Technavio has announced its latest market research report titled Global Barcode Label Printer Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Barcode Label Printer Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--COVID-19 market impact analysis anticipates Negative and Inferior growth for the barcode label printer market, with 48% of the market’s growth expected the from APAC region during the forecast period, according to Technavio report Global barcode label printer market with COVID-19 analysis.
Currently, the QR code is the most popular 2D barcode across the retail, healthcare, and transportation and logistics industries. It can be scanned even by mobile devices such as smartphones and tablets. 2D barcodes such as PDF417 are primarily used for inventory management by the retail, healthcare, and transportation industries. On the other hand, 2D barcodes such as Data Matrix are generally used to mark small items with a square or rectangle pattern known as the matrix. They are mostly used in warehousing with the information being encoded in the form of text or numeric data. 2D barcodes are compact and can significantly store more data than 1D. Moreover, the barcoding system ensures that the purchase orders are linked to the amount of stock that must be replenished. These factors are driving the adoption of 2D barcodes, which, in turn, is driving the barcode label printer market growth significantly. Furthermore, this industry research report also presents a competitive analysis of the market by product (industrial printers, desktop printers, and mobile printers), application (manufacturing, transportation and logistics, retail, healthcare, and others), and geography (APAC, North America, Europe, MEA, and South America).
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The global barcode label printer market is highly competitive with major vendors such as Avery Dennison Corp., Barcodes Inc., Brother International Corp., DASCOM Americas SBI LLC, Honeywell International Inc., Oki Electric Industry Co. Ltd., Postek Electronics Co. Ltd., Printek L.L.C., Toshiba International Corp., and Zebra Technologies Corp. competing based on price, quality, and market presence.
“Apart from the increasing adoption of 2D barcodes, the premiumization through product innovation and growing e-commerce industry are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Top Five Barcode Label Printer Market Vendors
Avery Dennison Corp. operates its business under various segments such as label and graphic materials, retail branding and information solutions, and industrial and healthcare materials. The company offers Mobile Printer Solutions, Handheld Labeler Solutions, Carton/Pallet Labeling, Desktop Printers Solutions, Shelf Labeling, and Rfid Solutions.
Barcodes Inc. operates its business under a unified segment. The company offers Label Printers, Specialty Printers, Office Printing, Print Engines, and Label Printing Software
Brother International Corp. has business operations under a unified segment. The company offers TD-4550DNWB, TD-4420DN, and TD-4100N.
DASCOM Americas SBI LLC operates its business under a unified segment. The company offers ZPL II and EPL.
Honeywell International Inc. operates its businesses under segments: aerospace, honeywell building technologies, performance materials and technologies, safety and productivity solutions. The company offers Industrial Label Printers, Desktop Label Printers, and Mobile Label Printers.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Custom Reports with Industry & COVID-19 Analysis
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Global Barcode Label Printer Market will grow by USD 1.17 bn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/