January 11, 2021

Barcode Printer Market Analysis (2020-2027)

Barcode is a machine-code in form of parallel lines of varying width used for coding product information. A barcode printer is an electronic device that is typically used for printing barcode tags or labels, which can be attached to objects that are for sale or shipping. Barcode printers do not have programmable logic controllers though they rely on an external computer system. The barcode printer uses direct thermal or thermal transfer techniques to apply ink labels. They are typically used in the manufacturing industry, transportation, government, healthcare, commercial services, and retail.

Market Dynamics

A number of manufacturers around the world are incorporating automation and streamlining their manufacturing processes, in order to reduce wastage and enhance the efficiency of output. This, in turn, has increased the adoption of barcodes significantly, as each product or part in the assembly is assigned barcode which is signed and recorded repeatedly at each workstation. As a result, this provides information on the progress of the product. This, in turn, has reduced production time significantly in the manufacturing process thereby driving the demand for barcode printers. Also, barcodes are extensively used in the retail industry to tag products where it can store key information such as manufacturing date, price, where it was manufactured, batch number, and more. This can help retailers to keep the record of their products and inventory on shops and warehouses. This, in turn, is expected to drive the market growth in the near future.

As per the new regulations in US and other European countries, it is mandatory for all manufacturers to include a unique serial number and 2D barcode on every drug containers for sale and transportation. Also, Barcodes have been widely used in healthcare industry for other numerous purposes including surgical procedures, patient identification, specimen labeling, tracking devices, etc. Thus, growing adoption of barcodes in healthcare industry is expected to pose excellent growth opportunities for market players.

Market Taxonomy

This report segments the global barcode printer market on the basis of Printer Type, Printing Technology, Consumables, Application, Distribution Channels and region. On the basis of printer type, the global barcode printer market is segmented into Desktop Barcode Printers, Industrial Barcode Printers, Mobile Barcode Printers and Others. On the basis of printing technology, the market is segmented into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of consumables, the market is segmented into Ribbons (Wax/Resin Ribbons, Resin Ribbons and Wax Ribbons) and Labels. On the basis of application, the market is segmented into Industrial/Manufacturing, Transportation/Logistics, Retail, Healthcare, Government and Commercial Services. On the basis of distribution channel, the market is segmented into Direct-to-End User, Direct-to-OEM, Dealer/Distributor and Systems Integrator. On the basis of region, the market is segmented into Asia Pacific, North America, Latin America, Europe and MEA

Key features of the study:

·         This report provides an in-depth analysis of the Global barcode printer market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year

·         It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

·         This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players

·         It profiles leading players in the global barcode printer market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

·         Key companies covered as a part of this study are Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, GoDEX International Co., Ltd., Printronix, Inc., TSC Auto Id Technology Co., Ltd., Printek, Inc., Oki Electric Industry Co., Ltd., and Stallion Systems And Solutions Pvt. Ltd.

·         Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics

·         The global barcode printer market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts

·         Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global barcode printer market

Detailed Segmentation:

·          Global Barcode Printer Market, By Printer Type:

o    Desktop Barcode Printers

o    Industrial Barcode Printers

o    Mobile Barcode Printers

o    Others

·          Global Barcode Printer Market, By Printing Technology:

o    Thermal Transfer

o    Direct Thermal

o    Dot Matrix

o    Laser

o    Ink Jet

·          Global Barcode Printer Market, By Consumables:

o    Ribbons

§  Wax/Resin Ribbons

§  Resin Ribbons

§  Wax Ribbons

o    Labels

·         Global Barcode Printer Market, By Application:

o    Industrial/Manufacturing

o    Transportation/Logistics

o    Retail

o    Healthcare

o    Government

o    Commercial Services

·         Global Barcode Printer Market, By Distribution Channels:

o    Direct-to-End User

o    Direct-to-OEM

o    Dealer/Distributor

o    Systems Integrator

·         Global Barcode Printer Market, By Region:

o    Asia Pacific

o    North America

o    Latin America

o    Europe

o    MEA

·         Company Profiles

o    Avery Dennison Corporation

§  Company Overview

§  Product Portfolio

§  Financial Performance

§  Key Strategies

§  Recent Developments

§  Future Plans

o    GoDEX International Co., Ltd.

o    Honeywell International, Inc.

o    Oki Electric Industry Co., Ltd.

o    Printek, Inc.

o    Printronix, Inc.

o    SATO Holdings Corporation

o    Stallion Systems And Solutions Pvt. Ltd.

o    Toshiba TEC Corporation

o    TSC Auto Id Technology Co., Ltd.

o    Zebra Technologies Corporation

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