Barcode Printers Market Projected to Reach $13,510.6 Million, Globally
On the contrary, the integration of advanced connectivity & wireless technologies and the growing usage of electronic shelf labels & smart label printers provides are expected to offer growth opportunities for expansion of the barcode printers market in the 2023-2032 forecast period.
The outbreak of the COVID-19 pandemic has had a significant influence on the growth of the global barcode printers market. While the epidemic caused disruptions in the supply chain, it also accelerated the adoption of digitized and contactless solutions, creating novel avenues for growth in sectors like logistics, healthcare, and e-commerce.
The barcode technology proved invaluable during the crisis in promoting a safer and more efficient manufacturing environment. Retail and e-commerce sector also actively accepted barcode printers to cater to the relentless rise of e-commerce sales in the wake of lockdowns.
The barcode printers market is projected to show steady growth in the future as the demand for efficient supply chain management is increasing and people are shifting towards online shopping.
Industrial Printer Sub-segment to be Highly Dominant During the Forecast Period
The industrial printer sub-segment accounted for the major share of 48.5% in the barcode printers market in 2022 and is expected to continue to maintain its dominance during the forecast period. The dominant growth of the sub-segment is mainly because industrial printers are long-lasting and high-quality computer printers used to print barcodes onto tags, labels, packages, and others. Besides, the growing usage of industrial printers in various sectors, such as warehouses, retail stores, and manufacturing factories, as they are tough and dependable is driving the sub-segment's growth.
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