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Chicago, May 31, 2021/PRNewswire/-According to the new market research report "RFID and barcode printer market, according to printer type, format type (industrial printer, desktop printer, mobile printer), printing technology against COVID-19 Analyze the impact of “Printing Resolution, Applications and Regions-Global Forecast to 2026”, published by MarketsandMarkets™. The market size is 3.9 billion U.S. dollars in 2021 and is expected to reach 5.3 billion U.S. dollars by 2026. It is expected to compound The annual growth rate is 6.4% during the forecast period. Increased installation of RFID and barcode systems in manufacturing units to increase productivity in response to the impact of COVID-19, increasing use of RFID and barcode printers in the booming global e-commerce industry, The surge in demand for improved inventory management and the growing demand for mobile devices printers based on wireless technology are key drivers of the RFID and barcode printer market.

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During the forecast period, barcode printers will occupy a major share of the RFID and barcode printer market.

Compared with the RFID printer part, the barcode printer part occupies a larger share in the RFID and barcode printer market. Barcode printers are widely used in small, medium and large enterprises to mark and subsequently track products that are being shipped. This is one of the key factors driving the growth of the barcode printer market. These printers are often used in applications with high printing requirements, including retail. The manufacturing and industrial sectors will account for the largest bar code printer market in 2020. Barcode printers are widely used in manufacturing industrial applications because they benefit from every stage of the manufacturing process, from distribution and logistics to inventory tracking and product transportation. In 2020, North America will account for the largest share of the barcode printer market, and this trend is expected to continue during the forecast period.

During the forecast period, retail applications will occupy a major share of the RFID and barcode printer market.

Retail applications occupy the largest scale in the RFID and barcode printer market during the forecast period. RFID and barcode labels or hang tags can help retailers deal with retail printing requirements. POS printers are designed to provide printing solutions for front and back office tasks in stores, while meeting the requirements of online/e-commerce retail applications. Retailers use tags or labels to improve operational efficiency and customer satisfaction by delivering products in a timely manner and improving store asset management. In the retail environment, RFID and barcode printers are used to identify products and attach price tags; print shelf labels, inventory items and receipts, and create promotional and store branding materials; print on-demand labels for transportation applications; and print promotional coupons and Marketing form.

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North America has a higher compound annual growth rate during the forecast period.

North America accounts for the largest share of the RFID and barcode printer market, and similar trends are expected to continue during the forecast period. Retail, transportation and logistics, manufacturing and industry, and healthcare and hospitality are the main applications of RFID and barcode printers in the region. Several companies that provide RFID and barcode printers are operating in North America, which has further promoted the growth of the RFID and barcode printer market in the region. RFID and barcode tags and tags help to obtain information about the location and status of assets and personnel, which can be used to increase employee productivity and optimize asset utilization in various industries. This has led to the increasing adoption of RFID and barcode printers in North American manufacturing, transportation, and healthcare industries.

Some of the major players in the RFID and barcode printer market are Zebra Technologies Corp. (USA), SATO Holdings Corporation (Japan), Honeywell International (USA), Seiko Epson Corp. (Japan), AVERY DENNISON CORPORATION (USA), BIXOLON (Korea) ), GoDEX International (Taiwan), Toshiba Tec Corporation (Japan), Star Micronics (U.S.), Printronix (U.S.), Primera Technology (U.S.), Postek Electronics (China), Wasp Barcode Technologies (U.S.), and Brother International (U.S.) ).

By product (printers, consumables), printer type (barcode, POS, Kiosk and receipt, RFID and card), format type (industrial, desktop, mobile), printing technology (DT, TT, D2T2), application and geography-to 2025 Global forecast for the year

RFID market analyzed by product type (tags, readers, software and services), wafer size, tag type (passive tags and active tags), frequency, application, shape, material and area on the impact of COVID-19-Global Forecast 2026

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