With Traditional Pen-and-Paper Processes Losing Their Relevance in Asset Management and Tracking, FMI Predicts Lucrative Opportunities for Label Printer Manufacturers across the USA, Japan, Korea, Italy, the United Kingdom, and 30+Countries!
The size of the global market for label printers is anticipated to reach US$ 513.3 million in 2023 and increase at a 3.9% CAGR from 2023 to 2033. By 2033, global sales of label printers are projected to reach US$ 752.6 million. A major driver driving label printer demand globally is growing use across end-use industries like manufacturing, transportation & logistics, and retail.
The manufacturing industry’s ongoing need for simple-to-use and practical label printing solutions is expected to drive growth in demand for desktop and mobile/portable printers during the course of the projection period. By the end of the forecast period, both segments are anticipated to make up about 74% of the global market.
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Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on the physical objects. Label printers are used for printing product labels and printing barcodes. Label printer machine is used to make barcode or tags for retail items or label cartons with universal product codes or European Article Numbers before shipment. The label printers are also used for printing barcodes on wristbands which are used for personal identification in hospitals or any events. Label printers use thermal transfer or direct thermal techniques to apply ink to the tags.
Label Printer Market: Dynamics
Due to increased use in organized retail for labeling is expected to drive the label printers market over the forecast period. Label printers are used in healthcare for wristbands and tags that help to patient tracking and identification, surgical procedure and specimen labels. Increased demand for wristbands label in healthcare is anticipated to impact the market growth favorably. Furthermore, the workforce of mobile sales carrying out on-field transactions has expected to increase the demand for mobile label printers. Increased in the adoption of RFID which offers many advantages over barcode which is expected to pose a challenge to the industry growth.
The label printers market is anticipated to a moderate market and high end products mainly from the United States and Western Europe. For growth and development companies used to make a strategy for merger and acquisition. Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the global market of label printers market over the forecast period.
Label Printer Market: Regional Outlook
North America and EMEA are anticipated to dominate the label printers market during the forecast period. Europe is expected to leading the regional market for label printers and is expected to witness significant growth over the forecast period. During the future projected year, Western Europe is anticipated to account for the noteworthy market share for label printers. Today’s technology advancement and product differentiation are some of the primary reasons for the growth of the label printers market.
The Asia Pacific is expected to noteworthy growth during the forecast period due to huge investments by the industries in the retail sector. In addition, the development of production facilities is expected to increase the demand for label printer during the forecast period. In the Asia Pacific, china held the largest market share and recognize for a large number of production facilities paired with escalating demand from the shipping application segment. Overall, the Label Printer market is forecast to enjoy balance growth in the forecast period.
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Label Printer Market: Key Players
Some of the players operating in the Label Printer Market are Zebra Technology, Toshiba TEC Corporation, Shandong New Beiyang Information Technology Co., Ltd, Honeywell International Inc., TSC Auto ID Technology Co., Ltd, Citizen Systems Europe, Epson India Pvt Ltd, Brady Worldwide, Inc., DASCOM Americas SBI LLC, GoDEX, cab Produkttechnik GmbH & Co KG, Postek Electronics Co., Ltd., Wasp Barcode Technologies, and many more. Many local and unorganized players are expected to contribute to the Label Printer market.
The report is the compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the Label Printer Market. The report provides as in-depth analysis of parent market trends, macroeconomic indicators and governing factor along with Label Printer Market attractiveness as per segments. The report also maps the qualitative impact of various factors on Label Printer Market segments and geographies
Label Printer Market: Segmentation
The Label Printer Market is segmented on the basis of product type, technology, connectivity and application
On the basis of product type, the Label Printer Market has been segmented as follows-
On the basis of technology, the Label Printer Market has been segmented as follows-
On the basis of connectivity, the Label Printer Market has been segmented as follows-
On the basis of application, the Label Printer Market has been segmented as follows-
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Report Highlights:
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Apr 27, 2023
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