During the forecast period 2017-2025, the global barcode label printer market is foreseen to log a 3.46% value CAGR to touch a US$ 2,572.29 Mn by 2025. In 2017, the global barcode label printer market attained a valuation of US$ 1,959.39 Mn.
Global Barcode Label Printer Market: Drivers and Restraints
Until the end of the assessment year, i.e. 2025, the global barcode label printer market is prophesied to gain growth on the back of the rising application in organized retail. Barcode label printer is used for important applications such as point of sale (POS) and labeling. The global barcode label printer market could also benefit from the swelling demand for barcode wristbands.
However, the global barcode label printer market is expected to face certain challenges such as barcodes losing their demand to radio frequency identification (RFID), which is largely adopted in the present time. Nevertheless, product upgrade and innovation could create ample of opportunities in the global barcode label printer market.
Increasing penetration of the internet is predicted to bode well for the global barcode label printer market. The need to revolutionize the shopping experience of customers and extend customer reach could promise growth to the global barcode label printer market. Not to forget, the aggressive rate of industrialization is envisaged to open new avenues in the global barcode label printer market.
Global Barcode Label Printer Market: Forecast by Application
By application, the global barcode label printer market is classified into healthcare, retail, transportation and logistics, and manufacturing. The report offers detailed analysis of the global barcode label printer market, keeping in view the various applications studied therein.
Global Barcode Label Printer Market: Forecast by Product
By product, the global barcode label printer market sees a classification into mobile, desktop, and industrial printers. All the three segments are deeply evaluated in the report while providing their market shares and growth and demand projections.
Global Barcode Label Printer Market: Forecast by Region
Regionally, the global barcode label printer market is categorized into six regions and countries. Asia Pacific could be the region attracting largest demand for barcode label printer. This is expected to take shape because of the improving popularity of barcode label printer in emerging countries such as China. According to the analysts, Asia Pacific witnesses more popularity of barcode label printer than the U.S.
Europe treaded upon the heels of Asia Pacific in 2017 when the latter secured an approximately 25.47% share of the global barcode label printer market.
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Global Barcode Label Printer Market: Key Players
The global barcode label printer market marks the presence of prominent players such as PRINTRONIX, Postek Electronics, DASCOM, Zebra Technologies, and TOSHIBA TEC. The report profiles almost all key players operating in the global barcode label printer market on the basis of their production, market share, business strategies, and other factors.
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