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Barcode Label Printer Market size is set to grow by USD 1.59 billion from 2024-2028, Increasing adoption of two-dimensional (2D) barcodes boost the market, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global barcode label printer market size is estimated to grow by USD 1.59 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.78%  during the forecast period. Increasing adoption of two-dimensional (2D) barcodes is driving market growth, with a trend towards recent developments in barcode label printer. However, increased adoption of RFID printers poses a challenge. Key market players include Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother Industries Ltd., cab Produkttechnik GmbH and Co. KG, Citizen Watch Co. Ltd., Datalogic SpA, Fujitsu Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Newell Brands Inc., Panth Enterprise, Postek Technologies Inc., SATO Holdings Corp., Seiko Epson Corp., Shandong New Beiyang Information Technology Co. Ltd., Toshiba Corp., TSC Auto ID Technology Co. Ltd., WINCODE Technology Co. Ltd., and Zebra Technologies Corp.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Barcode Label Printer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.78%

Market growth 2024-2028

USD 1592.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.23

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key countries

US, China, Japan, Germany, and India

Key companies profiled

Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother Industries Ltd., cab Produkttechnik GmbH and Co. KG, Citizen Watch Co. Ltd., Datalogic SpA, Fujitsu Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Newell Brands Inc., Panth Enterprise, Postek Technologies Inc., SATO Holdings Corp., Seiko Epson Corp., Shandong New Beiyang Information Technology Co. Ltd., Toshiba Corp., TSC Auto ID Technology Co. Ltd., WINCODE Technology Co. Ltd., and Zebra Technologies Corp.

Market Driver

The global barcode label printer market is experiencing a significant increase in new product launches, which is motivating consumers to explore and purchase a diverse range of barcode label printers based on their specific needs. This trend is intensifying competition in the market, leading manufacturers to innovate and differentiate their offerings. In January 2023, Citizen Systems America introduced the CL-H300SV, the latest addition to its desktop barcode printer lineup. TSC Auto ID Technology launched the Alpha-30R 3-Inch Performance Mobile Barcode Label Printer in June 2022, offering two models with varying features and media support. SATO Group unveiled the PV4 mobile barcode label printer in January 2021, catering to high-volume e-commerce operations with its best-in-class media capacity and versatile interface options. These product launches are expected to fuel the expansion of the global barcode label printer market in the coming years. 

The Barcode Label Printer market is witnessing significant trends, with mobile printers gaining popularity in various industry verticals. Packaged goods companies are automating production lines to streamline processes and reduce wastage. Output efficiency is key, with advancements in barcode technology, including Matrix, 2D codes like QR, and QR barcode readers on camera phones. Barcode printers come in various forms, from industrial to specialty models, printing on labels, receipts, and even directly onto physical objects. EANs and UPCs remain standard, while Radio Frequency Identification (RFID) and robotics are modern technologies driving innovation. Key sectors include packaged food, assembly lines, and production, aiming for quick response times. Technologies like Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, and Dot Matrix cater to different needs. A well-developed infrastructure supports this industry, with a strong development base in the Ecommerce industry. Metal ribbon capacity and printer types, including industrial, desktop, and portable models, further diversify the market. 

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Market Challenges

RFID label printers produce labels with a unique ID or electronic product code, featuring both a barcode and human-readable text. These printers integrate a reader and printer into one machine, catering to mass printing and encoding applications. While barcodes can store limited data, RFID tags, incorporated into these printers, offer non-volatile memory and can store up to 8 kb of information. With growing RFID technology adoption, manufacturers design RFID smart printers for handling common RFID inlays and large data storage. Their ease of service, integration with network technology, and enhanced capabilities contribute to their increasing popularity, potentially hindering the barcode label printer market growth.The Barcode Label Printer market faces several challenges in catering to diverse industry verticals. Specialty printers for barcode tags, receipts, and labels on physical objects require advanced technologies like EANs and UPCs for efficient tracking. Radio frequency identification (RFID) and robotics integration are becoming essential for modern industries, including the International Federation of Packaging Industries. Industrial printers for large-scale production, desktop printers for small businesses, and portable printers for on-the-go use each have unique requirements. Technology choices include direct thermal, thermal transfer, ink jet, laser printing, and dot matrix. A well-developed infrastructure is crucial, with features like Dual WiFi and Bluetooth options, PLC integration, and high-resolution barcode labels (600 dpi, 14 ips) becoming industry standards. Product types, such as packaged food, demand barcode labels with specifications like IMPACT series, Four-inch desktop printers, and printing speeds. Adapting to modern technologies while catering to various industries and product types requires innovative solutions. Metal barcode tags, ribbon capacity, and Ecommerce industry integration are additional considerations.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This barcode label printer market report extensively covers market segmentation by  

Product 1.1 Industrial printers1.2 Desktop printers1.3 Mobile printersApplication 2.1 Manufacturing2.2 Transportation and logistics2.3 Retail2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Industrial printers-  Industrial printers play a crucial role in various industries for high-volume labeling applications, including order labeling and warehouse management. Zebra Technologies and Honeywell International are major vendors offering robust industrial printers, such as ZT600 Series and PXie Series, respectively. These printers cater to manufacturing, transportation and logistics, and retail sectors. Key applications of industrial printers include asset management, compliance labeling, cross-docking, lab sample tracking, receiving and shipping, reverse logistics, work-in-process tracking, inventory management, information labels, order labeling, and quality control. The advantages of industrial printers, like error-proof labeling, easy programmability, and advanced networking connectivity and security, fuel their demand, making the market for these printers grow significantly during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Barcode Label Printer market is experiencing significant growth due to the increasing demand for automation and streamlining in various industry verticals, particularly in packaged goods production. Mobile printers are gaining popularity for their flexibility and quick response, allowing for on-demand labeling in assembly lines and production areas. Barcodes, including Matrix barcodes, 2D codes, EANs, and UPCs, are essential for efficient tracking and reducing wastage. Modern technologies like radio frequency identification (RFID) and robotics are also being integrated into barcode label printers to enhance output efficiency and productivity. The International Federation for Automation and the use of industrial robots further contribute to the advancement of this market. Innovative solutions cater to diverse industry needs, from industrial printers for large-scale production to desktop and portable printers for small businesses. The market continues to evolve, offering solutions for various product types, such as packaged food, to meet the demands of the modern production landscape.

Market Research Overview

The Barcode Label Printer market is witnessing significant growth due to the increasing automation and streamlining of processes in various industry verticals. Mobile printers are gaining popularity in packaged goods sectors for quick response and on-demand labeling. Modern technologies like Matrix barcodes, 2D codes, and QR barcode readers are enhancing output efficiency and reducing wastage. Barcode printers come in various types, including industrial, desktop, and portable models, using technologies like direct thermal, thermal transfer, ink jet, laser printing, and dot matrix. The market is driven by the need for efficient production time and the increasing use of barcodes on physical objects, such as EANs and UPCs. Innovative solutions are also being developed for industries like packaged food, using advanced technologies like radio frequency identification, robotics, and PLC integration. With a well-developed infrastructure and a wide development base, the market is expected to continue growing, with new offerings like Dual WiFi and Bluetooth options, high-resolution printing, and specialty printers for specific applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductIndustrial PrintersDesktop PrintersMobile PrintersApplicationManufacturingTransportation And LogisticsRetailHealthcareOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Doo Group Strengthens Global Reach with CySEC License for Doo Financial

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LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.

Expanding Regulatory Reach

The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.

“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU

Strengthening Client Confidence

Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.

By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.

About Doo Group

Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.

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Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with ‘Suraksha ka Vaada Bima ke Saath’ Initiative Across Delhi and Punjab

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NEW DELHI, Nov. 15, 2024 /PRNewswire/ — Liberty General Insurance, one of the leading non-life insurance companies in India and the lead insurer for Delhi under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan, is spearheading an insurance awareness initiative in Delhi. While there are no gram panchayats in Delhi, Liberty continues to drive insurance awareness through grassroots and digital outreach.

In parallel, Liberty is fulfilling its rural and social obligations by focusing on underserved areas in Punjab. This effort includes a recently initiated awareness campaign across 400 gram panchayats in Punjab to expand insurance penetration and increase accessibility in these regions.

In Delhi, Liberty continues to create awareness under ‘Suraksha ka Vaada Bima ke Saath’ initiative launched in 2023. This October Liberty began with a Door-to-Door Campaign across North-West and North East Delhi, reaching over 1600 households in Karala Village, Budh Vihar, Kanjawala Village and Begumpur, Burari, Kanhiya Nagar, Rampura, and Jahangirpuri, achieving over 25000 impressions. Over nearly a month, Liberty’s teams engaged with residents, distributing leaflets and explaining the benefits of motor and health insurance. This campaign was followed by the ‘Nukkad Natak’ (Street Play) initiative in South Delhi, targeting key neighborhoods of Sarojini Nagar, Lajpat Nagar, Nirman Vihar, Lakshmi Nagar, and Begumpur chowk market. The street plays used interactive performances to educate communities on the importance of insurance and dispel common myths. To reinforce the message, Liberty’s team also disseminated copies of the ‘Wise Ways of Insurance’ booklet—a unique resource developed to demystify insurance products and promote informed decision-making. The booklet, which is being translated into vernacular languages, is also being distributed in other states as part of Liberty’s commitment to financial literacy across India.

Complementing its on-ground efforts, Liberty General Insurance continues to leverage social media to drive targeted insurance awareness campaigns. Recognizing that widespread mobile access allows more people to connect online, Liberty reaches both rural and urban audiences, empowering individuals everywhere with the knowledge needed to make informed financial decisions.

Commenting on this awareness drive, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “Our ‘Suraksha ka Vaada Bima ke Saath’ campaign is an effort in line with IRDAI’s ‘Insurance for All by 2047’ vision, towards empowering communities across Delhi, Punjab, and beyond with the financial security that insurance provides. With general insurance penetration in India still at less than 1% of its GDP, there is a pressing need to educate communities and break down the barriers to understanding the importance of insurance. Liberty will ensure that its wide distribution network makes policies accessible to all, so that every citizen—no matter where they are—can access the financial safety net that insurance offers.”

“Liberty is committed to fostering a culture of financial resilience where every Indian can feel secure about their future. Together, we are building a future where insurance isn’t just a product but a promise of protection and peace of mind,Mr. Ved added.

Looking ahead, Liberty will be rolling out a transit media campaign across South Delhi in December, utilizing branded auto rickshaws to increase visibility and connect with residents in this vibrant area of the capital. By leveraging transit media, Liberty aims to bring insurance awareness into people’s daily routines, making information accessible in familiar, everyday settings. This campaign builds on the success of previous awareness initiatives and reinforces Liberty’s commitment to educating and empowering individuals about insurance.

About Liberty General Insurance

Liberty General Insurance Ltd. (LGI) is a joint venture between Summit Asia Investment Holdings PTE Ltd.— a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S., Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states and UTs. Its partner network consists of about 6000+ hospitals and more than 5000 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, engineering insurance, marine insurance, liability insurance and property insurance among other products in India.

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Hikvision unveils WonderHub and elevates smart collaboration across industries

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HANGZHOU, China, Nov. 15, 2024 /CNW/ — Hikvision unveiled its fully upgraded smart collaboration business. The event showcased a range of innovative products designed to transform collaboration in education, meetings, retail, and more. Among the highlights were cutting-edge solutions like WonderHub interactive displays, digital signage, and video conference devices. These products underscore Hikvision’s commitment to driving digital transformation and enhancing user experiences in an increasingly connected world.

At the heart of this ecosystem is WonderHub, which features WonderOS, an AI-powered platform that seamlessly connects devices and enhances collaboration. With tools like WonderSpark for interactive whiteboards and WonderCast for wireless content sharing, WonderHub enables users to communicate, create, and collaborate more effectively than ever.

Boosting Classroom Engagement with Innovative Solutions

In education, WonderHub is designed to elevate classroom experiences. The interactive displays enable students to share and express ideas effortlessly, creating a more engaging and dynamic learning environment. The built-in WonderSpark smart whiteboard software uses AI to recognize equations, provide solutions, and generate interactive 3D teaching materials across subjects like mathematics, chemistry, and natural sciences. Teachers can also access licensed images and videos through Creative Commons integration, enriching lesson content and boosting student engagement.

Classrooms equipped with WonderHub also benefit from multi-window modes and a suite of 19 educational tools. These include subject-specific templates and interactive applications. For remote learning, WonderHub integrates seamlessly with third-party conferencing platforms, allowing students to collaborate in real-time, no matter their location.

Empowering Business Meetings with Intelligent Features

Hikvision’s smart collaboration solutions transform business meetings into more efficient and immersive experiences. The WonderHub Ultra Series allows users to easily connect personal devices and leverage the interactive display’s camera, speakers, and microphone for high-quality remote conferencing. The HiSpire meeting management system streamlines meeting logistics, including room scheduling, attendee notifications, post-meeting summaries, and distribution of materials.

Advanced AI features, such as auto-framing and speaker tracking, ensure optimal video quality. Meanwhile, app-free screen casting allows for easy sharing of presentation materials. The X12 and X28 audio-video cameras offer enterprises tailored setups to suit meeting rooms of any size, ensuring seamless communication with high-definition video and precise audio capture.

Transforming Retail Spaces with Dynamic Digital Signage

Hikvision has also advanced its digital signage solutions to enhance customer engagement in retail scenarios. The vibrant displays and centralized content management allow retailers to effectively capture attention. High-brightness window displays attract passersby with promotions and new product highlights. Meanwhile, floor-standing signage supports interactive features, such as self-service ordering. The HikCentral FocSign platform enables retailers to remotely manage and distribute content across multiple locations, improving operational efficiency and ensuring consistent branding.

These digital signage solutions, including the DP and DL series, boast superior brightness and clarity, ensuring visibility even in strong lighting conditions. The displays run on Hikvision’s self-developed platform and support WonderCast wireless casting, enabling quick and easy content sharing from various devices.

Since entering the smart collaboration market in 2017, Hikvision has rapidly become a leading global player. With over 300,000 units sold across more than 140 countries and regions, Hikvision’s smart collaboration business exemplifies the company’s commitment to innovation, quality, and user-centric design. As a key highlight of this evolution, the fully upgraded WonderHub represents the next leap forward in smart collaboration technology.

By bridging advanced technology with practical applications, WonderHub, along with Hikvision’s broader range of smart collaboration solutions, is leading the way in providing more efficient and intelligent solutions for users worldwide.

For more information about Hikvision’s smart collaboration products and solutions, please visit Hikvision’s official website.

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