Product Innovation to Boost the Global Barcode Label Printer Market | Technavio

Technavio has published a new market research report on the global barcode label printer market from 2017-2021. (Graphic: Business Wire)

LONDON--()--The latest market research report by Technavio on the global barcode label printer market predicts a CAGR of more than 8% during the period 2017-2021.

The report segments the global barcode label printer market by product (industrial printers, desktop printers, and mobile printers), by application (manufacturing, transportation and logistics, retail, and healthcare), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global barcode label printer market, according to Technavio healthcare and life sciences researchers:

  • Premiumization through product innovation: a major market driver
  • In 2016, the industrial printers segment dominated the market by occupying almost 60% share
  • The Americas dominated the global barcode label printer market with more than 39% share in 2016
  • Avery Dennison, Honeywell International, TOSHIBA TEC, and Zebra Technologies are the leading players in the market

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Premiumization through product innovation: a major market driver

Premiumization through product innovation is one of the major factors 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. For instance, Zebra Technologies offers ZT600 Series industrial printers that combine rugged durability and exceptional performance on a user-friendly and future-ready platform.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Americas: largest barcode label printer market

Technavio researchers anticipate high growth for the global barcode label printer market in the Americas due to the increasing mobile workforce and rising demand for on-the-go printing. The adoption of barcode label printers is growing in the retail, healthcare, transportation and logistics, and manufacturing industries. Zebra Technologies and Honeywell International are some of the leading vendors based in this region.

According to Shikha Kaushik, a lead analyst at Technavio for research on retail systems, "There has been an increase in the trend of direct store delivery in the US, where barcode printers such as mobile printers are most efficient for route accounting. Vendors are expecting significant sales from Brazil, Peru, and Colombia in the future."

Competitive vendor landscape

The global barcode label printer market is highly competitive with the presence of multinational and small companies. Intense competition among vendors and rapid technological changes characterize the market. The market has witnessed the acquisition of smaller entities by bigger entities. The competition in the industry is becoming intense and is characterized by the improving standards, significantly changing smart technologies, and evolving end-user requirements.

Get a sample copy of the global barcode label printer market report free of cost

Access Technavio's continuously growing retail systems research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The latest market research report by Technavio on the global barcode label printer market predicts a CAGR of more than 8% during 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com