Industry Background:
The global barcode printer market is expected to witness high demand in the forecasted period due to a rise in demand for wristbands in the healthcare sectors. A barcode printer is a device that is designed to produce barcode labels that are attached to other objects. Barcode printers use either thermal transfer or direct thermal techniques to apply ink to tags. and the high adoption of barcode printer in the manufacturing sectors and it contains information including production line number, date of completion, and miscellaneous quality control information. Additionally, there are various advantages of barcode printers including inventory and asset management, data accuracy consistency, and efficiency is expected to shape barcode printer's demand in the near future.According to AMA, the market for Barcode Printers is expected to register a CAGR of 7.4% during the forecast period to 2026. This growth is primarily driven by Increasing Inclination of Yong Population towards Wrist Bands and High Demand for Industrial Barcode Printer.
Globally, a noticeable market trend is evident Growing Number of Shipments Exported and Imported
. The Sensor Systems sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Zebra Technologies (United States), Toshiba Tec (Japan), Avery Dennison (United States), Honeywell Scanning & Mobility (United States), Printek Inc. (United States), Printronix (United States), Dascom (Hong Kong), Epson (Japan) and Fujitsu (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 16th June 2019, PrintekMobile, an industry leader for reliable, innovative, on-the-go rugged mobile printers, has announced the launch of its NEW and updated VehiclePro 420 Mobile Thermal Printer Series.
Market Drivers
- Increasing Inclination of Yong Population towards Wrist Bands
- High Demand for Industrial Barcode Printer
Market Trend
- Growing Number of Shipments Exported and Imported
- Worldwide Growth in Retail Industry Providing Demand from E-Commerce Industry
Restraints
- The Threat of RFID Tags as Substitutes
Opportunities
Technological Advancement such as Improved Data Accuracy, High Speed, Low Noise and Upsurging Demand from Various End-User Industries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Barcode Printers Study Sheds Light on
The Barcode Printers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Barcode Printers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Barcode Printers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.