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Global Barcode Label Printer market will reach 36200 million US$ by the end of 2025
Published Date: 2018/9/29
Barcode printers are specialty printers which enable the printing of barcode labels or tags that can be directly printed on or attached to physical objects. They are commonly used to label retail items or label cartons with Universal Product Codes (UPCs) or European Article Numbers (EANs) before shipment.
One trend in the market is rising omnichannel retailing. Retailers sell their products and goods through multiple mediums such as brick and mortar stores, m-commerce, and e-commerce, which is called omnichannel retailing. With the growing penetration of the Internet and the improving network infrastructures, retailers have started increasing their reach and have revolutionized the shopping experience for customers with the help of e-commerce and m-commerce. Rapid industrialization is another factor contributing to the growth of market.
In term of region, North America and EMEA are expected to dominate the barcode printers market over the forecast period owing to increased demand from the U.S. and Western European countries. Asia Pacific, Eastern Europe, and Latin America are expected to witness substantial growth due to the establishment of production facilities in these economies and increased investments by MNCs in retail and industrial infrastructure.
The global Barcode Label Printer market is valued at 19800 million US$ in 2017 and will reach 36200 million US$ by the end of 2025, growing at a CAGR of 7.8% during 2018-2025.
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