A barcode label printer is a device used to print labels containing barcodes. These labels contain encoded information in a pattern of lines, typically used to represent product details, pricing and other crucial data.
The barcode label printer market consists of sales, by entities (organizations, sole traders and partnerships), of barcode label printers that refer to a specialized device used to print barcode labels directly onto various materials. These labels typically include information encoded in a series of bars and spaces that can be scanned by a barcode reader.
The global barcode label printer market was valued at $2,732.6 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Retail Industry Growth
The growth of the retail industry fueled demand for barcode label printers in the historic period to manage inventory and enhance customer service. The retail industry refers to a sector of the economy that involves the sale of goods and services to consumers for personal or household use. Barcode labels play a crucial role in the retail industry by facilitating supply chain management, tracking shipments, managing inventory and enhancing overall logistics. Additionally, they are utilized for tracking and managing assets within retail stores, enabling easy location, usage tracking and maintenance as needed. According to the U.S. Bureau of Labor Statistics, a US-based federal agency responsible for collecting and analyzing labor information, there were 1,076,931 private retail establishments in 2023, compared to 1,067,544 in 2022. Moreover, according to the National Retail Federation (NRF), a US-based trade association that represents the retail industry, retail sales in 2023 increased by 4% to 6% compared to 2022, reaching a range of $5.13 trillion to $5.23 trillion. Therefore, the growth of the retail industry supported the growth of the barcode label printer market.
Revolutionizing Workflow Efficiency With Healthcare-Specific Printing Solutions
Barcode label printer companies are focusing on healthcare industry-specific solutions to cater to specialized needs and improve workflow efficiency in the medical sector. These barcode printers are designed to meet the unique labeling and operational requirements of healthcare facilities, ensuring accuracy, compliance and streamlined workflows for patient care. For instance, in April 2023, SATO Holdings Corporation, a Japan-based printing machinery manufacturer, launched the CT4-LX-HC, a specialized 4-inch label printer designed specifically for the healthcare industry. This new printer features an antimicrobial casing for easy cleaning with disinfectant wipes. The CT4-LX-HC streamlines patient workflows with its one-touch media profile recall function and rapid print speeds of up to 8 inches per second. Utilizing Sato AEP (Application-Enabled Printing) intelligence, the printer autonomously verifies labels against its database before printing, ensuring accuracy and compliance.
The global barcode label printer market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 18.1% of the total market in 2022.
Barcode Label Printer Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global barcode label printer market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for barcode label printer? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The barcode label printer market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider barcode label printer market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by resolution, by technology and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the barcode label printer market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by resolution, by technology and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for barcode label printer providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Industrial Printers; Desktop Printers; Mobile Printers
- 2) By Resolution: 300dpi; Between 301 To 600dpi; Above 600dpi
- 3) By Technology: Direct Thermal; Thermal Transfer; Ink Jet; Laser Printing; Dot Matrix
- 4) By End-User: Manufacturing; Retail; Transportation; Logistics; Healthcare, Government, Entertainment; Other End-Users
- Companies Mentioned: Honeywell International Inc; Toshiba Tec Corporation (Japan); Avery Dennison Corporation; Brother Industries Ltd; Zebra Technologies Corporation (US)
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; barcode label printer indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.