Press release
Barcode Scanner Market to reach USD 12.15 Bn by 2029, Technological Advancements and Growth Opportunities
Pune 05, May 2023: The global barcode scanner market size was valued at USD 6.81 Bn in 2021 and is projected to grow at a CAGR of 7.5 percent through 2029, reaching nearly USD 12.15 Bn, according to the latest report by MMR, a leading market research firm.Barcode Scanner Market Report Scope and Research Methodology
Barcode scanners are electronic devices that read printed barcodes, decode data from the barcode, and send it to a centralized computer network. The market is primarily driven by the increasing adoption of barcode scanners by manufacturers, retailers, vendors, and suppliers in various industries, including logistics and warehouse, retail, and e-commerce.
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Barcode Scanner Market Dynamics
The report also identifies major drivers and restraints of the global barcode scanner market. The primary driver is the increasing use of barcode scanners for capturing and storing product information such as cost price, selling price, date of expiry, and serial number. On the other hand, a major restraint is the threat of substitutes such as RFID tags, which are gaining momentum in the warehouse and logistics markets.
The report is based on a specialized and extensive examination of the barcode scanner market, with a particular emphasis on global market trends and analysis. It aims to provide an overview of the barcode scanner market, as well as significant market trends and opportunities.
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Barcode Scanner Market Regional Insights
Moreover, the report provides regional insights, with the Asia-Pacific region dominating the global barcode scanner market in 2021. China was the leading manufacturer and exporter of barcode scanners in this region. The region is projected to witness rapid growth in the forecast period due to the high population and growing retail industry.
Barcode Scanner Market Segmentation
By Product-Type:
• Handheld
• Fixed
By Technology:
• CCD Readers
• Omnidirectional barcode scanners
• Laser-based Scanners
• Pen-Type Reader
By End-Use:
• Retail & Commercial
• General Manufacturing
• Logistics & Warehouse
• Other
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Barcode Scanner Market Key Competitors include:
• Wasp Barcode Technologies
• Datalogic S.P.A
• Scandit AG
• Juniper Systems
• Bluebird
• DENSO
• NCR
• Newland
• Opticon
• SICK
• Zebra Technologies Corporation
• OCOM Technologies
• JC Square Inc.
• SATO Holdings Corporation
• Wasp Barcode Technologies
• CASIO COMPUTER CO., LTD.
• KEYENCE CORPORATION
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Table of Content for Barcode Scanner Market:
Global Barcode Scanner Market: Research Methodology
Global Barcode Scanner Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Barcode Scanner Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Barcode Scanner Market Segmentation
Global Market, by Product-Type (2021-2029)
Global Market, by Technology (2021-2029)
Global Market, by End-Use (2021-2029)
Regional Barcode Scanner Market (2021-2029)
Regional Market, by Product-Type (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by End-Use (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product-Type, Technology and End-Use
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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