Global Barcode Label Printer Market 2017-2021
About Barcode Label Printer
A barcode label printer is used to print labels or tags directly on physical objects. Barcode label printers are used for printing barcodes and product labels. These printers are slightly different from traditional printers as these printers use various types of consumables to achieve a barcode print image The global barcode label printer and scanner market consists of two products, namely barcode scanners and barcode label printers. The market for barcode scanners is growing at a steady rate. Barcode label printers are mainly used for work-in-process tracking, order picking/packing, back-of-store operations, lab sample tracking, reverse logistics, and inventory management in various industries.
Technavio’s analysts forecast the global barcode label printer market to grow at a CAGR of 8.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global barcode label printer market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Barcode Label Printer Market 2017-2021
Technavio recognizes the following companies as the key players in the global barcode label printer market: Avery Dennison, Honeywell International, TOSHIBA TEC, and Zebra Technologies.
Other Prominent Vendors in the market are: Barcodes, Brother International, DASCOM, Oki Electric Industry, Postek Electronics, Printek, PRINTRONIX, SATO HOLDINGS, Seiko Epson, TSC Auto ID Technology, and Wasp Barcode Technologies.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising omnichannel retailing. Retailers sell their products and goods through multiple mediums such as brick and mortar stores, m-commerce, and e-commerce, which is called omnichannel retailing. With the growing penetration of the Internet and the improving network infrastructures, retailers have started increasing their reach and have revolutionized the shopping experience for customers with the help of e-commerce and m-commerce.”
According to the report, one driver in the market is premiumization through product innovation. Premiumization of product through innovation is driving the global barcode label printer market. The need for automatic item identification is predominant across all sectors, making barcodes a timeless labeling necessity. Barcode printing is gaining traction across various sectors. The vendors of barcode printers are extending their product lines and expanding their production capacities to meet the growing demands of end-users. They are also focusing on adopting new data collection technologies that can be incorporated into their existing product lines.
Further, the report states that one challenge in the market is increased adoption of RFID printers. The increased adoption of RFID printers is hindering the growth of the global barcode label printer market. The RFID label printer is used to print labels that have information such as a unique ID or an electronic product code, and labels are marked with a barcode and human-readable text by the printers. RFID printers are designed for mass printing and encoding applications. RFID printers consist of a reader and a printer combined into one machine. Barcodes can store a limited amount of data compared with RFID tags, which have a non-volatile memory and can store up to 8 kb of information in some cases (the lowest being the reserved memory of 32 bits).
Avery Dennison, Honeywell International, TOSHIBA TEC, Zebra Technologies, Barcodes, Brother International, DASCOM, Oki Electric Industry, Postek Electronics, Printek, PRINTRONIX, SATO HOLDINGS, Seiko Epson, TSC Auto ID Technology, and Wasp Barcode Technologies.