A recent report published by Infinium Global Research on barcode printers market provides in-depth analysis of segments and sub-segments in the global as well as regional barcode printers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional barcode printers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global barcode printers market. According to the report, the global barcode printers market is projected to grow at a CAGR of 6.4% over the forecast period of 2018-2024.
A barcode printer is a device that helps to produce barcode tags or labels that are printed objects. Barcode printer use either direct thermal transfer or thermal transfer techniques to apply ink to labels.
Direct thermal printers are easy to operate and it can easily scan the barcode labels. These printers print on numerous kinds of stock with sharp print quality and provide durable and reliable use in applications such as industrial operations and shipping etc. direct thermal printers are sensitive to the environment while thermal transfer printers are long lasting and can withstand heat, moisture, and abrasion. These two printers preferred mostly than dot matrix, ink jet printers, and laser printers owing to its ability to produce single barcodes with low cost, and tendency to heat the adhesive on the labels.
The global barcode printer market is primarily driven by the rising adoption of barcode across various end-use industries such as transportation, manufacturing, healthcare, retail, and logistics. In addition, a rising number of online buyers and transactions coupled with growth in e-commerce is expected to fuel the market in the forecast period. Moreover, various benefits such as inexpensive, easy design and reduced error are augmenting the use of barcode printers that in turn fuels the growth of barcode printer market. Manufacturers are using barcode printing technology to help cut costs, streamline operations, and improve quality control that fuels the growth of barcode printer market. However, advanced tags and availability of conventional printers as a substitute hamper the growth of barcode printer market. Nevertheless, rising adoption of barcode printing techniques in the healthcare sector is providing beneficial opportunities for barcode printer market in the near future.
Among the geographies, North America dominates barcode printer market owing to the rising use of barcode in several applications and industries such as manufacturing, logistics, transportation, and healthcare. The Asia Pacific is expected to register substantial growth owing to rising investment in the manufacture and retail industries.
The report on global barcode printers market covers segments such as types, connectivity, and application. On the basis of types, the sub-markets include dot matrix, ink jet, direct thermal, and thermal transfer. On the basis of connectivity, the sub-markets include wired, and wireless. On the basis of application, the sub-markets include manufacturing, government, transportation & logistics, retail, healthcare, entertainment & hospitality, and others.
The report provides profiles of the companies in the market such as ZIH Corp, DASCOM, TOSHIBA TEC CORPORATION, PRINTRONIX, AVERY DENNISON CORPORATION, Oki Electric Industry Co, Honeywell International Inc., SATO HOLDINGS CORPORATION, Printek®, L.L.C., and Bixolon.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of barcode printers market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.