Global Barcode Printers Market by Types, End-use Industries, and Regions — Market Size, Share and Trends, Forecasts 2020–2026

Global Barcode Printers Market was valued at USD 2.6 Billion in 2017, and is expected to grow at CAGR of 5.2% over forecast period 2020–2026. Rise in usage of barcode printers for labeling and point of sales (POS) purposes in organized retail, growth in the e-commerce industry coupled with growing implementation in healthcare applications are the factors driving the market.

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Barcode printers are specialty printers which enable the printing of barcode labels or tags that can be directly printed on or attached to physical objects. They are commonly used to label retail items or label cartons with Universal Product Codes (UPCs) or European Article Numbers (EANs) before shipment. They are also used for printing barcodes on wristbands used for personal identification in hospitals or events.

Increased use in organized retail for labeling and point of sale purposes is expected to drive the barcode printers market over the forecast period. Increased demand for barcode wristbands is expected to favorably impact market growth. Furthermore, the trend of mobile sales workforce carrying out on-field transactions has augmented the demand for mobile printers that are capable of connecting wirelessly to the organization’s network and printing receipts on the spot. Increased adoption of radio frequency identification (RFID) which offers several advantages over barcodes is expected to pose a challenge to industry growth. The barcode printers market has witnessed commoditization owing to Asian companies offering products at considerably lower prices.

Market Trends, Drivers, Restraints, and Opportunities:

An increase in the adoption of thermal portable printers is a primary factor driving the growth of the market.
Rising usage of barcode printers for many healthcare applications is propelling the market growth.
Concerns regarding close substitutes such as RFID printers are likely to hamper the growth of the market.
Ongoing and upcoming developments in barcode printing technology are expected to create new growth opportunities in the market.