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Global Inventory Tags Market 2017-2021

  • Published: Oct 2017
  • Pages: 85
  • SKU: IRTNTR15132
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This industry research report identifies 3M, AVERY DENNISON, Alien Technology, Brady, and Tyco Sensormatic as the key vendors in the global inventory tags market. This industry research report also presents a detailed analysis of the market by product (Barcode, RFID, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global inventory tags market

Supply chain and warehouse operations demand for efficient and continuous tracking of several materials and assets being transported. Inventory tags attached to the products enable easy identification of product and inventory using automatic data collection systems that utilizes bar codes.  Technavio's market study identifies the demand for improving supply chain security and efficiency to be one of the primary growth factors for the inventory tags market. Using inventory tags reduces the chances of human error while simplifying and quickening the data collection and analysis process. Our market analysts estimate that the market will grow steadily at a CAGR of more than 5% by 2021.

Inventory management solutions are steadily innovating to ease the management and improve the inventory handling, contributing steadily to the growth of the inventory tags market. Warehouses are adopting innovative solutions such as warehouse management systems (WMS) and mobile devices for remote inventory management and tag scanning. Inventories stored in advanced warehouses are tagged with RFID tags and scanners at several locations to monitor the movement of the inventory. Innovative software systems significantly reduce operational costs and time in large warehouses.

Competitive landscape and key vendors

The inventory tags market is highly fragmented owing to the presence of several international, regional, and local players. Key players have well-diversified geographical presence and resources. Barcode and QR-code based inventory tag vendors compete intensely, by providing software and accessories to customers that complement the inventory tags in managing the assets. However, the RFID and NFC-based inventory tags vendors are limited in the inventory control tags market due to little technical knowledge.

The leading vendors in the market are

  • 3M
  • AVERY DENNISON
  • Alien Technology
  • Brady
  • Tyco Sensormatic

The other prominent vendors in the market are Checkpoint Systems, Confidex, General Data, Honeywell International, Impinj, Invengo Technology, Metalcraft, Motorola Solutions, NXP Semiconductors, Omni-ID, SATO, SMARTRAC, Wavetrend, and ZIH.

Segmentation by product and analysis of the inventory tags market

Barcode-based inventory tags are preferred by the end-users, influenced by the growing demand for secure inventory management and control systems, especially from high-end and luxury product segments. The low-cost of production and ease offered by these barcode-based tags is contributing towards their popularity in the various end-user industries in the market. Supermarket point of sales (PoS), libraries, and consumer retail sectors essentially deploy barcodes, contributing to the growth of the inventory control tags market.

Geographical segmentation and analysis of the inventory tags market

  • Americas
  • APAC
  • EMEA

The Americas contains several highly organized industries and retail sectors that maintain large inventories and use inventory tags for asset and product management across the wide supply chain. In the Americas, the US and Canada are the major retail chain centers that will enhance the economic condition and improve the trade growth for the inventory control tags market in these regions.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global inventory tags market?
  • What are the key market trends impacting the growth of the global inventory tags market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global inventory tags market?
  • What are the market opportunities and threats faced by the vendors in the global inventory tags market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global inventory tags market?

Technavio also offers customization on reports based on specific client requirement.

According to this forthcoming market research report on the global inventory tags market, the rising adoption of RFIGlobal Inventory Tags Market SizeD technology for inventory management in developing countries is expected to contribute to this market's growth in the coming years. To help the clients dominate niche market segments, this report on the inventory tags market covers geographies like the Americas, APAC, and EMEA.

This market research report on the global inventory tags market provides a detailed insight into the drivers stimulating the growth of the heavy industry. Our research analysts follow a scrupulous data collection methodology and present a detailed insight into the rapidly changing market segments like tools and components. Furthermore, to help clients gain competitive advantage, this market research report covers vendors like 3M, Avery Products, and Alien Technology.  

The upcoming industry research report for inventory tags market also categorizes the major drivers, key trends, along with the restraints that the tools and components sector currently experiences. This report on the inventory tags market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the heavy industry. Technavio also offers in-depth market assessments into the sectors such as construction and unit operations

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market overview
  • Global inventory tags market by barcode
  • Global inventory tags market by RFID

PART 07: MARKET SEGMENTATION BY GEOGRAPHY

  • Market overview
  • Regional comparison
  • Americas – market size & forecast
  • APAC – market size & forecast
  • EMEA – market size & forecast
  • Key leading countries
  • Market opportunity

PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Innovations in inventory management solutions
  • Growth in online retail stores/e-retailing

PART 11: VENDOR LANDSCAPE

  • Competitive scenario
  • Other prominent vendors

PART 12: KEY VENDOR ANALYSIS

  • 3M
  • AVERY DENNISON
  • Alien Technology
  • Brady
  • Tyco Sensormatic

PART 13: APPENDIX

  • 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
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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
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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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