Barcode Printers Market - By Product (Industrial, Desktop, Mobile), By Technology (Thermal Transfer, Direct Thermal, Laser, Impact, Inkjet), By Resolution (Below 300 dpi, Between 301 & 600 dpi, Above 601 dpi), By Connectivity, By Application & Forecast, 2021-2027

Barcode Printers Market Size

Barcode Printers Market Size valued at over USD 3 billion in 2020 and is projected to grow at a CAGR of more than 6% from 2021 to 2027. The global industry shipments are poised to cross 5 million units by 2027.
 

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Due to the increasing demand for barcode wristbands, the overall barcode printers market is witnessing rapid expansion. Modern barcode wristbands offer a simple, definitive means of ensuring that the right patient receives the medical treatment. After wristbands are barcoded to offer basic patient identification, various tracking and data applications that leverage barcode data input are incorporated. When a healthcare professional dispenses medication to a patient, the wristband is scanned to identify the patient, which instantly brings up the patient's electronic health record. Before giving the medication to the patient, the medical staff can check the prescription and dose against the record. It helps to increase the accuracy of patient identification and medication information.
 

The COVID-19 moderately impacted the barcode printers market credited to the lockdown imposed worldwide. Owing to the COVID-19 pandemic, scheduled product launches and related developments were postponed. This resulted in disruptions to the global supply chain and a decline in sales of barcode printers in the first half of 2020. The industry observed growth in the second half of 2020 attributed to the lockdown relaxation and the resumption of industrial activities. The barcode printers are used to print codes on syringe packages for the COVID-19 vaccine.
 

Barcode Printers Market Analysis

The U.S. industrial barcode printers market is expected to showcase 5% growth rate through 2027 led by the increased use in harsh environments for mission-critical operations. The industrial barcode printers available in the market have rugged durability and offer robust performance with a user-friendly platform. These barcode printers are made of durable steel structural components that can withstand severe temperatures, debris, dust, and other harsh industrial conditions. They have meticulously engineered printing mechanisms to offer high volume noise-reduced printing. Market players including TSC Auto ID Technology Co., Ltd. and Zebra Technologies Corporation offer industrial printers with enhanced features including LCD displays, multiple resolutions, and extensive communication options including Wi-Fi and Bluetooth.
 

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In Germany, thermal transfer technology is estimated to attain a CAGR of 14% CAGR and will exceed USD 60 million by 2027 on account of the rise in the demand for high-definition text and graphic print quality for maximum readability and scannability. Thermal transfer printing ensures long-term image stability and allows for batch or single label printing with less waste. In comparison to ink jet, dot matrix and laser printing, long-term maintenance expenses are low. Thermal transfer technology will help in overall barcode printers market expansion as it can print on an infinite range of media stocks. Thermal transfer printers are often more durable than dot matrix or laser printers, allowing for efficient operation in both industrial & office applications.
 

Market leaders offer barcode printers with resolution of above 601 dpi, improving operational efficiency by creating readable characters and scannable barcodes on some of the smallest tags and labels. Barcode printers with print resolutions more than 601 dpi provide high-quality outputs to meet the demands of certain applications, where lower resolution printers cannot meet barcode-label standards.
 

Such barcode printers are employed in manufacturing applications that need small fonts and tiny barcodes including electronic board labeling and regulatory labels with serial numbers or symbols. High resolution barcode printers are used in medical applications that need small characters and barcodes. Barcode printers with above 601 dpi provide enhanced high-resolution printing capabilities for extremely small labels, including 0.75-inch wide by 0.25-inch tall, with precise font and barcode positioning requirements.
 

Wireless barcode printers available in the market are used to connect with various devices through advanced technologies including Cloud, Bluetooth, Wi-Fi, Near Field Communication (NFC), and Air Print. The barcode printers work on wireless networks with the latest security protocols to offer improved performance & connectivity. The Wi-Fi modules are designed to work with standard network management tools for simple integration and management of barcode printers on a network. The barcode printers simplify Bluetooth pairing and launch web-based pages with NFC-enabled devices. Wireless printers eliminate the need for on-premises servers by reducing the cost for enterprise-level managed device ecosystems. Using thermal technology, wireless printers can be connected to any device to produce high-quality labels. Wireless printers are cost-effective solutions that can be combined with an mPOS system that offers long battery life.
 

Barcode printers are used for manufacturing as they reduce product search time and enhance manufacturing process control. Barcoding helps to enhance compliance, improve work-in-process (WIP) productivity, and reduce finished goods costs. It enables real-time monitoring of production, order fulfilment, and distribution processes and their level of efficiency in real-time. Market players offer barcode printers for designing tags that reduce labor costs by eliminating manual steps and improve order & shipping accuracy. Barcode printers are increasingly used in the manufacturing sector as they ensure error-free and timely delivery, thus improving customer satisfaction. They promote real-time data capture through Warehouse Management Systems (WMS) and Enterprise Resource Planning (ERP) systems.
 

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The Asia Pacific barcode printers market captured 17% of the revenue share in 2020. According to India Brand Equity Foundation (IBEF), India’s e-commerce market is predicted to grow to USD 111.40 billion by 2025 from USD 46.2 billion as of 2020. This helps to increase the demand for barcode printers used in e-commerce inventory management. E-commerce warehouses use barcode printers to design tags and labels to optimize available space by relabeling pallets.
 

To support rising customer demand for faster shipments in warehouses, e-commerce market players use barcode printers to increase efficiency in the ordering, picking, packing, and shipping process. The barcode printers market will expand in APAC as barcode tags enhance efficiency and lower inventory management costs.
 

Barcode Printers Market Share

Key companies operating in the barcode printers market include

• Avery Dennison Corporation
• Bixolon Co. Ltd.
• Brother Industries Ltd.
• Citizen Systems Europe GmbH
• Cognitive TPG LLC
• Canon Inc.
• Godex International Co. Ltd.
• Honeywell International Inc.
• Labeltac
• Linx Printing Technologies Ltd (Linx)
• Oki Electric Industry Co., Ltd.
• Printek L.L.C
• Printronix, LLC
• Sato Holdings Corporation
• Seiko Epson Corporation
• Star Micronics Co. Ltd
• Toshiba Corporation
• TSC Auto ID Technology Co., Ltd
• Wasp Barcode Technologies
• Zebra Technologies Corporation
   

Market participants are introducing new barcode printers to give a wider range of printing solutions on flexible packaging. The efficient motor drive allows printer operation without compressed air, lowering overall costs while removing the need to change air pressures to ensure consistent print quality.
 

The barcode printers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

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Market, By Product

• Industrial
• Desktop
• Mobile

Market, By Technology

• Thermal transfer
• Direct thermal
• Laser
• Impact
• Inkjet

Market, By Resolution

• Below 300 dpi
• Between 301 & 600 dpi
• Above 601 dpi

Market, By Connectivity

• Wired
• Wireless

Market, By Application

• Manufacturing
• Retail
• Government
• Transportation & logistics
• Entertainment & hospitality
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • South Africa