According to a new report, published by KBV research, The Global Barcode Printer Market size is expected to reach $6.8 billion by 2029, rising at a market growth of 7.6% CAGR during the forecast period.
The Direct Transfer segment is showcasing a CAGR of 7.7% during (2023 - 2029). Printing barcodes onto labels as well as other surfaces speedily and accurately is possible owing to direct transfer technology. Barcodes are printed using direct transfer printers using the thermal transfer method. This printing technique is incredibly dependable and generates barcodes with excellent quality and a long lifespan. Because they can swiftly produce barcodes in huge quantities, direct transfer printers are perfect for enterprises that need quick, accurate barcode printing.
The Industrial Printers segment acquired maximum revenue share in the Global Barcode Printer Market by Product in 2022 thereby, achieving a market value of $4.3 billion by 2029. Industrial printers are dedicated computer devices that print high-quality, durable barcodes onto tags, packages, labels, and other products. Due to the challenging locations in which they are frequently used, including warehouses, factories, and retail outlets, they are tough and dependable. Additionally, they are simple to utilize due to the fact that printing is frequently automated to allow for quicker turnaround times.
The Retail & E-commerce segment is showcasing a CAGR of 7.8% during (2023 - 2029). The usage of barcodes enables merchants to keep track of their inventories, compare sales of comparable goods, maintain product qualities like size and color, automate product reordering, determine customer buying preferences, and create targeted promotions according to those preferences. The retail sector is primarily driving the market expansion for direct thermal technology, which uses heat to create barcodes on a heat-sensitive substrate.
The North America market dominated the Global Barcode Printer Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2.3 billion by 2029. The Europe market is exhibiting a CAGR of 7.4% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 8.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/barcode-printer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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