Europe 2D Barcode Reader Market By Product Type (Handheld and Fixed), By Application (Warehousing, Logistics, E-commerce, Factory Automation and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe 2D Barcode Reader Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027). Wireless connectivity and improved mobility of a 2D barcode reader are likely to create new opportunities for the market players of 2D barcode readers. Nowadays, many 2D barcode readers can be connected to cell phones, mobile devices, and computers that have Bluetooth technology and can transmit data wirelessly.
This decreases the need for wired devices as it is cumbersome to carry out the billing process. This also saves a significant amount of time. Moreover, 2D barcode readers are able to read barcodes even from the screens of smartphones and thus proved to be useful for ticked events and couponing.
Manufacturing companies in Germany is a very important sector. It has a significant contribution to the GDP of the country and thus, plays an important role in the economic growth of the country. Various businesses are focused to adopt new and advanced technology in order to see positive growth and make a grip in the very competitive regional market. The adoption of 2D barcode scanners is increasing in various business process optimization and gathering business intelligence. Therefore, barcode readers are adopted in various industries due to their advantages like prevention of incorrect deliveries, and reduced downtime. All these factors are expected to drive the growth of the 2D barcode scanner market in Europe.
Governments of many European counties like Germany are focused to improve the health care system. For example, Germany’s healthcare spending exceeds €400 Billion in 2019. The healthcare system in Europe is very advanced, especially with respect to hospital beds, infrastructure, devices, advanced equipment, and trained staff. It also uses healthcare scanners such as wireless 1D and 2D barcode scanning. Therefore, 2D barcode readers are rapidly optimized and increasingly adopted across the healthcare sector in European countries.
The Germany market dominated the Europe Factory Automation 2D Barcode Reader Market by Country 2020, thereby, achieving a market value of $41.1 million by 2027. The UK market is exhibiting a CAGR of 7.4% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 9% during (2021 - 2027).
Based on Product Type, the market is segmented into Handheld and Fixed. Based on Application, the market is segmented into Warehousing, Logistics, E-commerce, Factory Automation and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global 2D Barcode Reader Market Size will Hit $10.7 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Omron Corporation, Sick AG, Zebra Technologies Corporation, Datalogic S.p.A. (Hydra S.p.A.), Cognex Corporation, Casio Computer Co., Ltd., Denso Corporation, Juniper Networks, Inc., and General Data Company, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Factory Automation
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Omron Corporation
- Sick AG
- Zebra Technologies Corporation
- Datalogic S.p.A. (Hydra S.p.A.)
- Cognex Corporation
- Casio Computer Co., Ltd.
- Denso Corporation
- Juniper Networks, Inc.
- General Data Company, Inc.
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