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Barcode Label Printer Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 134
  • SKU: IRTNTR44124
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The barcode label printer market share is expected to increase by USD 1.01 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.8%.

This barcode label printer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers barcode label printer market segmentations by product (industrial printers, desktop printers, and mobile printers) and geography (APAC, North America, Europe, MEA, and South America). The barcode label printer market report also offers information on several market vendors, including Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother International Corp., cab Produkttechnik GmbH & Co. KG, Citizen Systems Japan Co. Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Postek Electronics Co. Ltd., and Printronix among others.

What will the Barcode Label Printer Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Barcode Label Printer Market Size for the Forecast Period and Other Important Statistics

 

Barcode Label Printer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The premiumization through product innovation is notably driving the barcode label printer market growth, although factors such as increase in adoption of RFID printers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the barcode label printer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Barcode Label Printer Market Driver

The premiumization through product innovation is notably driving the barcode label printer market growth. Premiumization of products through innovation is driving the global barcode label printer market. The need for automatic item identification is predominant across all sectors, making barcodes a timeless labeling necessity. 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. Thus, the growing demand for premiumization is expected to drive the market for barcode label printer market during the forecast period.

Key Barcode Label Printer Market Trend

The rising omnichannel retailing is the key market trend driving the barcode label printer market growth. Retailers sell their products and goods through multiple mediums such as brick-and-mortar stores, m-commerce, and e-commerce, which is called omnichannel retailing. With the growing penetration of the Internet and the improving network infrastructures, retailers have started increasing their reach and have revolutionized the shopping experience for customers with the help of e-commerce and m-commerce. Inventory visibility is the key to the success of online retailing and is important for the vendors to create middleware solutions for specific end-user segments. Barcode labels help retailers to get information about the movement of goods through the supply chain with increased visibility. Further, omnichannel vendors are launching platforms more suitable for retail. Thus, omnichannel retailing in the market is trending.

Key Barcode Label Printer Market Challenge

The major challenge impeding the barcode label printer market growth is the increase in the adoption of RFID printers. The RFID label printer is used to print labels that have information such as a unique ID or an electronic product code, and labels are marked with a barcode and human-readable text by the printers. Barcodes can store a limited amount of data compared with RFID tags, which have non-volatile memory and can store up to 8 kb of information in some cases (the lowest being the reserved memory of 32 bits). RFID smart printers can handle common RFID inlays and have large data storage capabilities, which is also driving their adoption among consumers. In addition, they are easy to service and integrate with the existing network technology. All these factors are driving the adoption of RFID printers, hindering the market growth for barcode label printers.

This barcode label printer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global barcode label printer market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the barcode label printer market during the forecast period.

Who are the Major Barcode Label Printer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Avery Dennison Corp.
  • Barcodes Inc.
  • Brady Corp.
  • Brother International Corp.
  • cab Produkttechnik GmbH & Co. KG
  • Citizen Systems Japan Co. Ltd.
  • GAINSCHA TECHNOLOGY GROUP Co.
  • Honeywell International Inc.
  • Postek Electronics Co. Ltd.
  • Printronix

 

This statistical study of the barcode label printer market encompasses successful business strategies deployed by the key vendors. The barcode label printer market is fragmented and the vendors are deploying growth strategies such as quality, brand, and variety to compete in the market.

Product Insights and News

  • Brady Corp. - The company offers barcode label printers such as BMP41 printers, BMP21-PLUS printers, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The barcode label printer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Barcode Label Printer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the barcode label printer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Barcode Label Printer Market?

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34% of the market’s growth will originate from APAC during the forecast period. US, China, and Japan are the key markets for the barcode label printer market in APAC. 

The revival of the economy in Japan will encourage the transportation and logistics firms to invest more in upgrading their business requirements by adopting barcode label printers, which will facilitate the barcode label printer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hampered the market's growth in 2020. The supply chain of barcode label printers was disrupted in 2020 due to the imposition of lockdowns by various governments in APAC. This is expected to slow down the market growth in APAC during the forecast period.

What are the Revenue-generating Product Segments in the Barcode Label Printer Market?

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The barcode label printer market share growth by the industrial printers segment will be significant during the forecast period. Industrial printers offered by various vendors are used for asset management, compliance labeling, cross-docking, and receiving and shipping. Due to these advantages, the demand for industrial printers is expected to increase during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the barcode label printer market size and actionable market insights on post COVID-19 impact on each segment.

 

Barcode Label Printer Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.8%

Market growth 2021-2025

$ 1.01 billion

Market structure

Fragmented

YoY growth (%)

5.35

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother International Corp., cab Produkttechnik GmbH & Co. KG, Citizen Systems Japan Co. Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Postek Electronics Co. Ltd., and Printronix

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Barcode Label Printer Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive barcode label printer market growth during the next five years
  • Precise estimation of the barcode label printer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the barcode label printer industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of barcode label printer market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: electronic equipment and instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Industrial printers - Market size and forecast 2020-2025
      • Exhibit 17: Industrial printers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Industrial printers - Year-over-year growth 2020-2025 (%)
    • 5.4 Desktop printers - Market size and forecast 2020-2025
      • Exhibit 19: Desktop printers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Desktop printers - Year-over-year growth 2020-2025 (%)
    • 5.5 Mobile printers - Market size and forecast 2020-2025
      • Exhibit 21: Mobile printers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Mobile printers - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 23: Market opportunity by Product

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 24: Application - Market share 2020-2025 (%)
    • 6.2 Comparison by Application
      • Exhibit 25: Comparison by Application
    • 6.3 Manufacturing - Market size and forecast 2020-2025
      • Exhibit 26: Manufacturing - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Manufacturing - Year-over-year growth 2020-2025 (%)
    • 6.4 Transportation and logistics - Market size and forecast 2020-2025
      • Exhibit 28: Transportation and logistics - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Transportation and logistics - Year-over-year growth 2020-2025 (%)
    • 6.5 Retail - Market size and forecast 2020-2025
      • Exhibit 30: Retail - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Retail - Year-over-year growth 2020-2025 (%)
    • 6.6 Healthcare - Market size and forecast 2020-2025
      • Exhibit 32: Healthcare - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Healthcare - Year-over-year growth 2020-2025 (%)
    • 6.7 Others - Market size and forecast 2020-2025
      • Exhibit 34: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: Others - Year-over-year growth 2020-2025 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 38: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 39: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 42: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 44: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.7 South America - Market size and forecast 2020-2025
      • Exhibit 48: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 49: South America - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 50: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 51: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • Exhibit 53: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 54: Landscape disruption
            • Exhibit 55: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 56: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 57: Market positioning of vendors
          • 11.3 Avery Dennison Corp.
            • Exhibit 58: Avery Dennison Corp. - Overview
            • Exhibit 59: Avery Dennison Corp. - Business segments
            • Exhibit 60: Avery Dennison Corp. - Key news
            • Exhibit 61: Avery Dennison Corp. - Key offerings
            • Exhibit 62: Avery Dennison Corp. - Segment focus
          • 11.4 Barcodes Inc.
            • Exhibit 63: Barcodes Inc. - Overview
            • Exhibit 64: Barcodes Inc. - Product and service
            • Exhibit 65: Barcodes Inc. - Key offerings
          • 11.5 Brady Corp.
            • Exhibit 66: Brady Corp. - Overview
            • Exhibit 67: Brady Corp. - Business segments
            • Exhibit 68: Brady Corp. - Key offerings
            • Exhibit 69: Brady Corp. - Segment focus
          • 11.6 Brother International Corp.
            • Exhibit 70: Brother International Corp. - Overview
            • Exhibit 71: Brother International Corp. - Product and service
            • Exhibit 72: Brother International Corp. - Key news
            • Exhibit 73: Brother International Corp. - Key offerings
          • 11.7 cab Produkttechnik GmbH & Co. KG
            • Exhibit 74: cab Produkttechnik GmbH & Co. KG - Overview
            • Exhibit 75: cab Produkttechnik GmbH & Co. KG - Product and service
            • Exhibit 76: cab Produkttechnik GmbH & Co. KG - Key offerings
          • 11.8 Citizen Systems Japan Co. Ltd.
            • Exhibit 77: Citizen Systems Japan Co. Ltd. - Overview
            • Exhibit 78: Citizen Systems Japan Co. Ltd. - Product and service
            • Exhibit 79: Citizen Systems Japan Co. Ltd. - Key offerings
          • 11.9 GAINSCHA TECHNOLOGY GROUP Co.
            • Exhibit 80: GAINSCHA TECHNOLOGY GROUP Co. - Overview
            • Exhibit 81: GAINSCHA TECHNOLOGY GROUP Co. - Product and service
            • Exhibit 82: GAINSCHA TECHNOLOGY GROUP Co. - Key offerings
          • 11.10 Honeywell International Inc.
            • Exhibit 83: Honeywell International Inc. - Overview
            • Exhibit 84: Honeywell International Inc. - Business segments
            • Exhibit 85: Honeywell International Inc. - Key news
            • Exhibit 86: Honeywell International Inc. - Key offerings
            • Exhibit 87: Honeywell International Inc. - Segment focus
          • 11.11 Postek Electronics Co. Ltd.
            • Exhibit 88: Postek Electronics Co. Ltd. - Overview
            • Exhibit 89: Postek Electronics Co. Ltd. - Product and service
            • Exhibit 90: Postek Electronics Co. Ltd. - Key offerings
          • 11.12 Printronix
            • Exhibit 91: Printronix - Overview
            • Exhibit 92: Printronix - Product and service
            • Exhibit 93: Printronix - Key news
            • Exhibit 94: Printronix - Key offerings

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 95: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 96: Research Methodology
              • Exhibit 97: Validation techniques employed for market sizing
              • Exhibit 98: Information sources
            • 12.4 List of abbreviations
              • Exhibit 99: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            The barcode label printer market growth will increase by $1013.11 million during 2021-2025.
            The barcode label printer market is expected to grow at a CAGR of 5.8% during 2021-2025.
            Technavio has segmented the barcode label printer market by product (Industrial printers, Desktop printers, and Mobile printers) ,application (Manufacturing, Transportation and logistics, Retail, Healthcare, and Others) , and geographic (APAC, North America, Europe, MEA, and South America).
            Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother International Corp., cab Produkttechnik GmbH & Co. KG, Citizen Systems Japan Co. Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Postek Electronics Co. Ltd., Printronix are a few of the key vendors in the barcode label printer market.
            APAC will register the highest growth rate of 33.66% among the other regions. Therefore, the barcode label printer market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the barcode label printer market growth are:
            • Premiumization through product innovation
            • Rising omnichannel retailing
            The barcode label printer market vendors should focus on grabbing business opportunities from the industrial printers segment as it accounted for the largest market share in the base year.
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