Asia Pacific barcode printers market share to grow at the fastest rate from 2015 to 2022

The report “Barcode Printers Market Size By Technology (Laser, Ink-Jet, Impact, Direct Thermal, Thermal Transfer), By Product (Desktop, Mobile, Tabletop/Industrial), By Application (Retail, Manufacturing, Shipping, Government, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022”   by Global Market Insights, Inc. says that global barcode printers market share with 8.6% CAGR expectations over the forecast period to reach USD 4.51 billion by 2022. Industrial barcode printer market to have an upper hand over the coming years.

Barcode technology, one of the most prominent means of information storage, is being heavily deployed across varied sectors, barcode printer industry being one of the significant names. Heavy demand from the rapidly expanding manufacturing and retail sectors coupled with increasing requirement for portable printers and scanners, easy payment processing, and mobile checkouts will fuel barcode printer market expansion.

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Industrial barcode printer have a widespread application in warehouse labeling and order labeling. This segment is foreseen to dominate the product landscape and is expected to surpass a revenue of USD 2.8 billion by 2022.

Thermal mobile printer is a lucrative product type and finds remarkable usage in the portable printing of tickets, labels, receipts. This product is gaining popularity, particularly in organizations for workforce assistance, owing to its advantage of printing irrespective of the time and location.

In 2014, manufacturing application accounted for 35% of global barcode printer industry. Barcode printer are widely used in the manufacturing sector for tracking work in progress activities, inventory labeling, and establishing inventory control.

With an error rate of one per 3 million characters, barcode printer are paving their way in the healthcare sector, which is estimated to register a revenue of over USD 600 million by 2022. Extensive usage of these devices to eliminate medical errors and efficiently track the patients ID systems, specimen collection, point-of-care medication, and surgical procedures is likely to boost barcode printer industry share. Retail, government, and shipping are other prominent application segments witnessing lucrative growth prospects over the coming five years.

The retail sector is anticipated to register a CAGR of 10.2% over the period of 2015-2022. Barcode printer and portable printers have a firm grasp in retail sector, where these devices contribute to conduct efficient business. The growth in POS terminals market and retail POS terminals market is set to bring a noticeable surge in barcode printer industry trends.

Direct thermal printing is found suitable for short-shelf applications such as shipping receipts and labels.  Its enhanced image durability and ability to perform in mission critical applications is likely to propel the direct thermal barcode printer market. Laser, inkjet, thermal transfer, and impact are other technologies which are predicted to grow at an average rate in the coming years.

Browse key industry insights spread across 119 pages with 44 market data tables & 37 figures & charts from the report, “Barcode Printers Market” in detail along with the table of contents:

North America barcode printer market is foreseen to continue its rule over the coming seven years, having had 30% of global market share in 2014. Rising demand of barcode printer, particularly from the United States is mainly influencing the region’s growth prospects.

Growing base for MNCs and retail infrastructure in Asia Pacific is likely to contribute toward the barcode printer industry share. Increasing demand across the end use industries and establishment of production facilities in emerging economies is also propelling the regional growth.

Major barcode printer industry participants include Honeywell, Zebra Corporation, Canon Inc., and HP. Mergers & acquisitions are the key strategies adopted by market players in order to expand the business and continue their prominence across the globe.

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Table Content of Barcode Printers Market:

Chapter 1    Methodology and Scope

1.1    Research Methodology

1.1.1    Initial data exploration

1.1.2    Statistical modeling and forecast

1.1.3    Industry insights and validation

1.2    Data Sources

Chapter 2    Executive Summary

2.1    Barcode printers industry 360° synopsis, 2012 – 2022

Chapter 3    Barcode Printers Industry Insights

3.1    Industry Segmentation

3.2    Industry Size and forecast

3.3    Industry ecosystem analysis

3.4    Industry Impact forces

3.4.1      Growth drivers

3.4.2    Industry pitfalls & challenges

3.5    Growth potential analysis

3.6    Porter’s analysis

3.7    Key competitor analysis, 2014

3.8    PESTEL analysis 


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