“Global RFID and barcode printer market to exhibit significant growth between 2017 and 2022”
The RFID and barcode printer market is expected to grow at a CAGR of 5.7% between 2017 and 2022 to reach USD 4.81 billion by 2022. The key driving factors for the growth of this market include the growth of the e-commerce industry; rising demand for extracting data in various manufacturing, retail, transportation and logistics industries; and elimination of human errors. However, poor quality of print in barcode and RFID labels and tags are restraining the growth of the RFID and barcode printer market.
“Industrial printers to dominate the RFID and barcode printer market during the forecast period”
Industrial printers held the largest size of the RFID and barcode printer market in 2016. Industrial printers in manufacturing industry are used for applications such as address labels, apparel tagging, apparel tags, asset tracking, automotive labeling, incoming goods labeling, item identification. Logistic tracking, pallet labeling, paper/pulp labeling, price labeling, price ticketing, product and service information, and product fact tags are the applications in which these printers are used to print the labels and tags in the manufacturing industry. Industrial printers are expected to hold the largest size of this market during the forecast period due to the increasing demand in developing countries and the need for real-time information pertaining to the exact location of other assets.
“Manufacturing industry to hold a major share of the RFID and barcode printer market during the forecast period”
The market for the manufacturing industry is expected to grow at a high rate between 2017 and 2022. RFID and barcode printers are being used in the manufacturing industry in applications such as automated inspection and identification in production process using barcode labels and tags. Labels and tags used in the manufacturing industry to manage the asset life cycle cost and increase the life cycle of an equipment as well as reliability. Industrial barcode printers in the manufacturing industry are commonly used to print labels and tags used for track and trace applications and workflow optimization.
“APAC to be the fastest-growing market for GNSS chips during the forecast period”
APAC is expected to be the fastest-growing market for RFID and barcode printers during the forecast period. The leading companies providing barcode and RFID printers are based in APAC. The Asian markets, especially in Japan and China, are more likely to govern this market in the years to come in terms of adaptability and market size. China currently holds the largest share of the market owing to the higher adoption of barcode and RFID printers in various industries in APAC are fueling the growth of this market in this region.
The break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
- By Designation: C–Level Executives – 62% and Directors – 38%
- By Region: North America - 32%, Europe – 28%, APAC – 25%, and RoW – 15%
The key players operating in this market include Zebra Technologies Corporation (US), Honeywell International Inc. (US) , Toshiba TEC Corporation (Japan), Sato Holdings Corporation (Japan), TSC Auto ID Technology Co., Ltd. (Taiwan), Avery Dennison Corporation (US) , Wasp Barcode Technologies (US) , Postek Electronics Co., Ltd. (China), Dascom Printer (Jiangmen) Co., Ltd. (China).
The research report on the global RFID and barcode printer market covers the market on the basis of type, technology, printing resolution, industry, and geography. The market, on the basis of type, has been segmented into industrial, desktop, and mobile printer. On the basis of technology, the RFID and barcode printer market has been classified into thermal transfer, direct thermal, and inkjet. The market on the basis of printing resolution has been segmented into below 300 dpi, between 301 and 600 dpi, and above 600 dpi. Further, the RFID and barcode printer market on the basis of industry has been segmented into manufacturing, retail, healthcare, government, entertainment, and others. The report covers 4 major geographical regions, namely, North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
- Illustrative segmentation, analysis, and forecast for the market based on type, technology, printing resolution, industry, and geography have been conducted to give an overall view of the RFID and barcode printer market.
- The value chain analysis has been provided for in-depth insight into the RFID and barcode printer market.
- The major drivers, restraints, opportunities, and challenges for the RFID and barcode printer market have been detailed in this report.
- The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenue of the key players.