The global barcode printers market is expected to reach USD 3.81 billion by 2020. Increased demand for mobile barcode printers is expected to drive market growth over the forecast period. Implementation of bar-coded wristbands for personal identification in hospitals and events has augmented the demand for mobile barcode printers.
Growth of organized retail stores
worldwide has significantly driven the barcode printers market, as products
equipped with barcode tags enable faster and more efficient check-outs. Growing
adoption of Radio Frequency Identification (RFID) may pose a challenge to
market growth over the next six years owing to the numerous advantages offered
by the technology, such as dynamic storage of information which can be updated
periodically.
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Further
key findings from the study suggest:
Industrial printers dominated the
barcode printers market in 2013, accounting for over 60% of the overall revenue
share. Mobile printers are expected to witness high growth over the forecast
period owing to their ease of use and utility in numerous field-based
applications; they have been increasingly used by organizations' salespeople in
order to conduct business and issue authentic invoices and receipts
irrespective of the time and place.
Thermal technology based printers
accounted for over 60% of the market share as compared to their non-thermal
counterparts, primarily because of their reliability, high speed, low noise and
provision for easy cleaning. Among thermal technology based printers, the
direct thermal technology is expected to witness significant growth over the
forecast period owing to enhanced durability, low operational costs and
elimination of the need for disposing used ink ribbons, making it more
eco-friendly.
Manufacturing applications led the
market in 2013, accounting for over 35% of the overall revenue. Retail and
healthcare are expected to be lucrative fields for the barcode printers market
over the forecast period, with both projected to witness high growth rates. In
healthcare, barcode printers have been extensively used for printing tags used
in patient ID systems in order to prevent medical errors by enabling access to
accurate patient information for surgical procedures and specimen collection.
North America dominated the market in 2013,
accounting for over 40% of the overall revenue. Asia Pacific is expected to
witness high growth rate over the forecast period.
The market has become increasingly
consolidated owing to significant mergers and acquisitions in order to achieve
growth across several product categories, verticals, and regions; for instance
Honeywell's acquisition of Intermec and SATO's acquisition of Argox. Vendors
have to deal with low profit margins owing to the highly commoditized nature of
the market.
Barcode
Printers Product Outlook (USD Million, 2012 - 2020)
·
Desktop
·
Mobile
·
Industrial
Barcode
Printers Technology Outlook (USD Million, 2012 - 2020)
·
Thermal Transfer
·
Direct Thermal
·
Laser
·
Impact
·
Ink-Jet
Barcode
Printers End-Use Outlook (USD Million, 2012 - 2020)
·
Healthcare
·
Manufacturing
·
Retail
·
Shipping
·
Government
Barcode
Printers Regional Outlook (USD Million, 2012 - 2020)
·
North America
·
EMEA
·
Asia Pacific
·
Latin America
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