Asset Tags Market Analysis

Asset Tags market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Packaging
Ongoing
November 2019
REP-GB-3426

This Asset Tags market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Asset Tags market.

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Asset tags are used as a barcode or a serial number to help keep track of the movements of the asset or the product. Technological boom has resulted in an ever increasing demand for various products that may be required to be transported over long distances or across continents. Asset tags are preferred to help keep the end user updated on the location of the asset or product and prevent any property crime. Attributed to their efficiency, assurance of better customer service and the increased sense of security that they provide, asset tags are used to label many products worldwide. Asset tags are also used to identify, maintain and repair fixed assets, such as, a road sign, building, tunnels, or any system attached to a building. The global asset tags market is anticipated to grow over the forecast period as an efficient, convenient and secure means of protecting and tracking an asset.

Global asset tags market: Dynamics

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Asset Tags market:
Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

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The demand for asset tags has experienced a steady growth in the past couple of decades. The global asset tags market is expected to be driven by the increasing demand to identify and keep track of the products. Asset tags eliminate the need to stand in long queues for product identification at retail stores. They can be scanned with lasers to identify the products quickly, which increases the convenience of the consumers. A rapid shift towards a fast paced lifestyle, fueled by meteoric growth in urbanization around the world means that consumers prefer to carry out their tasks in the minimum possible time. An increase in E-retail platforms and globalization ensures convenience in purchasing goods from difference places, creating a need to track the movement of the product though the distribution channel. Asset tags therefore, are expected to be preferred by most retail stores and manufacturers. OEMs manufacture goods in millions, increasing the need for quicker identification of products for maintenance and repair. All these factors are expected to give the global asset tags market a push. Despite all the favorable conditions for the growth of the global asset tags market, certain factors are expected to act as restraints. These include an increasing trend among consumers to sell their products after a finite period of usage. Many second-hand buyers hesitate to take products that come with asset tags.

Global asset tags market: Segmentation

The global asset tags market is segmented as follows: -

Global asset tags market: Geographical and Competitive dynamics

North America, being a mature market, is expected to lead in the global asset tags market share, over the forecast period, while APEJ region is estimated to register the highest CAGR, owing to a larger consumer base, combined with higher number of retail stores than any other region. Western Europe is estimated to closely follow North America in terms of market share, but is expected to register lesser growth rate than most of the developing regions, owing to a mature consumer base and market. The Middle East and Japan markets are expected to grow over the forecast period, but are forecast to have a lesser growth rate than the APEJ region, owing to a greater number of emerging economies in APEJ. Latin America is also expected to register significant growth over the forecast period.

Key Players

Some of the major players in the global asset tags market include – Custom Labels, Alpha Signs, Brother International Corporation, Premier Holotech, Labels China, and AB&R

The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Competitive Positioning Matrix

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Average Selling Price (ASP) Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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On the basis of Raw Materials:

Metal Asset Tags
- For flat surfaces
- For curved surfaces
Plastic Asset Tags

On the basis of Label Type:

Barcode
Number

On the basis of size:

0.75" x 1.5"
0.75" x 2"
1.25" x 2"
0.5" x 1.25"
0.5" x 1.75"
0.625" x 1.75"
Others

On the basis of End Use:

Property ID tags
School barcodes
Hospitals
Churches
Anti-theft labels
Others

The global asset tags market is segmented on the basis of region as: -

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan
Middle East & Africa
Japan

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.