openPR Logo
Press release

Barcode Printers Market to Register a CAGR of 7.4% by 2026

11-25-2016 08:50 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Barcode Printers Market to Register a CAGR of 7.4% by 2026

According to a recent market report published by Future Market Insights titled, “Barcode Printers Market - Global Industry Analysis & Opportunity Assessment, 2016-2026,” revenue generated from sales of barcode printers globally is estimated to be valued at US$ 2,758.0 Mn and pegged at 3,086.8 ‘000 units by 2016 end. It is expected to increase at a CAGR of 7.4% over the forecast period (2016–2026), to be valued at US$ 5,656.1 Mn by 2026 end. In terms of volume, the global barcode printers market is projected to be pegged at 5,384.3 ‘000 units by 2026 end, expanding at a CAGR of 5.7% over the forecast period.

Barcode printer is defined as an electronic device designed specifically for printing of barcodes. The working principle and built of a barcode printer is slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers on their own, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1625

Barcodes have become the de facto standard for product information storing and labelling. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities and their sale to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc. When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, threat of RFID tags as substitutes to barcode labels and low compatibility of barcode printers with different operating systems act as restraints in the global barcode printers market.

Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer and Others. On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of Distribution Channel, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government and commercial services.

The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.

Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.

Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1625

Regional projections

North America and Western Europe are the most promising regions for the growth of the market owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of manufacturing sector in China.

Vendor insights

Major players identified in the Barcode Printers market are Zebra Technologies Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., Toshiba TEC Corporation, and Honeywell International, Inc. committing a combined market share of over 50%. Other major players are SATO Holdings Corporation, Printronix, Inc. and TSC Auto Id Technology Co., Ltd. supplying to various end use industries and sectors.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Barcode Printers Market to Register a CAGR of 7.4% by 2026 here

News-ID: 387105 • Views: 322

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Barcode

Barcode Label Market (2019-2029) | Aditya Barcode Technologies, TSI America, Ino …
Barcode Label market: Overview Barcode labels are used for quick data storing and retrieving. Barcode labels include a representation of the company and product-related information in line and number format. They consist of small black parallel lines of varying widths and gaps which allow companies to obtain real-time data. Some barcode labels are comprised of numbers and pictures which increases their efficiency. Information regarding manufactures name, type of product, product
Generate Barcode with Desired Barcode Size using New Enhanced Barcode Generation …
What's New in this Release? Aspose team is pleased to announce the new release of Aspose.BarCode for Java 18.7. This new version of the API introduces a more powerful API for BarCode generation. It gives users more power for generating BarCodes with desired information. Starting from Aspose.Barcode for Java 18.7, this release introduces a new BarCode generation API. The new API, represented by BarcodeGenerator class, is simple but powerful enough to
GS1 Barcode Processing & Improved QR Coded Barcode Recognition using Java
What's New in this Release? Aspose team is pleased to announce the new version of Aspose.BarCode for Java 17.04.0. The major development in this release is the enhanced functionality of GS1 coded barcode. GS1 code format can contain complex elements with digits and letters. Enhanced GS1 barcode functionality now can parse and validate these complex combinations. Improved QR coded barcode recognition functionality has also been incorporated in this release. Aspose.BarCode for
VintaSoft Barcode .NET SDK 9.2 Released!
Version 9.2 of VintaSoft Barcode .NET SDK has been released! April 13, 2017 VintaSoft releases the newest major version 9.2 of the Barcode SDK for .NET, WPF, ASP.NET WebForms and MVC, which includes improvements mostly related to the web part. The platform-independent web service for reading and writing barcodes has been created. That web service allows quickly create other web services for any .NET compatible web platform, including ASP.NET WebForms, ASP.NET MVC and
Barcode Integration with SSRS 2014 & Barcode Text Generation Process for PDF417 …
What's New in this Release? Aspose team is happy to announce the new release of Aspose.BarCode for Reporting Services 17.2.0. The major development in this release is addition of more barcode properties in the properties window of SSRS designer e.g. EncodeType. All properties in the properties window of designer have been reorganized. Improved ConfigLicense tool has also been incorporated in this release. There are some important enhancement part of this release,
Automatic barcode reading with SAP connection
Automatic barcode reading with SAP connection Seamless logistics processes – VITRONIC and SMILOG offer a complete system for barcode reading and data integration in SAP applications. VICAMsnap! camera systems from VITRONIC are used for automatic data capture, for example, in material flow management and warehousing, in goods receipt processes, by post and parcel services and in the retail trade. Together with logistics expert SMILOG, VITRONIC now offers a complete solution for automatic