Barcode printers market outlook will remain robust, thanks to the growing footfall of mobile printers. These advanced printers have been able to reduce overheads and bolster productivity & accuracy.
In a layman’s term, mobile printers render convenience and quality services to provide documentation for both customer-facing and internal operations. Manufacturing of advanced mobile printers to deliver top-quality barcode and RFID labels, invoices, receipts has gained an uptick in the past years.
Demand for mobile printers for mobile point of sale, pick and pack labels, mark down labels, raw materials, finished goods and shipping will witness a notable. Moreover, leading companies will reap rewards from mobile printers for cross-docking, picking and sorting and work-in-progress (WIP) tracking.
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Barcode technology, one of the most prominent means of information storage, is being heavily deployed across varied sectors, barcode printers market being one of the significant names. For the record, barcode printers are generally used to label packaged items, retail cartons, goods, etc. with the Universal Product Codes (UPCS) and European article Numbers (EANs) before shipment. High demand for barcode printers from the rapidly expanding manufacturing, pharmaceutical, and retail sectors coupled with growing usage of barcodes in point of sale(POS) terminals, portable printers and scanners, easy payment processing, and mobile checkouts have been rightly touted as the principal drivers of global market growth. As per the estimates, the overall market attained a valuation of USD 2.4 billion in 2017.
In terms of applications, healthcare sector has emerged as one of the most lucrative avenues for the barcode printers market growth, owing to extensive deployment of these devices for tracking patient ID systems, specimen collection, and point-of-care medication with least medical errors. As per reliable reports from Institute of Medicine, medical errors claim as many as 98,000 American lives per year. Addressing the need to reduce medical errors, barcode printers, with an error rate of one in 36 trillion characters are penetrating deeper in the healthcare sector. One of the major contributions in this regard has been the launch of Zebra® QLn220™ mobile printers by Zebra Technologies, a renowned market player. Reportedly, by simply scanning the printed barcodes through these mobile printers on ID badges, medications, patient’s wristbands, blood bags, and food trays, the caregivers can ensure whether the specimens are associated with the right patients. It is prudent to mention that the use of barcodes for identification and verification in hospitals and other medical fraternities has not only reduced errors, but has also improved the overall process efficiency and cost effectiveness.
Barcode printers market is also accumulating a significant chunk from sectors including retail, government, manufacturing, hospitality, and logistics. Speaking of the business penetration in the retail space, the growth of e-commerce sector has significantly favored the application trends. Reportedly, the retail entities are contributing to a huge demand for barcode printers to improve and optimize their logistics services. Moreover, the expanding retail POS terminals market is further expected to bring a dynamic shift in the industry trends.
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Asia Pacific is expected to emerge as one of the most lucrative grounds for barcode printers market growth, with India and China as prominent revenue pockets. The governmental mandates with regard to registration and license cards for unique identification is further expected to contribute significantly in the regional expansion of industry.
Speaking of the competitive landscape, over the recent years, barcode printers market has witnessed a plethora of new product launches incorporated with advanced printing technology coupled with conventional growth strategies such as M&As, joint ventures, and production capacity expansion. The recent partnership between renowned market giant Wasp Barcode Technologies UK and BlueStar, a leading global distributor of RFID, digital signage, POS, and ID security technology, stands as a testament to the aforementioned fact. Reportedly, the collaboration is likely to strengthen and expand Wasp’s product reach in the United Kingdom.
Major Key Points from Table of Content:
Chapter 4 Barcode Printers Market, By Product
4.1 Market share by product, 2016 & 2024
4.2.1 Market estimates and forecast, by region, 2013 – 2024
4.3.1 Market estimates and forecast, by region, 2013 – 2024
4.4.1 Market estimates and forecast, by region, 2013 – 2024
Chapter 5 Barcode Printers Market, By Technology
5.1 Market share by technology, 2016 & 2024
5.2 Thermal Transfer
5.2.1 Market estimates and forecast, by region, 2013 – 2024
5.3 Direct Thermal
5.3.1 Market estimates and forecast, by region, 2013 – 2024
5.4.1 Market estimates and forecast, by region, 2013 – 2024
5.5.1 Market estimates and forecast, by region, 2013 – 2024
5.6.1 Market estimates and forecast, by region, 2013 – 2024
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