Market Research Future published a research report on “Barcode Label Printer Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Global Barcode Label Printer Market is expected to witness significant growth at CAGR of 5.31%. The noteworthy growth is expected to occur during the forecast period of 2025. It is here to note that the market was of worth USD 2,482.6 Million in 2018, which is expected to reach USD 3,517.8 Million by 2025. Massive demand from all segments of the enterprises is touted to be the prime reason behind the significant growth rate predicted for an international barcode label printer.
A barcode label printer is useful from many aspects meant for the printing of labels having barcodes those are established over the external covering of any product. It is so much value as it keeps the international article number of EAN. At the same time, it also stores a uniform product code (UPC), and codes that are made use of in mailing, accounting, and other aspects upon being scanned by a barcode scanner. The market is obvious to grow with such a huge range of application and usage.
The international market for barcode label printer is equally established irrespective of the way it is classified. For example, upon dividing on the basis of product type, be it about the commercial printers, desktops, traditional printers those are portable, or anything else, each one is equally crucial and inevitable for the functionality of modern-day industries. To be specific, the industrial printer segment is expected to maintain its noteworthy growth rate between the forecasted periods enjoying the highest share around the globe.
The international Barcode Label Printer Market can be segmented on the basis of product type, on the basis of technology, in terms of resolution, and in terms of region.
On the basis of Product Type, the market can be further divided into Industrial printer, desktop printer, and portable printer.
On the basis of technology, the market can be further divided in to direct Thermal, thermal transfer, inkjet, laser printing, and Dot Matrix.
In terms of Resolution, the market can be further divided into 300dpi, Between 301 to 600 dpi, and above 600 dpi.
On the basis of region, the market is divided into Europe, Asia-Pacific, North America, Middle East & Africa, and South America.
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Key contenders profiled in the global barcode label printer market report include Fujitsu Ltd (Japan), Canon Inc. (Japan), Toshiba Tec Corporation (Japan), Zebra Technologies Corporation (US), Honeywell International Inc. (US), Sato Holdings Corporation (Japan), Apogee Industries Inc. (US), TSC Auto Id Technology Co., Ltd (Taiwan), Printronix Auto Id Inc. (US), OKI Electric Industry Co., Ltd (Japan), Dascom Holdings Ltd (China), and Avery Dennison Corporation (US).
On the basis of region, the international Barcode Label Printer Market can be segmented into Europe, Asia-Pacific, North America, Middle East & Africa, and South America. Europe is indeed the foremost market in this segment witnessing a remarkable market share of 32.21% in 2018, which accounts for a noteworthy market value of around 800 million USD. Moreover, it is speculated to witness to grow at a significant CAGR of 5.35% during the forecast period by 2025. Asia-Pacific comes next to Europe that was worth USD 727.2 million in the year 2018. Moreover, it is expected to grow at a whopping CAGR of 6.90, during the forecasted period up to 2025.
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