The Asia Pacific Barcode Printer Market would witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Barcode technology adoption by industry incumbents will likely increase due to the government's aggressive expenditures in the sector. In addition, the ongoing use of robots across various businesses and industry verticals is being facilitated by barcode technology, which translates into an increase in the need for barcode printers. In order to reap benefits like streamlined workflows, lower costs, and improved quality assurance, a number of industrial organizations are implementing current technology, which is causing the widespread use of barcode printers.
The scenario is being addressed by market participants, who are launching novel solutions in response to the changing demands from the leaders of various end-use sectors and industrial verticals. Additionally, it is anticipated that the need for barcode printers will increase throughout the projected period as a result of the rising demand for packaged foods in nations like China and India.
One of the industries expected to develop the fastest is Indian manufacturing, which contributed 16–17 percent of India's GDP before the pandemic. Technology today has sparked innovation, with digital transformation a crucial component in establishing a competitive edge in this fiercely competitive industry. Additionally, the PRC is the second-largest healthcare market in the world. For international enterprises, the selling of medical devices—particularly expensive, technologically advanced medical devices—remains a significant component of their healthcare sales. Furthermore, the pharmaceutical industry in China has been expanding steadily, and by 2023 it is predicted to be worth $161.8 billion, accounting for nearly 30% of the market worldwide. These expanding sectors in the region are the primary factors propelling the advancement of the regional market throughout the forecast period.
The China market dominated the Asia Pacific Barcode Printer Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $604.6 million by 2029. The Japan market is exhibiting a CAGR of 7.6% during (2023 - 2029). Additionally, The India market would showcase a CAGR of 9% during (2023 - 2029).
Based on Technology, the market is segmented into Thermal Transfer, Direct Transfer, Inkjet, Laser, and Others. Based on Product, the market is segmented into Industrial Printers, Desktop Printers, and Mobile Printers. Based on End User, the market is segmented into Manufacturing, Retail & E-commerce, Transportation & Logistics, Healthcare, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Barcode Printer Market is Projected to reach USD 6.8 Billion by 2029, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avery Dennison Corporation, Canon, Inc., Honeywell International, Inc., Sato Holdings Corporation, Zebra Technologies Corporation, Dascom, Printronix, LLC, Seiko Epson Corporation, Toshiba TEC Corporation (Toshiba Corporation) and Oki Electric Industry Co., Ltd.
By Technology
By Product
By End User
By Country
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