Barcode labels have become essential in keeping warehouse and distribution center operations accurate and efficient. As the retail industry moves more toward an online order sales model, barcode labels provide a simple and reliable logistical tool for tracking goods throughout the process from inventory to fulfillment. According to recent data reported by Global Market Insights, the barcode printers market size was approximately $2 billion in 2016 and will grow at a compound annual growth rate of more than 5% from 2017 to 2024.
Barcode Printers Market Trends
Desktop barcode printers market accounted for over 20% of the revenue share in 2016
Continued growth is expected for desktop barcode printers, which are promoting productivity and efficiency in a variety of business environments. They are ideal for the printing of instruction labels and identification labels in mid-sized manufacturing facilities and warehouses. In healthcare offices desktop barcode printers are used to create labels for shipping/receiving, parcel post, pharmacy, specimen identification, and patient identification.
Thermal barcode printers market share was over 60% of the overall revenue in 2016
Moderate growth is expected for thermal transfer barcode printers, which produce high-quality and long-lasting labels in several colors. Markets for these barcode printers include cards, posters, magazines, and books. Direct thermal printer technology is typically used for shipping labels, receipts, and other short-term labeling applications due to its efficiency.
Wireless barcode printers accounted for more than 30% of the industry in 2016
Continued growth is expected for products that help customers connect to their devices through technologies such as Bluetooth, Cloud, and Wi-Fi. Wireless printing capability helps eliminates the need for hard connection and removes a potential failure point.
Printers with a resolution below 300 dpi accounted for more than 60% of the overall market share in 2016.
Printer resolution below 300 dpi, 203 dpi (8 dots/mm), is in high demand due to the increasing need for barcodes on products in government, education, healthcare, wrist bands, ID cards and more.
Barcode Printers Market Growth will be Driven by Global Trade
Manufacturers are creating barcode labels to document and easily track parts through their manufacturing processes, to ensure end-to-end traceability, reduce errors, and optimize productivity. Developments in global trade will spur barcode printer industry growth, as barcode labels will be used for storing and recording of data pertaining to the products or goods being exported or imported.
Liberty Marking Systems is your source for custom barcode labels as well as a variety of label printers including thermal transfer printers, direct thermal printers, full color ink jet label printers, and full color laser printers. Whether you need basic serialization for asset management or complex compliance barcode labels, we have the right products to meet your needs.