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Barcode Printer Market

Barcode Printer Market Analysis, Size, Share and Forecast 2018-2026
Barcode Printer Market Size Will Escalate Rapidly
in the Near Future
Barcode Printer Market study provides key insights about market drivers,
restraints, opportunities, new product launches or approval, regional
outlook, and competitive strategies adopted by the leading players.
Barcode represents data which is machine readable and gives information about the physical
object to which it is attached. Barcode symbol is in the form of white spaces and black parallel
lines, which has width and spacing in between them. There are various types of barcode among
which Universal Product Codes (UPC), code128, and code 39 are the most popular types of
barcode across the globe. Barcode printer is a computer operated device used to print the
barcode labels on physical objects. They have high speed and power, which enhances its quality
and provides durability so that it is possible to use it in any environment.
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Driving factors for Barcode Printer market
Barcode printer has applications in manufacturing, transportation and logistics, retail, and
shipping. These printers have large paper capacities and operate faster as compared to other
conventional printer, which has led to increase in demand for barcode printer. In healthcare
sector, safety of patients and high quality services is the major focus of many hospitals services
for which barcode printer technology provides adequate services. Furthermore, barcode
printers are used in blood bank and pharmacy labeling, which is fueling growth of the barcode
printer market in hospitals. Furthermore, it reduces medical errors, as it identifies the
medications at unit dose level for dispensing.
The adoption of barcode printers in manufacturing operations has witnessed considerable
increase to get more assistance to track the products’ progress and to provide assembly as well
as warehouse instructions. In manufacturing facilities, especially conveyors, barcodes detect
route of the product line on a conveyor to receive the further integrations of components.
Mobile barcode printers are portable and provide high quality receipts. Furthermore, these
barcode printers are connected to computer or smart devices by using wireless technology such
as Bluetooth or Wi-Fi, which is propelling demand for mobile barcode printer technology.
Radio Frequency Identification (RFID) technology is similar to barcode technology. However, it
does not requires label to read. Furthermore, it is more efficient and secure as compared to
barcode printer, which is propelling demand for RFID technology over barcode printer
technology, in turn inhibiting growth of barcode printer market. Moreover, barcode printers are
not compatible with many operating systems, which reduces their operational efficiency, in turn
restraining barcode printer market growth.
Regional Analysis of Barcode Printer Market
North America and Europe contribute the largest market share in barcode printer technology
and are matured markets as consumers are aware regarding use of barcode printers for various
applications in industries, such as healthcare, transportation, and logistics.
Asia Pacific is expected to witness fastest growth in barcode printer market during the forecast
period. Growth in retail, manufacturing, and transportation infrastructure industry in countries
such as India, China, and others leads to increasing use of barcode printer. For instance, as per
India Brand Equity Foundation manufacturing sector in India was estimated to have witnessed
growth of 4.34% between FY 2012 to 2018 and is expected to contribute around US$ 388.01
billion in 2017-18. Another major reason for growth of barcode printer technology in this region
is increasing use of advanced technologies in industries.
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Key Players in Barcode Printer Market
Major key players operating in the barcode printer market include Zebra Technologies (U.S.),
Toshiba Tec corporation (Japan), Avery Dennison, Honeywell Scanning & Mobility, SATO
Holdings Corporation(Japan), Oki Electric Industry Co. Ltd., Printek Inc., Printronix, Dascom
printer, Seiko Epson Corporation, Godex International Co. Ltd, and Avery Dennison.
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