San Francisco, 24 December
2018: The
Report 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.
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| Barcode Printers Market |
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 Research Report of 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
Press Release of 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.
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