regardless of the place and time. Moreover, the mobile printers are being to print barcodes for identification of individuals in major events and for patients in hospitals which has augmented the revenue for the barcode printers market.

Thermal based printers constituted of more than 65% of the overall barcode printers market share owing to the features such as low noise, high speed, reliability, and ease of cleaning. The direct thermal technology will witness significant growth over the coming years due to low operational costs, and improved durability. Direct thermal printers are ideal for applications such as printing receipts and shipping labels and can develop barcode images on the material without a ribbon, making it eco-friendlier.

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Asia Pacific will grow at a high growth owing to rise in investments from the government and growth in urbanization which has led to growing healthcare expenditure and enhancing the healthcare infrastructure. In addition, technological revolution, intensifying government legislations and rising focus on the patient safety, has augmented the usage of barcode printing technology which will boost the barcode printers market growth in the region.

Key players in the barcode printers market include Seiko Epson Corporation, Toshiba Tec Corporation, Zebra Technologies, TSC Auto ID Technology Co., Ltd, and Godex International Co. Ltd, Honeywell Scanning & Mobility, among others. The industry is competitive in nature and is witnessing rivalry, with players distinguishing their brand based on the product affordability and quality.

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Table of content:

Chapter 5       Barcode Printers Market, By Technology

5.1    Barcode printers market share by technology, 2016 & 2024

5.2    Thermal Transfer

5.2.1    Market estimates and forecast, by region, 2013 – 2024

5.3    Direct Thermal

5.3.1    Market estimates and forecast, by region, 2013 – 2024

5.4    Laser

5.4.1    Market estimates and forecast, by region, 2013 – 2024

5.5    Impact

5.5.1    Market estimates and forecast, by region, 2013 – 2024

5.6    Ink-Jet

5.6.1    Market estimates and forecast, by region, 2013 – 2024

Chapter 6       Barcode Printers Market, By Resolution

6.1    Barcode printers market share by resolution, 2016 & 2024

6.2    Below 300 dpi

6.2.1    Market estimates and forecast, by region, 2013 – 2024

6.3    Between 301 & 600 dpi

6.3.1    Market estimates and forecast, by region, 2013 – 2024

6.4    Above 601 dpi

6.4.1    Market estimates and forecast, by region, 2013 – 2024

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Barcode Printers Market Size, Share, Trend & Growth Forecast to 2024

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The “Barcode Printers Market” Report offers an inclusive and decision-making overview, including definitions, classifications and its applications. The Barcode Printers market is anticipated to reflect a positive growth trend in forthcoming years. The essential driving forces behind the growth and popularity of Barcode Printers market is analyzed detailed in this report.

Barcode printers are commonly used to label retail cartons and items with European Article Numbers (EANs) and Universal Product Codes (UPCs) before shipment. Growing usage of barcodes in the organized retail sector for classification and point of sale (POS) purposes is anticipated to drive the barcode printers market over the coming years. In addition, the trend of mobile sale workforce for carrying out transactions in warehouses has amplified the demand for mobile barcode printers which can wirelessly connect to the network and print receipts instantly.

Barcode Printers Market size is set to exceed USD 3 billion by 2024; according to a new research report.

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Rising demand for barcode wristbands for patient identification in the healthcare industry will positively impact the barcode printers market growth. The most important function barcodes offer the hospital staff is the ability to verify the right patient with appropriate treatment. With the usage of these solutions, access to accurate and reliable patient information along with point-of-care medicine administration, surgical procedure and specimen collection can be successfully achieved. Moreover, barcodes are enabling speedy, accurate data entry and are reducing medical errors for the healthcare industry, thereby allowing time to be spent on enhancing effectiveness instead of manually entering data.

Mobile printers are helping several sales workforces to print high quality receipts, tickets or labels in any environment, and are portable to use. They communicate with smart devices and computers through a USB connection, Bluetooth, or Wi-Fi and boost employee accuracy, efficiency and productivity in several applications. Rise in demand for mobile solutions is anticipated to propel the mobile barcode printers market growth in the coming years owing to growing usage of barcode wristbands in the healthcare industry.

The U.S. barcode printers market was the leading regional segment in 2016. In the region, the Food and Drug Administration (FDA) has made barcode labeling important for certain medications as it has the potential to reduce transcription and medication errors. With this requirement, the National Drug Code (NDC) barcodes all its biological and pharmaceutical products and items used in healthcare facilities with a linear barcode to ensure that expired or counterfeit medications are not being issued to patients, thereby driving the demand.

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Ink-jet, impact and laser technologies will witness slow growth compared to the thermal printing technologies in the coming years. The slow growth of these technologies can be majorly credited to the substantial growth prospects witnessed across the thermal barcode printers market space, which can accomplish critical applications, and offer enhanced image output. Thermal transfer technology is widely used for long-lasting or permanent labelling applications while the direct thermal technology is used to produce receipts, picking & shipping labels, and other applications. Rising demand from short-shelf life applications such as shipping labels and receipts will propel the growth.

Key players operating in the barcode printers market include Zebra Technologies, TSC Auto ID Technology Co., Ltd Seiko Epson Corporation, Oki Electric Industry Co., Ltd., Avery Dennison, Godex International Co. Ltd, Toshiba Tec Corporation, Honeywell Scanning & Mobility, Printronix, Dascom, and Printek among others. The industry is witnessing a rise in suppliers selling low-cost printers mainly from countries in Asia Pacific, which has led to the barcode printers market being extremely commoditized.

Companies are licensing their product portfolio which include patent rights, and are beneficial in the manufacturing and distribution of the products. Moreover, several vendors are spreading their businesses to emerging regions such as MEA and Latin America, as the North America and Europe barcode printers market appears to be relatively mature. The industry will witness high growth owing to the presence of production facilities in the Asia Pacific countries with enhanced investments from multinational companies in manufacturing, retail, and healthcare sectors.

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Related Reports: –

World Barcode Printers Market by Product Type, Market, Players and Regions-Forecast to 2021

Barcode Printers market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

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