San Francisco, 24 December 2018, Barcode Printers Market Analysis By
Product (Mobile, Desktop, Industrial/Tabletop), By Technology (Thermal
Transfer, Direct Thermal, Laser, Impact, Ink-Jet), By End-Use (Healthcare,
Manufacturing, Retail, Shipping, Government) And Segment Forecasts To 2020
The global barcode printers market is expected to reach USD
3.81 billion by 2020, according to a new study by Grand View Research, Inc.
Increased demand for mobile barcode printers is expected to drive market growth
over the forecast period. Implementation of bar-coded wristbands for personal
identification in hospitals and events has augmented the demand for mobile
barcode printers.
Growth of organized retail
stores worldwide has significantly driven the barcode printers market, as products
equipped with barcode tags enable faster and more efficient check-outs. Growing
adoption of Radio Frequency Identification (RFID) may pose a challenge to
market growth over the next six years owing to the numerous advantages offered
by the technology, such as dynamic storage of information which can be updated
periodically.
Access Full Research Report On Barcode Printers Market Analysis:
www.grandviewresearch.com/industry-analysis/barcode-printers-market
www.grandviewresearch.com/industry-analysis/barcode-printers-market
Further key findings from the study suggest:
·
Industrial printers dominated
the barcode printers market in 2013, accounting for over 60% of the overall
revenue share. Mobile printers are expected to witness high growth over the
forecast period owing to their ease of use and utility in numerous field-based
applications; they have been increasingly used by organizations’ salespeople in
order to conduct business and issue authentic invoices and receipts
irrespective of the time and place.
·
Thermal technology based
printers accounted for over 60% of the market share as compared to their
non-thermal counterparts, primarily because of their reliability, high speed,
low noise and provision for easy cleaning. Among thermal technology based printers,
the direct thermal technology is expected to witness significant growth over
the forecast period owing to enhanced durability, low operational costs and
elimination of the need for disposing used ink ribbons, making it more
eco-friendly.
·
Manufacturing applications led
the market in 2013, accounting for over 35% of the overall revenue. Retail and
healthcare are expected to be lucrative fields for the barcode printers market
over the forecast period, with both projected to witness high growth rates. In healthcare,
barcode printers have been extensively used for printing tags used in patient
ID systems in order to prevent medical errors by enabling access to accurate
patient information for surgical procedures and specimen collection.
·
North America dominated the
market in 2013, accounting for over 40% of the overall revenue. Asia Pacific is
expected to witness high growth rate over the forecast period.
·
The market has become
increasingly consolidated owing to significant mergers and acquisitions in
order to achieve growth across several product categories, verticals, and
regions; for instance Honeywell’s acquisition of Intermec and SATO’s
acquisition of Argox. Vendors have to deal with low profit margins owing to the
highly commoditized nature of the market.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global barcode printers market on the basis of product, technology, end-use and
region:
Barcode Printers Product
Outlook (USD Million, 2012 - 2020)
·
Desktop
·
Mobile
·
Industrial
Barcode Printers Technology
Outlook (USD Million, 2012 - 2020)
·
Thermal Transfer
·
Direct Thermal
·
Laser
·
Impact
·
Ink-Jet
Barcode Printers End-Use
Outlook (USD Million, 2012 - 2020)
·
Healthcare
·
Manufacturing
·
Retail
·
Shipping
·
Government
Barcode Printers Regional
Outlook (USD Million, 2012 - 2020)
·
North America
·
EMEA
·
Asia Pacific
·
Latin America
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-barcode-printers-market
www.grandviewresearch.com/press-release/global-barcode-printers-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/