Global Barcode Printers Market To Grow At A CAGR of 5.8% During The Forecast Period.

The global barcode printers market was valued at USD 4.35 billion in 2021 and it is forecasted to grow with a compound annual growth rate (CAGR) of about 5.8 percent. The market revenue is projected to reach around USD 10.53 billion by 2028.

A barcode is essentially bars/strips of various widths along with spaces which is nothing but a machine-readable representation of numerals or characters. Barcodes are also known as one-dimensional or linear and can be read by using optical scanners called barcode readers. Barcode printing machines are peripheral printers designed specially to print barcodes or strips which can either be directly printed on a physical object or attached to it separately.

The global barcode printer market was disrupted during the initial phase of Covid-19 majorly due to a temporary halt in production or non-essential items. However, the demand for barcode printers in the pharmaceutical and healthcare sector was not as gravely impacted as the demand in other sectors because of the rising need for barcodes and the subsequent need for barcode printers.

Barcodes are essential in today’s world where the majority of the activities are conducted with the help of technologically advanced machines and gravely utilized cloud or other forms of data storage services. The most relevant examples are the products sold at small or large-scale retail stores. The essentiality of barcodes generates extremely high demand for barcode printers and this rising demand is expected to aid the global barcode printers market growth during the projection period. What makes barcode printers worth investing in are the qualities exhibited by the product. Some of these qualities are cost-effectiveness of these printers, easy usage, the high resolution provided, and portability. These factors create value addition for the overall product which is anticipated to attract more buyers thus propelling global market growth in the coming years. The extensive use of barcode printers in mass-producing sectors like retail and e-commerce amongst others is expected to act as a major growth factor in the global market.

Stringent regulations for printing may act as a restraining factor in the global market growth. Increasing demand for barcode printers in the supply chain sector will provide better growth opportunities while smudged bar lines due to the high heat setting in the barcode printers pose a major challenge to the manufacturers.

The global barcode printers market is categorized into printer type, printing technology, consumables, distribution channel, and region. Based on printer type, the market is categorized into industrial barcode printers and desktop barcode printers. The printing technology segment is bifurcated as direct thermal, thermal transfer, dot matrix, laser, and ink jet. Consumables are segregated as ribbons and wax ribbons. Distribution channels of the market are categorized as direct-to-OEM, direct-to-end user, and dealer/distributor.

North America is anticipated to dominate the global barcode printers market owing to the presence of multi-billion dollar retailers like Walmart, Costco, Carvana, and others. These retail stores are the highest consumers of barcode printers. Along with this, the growing infrastructure in the region coupled with the developed healthcare sector which is also one of the biggest consumers of barcode printers is anticipated to assist the regional market growth.

Asia Pacific is expected to register a significant CAGR during the forecast period because of the growing e-commerce sector in the region. Europe is expected to contribute significantly to the global market because of the rising demand for thermal printers in the region.

Latin America may register steady growth owing to the application of barcode printers in the industrial sector and the Middle East is expected to grow because of the surging application of barcode printers in the hospitality and entertainment sector.

Major players operating in the global barcode printers market include Zebra Technologies Corp., SATO Holdings Corporation, Toshiba Tec Corporation, Honeywell International, Seiko Epson Corp., AVERY DENNISON CORPORATION, BIXOLON, GoDEX International, Star Micronics, Postek Electronics, Printronix, Primera Technology, Brother International Corporation, and Wasp Barcode Technologies.

Recent Developments

• In March 2021, Toshiba Tec Corp has teamed with Catalina, a company located in the United States, to broaden the range of its data-driven marketing services in Japan for various brands and merchants.

Browse the full “Barcode Printers Market By Printer Type (Desktop Barcode Printer, Industrial Barcode Printer), By Printing Technology (Thermal Transfer, Direct Thermal, Dot Matrix, Laser, Ink Jet), By Consumables (Ribbons, Wax Ribbons), By Distribution Channel (Direct-To-End User, Direct-To-OEM, Dealer/Distributor), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/barcode-printers-market

Global barcode printers market is segmented as follows:

By Type

• Desktop Barcode Printer
• Industrial Barcode Printer

By Printing Technology

• Thermal Transfer
• Direct Thermal
• Dot Matrix
• Laser
• Ink Jet

By Consumables

• Ribbons
• Wax Ribbons

By Distribution Channels

• Direct-to-End User
• Direct-to-OEM
• Dealer/Distributor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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