Barcode Printer Market Synopsis

Barcode Printer Market Size Was Valued at USD 4.41 Billion in 2023 and is Projected to Reach USD 13.03 Billion by 2032, Growing at a CAGR of 12.80% From 2024-2032.

A barcode printer is one of the devices designed to create and print barcodes, which are machine-readable codes consisting of parallel lines or a matrix of squares. Barcode printers are designed for various markets such as Industrial barcode printers are used in large warehouses and manufacturing facilities. They have large paper capacities, operate faster, and have a longer service life also retail and office environments, desktop barcode printers are most common.

• The enhancing utilization of barcode printers to maximize logistical processes is fuelling their proliferation. With the ability to efficiently track products along the supply chain, barcode printers also facilitate the storage of IoT numbers and serial numbers, managing data as goods transition through various channels.
•  Direct thermal technology finds its primary application in the retail sector, creating images through heat on a heat-sensitive substrate. Due to these characteristics, direct thermal technology is an ideal solution for labelling transit products for identification and tracking purposes, including parcel distribution and marking outside cases and pallets.
• Barcode printers are used to generate and print barcode labels for products. These labels contain essential information such as product name, price, and unique identification codes. Barcodes help smooth inventory processes by allowing quick and accurate tracking of stock levels. Barcode labels on items make it easier to monitor and manage inventory in real-time.

In above graph volume of the printers and copiers market worldwide given from year 2020 to 2023. In 2022 there is decrease in volume rate and in 2023 there is little rise in volume rate is seen.

Barcode Printer Market Trend Analysis

Increased Technological Advancement and Market Demand

• The growth of asset-tracking applications and increasing technological advancements in printing and printer technology are some of the major factors driving the growth of the global barcode printer market. Many industries are adopting labels and barcodes for their asset tracking and providing information about their products. However, recent technological advancements, like wireless connectivity, are also boosting the mobile printer segment. Thermal barcode printers are extensively used across small and large enterprises to label and track the products shipped.
• The rising adoption of automatic identification and data capture technologies for enhancing productivity, along with the growing concerns regarding product safety and anti-counterfeiting, is also boosting the market for thermal printers. The increasing utilization of thermal printing technology in the latest on-demand printing applications further increases the scope of thermal barcode printers.

Opportunities

Increased Use of Barcodes in the Supply Chain Industry and Rising Use of RDFI

• Barcodes have infiltrated the supply chain in rapid form, creating new opportunities for tracking and information gathering. From the simplest of goals – to see when a package will arrive at the consumer’s doorstep – to more complex efforts such as tracking temperatures in transit, barcodes provide incredible information at a moment’s notice.
• Manufacturers and distributors can expedite the fulfilment process using barcodes. A single barcode provides instant access to a large amount of data, including how a box should be packed or where on the warehouse floor it should be routed. The same barcode connects workers and truck drivers to managing paperwork, track when and where, and managing inventory more efficiently.
• With granular visibility into the supply chain, there’s more transparency to meet regulatory requirements. This is an increasing concern for many companies, especially those in the food industry who have to meet the demands of the FDA’s Food Safety Modernization Act. Tracing products becomes more efficient and possible using barcode scanning technology. With more detail, companies can use this information to manage recalls quickly, potentially saving lives in the process.

Barcode Printer Market Segment Analysis

Barcode Printer Market is segmented based on Product Type, Printing type, and end-users.

By Product Type, Industrial Printer Segment Is Expected to Dominate the Market During the Forecast Period

• The industrial Printers segment is boosting the barcode printer market growth with technological advancements, like wireless connectivity and other innovations. Thermal barcode printers are highly used across small and large enterprises to label and track the products shipped.
• They are the essential choice for businesses requiring strong and high-volume standardized identification printing capabilities. These printers exceed expectations in the assembly of the requests of fabricating, coordination, and dispersion segments, where unwavering quality, speed, and solidness are fundamental.
• Their capacity to deliver high-quality barcodes reliably, indeed in requesting situations, makes them vital devices for businesses overseeing large-scale operations. As a result, mechanical printers command a noteworthy share of the standardized tag printing advertising, catering to the differing needs of mechanical applications with their progressed highlights and execution capabilities.

By End-User, Manufacturing Segment Held the Largest Share in 2023

• The expansion of the barcode printer market is continuously fuelled by the extensive integration of barcode technology within the manufacturing and logistics sectors. Barcodes have emerged as indispensable tools in the management of the supply chain, employed throughout its entirety to precisely monitor materials, components, and finalized products.
•  Through scanning, they offer instantaneous insight into inventory status and the flow of goods, facilitating the implementation of just-in-time manufacturing practices and mitigating the chances of inventory imbalances. In today's era of interconnected global supply chains, the capability to scan barcodes upon shipment arrival and departure is paramount for sustaining operational efficiency
• From this graph is shown that increasing the manufacturing industry with a focus on current investments in various platforms

Barcode Printer Market Regional Insights

North America is Expected to Dominate the Market Over the Forecast Period

• North America has a developed retail sector, advanced logistics and supply chain management systems, and a high application rate of barcoding technology across various industries. The region's strong presence of key market players, technological advancements, and robust infrastructure contribute to its dominance in the barcode printer market.
•  Also, the e-commerce industry's rapid growth in North America further enhances the demand for barcode printers for efficient inventory management and order processing. Overall, North America's developed economies and mature market conditions make it the largest market region for barcode printers

Key Players in the Barcode Printer Market

• Zebra Technologies Corporation (United States)
• Canon India Pvt. Ltd (India)
• Honeywell International Inc. (United States)
• SATO Holdings Corporation (Japan)
• Toshiba Tec Corporation (Japan)
• Avery Dennison Corporation (United States)
• TSC Auto ID Technology Co., Ltd. (Taiwan)
• Seiko Epson Corporation (Japan)
• Wasp Barcode Technologies (United States)
• Brother Industries, Ltd. (Japan)
• Citizen Systems Japan Co., Ltd. (Japan)
• Printronix, LLC (United States)
• Datamax-O'Neil (United States)
• Godex International Co., Ltd. (Taiwan)
• Postek Electronics Co., Ltd. (China)
• Dascom (Hong Kong)
• Datalogic S.p.A. (Italy)
• Primera Technology, Inc. (United States)
• Cab Produkttechnik GmbH & Co KG (Germany)
• Afinia Label (United States)
• Microcom Corporation (United States)
• SII Printek Inc. (United States)
• General Data Company, Inc. (United States)
• Unitech Electronics Co., Ltd. (Taiwan)
• OKI Data Corporation (Japan)
• ID Technology (United States)
• ARGOX Information Co., Ltd. (Taiwan) and other active players.

Key Industry Developments in The Barcode Printer Market

• In Jan 2024, Citizen Systems America Corporation, a leading manufacturer of world-class printing technology, announces the newest additions to its industrial barcode and POS printer lineup with the release of the CL-S700III, CT-S801III, and CT-S851III at NRF 2024 in New York City.
• In April 2024, Canon India takes a giant leap forward in the imaging industry with the launch of 'Canon NorthStar', an innovative one-stop solution platform inclusive of end-to-end advisory, equipment, and associated services, by bringing together the finest technology companies and industry experts, to enable customers in setting up complete studio operations.
• In Oct 2024, New Thermal Printheads Deliver the Industry's Fastest Print Speed for Barcode Labels. ROHM has developed high-speed, highly reliable thermal printheads: TE2004-QP1W00A / TE3004-TP1W00A. These devices are optimized for barcode label printers applied in logistics and inventory management.
• In Oct 2024, Printek Mobile, an industry leader for reliable, innovative, on-the-go rugged mobile printers, announced the launch of its NEW and updated FieldPro 641 4" mobile thermal printer series.