Barcode Printers Market to Witness Widespread Expansion During 2016-2026

According to a recent market report published by Future Market Insights titled, “Barcode Printers Market – Global Industry Analysis & Opportunity Assessment, 2016-2026,” revenue generated from sales of barcode printers globally is estimated to be valued at US$ 2,758.0 Mn and pegged at 3,086.8 ‘000 units by 2016 end. It is expected to increase at a CAGR of 7.4% over the forecast period (2016–2026), to be valued at US$ 5,656.1 Mn by 2026 end. In terms of volume, the global barcode printers market is projected to be pegged at 5,384.3 ‘000 units by 2026 end, expanding at a CAGR of 5.7% over the forecast period.

Barcode printer is defined as an electronic device designed specifically for printing of barcodes. The working principle and built of a barcode printer is slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers on their own, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

Barcodes have become the de facto standard for product information storing and labelling. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities and their sale to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc. When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, threat of RFID tags as substitutes to barcode labels and low compatibility of barcode printers with different operating systems act as restraints in the global barcode printers market.

Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer and Others. On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of Distribution Channel, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government and commercial services.

The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.

Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.

Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

Regional projections

North America and Western Europe are the most promising regions for the growth of the market owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of manufacturing sector in China.

Vendor insights

Major players identified in the Barcode Printers market are Zebra Technologies Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., Toshiba TEC Corporation, and Honeywell International, Inc. committing a combined market share of over 50%. Other major players are SATO Holdings Corporation, Printronix, Inc. and TSC Auto Id Technology Co., Ltd. supplying to various end use industries and sectors.

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Global Barcode Printers Market Size To Exceed USD 3.8 Billion By 2024

Barcode Printers Market

The global Barcode Printers Market value is projected to grow beyond USD 3.8 billion by 2024. Barcode printers are specialty printers which facilitate the printing tags or barcode labels that are openly printed on or connected to physical objects. They are usually used to tag cartons or retail objects with European Article Numbers (EANs) or Universal Product Codes (UPCs) prior to shipment. They also find usage in printing barcodes on wristbands for individual recognition in hospitals or events.

Key products are industrial printers, desktop printers, and mobile printers. Mobile printers are mainly used by organizations’ sales employees for tickets, printing receipts, and labels, irrespective of the place and name. Desktop printers can be used for printing low to mid-volume labels, wristbands, receipts, and barcode. Industrial printers can also be used for high volume purpose counting order labeling and warehouse labeling. They are intended to function 24/7 in callous environments for mission critical operations.

Several print technologies are accessible in the barcode printers industry, that can be bifurcated into two chief groups, that is, impact and non-impact printing methods. Impact printing consists of drum printers and dot matrix, while non-impact printing involves laser printers, direct thermal, thermal transfer, and inkjet printers. Conversely, dot matrix segment is said to be the inexpensive technique for creating low to medium density on-site barcodes using numerous dots printed in matrix figure to make a sequence of lines and spaces. Inkjet printing finds usage in settings where high production of barcodes is necessary at a quicker pace.

Based on end-users, the market has been sliced into healthcare, shipping, retail, government, manufacturing, retail, and shipping. Barcode printers in healthcare sector are used for issuing wristbands and tags that assist in patient recognition and tracking services, specimen labeling, and point of care (POC) medicine administration. Barcodes, in manufacturing sector are used for inventory labeling used to establish inventory control and allows work-in-progress (WIP) tracking.

North America and EMEA are anticipated to lead the barcode printers market in the coming years owing to improved demand from the U.S. and Western European nations. Key market players in the barcode printers market include Toshiba Tec, Zebra Technologies, Honeywell Scanning & Mobility, Avery Dennison, and SATO Holdings Corporation.

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Barcode Printers Market Value to Cross USD 3.8 billion by 2024

Hexa Research

The global Barcode Printers Market value is projected to grow beyond USD 3.8 billion by 2024. Barcode printers are specialty printers which facilitate the printing tags or barcode labels that are openly printed on or connected to physical objects. They are usually used to tag cartons or retail objects with European Article Numbers (EANs) or Universal Product Codes (UPCs) prior to shipment. They also find usage in printing barcodes on wristbands for individual recognition in hospitals or events.

Key products are industrial printers, desktop printers, and mobile printers. Mobile printers are mainly used by organizations’ sales employees for tickets, printing receipts, and labels, irrespective of the place and name. Desktop printers can be used for printing low to mid-volume labels, wristbands, receipts, and barcode. Industrial printers can also be used for high volume purpose counting order labeling and warehouse labeling. They are intended to function 24/7 in callous environments for mission critical operations.

Several print technologies are accessible in the barcode printers industry, that can be bifurcated into two chief groups, that is, impact and non-impact printing methods. Impact printing consists of drum printers and dot matrix, while non-impact printing involves laser printers, direct thermal, thermal transfer, and inkjet printers. Conversely, dot matrix segment is said to be the inexpensive technique for creating low to medium density on-site barcodes using numerous dots printed in matrix figure to make a sequence of lines and spaces. Inkjet printing finds usage in settings where high production of barcodes is necessary at a quicker pace.

Based on end-users, the market has been sliced into healthcare, shipping, retail, government, manufacturing, retail, and shipping. Barcode printers in healthcare sector are used for issuing wristbands and tags that assist in patient recognition and tracking services, specimen labeling, and point of care (POC) medicine administration. Barcodes, in manufacturing sector are used for inventory labeling used to establish inventory control and allows work-in-progress (WIP) tracking.

North America and EMEA are anticipated to lead the barcode printers market in the coming years owing to improved demand from the U.S. and Western European nations. Key market players in the barcode printers market include Toshiba Tec, Zebra Technologies, Honeywell Scanning & Mobility, Avery Dennison, and SATO Holdings Corporation.

Sara James is Market Research Analyst, Conducting in-depth data analyses using traditional and advanced methods Build a detailed database for the understanding of the target market and industry.

Barcode Printers Global Market Research Insights – Industry Analysis, Trends, Growth, Report, Share, Size and Forecast To 2021

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Recent research added report on “Global Barcode Printers Market Technology, Overview, Analysis, Demand, Report, Trends, Growth and Research – Worldwide 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. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.

Global Barcode Printers Market: Product Segment Analysis: Dot Matrix Type, Inkjet Type, Laser Type and Thermal Type.

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Global Barcode Printers Market: Application Segment Analysis, Retail Industry, Manufacturing Industry and Logistics Industry.

Global Barcode Printers Market: Regional Segment Analysis USA, Europe, Japan, China, India and South East Asia.

The Players mentioned in our report are: Toshiba, Honeywell, Fujitsu, Hp, Canon, Zebra, Bixolon, Argox, Datamax ONeil, Epson, SATO, SII(Seiko), Star Micronics and more..

Table of Content
Chapter 1 About the Barcode Printers Industry
1.1 Industry Definition and Types

Chapter 2 World Market Competition Landscape
2.1 Barcode Printers Markets by Regions

Chapter 3 World Barcode Printers Market share
3.1 Major Production Market share by Players

Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis

Chapter 5 Company Profiles
5.1 Toshiba

Chapter 6 Globalisation & Trade
6.1 Business Locations

Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions

Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA

Chapter 9 World Barcode Printers Market Forecast through 2021
9.1 World Barcode Printers Demand by Regions Forecast through 2021

Chapter 10 Key success factors and Market Overview

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