In 2021, the global RFID and barcode printer market scale is 390 million U.S. dollars, and is expected to reach 530 million U.S. dollars by 2026. It is expected to grow at a compound annual growth rate of 6.4% during the forecast period.
New York, June 7, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "RFID and barcode printer market, by printer type, format type, printing technology, printing resolution, application and region on the impact of COVID-19 Analyze-Global Forecast to 2026"-https://www.reportlinker.com/p04907910/?utm_source=GNW Increase the installation of RFID and barcode systems in manufacturing units to increase productivity in response to the impact of COVID-19, Increased 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 wireless technology-based mobile printers are key drivers for the RFID and barcode printer market. However, the strict printing resolution and poor image quality of barcode labels hinder the growth of the market. The compound annual growth rate of mobile printers during the forecast period is even higher. The mobile printer segment of the RFID and barcode printer market is expected to grow at the highest compound annual growth rate from 2021 to 2026. The global demand for mobile RFID and barcode printers is growing rapidly as these printers are used to print labels, tickets and receipts in the hotel, retail, and healthcare industries. In addition, mobile printers are used in many industries to print barcodes and RFID labels and hang tags. They have certain functions that make it easy to print barcodes and RFID tags, tags and receipts. These features include durability, robustness, and ruggedness, as well as ease of use, easy connection to mobile devices, and flexible connection options, including USB, Bluetooth, and wireless local area network (WLAN). During the forecast period, direct thermal printing technology will occupy the largest market share. Compared with RFID printers, barcode printers have a larger share in the direct thermal technology RFID and barcode printer market. RFID and barcode printers based on thermal printing technology are ideal for mass printing applications. They are the simplest and most cost-effective solutions for short-term applications. They are used to print labels for temporary use, such as shipping labels and food packaging labels. It is expected that from 2021 to 2026, the direct thermal market segment will lead the RFID and barcode printer market. The growth of this market segment can be attributed to the increasing penetration of thermal transfer technology in RFID and barcode printers. They are designed for high-volume operation in harsh environments. During the forecast period, retail applications will occupy the largest share of the RFID and barcode printer market. From 2021 to 2026, the RFID printer market in the RFID and barcode printer retail market is expected to grow at a compound annual growth rate higher than that of the barcode printer market. Retrieving information about in-store activities is a key factor in the growth of the retail RFID and barcode printer market. There is a great demand for RFID and barcode printers in the retail industry. One of the key factors for this high demand is the need to track inventory through bar codes and RFID tags to maintain data. Printers are used to print these labels at a very low cost. They also print sturdy and reliable labels that can withstand all challenging conditions such as abrasion, humidity and extreme temperatures. In addition, the company's tendency towards retail and the growth potential of its global e-commerce business are expected to further promote the growth of the RFID and barcode printer market. North America will occupy the largest share between 2021-2026. The region has a large number of RFID and barcode printer suppliers, including Zebra Technologies, Honeywell International, and Brother Industries. North America is one of the largest contributors to the RFID and barcode printer market. In addition, the United States is in a leading position in the North American market due to its well-developed economy that encourages government and private individuals to increase investment in new technologies. RFID and barcode labels help to obtain information about the location and status of assets and personnel to improve 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. In-depth interviews were conducted with the chief executive officer (CEO), marketing director, other innovation and technology directors, and executives from major organizations operating in the RFID and barcode printer market. • By company type: Tier 1-25%, Tier 2-40% and Tier 3-35% • By position: C-level executives-75% and managers-25% • By region: North America-40%, Europe-23 %, Asia Pacific-26% and RoW 11%. The RFID and barcode printer market includes Zebra Technologies Corp. (U.S.), SATO Holdings Corporation (Japan), Honeywell International (U.S.), Seiko Epson Corp. (Japan), AVERY DENNISON CORPORATION ( United States), BIXOLON (South Korea), GoDEX International (Taiwan), Toshiba Tec Corporation (Japan), Star Micronics (United States), Printronix (United States), Primera Technology (United States), Postek Electronics (China)), Wasp Barcode Technologies (United States) ) And Brother International Corporation (USA). The research includes an in-depth competitive analysis of these major players in the RFID and barcode printer markets, including their company profiles, latest developments, and major market strategies. Research Scope The report defines, describes and predicts the RFID and barcode printer market based on printer type, format type, printing technology, printing resolution, application and region. It provides detailed information on factors such as drivers, constraints, opportunities, and challenges affecting the growth of the RFID and barcode printer market. It also analyzes the competitive development of major players to develop in the market, such as product launches, acquisitions, expansions, contracts, partnerships, and development. The main benefits of buying the report The report will help market leaders/new entrants in this market provide the closest information about the revenue figures of the entire RFID and barcode printer market and its sub-segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan appropriate listing strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, constraints, challenges and opportunities. Read the full report: https://www.reportlinker.com/p04907910/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________
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