Meticulous Research®—a leading global market research company, published a research report titled ‘Barcode Printers Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the barcode printers market is expected to reach $3.7 billion by 2031, at a CAGR of 7.6% from 2024 to 2031.
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The barcode printers market is currently experiencing strong growth, driven by government initiatives that advocate for the adoption of biometric technologies and a growing trend in automatic data capture and identification systems. Nevertheless, the high costs and lack of awareness of barcode printers, particularly in developing nations, are slowing the market’s expansion.
The demand for industrial barcode printers and continuous advancements in printing technology are providing new opportunities for market participants. However, the shift in consumer preferences towards mobile solutions remains a significant challenge for market growth.
Key Players
The barcode printers market is characterized by moderate competition, featuring a diverse range of global, regional, and local players. Prominent companies in the industry include Avery Dennison Corporation (U.S.), Canon Inc. (Japan), Dascom (Hong Kong), Honeywell International Inc. (U.S.), Oki Electric Industry Co., Ltd. (Japan), SATO Holdings Corporation (Japan), Zebra Technologies Corp. (U.S.), Toshiba Tec Corporation (Japan), Postek Electronics Co., Ltd. (China), Brother Industries, Ltd. (Japan), Epson (Japan), DYMO, Inc. (U.S.), Primera Technology (U.S.), TSC Auto ID Technology Co., Ltd. (Taiwan), and MUNBYN (U.S.).
The market is segmented by offerings, types, distribution channels, and end-use industries, with thorough competitor analyses at both regional and country levels.
Market Segmentation
- Offering: In 2024, the laser printers segment is expected to lead the market, favored for their ability to generate high-resolution, scalable barcodes quickly and with excellent readability.
- Type: Desktop printers are projected to dominate the market, appreciated for their compact design, lower initial costs, and effectiveness in small to medium-volume label printing, particularly in retail for inventory management.
- Distribution Channel: Online sales are anticipated to be the primary distribution channel in 2024, supported by the convenience of e-commerce platforms that allow customers to easily compare various products.
- End-use Industry: The retail and e-commerce sector is projected to dominate the barcode printers market in 2024, driven by the need for enhanced inventory management, reduced errors, improved stock tracking, and a better overall customer experience.
Regional Insights
This report analyzes major regions, including North America (U.S., copyright), Europe (Germany, U.K., France, Italy, Spain, Sweden, Denmark, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Singapore, Malaysia, Australia & New Zealand, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (UAE, Israel, Rest of Middle East & Africa).
In 2024, Asia-Pacific is forecasted to lead the barcode printers market, capturing over 45% of the market share. This dominance is attributed to the broad adoption of automatic data capture and identification technologies, increased industrial automation investments, rapid retail and e-commerce growth, and urbanization, all driving businesses to enhance operational efficiency and improve customer experiences.
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