New York, NY, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Barcode Printers Market by Product (Industrial, Desktop, and Mobile), by Technology (Thermal Transfer, Impact, Direct Thermal, Laser, and Ink-Jet), by Resolution (Below 300 DPI, Between 301 and 600 DPI, and Above 600 DPI), by Connectivity (Wired and Wireless), and by End-user (Healthcare, Manufacturing, Retail, Transportation & Logistics, Government, and Others End Users): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024”. According to the report, the global barcode printers market accounted for around USD 2.35 billion in 2017 and is expected to reach approximately USD 3.58 billion by 2024, growing at a CAGR of around 6.26% between 2018 and 2024.
Barcode printer is as a device that is designed to produce barcode labels that are attached to other objects. Barcode printers use either thermal transfer or direct thermal techniques to apply ink to tags. Thermal transfer type printer uses ink ribbons in order to apply the barcode directly into the tag while thermal transfer printers apply heat to blacken the barcode onto the tag.
Browse through 69 Tables & 39 Figures spread over 173 Pages and in-depth TOC on “Global Barcode Printers Market Share 2017: By Product, Industry Size, Growth Drivers, Trends Analysis and Forecast, 2024”.
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While both direct thermal and thermal transfer is productive, the barcodes made through direct thermal printers are expected to be unreadable if are revealed to elements that include chemicals, sunlight, and heat; hence, the lifespan of barcodes made with the thermal transfer is less. Due to the longevity of the barcodes made with thermal transfer printers, along with printing quality & high production cost of materials, they are likely to be expensive than direct thermal printers. Barcode printers are also applicable to small business as well as industrial and shipping products.
The booming retail sector along with the rising demand for point of sales are the two major factors driving the barcode printer market. Furthermore, rising demand from the manufacturing sector as barcodes contain information such as production line number, date of completion, and miscellaneous quality control information favors the barcode printer’s market growth. Moreover, the advantage of barcode printers such as improved data accuracy, inventory and asset management, consistency, and efficiency is expected to shape barcode printers demand in the near future. On the other hand, the threat of RFID tags as substitutes to barcode labels is expected to hamper the barcode printer market growth. Nonetheless, availability of barcode printers in various configurations, technologies, and forms may disclose new avenues for barcode printers market in the near future.
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Industrial barcode printer dominated product segment of the barcode printers market in 2017 owing to the preference of rugged and sturdy barcode printers with higher productivity. A desktop barcode printer is expected to become another most lucrative product segment in the forecast period.
Thermal transfer technology segment held the largest market share in 2017 and accounted for over half of the total market share. The growth of this segment is mainly attributed to low cost, high speed, low noise, and provision for easy cleaning of thermal transfer technology barcode printers. Direct thermal technology segment is expected to experience significant growth owing to enhanced durability, and elimination of the need for disposing of used ink ribbons and low operational cost.
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Manufacturing and retail end-user segments together acquired the largest market share for barcode printers market in 2017. Currently, the manufacturing sector accounted for more than 30% of the market share. Increasing use of barcode printers for specimen labeling, surgical procedures, patient identification, and tracking services, and point of care (POC) medicine administration is expected to offer significant growth opportunities for healthcare sector to grow further.
Revenue-wise, North America held the highest share of the global barcode printers market and this trend is estimated to continue over the analysis period. The major factors driving the growth of the market are the higher preference of barcoding technology in different applications coupled with rising demand mainly from the U.S. North America accounted for over more than 30% of market share in 2017.
Browse the full "Barcode Printers Market by Product (Industrial, Desktop, and Mobile), by Technology (Thermal Transfer, Impact, Direct Thermal, Laser, and Ink-Jet), by Resolution (Below 300 DPI, Between 301 and 600 DPI, and Above 600 DPI), by Connectivity (Wired and Wireless), and by End-user (Healthcare, Manufacturing, Retail, Transportation & Logistics, Government, and Others End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/barcode-printers-market
Europe is considered as another leading regional market and is anticipated to witness a significant growth over the projected years. Western Europe is predicted to account for the significant market share for barcode printers in the future years. Technology advancement and growing approach for product differentiation are some of the major contributing factors to the growth of the barcode printers market.
The Asia Pacific is predicted to witness noteworthy growth due to the massive investments by MNCs in retail infrastructure. In addition, the establishment of production facilities in economies is also likely to propel the demand across the region over the next five years. China held the largest market share in the Asia Pacific. Growth in China is mainly accredited to a large number of production facilities paired with escalating demand from shipping application segment. The increase in the number of manufacturers involved in selling inexpensive barcode printers, primarily in the Asia Pacific has resulted in the market commoditization.
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Some of the key players in the barcode printers market are Zebra Technologies, Toshiba Tec, SATO Holdings Corporation, Oki Electric Industry Co., Ltd., Printek Inc., Printronix, Avery Dennison, Honeywell Scanning & Mobility, and Dascom, amongst others.
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The report segments the global barcode printers market as follows:
Global Barcode Printers Market: Product Segment Analysis
- Industrial
- Desktop
- Mobile
Global Barcode Printers Market: Technology Segment Analysis
- Thermal Transfer
- Impact
- Direct Thermal
- Laser
- Ink-Jet
Global Barcode Printers Market: Resolution Segment Analysis
- Below 300 DPI
- Between 301 and 600 DPI
- Above 600 DPI
Global Barcode Printers Market: Connectivity Segment Analysis
- Wired
- Wireless
Global Barcode Printers Market: End-User Segment Analysis
- Healthcare
- Manufacturing
- Retail
- Transportation & Logistics
- Government
- Others
Global Barcode Printers Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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