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Big Data Analysis of the Global Barcode Printer Market

Release Time:2017-08-17

　　

 

Another year-end summary

According to the latest report of the market research company, it is pointed out that

Big Data Analysis of the Global Barcode Printer Market

Barcode printer 2016 global sales of $2.758 billion

Sales reached 30.86 million units

The report estimates

During the forecast period of 2016 to 26 years

Bar code printer market will grow at a compound annual rate of 7.4 percent

Market size will reach $5.656 billion by 2026

Sales reached 53.84 million units

Annual compound growth rate of 5.7 per cent

　　

 

According to reports, many manufacturing companies around the world are automating and simplifying processes to reduce time and material waste, and improve efficiency and output. Barcode processing (Barcoding) is one of the widely used technologies. This technology can significantly reduce the production time in the process, thus driving the demand for barcode printers.

Digital barcodes have become the standard for storing and labeling product information. Global retailers use barcodes to record items and sell them to customers. The bar code printed on the label is glued to the product, which can record the product quantity, manufacturing/delivery date, selling price and other information. And scan the bar code attached to the product, you can retrieve, monitor the information in the bar code. This action, which can be completed in a few seconds, not only improves efficiency, but also minimizes errors, making it easy for retailers to record their products and inventory in stores and warehouses.

Barcode printers use ribbons and labels to print barcodes. The principle and structure are slightly different from computer printers. They usually do not have programmable logic controllers and rely on external computer systems.

The main limitations of the current bar code printer market development include that radio frequency identification (RFID) tags may become a substitute for bar code labels, and the compatibility of bar code printers between different operating systems is too low.

The global barcode printer market can be classified by printer type, printing technology, consumables, usage, distribution channel and region. Printer types include desktop barcode printers, industrial barcode printers, mobile barcode printers, etc. Printing technologies include thermal transfer (Thermal Transfer), thermal transfer (Direct Thermal), dot matrix, laser, and inkjet.

Distribution channels include direct sales to end users, direct sales to OEMs, dealers/distributors, and system integrators. Uses include industrial/manufacturing, transportation/logistics, retail, medical, government and business services. Among various types of bar code printers, industrial bar code printers accounted for the highest proportion, reaching 46.1%. Followed by desktop bar code printer. Industrial bar code printers are expected to grow the fastest during the forecast period, with a compound annual growth rate of 8.3, due to ruggedness and higher productivity.

In terms of printing technology, thermal transfer barcode printers account for 62.8 percent of the market and will continue to grow over the forecast period due to their lower cost; matrix, laser and inkjet technologies will be phased out. Dealers/distributors are the preferred supply channel and will continue to dominate in the future due to their higher distribution efficiency, lower supply costs and faster delivery times.

North America and Western Europe are the fastest growing regions for bar code printers; Latin America has a slow market growth due to the low adoption rate of bar code technology. In the Asia-Pacific region (excluding Japan), the growth of the barcode printer market has also slowed due to the saturation of the mainland manufacturing industry and the slowdown in growth.