The North America Barcode Printer Market would witness market growth of 6.8% CAGR during the forecast period (2023-2029).
Barcode printers depend on an external computer system, as they lack programmable logic controllers. They are frequently employed in the transportation sector, the government, the healthcare sector, the business services sector, and the retail sector. Barcodes are the graphic representation of information that can be read by a scanner and translated into information. Each barcode has a unique code that acts as a tracking mechanism for goods and is shown as a series of lines or shapes.
At first, the one-dimensional width and intervals between parallel lines served as a sign of this technology. Later on, this led to the development of other two-dimensional geometric shapes, including rectangles and hexagons. Barcode readers can read both this older barcode technology and newer barcodes on desktop printers, cellphones, and other devices. These printers, also known as specialty printers, produce barcode labels, tags, and receipts that can be directly stamped on or affixed to tangible things. They typically utilize Universal Product Codes (UPCs) or European Article Numbers (EANs) to label boxes, receipts, and retail, medical, and food items before shipping.
Barcode solutions are likely to be in more demand due to the expected expansion in e-commerce retail sales, which will also raise the requirement for advanced and automated marketing techniques. In Canada, it is mandatory that the regulated parties comply with the new labeling criteria within a five-year transitional period, during which they must conform to either the old or the new rules, when the Canadian Food Inspection Agency amended nutrition labeling in December 2016. The usage of barcodes in consumer-packaged foods is anticipated to rise during the ensuing years due to such regulatory activities. Hence, the region presents lucrative growth prospects for the development of the market.
The US market dominated the North America Barcode Printer Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,642.3 million by 2029. The Canada market is poised to grow at a CAGR of 9.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.3% during (2023 - 2029).
Based on Technology, the market is segmented into Thermal Transfer, Direct Transfer, Inkjet, Laser, and Others. Based on Product, the market is segmented into Industrial Printers, Desktop Printers, and Mobile Printers. Based on End User, the market is segmented into Manufacturing, Retail & E-commerce, Transportation & Logistics, Healthcare, Government, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Barcode Printer Market is Projected to reach USD 6.8 Billion by 2029, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avery Dennison Corporation, Canon, Inc., Honeywell International, Inc., Sato Holdings Corporation, Zebra Technologies Corporation, Dascom, Printronix, LLC, Seiko Epson Corporation, Toshiba TEC Corporation (Toshiba Corporation) and Oki Electric Industry Co., Ltd.
By Technology
By Product
By End User
By Country
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