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Due to variables affecting its end-use, the global Barcode Printers market is predicted to develop at a CAGR of 7.4 percent in terms of sales from 2016 to 2026. Barcode printers are specialized printers that print barcodes and product labels. Barcode printers differ from standard printers in that they use a variety of consumables to create a barcode print image. These printers are designed to generate clean, machine-readable barcode prints at a faster printing speed and for a cheaper cost.
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A barcode printer is electronic equipment that is specifically designed to produce barcodes. A barcode printer differs from a computer printer in that it prints barcodes using ribbons and labels that operate together. Typically, barcode printers do not have their own programmed logic controllers and must rely on an external computer system.
After the financial crisis of 2008, the industrial sector is rebounding. A huge number of industrial organisations throughout the world are automating and streamlining their operations in order to reduce time and material waste, consequently increasing efficiency and production. One such technology that is becoming more widely used is barcoding. The manufacturing process has been significantly shortened as a result of this method, resulting in increased demand for barcode printers.
Barcodes have become the de facto standard for product information storing and labelling. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities and their sale to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.
When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.
However, threat of RFID tags as substitutes to barcode labels and low compatibility of barcode printers with different operating systems act as restraints in the global barcode printers market.
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The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer and Others.
On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of Distribution Channel, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government and commercial services.
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North America and Western Europe are the most promising regions for the growth of the market owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of manufacturing sector in China.
The Industrial Barcode Printer Segment Holds the Highest Market Share in the Global Barcode Printers Market
Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer, and Others are the several types of barcode printers available. In the Barcode Printers Market, the Industrial Barcode Printer category has the biggest market share of 46.1 percent, followed by Desktop Barcode Printer.
Due to a desire for strong and tough barcode printers with higher productivity, the Industrial Barcode Printer segment is predicted to dominate in the forecast period with a CAGR of 8.3%.
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The post Demand And Growth for Barcode Printers Market by Region | North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan appeared first on Future Market Insights.
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