Barcode Printers Market size with 8.6% CAGR expectations over the forecast period to reach USD 4.5 billion by 2022

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Barcode Printers Market size with 8.6 CAGR
expectations over the forecast period to reach
USD 4.5 billion by 2022 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Barcode Printers Market

• Industrial barcode printers market size will
  continue leading revenue, with revenue expected
  to exceed USD 2.8 billion by 2022.
• Laser, impact, and inkjet technologies are
  forecast to grow slower than the global average
  in the coming years. This can mainly be
  attributed to considerable growth prospects
  across thermal products, which are characterized
  by the capability to perform in mission critical
  applications, accompanied by superior image
  durability.
• Increasing demand from short-shelf life
  applications such as receipts as well as shipping
  labels will also spur growth.
• Manufacturing applications represent a sizable
  application area, and accounted for more than 35
  of the barcode printers market share in 2014.
  These products are widely used to label cartons
  or retail items with European Article Numbers
  (EANs) or Universal Product Codes (UPCs) before
  shipment.

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Continued...

• Asia Pacific barcode printers market size will
  grow at the fastest rate from 2015 to 2022,
  mainly on account of growing demand across
  end-use areas.
• Major players are Zebra Corporation, Canon Inc.,
  HP, and Honeywell. Growing number of mergers and
  acquisitions will lead to consolidation over the
  long term.

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EMEA barcode printers market size by application,
2012 - 2022 (USD Million)

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360 Analysis

• Application Analysis
• Manufacturing was the leading application sector
  and accounted for over 35 of the overall barcode
  printers market share in 2014. It has high usage
  for inventory labeling, and helps in tracking
  work in progress (WIP) activities and
  establishing inventory control.
• Healthcare sector is estimated to exceed USD 600
  million by 2022. This can be primarily attributed
  to its extensive utilization in patient tracking
  and patient ID systems.
• Regional Analysis
• North America, led by U.S. barcode printers
  market share accounted for over 30 of the global
  revenue in 2014 and is expected to continue its
  dominance over the next seven years. This can be
  attributed to rising demand mainly from the U.S.
• Competitive Market Share
• Key barcode printers market share participants
  include Toshiba Tec, Avery Dennison, SATO
  Holdings Corporation, Honeywell Scanning
  Mobility, Zebra Technologies, Printek,
  Printronix, and Dascom. Zebra Technologies
  manufactures, and sells specialty printing
  devices, which are used for personal
  identification, data collection, and automatic
  identification in applications that enhance
  customer service, improve productivity, and
  provide security.

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