Badge Printer Market Scope
Badge Printer is an electronic printer that prints and personalizes plastic cards. These printers are used for printing high-quality cards from visual IDs to access control. These printers carry the widest selection of card printers, designed to meet any card printing need from single and dual side printing. Badge printers are widely used for printing the ID cards, nameplates, direction plates, and access control cards in end-user industries. The increasing demand for double-sided badge printers is expected to propel the market size in upcoming years. Also, the technological developments such as badge printer built with encoding to make the smart cards prior to printing the image on them have boosted the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Zebra Technologies Corporation (United States), Evolis (France), HP Inc. (United States), Brady Corporation (United States), Neopost SA (France), Matica Technologies AG (Germany), ID Tech Solutions Private Limited (India), Entrust Datacard Corporation (United States), Unicard Technologies Pvt Ltd. (India), Kanematsu USA Inc. (United States) and CIM USA (United States) |
CAGR | 6.05% |
In Badge Printer Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States, Europe Vendors will contribute to the maximum growth of Global Badge Printer market throughout the predicted period.
Zebra Technologies Corporation (United States), Evolis (France), HP Inc. (United States), Brady Corporation (United States), Neopost SA (France), Matica Technologies AG (Germany), ID Tech Solutions Private Limited (India), Entrust Datacard Corporation (United States), Unicard Technologies Pvt Ltd. (India), Kanematsu USA Inc. (United States) and CIM USA (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are HID Global Corporation (United States), Valid USA (United States), NBS Technologies (Canada) and MagicCARD Ltd (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Badge Printer market by Type and Region with country level break-up. On the basis of Type, Inkjet Printers are dominating the market in the year 2022 where as Dye Sub Printers stood as second largest market share.
On the basis of geography, the market of Badge Printer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
The acquisition of Poly, a top international provider of workplace collaboration solutions, was completed by the combined organisation, which offer a leading portfolio of hybrid work solutions to generate long-term sustainable growth. and The merger position the combined company for long-term sustainable growth and value creation, accelerate HP's ambition to build a more growth-oriented portfolio, and further reinforce its industry opportunity in hybrid work solutions.
In April 2018, Zebra Technologies launched new ZC100 and ZC300 Series printers. These printers are built to bring high-quality card printing solutions such as photo identification (ID) cards for employee badges, access control cards for facility access, membership cards, food safety labels, event/seasonal passes and more to the security, retail, hospitality, education and finance industries.
Influencing Trend:
Growing Trend for Wireless Badge Printers
Market Growth Drivers:
Minimal Upfront Investment:” Buying badge printer requires less cost to invest due to which its consumption for personal as well as commercial use has increased. “ and Increasing Adoption of Badge Printer by End-User Industries
Challenges:
Low Compatibility with Different Operating Systems
Restraints:
High Cost of Dual-Sided Product
Opportunities:
Development in Print Technologies and Increasing Demand for Double-sided Badge Printers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Badge Printer Manufacturers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-User Industries