Barcode Printers Market – Worldwide Growth Analysis

The report "Global Barcode Printers Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast" added by to its vast repository provides market insights, facts, historical data, and future projections of the barcode printers industry.  This report provides information in terms of revenue and volume for the period 2015 to 2022. Drivers, restraints, and opportunities are intellectually assessed in the research report.

The barcode printers are the computer generated printing tags or labels, which can be attached to or printed directly on physical objects. These printers use either thermal transfer or direct thermal technique to employ ink to labels. These are mainly used to label retail items, or cartons before shipment. These are one or two dimensional and can be read by special barcode readers or optical scanners. Increasing application opportunities and rising demand for portable & thermal mobile printers are major growth drivers, which are expected to fuel demand for this market over the coming years. Additionally, growing demand from retail manufacturing and shipping industries due to its various advantages such as improved data accuracy, asset & inventory management, consistency, efficiency and diverse quality control information will further aid to the market growth in the near future.

Rapid urbanization, rising e-commerce and logistics activities and global economic growth are expected to open new avenues for the growth of barcode printers market in the forthcoming years. Increasing usage of the barcode in varied industry environments for a broad range of applications in hospital & healthcare settings such as patient identification, generating SOAP notes with barcodes to drugs management and others are also anticipated to have a positive impact on the market penetration over the coming years. Furthermore, the rising trend of a mobile workforce with on-field transactions has boosted the demand for mobile printers due to the facility of wireless connectivity and on spot printing solutions. However, increasing adoption of RFID (radio frequency identification) over barcodes as a substitute pose a major challenge, which may hinder the growth of this market in forthcoming years.

The market has been segmented based on product into desktop printers, mobile printers, and industrial printers. The industrial printer is a leading product segment and is estimated to continue its dominance during the forecast period owing to its longer service life and fast operation process. Mobile printers are expected to grow at a significant rate over the coming years due to its increasing usage in various field-based applications.

Barcode Printers Market
The barcode printers market has been further segmented based on technology into the thermal transfer, direct thermal, laser, impact, and ink-jet. The direct thermal technology is anticipated to witness a double-digit growth over the forecast period on account of its enhanced durability, less operational costs, and eco-friendly nature. Furthermore, the market has been segmented based on end use into healthcare, manufacturing, retail, shipping, and government. Manufacturing applications dominant the market and is projected to grow at a substantial rate over the forecast period due to on-time delivery information and miscellaneous information provider for the quality control purposes. However, retail and healthcare are emerging as an attractive market for barcode printers and are expected to witness a double-digit growth in the near future owing to an extensive usage of printing tags for various purposes across the globe.

North America is a major market and is projected to dominate the market over the coming years due to increased demand for barcode from the U.S. and other European countries. Asia Pacific is a fastest emerging market and is anticipated to witness substantial growth during the forecast period owing to the establishment of several production facilities due to cost-effectiveness and rising foreign investments in the industrial & retail infrastructure in the region.

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The major industry players include Avery Denninson, Canon Inc., Dascom Holdings, Honeywell Scanning & Mobility, Oki Electric Industry Co., Ltd., Printek Inc., Printronix, SATO Holdings Corporation, Toshiba Tec, and Zebra Technologies. The global barcode printers market is highly consolidated in nature due to a large number of mergers and acquisitions by vendors to achieve market growth across the verticals, and regions.

In May 2012, Epson has launched its first series of portable stationery label printers under its own “Epson” brand.

In Dec 2014, Toshiba Tec, the leading provider of technology solutions launched a new label compact printer the B-FV4 series, which offers an affordable, powerful label printing solution.

In Sept 2015, Printronix Inc. has launched a new generation premier thermal Printers the T8000 for Asian market with ease-of-use, and capability to print 100% scannable barcodes, for manufacturing, retail and transportation and logistics distribution.

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