Market Snapshot:
Barcode Equipment is a device which is used for decoding the barcode languages. These devices help in scanning the influx or the barcodes written on any kind of packages. The barcodes that are used on any product or packaging are mostly decoded by the use of a scanner. It is seen that the market rate or share of this barcode equipment are majorly found in North America and is probably expected to create total incremental opportunity of more than USD1500 Mn from 2017 to 2027. The rising use of barcode on most of the products are driving the market for barcode types of equipment.
Segment Analysis
AMA Research have segmented the market of North America Barcode Equipment market by Type, Application and Region. On the basis of Type, Barcode Scanner are dominating the market in the year 2020
On the basis of geography, the market of Barcode Equipment has been segmented into North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Canada on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Improved Use of Data from Barcode Scanners with Big Data to Improve Decision Making and Wide Application of Barcode Scanners is a New Trend in North America
Market Drivers
Increasing Use of Barcodes in Transportation and Logistics, Retailing, Overseeing Books and on May More Things and Increasing Demand of Barcodes from Industrial Sector
Opportunities
Growing Use of Barcodes in Healthcare Sector Is Fueling the Market in North America and Advanced IT Infrastructure Along With Along With the Growing Education Sector in North America
Restraints
- Issue Related to Rising in Scanning Discrepancies
- High Initial Capital Investment in Forecasted Years
In addition to the aforementioned factor, Increasing Use of Barcodes in Transportation and Logistics, Retailing, Overseeing Books and on May More Things
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Honeywell (United States), Symbol (United States), General Data Company (United States), Avery Dennison (United States), Zebra Technologies (United States), OCR Canada (Canada), Printronix (United States), Hewlett-Packard (United States), Epson America Inc. (United States) and Wasp Barcode Technologies (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.