Barcode Printers Market to Record Proceeds Worth USD 3.5 Billion by 2024

In the barcode printers market, mobile barcode printer is expected to witness growth from 2018 to 2024

Barcode Printers Market is set to reach USD 3.5 billion by 2024. The rising demand for e-commerce across the globe is anticipated to propel the barcode printers market growth over the forecast timeline. The increasing number of online buyers across various regions can be credited to the rising number of warehouse companies and distributors, followed by the availability of improvised logistic providers ensuring a fast and safe delivery of the items purchased online. Additionally, the barcode devices are relatively cost-effective as compared to conventional labeling machines, which proves to be a major growth driver for the market.

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The latest technological advancements in the barcode technology for the healthcare domain are among the key factors driving the barcode printers market growth. For instance, Z-band anti-microbial wristbands that possess anti-microbial coating and durable barcodes printed out using a thermal printer can withstand wear and tear. Initiatives such as mandatory barcode labeling for few medications by the Food and Drug Administration (FDA) further contributes to the industry growth.

The rising demand for modern and advanced retail stores across the word is anticipated to boost the barcode printers market growth. Rapid urbanization trends coupled with rising disposable incomes have led to an increasing number of people adopting digitalization. Companies across the world are pressing on launching new products and collaborating with other companies to offer new solutions in barcode printing, thereby driving the industry demand.

In terms of applications, healthcare sector has emerged as one of the most lucrative avenues for the barcode printer market growth, owing to extensive deployment of these devices for tracking patient ID systems, specimen collection, and point-of-care medication with least medical errors. As per reliable reports from Institute of Medicine, medical errors claim as many as 98,000 American lives per year. Addressing the need to reduce medical errors, barcode printers, with an error rate of one in 36 trillion characters are penetrating deeper in the healthcare sector.

One of the major contributions in this regard has been the launch of Zebra® QLn220™ mobile printers by Zebra Technologies, a renowned barcode printer market player. Reportedly, by simply scanning the printed barcodes through these mobile printers on ID badges, medications, patient’s wristbands, blood bags, and food trays, the caregivers can ensure whether the specimens are associated with the right patients. It is prudent to mention that the use of barcodes for identification and verification in hospitals and other medical fraternities has not only reduced errors, but has also improved the overall process efficiency and cost effectiveness.

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The growing popularity of RFID labels that offer several advantages over barcodes is posing to be a major threat to the barcode printers market. Barcode technology requires a person to scan each item individually whereas RFID scans multiple items at once, offering a higher throughput, thus making it a preferred choice.

In the barcode printers market, mobile barcode printer is expected to witness growth from 2018 to 2024. These systems facilitate high-speed printing solutions boosting their demand across various industry verticals. Moreover, the advancements in the technology have resulted in a consistent demand for the wireless barcode printers. These devices have enabled the consumers to effortlessly connect their devices using Wi-Fi, Bluetooth, and NFC technologies, eliminating the requirement of wires, further contributing to the industry growth.

Stable economic conditions in European regions including Germany, Austria, and the UK have resulted in the barcode printers market growth. Several logistics service providers in Europe are trying to enhance their businesses with the use of devices for labeling and faster throughput. Furthermore, the growing manufacturing sector in China and India and the rising retail and pharmaceutical exports are expected to propel the industry demand.

Players in the barcode printers market are Seiko Epson Corporation, Avery Deninson, Zebra Technologies, and Sato Holdings Corporation. The players are looking to expand their market reach by entering into mergers & acquisitions. For instance, in March 2015, Honeywell announced the acquisition of Datamax-O'Neil to expand its barcode printing portfolio.

Table of Contents (TOC) of the report:
Chapter 4 Barcode Printers Market, By Product
4.1 Barcode printers Industry share by product, 2016 & 2024
4.2 Industrial
4.2.1 Market estimates and forecast, by region, 2013 – 2024
4.3 Desktop
4.3.1 Market estimates and forecast, by region, 2013 – 2024
4.4 Mobile
4.4.1 Market estimates and forecast, by region, 2013 – 2024

Chapter 5 Barcode Printers Market, By Technology
5.1 Barcode printers Industry share by technology, 2016 & 2024
5.2 Thermal Transfer
5.2.1 Market estimates and forecast, by region, 2013 – 2024
5.3 Direct Thermal
5.3.1 Market estimates and forecast, by region, 2013 – 2024
5.4 Laser
5.4.1 Market estimates and forecast, by region, 2013 – 2024
5.5 Impact
5.5.1 Market estimates and forecast, by region, 2013 – 2024
5.6 Ink-Jet
5.6.1 Market estimates and forecast, by region, 2013 – 2024

Chapter 6 Barcode Printers Market, By Resolution
6.1 Barcode printers Industry share by resolution, 2016 & 2024
6.2 Below 300 dpi
6.2.1 Market estimates and forecast, by region, 2013 – 2024
6.3 Between 301 & 600 dpi
6.3.1 Market estimates and forecast, by region, 2013 – 2024
6.4 Above 601 dpi
6.4.1 Market estimates and forecast, by region, 2013 – 2024

Chapter 7 Barcode Printers Market, By Connectivity
7.1 Barcode printers Industry share by connectivity, 2016 & 2024
7.2 Wired
7.2.1 Market estimates and forecast, by region, 2013 – 2024
7.3 Wireless
7.3.1 Market estimates and forecast, by region, 2013 – 2024

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