Barcode Printers Market to Witness Mounting Growth in Approaching Time by 2027


Ravi Bankar

5 months ago | 3 min read

As per the estimates of GMI Inc, the global barcode printers market size will cross $4.5 billion by 2027.

The growing number of small businesses across developing and developed economies is powering the barcode printers market forecast. Latest advances in technology, including smart printing and remote printing features are transforming the industry landscape since the COVID-19 pandemic began. Although the coronavirus pandemic proved to be detrimental to the market during 2020, industry participants have been attending to a rising bulk of backlog orders. They are likely to recover significantly as the e-commerce landscape has been facilitating growth.

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Wireless barcode printer to be installed across a growing number of Indian enterprises

A growing number of barcode printer manufacturers have been offering a range of products with diverse features, helping customers choose according to their specific needs. The e-commerce sector registered an unprecedented boom during the global lockdown. Amidst the surging sales of cosmetic, personal care & hygiene products, enterprises had been looking for cost-effective and efficient printing solutions.

Several product-based companies have been deploying wireless barcode printers due to their ease of use and portability. They find that buying a barcode printer is more convenient than using third-party printing solutions in the long run. Printing in-house is also a cost-effective alternative especially for small-scale businesses whose printing requirements are nominal.

Since the number of small businesses across India has been spiraling, India barcode printers market share is expected to contribute substantially toward the global revenue. According to the data shared by the Indian Ministry of Corporate Affairs, there were nearly 21,87,026 registered companies across India as of June 30, 2021. The data also reveals that the country recorded an addition of over 36,000 new companies between April and June 2021. This marks a significant rise in the number of new businesses as compared to last year, when India was under a nationwide lockdown due to the COVID-19 pandemic.

Supported by a pool of small entrepreneurs, U.S. market promises considerable expansion

The U.S. economy is nurtured by a robust pool of entrepreneurs, with the number of small companies growing at a fast pace. In 2021, there were more than 32.5 million small businesses across the United States which made up nearly 99% of U.S.-based businesses. The rise in the number of small enterprises in the nation during 2021 also indicates a 2.5% increase from last year’s statistics.

A large percentage of these companies run product-based businesses that require to print barcodes on a day-to-day basis. Over the next 5 to 6 years, San Jose, San Francisco, Los Angeles are expected to see substantial deployment of technologically advanced barcode printers for label printing, thanks to the surging interest in these devices.

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Several industry participants are signing mergers, acquisitions, and partnership contracts for expanding their geographical reach as well as increasing revenue inflow. In February 2022, BIXOLON America Inc. announced a partnership with TEKLYNX, a top barcode and RIFD labelling software provider. The partnership aims to develop native embedded printer drivers, designed to boost the quality and speed of barcode design and printing.

Manufacturers across the globe will be able to leverage the flexible labelling solution delivered by the expertise of the two companies. The new native printer drivers developed by TEKLYNX will be suitable for RIFD, industrial, specialty, and desktop printers. With the advent of new features such as remote and mobile printing, the prospects for growth appear to be abundant for barcode printers market participants.

Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope

1.1 Scope & definitions

1.2 Methodology & forecast parameters

1.3 COVID-19 impact

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 MEA

1.4 Data sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Executive Summary

2.1 Barcode printers market 360º synopsis, 2017–2027

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Product trends

2.1.4 Technology trends

2.1.5 Resolution trends

2.1.6 Connectivity trends

2.1.7 Application trends

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Ravi Bankar







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