The global handheld tagging gun market is estimated to be valued at US$ 1,080.8 million in 2024. Global sales of handheld tagging guns will likely rise at a CAGR of 3.8% during the forecast period, totaling US$ 1,565.1 million by 2034.
The revenue generated by handheld tagging guns in 2023 was US$ 1,048.8 million and is anticipated to exhibit y-o-y growth of 3.1% in 2024. This can be attributed to rising usage of these tagging solutions across diverse industries.
Attributes | Key Insights |
---|---|
Base Market Value (2023) | US$ 1,048.8 million |
Estimated Handheld Tagging Gun Market Size (2024) | US$ 1,080.8 million |
Projected Handheld Tagging Gun Market Revenue (2034) | US$ 1,565.1 million |
Value CAGR (2024 to 2034) | 3.8% |
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Global handheld tagging gun sales increased at a CAGR of 1.4% during the historical period. It attained a valuation of US$ 1,048.8 million in 2023. Over the forecast period, the global market for handheld tagging guns is projected to expand at 3.8% CAGR.
The global retail industry has emerged as the most dynamic and fast-paced industry, and many players are entering the market. The way of shopping has undergone many changes in consumer behavior and shopping, thereby creating prospects for handheld tagging guns.
Labeling accuracy and efficiency are critical factors in the retail industry. The tagging guns allow retailers to attach the price tags to the products they sell quickly and efficiently and ensure they are correctly priced for display and sales.
Retailers have to deal with a lot of inventory, and handheld tagging guns can facilitate efficient inventory management as they allow labeling with barcodes, SKUs, etc. Proper labeling helps streamline the tracking, restocking, and order fulfillment process. These handheld tagging guns are an ideal solution for managing these things.
Growth of the retail industry will likely drive the demand for handheld tagging guns by addressing the unique challenges and requirements of retail operations. These tools contribute to operational efficiency, accurate pricing, and improved customer experiences, making them integral to the success of retail businesses.
The ever-expanding food and beverage industry is also contributing to fueling the growth of the handheld tagging gun market. Growing consumption and changing consumer habits are impacting the food and beverage industry's growth.
The need for efficient labeling, enhanced productivity, and compliance with regulations drives the demand for handheld tagging guns in the food and beverage industry. These guns help streamline operations across various supply chain segments, from production to retail.
Handheld labeling guns are used in the food industry to attach labels and tags for various applications. They can be accommodated anywhere, such as the home pantry and commercial kitchen.
Handheld tagging guns can be used for labeling foods with expiration dates, allergy warnings, and other health-related details, especially in the consumer food service business. Since the food and beverage industry is subjected to strict labeling regulations that ensure customer safety, usage of tags and labels is increasing, creating opportunities for handheld tagging guns.
Handheld tagging guns provide product traceability by labeling them with batch information, which is important for maintaining quality, product recalls, and regulatory information. These guns offer convenience in labeling delicate and perishable products without damaging sensitive products and are efficient in labeling varying weights and sizes.
Particular | Value CAGR |
---|---|
H1 | 3.3% (2023 to 2033) |
H2 | 4.2% (2023 to 2033) |
H1 | 3.2% (2024 to 2034) |
H2 | 4.4% (2024 to 2034) |
The section comprehensively evaluates the interrelated markets, including the global label applicator market and the labeling equipment industry. It highlights each market's distinctive characteristics, including their respective CAGRs, while delving into the key factors influencing their growth trajectories.
Global Handheld Tagging Gun Market Analysis:
Attributes | Global Handheld Tagging Gun Market Analysis |
---|---|
CAGR (2024 to 2034) | 3.8% |
Growth Factor | Expansion of the retail sector globally is expected to fuel growth of handheld tagging gun market. |
Retail Tagging Gun Trends | Growing prevalence of online shopping is a key growth-shaping trend. |
Global Label Applicator Market Analysis:
Attributes | Global Label Applicator Market Analysis |
---|---|
CAGR (2024 to 2034) | 4.3% |
Growth Factor | Rising consumer demand and rising production rates are expected to foster growth of the handheld label applicator market. |
Label Applicator Industry Trends | Growing need for accuracy, precision, and repeatability in label application on packaging is expected to fuel sales of automatic label applicators. |
Global Labeling Equipment Market Analysis:
Attributes | Global Labeling Equipment Market Analysis |
---|---|
CAGR (2024 to 2034) | 4.9% |
Growth Factor | Growing demand for accurate and high-speed labeling solutions and adoption of automation in the food & beverage industry are expected to propel labeling equipment sales. |
Labeling Equipment Market Trends | Rising consumer demand for greater product transparency and the proliferation of the e-commerce industry are key growth-shaping trends. |
The table below shows the anticipated growth rates of the top countries. India and China are set to record high CAGRs of 6.8% and 6.1%, respectively, through 2034.
Countries | Expected Handheld Tagging Gun Market Value (CAGR) |
---|---|
United States | 2.4% |
Canada | 4.1% |
Brazil | 2.9% |
Mexico | 4.3% |
Germany | 2.9% |
France | 3.1% |
United Kingdom | 1.0% |
China | 6.1% |
India | 6.8% |
Japan | 4.6% |
GCC Countries | 5.3% |
South Africa | 3.5% |
The United States handheld tagging gun market is poised to grow at a steady compound annual growth rate (CAGR) of 2.4% during the forecast period. This is attributable to increasing usage of handheld tagging guns in the thriving retail sector.
The retail sector has undergone enormous changes and accelerated its digital offerings by adapting to consumer demands. This has led to an increase in the demand for efficient inventory management, which is driving the adoption of handheld tagging guns.
The number of retail stores continues to rise across the United States, and the trend will likely continue through 2034. This, in turn, is expected to fuel sales of handheld tagging guns as they are increasingly used in retail stores for tagging labels.
Retail sales in the United States rose by 3.1% from US$ 5,402.3 billion in 2019 to US$ 5,570.4 billion in 2020, as per the USA Census Bureau’s 2020 Annual Retail Trade Survey (ARTS). These stats indicate growth opportunities that the nation can provide to handheld tagging gun manufacturers.
As per the latest analysis, India will likely emerge as the most lucrative market for handheld tagging gun manufacturing companies. This is due to expanding apparel & fashion industry in the nation.
Sales of handheld tagging guns in India are projected to rise at 6.8% CAGR throughout the assessment period. By 2034, India's handheld tagging gun market value is predicted to reach US$ 107.5 million.
The table section offers vital insights into leading segments in the handheld tagging gun industry. This can help companies maximize profits and stay ahead of the curve.
Based on application, the RFID labels segment is expected to dominate the global market, exhibiting a CAGR of 3.6% through 2034. By end-use, the retail segment will likely progress at a CAGR of 4.2%.
Application | Value CAGR (2024 to 2034) |
---|---|
RFID Labels | 3.6% |
Barcode Labels | 5.1% |
Handheld tagging guns are mostly used in attaching RFID labels across different sectors. As per the latest analysis, the RFID labels segment is expected to grow at 3.6% CAGR during the forecast period, reaching a valuation of US$ 540.9 million in 2034.
On the other hand, the barcode labels segment is poised to grow at a higher CAGR of 5.1% during the assessment period. This can be attributed to increasing adoption of barcode labels in manufacturing and retail sectors due to increased focus on digitalization.
End-use | Value CAGR (2024 to 2034) |
---|---|
Retail | 4.2% |
Warehouse & Logistics | 3.4% |
Based on end-use, the retail segment will continue to dominate the handheld tagging gun industry during the forecast period. The target segment is expected to grow at a steady CAGR of 4.2% from 2024 to 2034, driven by rising usage of handheld tagging guns in the retail sector.
Leading manufacturers of handheld tagging guns are focusing on developing ergonomic and user-friendly designs to differentiate their products. They are incorporating an intuitive interface, comfortable grips, lightweight construction, and add-on features to provide a positive user experience with improved efficiency and less operation fatigue.
New semi-automatic tagging guns with safety features like retractable needles, guards, and trigger locks are being continuously introduced into the market to meet evolving needs of customers.
Several handheld tagging gun companies are also employing strategies like distribution agreements, partnerships, mergers, and acquisitions to stay ahead of the competition.
Recent Developments in the Global Handheld Tagging Gun Market
Attribute | Details |
---|---|
Estimated Market Value (2024) | US$ 1,080.8 million |
Projected Market Size (2034) | US$ 1,565.1 million |
Anticipated Growth Rate (2024 to 2034) | 3.8% CAGR |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | Revenue in US$ million, Volume in Units, and CAGR from 2024 to 2034 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Key Regions Covered |
|
Key Companies Profiled |
|
The handheld tagging gun market size is estimated to reach US$ 1,080.8 million in 2024.
Global handheld tagging gun demand is set to grow at 3.8% CAGR through 2034.
The handheld tagging gun market value is anticipated to reach US$ 1,565.1 million in 2034.
Expansion of the retail sector is a key factor driving the target industry.
Avery Dennison Corporation, Brady Corporation and SATO Holdings Corporation.
Tagging guns are used to attach price tags or labels to products.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Future Market Insights (FMI) Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USP’s / Features 4.3. Strategic Promotional Strategies 4.4. Go-to-market Strategies 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Market Volume (Units) Analysis, 2019 to 2023 5.2. Current and Future Market Volume (Units) Projections, 2024 to 2034 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Country Wise Pricing Analysis By Mechanism 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023 7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Global Packaging Market Overview 8.2. In-house vs Contract Manufacturing Market Overview for Handheld Tagging Guns 8.3. Macro-Economic Factors 8.4. Forecast Factors - Relevance & Impact 8.5. Value Chain Analysis 8.5.1. Exhaustive List of Component/Parts Suppliers 8.5.2. Exhaustive List of Manufacturers 8.5.3. Exhaustive List of End Users /Customers 8.6. Case-based Scenario - Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 8.8. Supply Demand Analysis 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Mechanism 9.1. Historical Market Size (US$ million) and Volume (Units) Analysis, By Mechanism, 2019 to 2023 9.2. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Mechanism, 2024 to 2034 9.2.1. Semi-automatic Tagging Gun 9.2.2. Manual Tagging Gun 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Application, 2019 to 2023 10.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Application, 2024 to 2034 10.3.1. RFID Labels 10.3.2. Barcode Labels 10.3.3. Adhesive Labels 10.3.4. Pre-printed Labels 10.3.5. Other Labels 10.4. Market Attractiveness Analysis, By Application 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By End Use, 2019 to 2023 11.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By End Use, 2024 to 2034 11.3.1. Retail 11.3.2. Warehouse & Logistics 11.3.3. Manufacturing 11.3.3.1. Food & Beverage 11.3.3.2. Healthcare & Pharmaceutical 11.3.3.3. Apparel & Fashion 11.3.3.4. Others 11.4. Market Attractiveness Analysis, By End Use 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Region, 2019 to 2023 12.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Region, 2024 to 2034 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. Asia Pacific 12.3.5. Middle East and Africa 12.4. Market Attractiveness Analysis, By Region 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2019 to 2023 13.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. United States 13.3.1.2. Canada 13.3.1.3. Mexico 13.3.2. By Mechanism 13.3.3. By Application 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Mechanism 13.4.3. By Application 13.4.4. By End Use 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2019 to 2023 14.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Chile 14.3.1.3. Peru 14.3.1.4. Rest of Latin America 14.3.2. By Mechanism 14.3.3. By Application 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Mechanism 14.4.3. By Application 14.4.4. By End Use 15. Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2019 to 2023 15.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.1.4. India 15.3.1.5. Rest of Asia Pacific 15.3.2. By Mechanism 15.3.3. By Application 15.3.4. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Mechanism 15.4.3. By Application 15.4.4. By End Use 16. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2019 to 2023 16.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Germany 16.3.1.2. France 16.3.1.3. Spain 16.3.1.4. Italy 16.3.1.5. United Kingdom 16.3.1.6. BENELUX 16.3.1.7. Nordics 16.3.1.8. Rest of Europe 16.3.2. By Mechanism 16.3.3. By Application 16.3.4. By End Use 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Mechanism 16.4.3. By Application 16.4.4. By End Use 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ million) and Volume (Units) Analysis by Market Taxonomy, 2019 to 2023 17.3. Current Market Size (US$ million) and Volume (Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. Kingdom of Saudi Arabia 17.3.1.2. United Arab Emirates 17.3.1.3. Other GCC Countries 17.3.1.4. Turkiye 17.3.1.5. Israel 17.3.1.6. Egypt 17.3.1.7. South Africa 17.3.1.8. Rest of Middle East & Africa 17.3.2. By Mechanism 17.3.3. By Application 17.3.4. By End Use 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Mechanism 17.4.3. By Application 17.4.4. By End Use 18. Country wise Market Analysis 2024 to 2034 18.1. Pricing Analysis 18.2. Cross Section Analysis 18.3. United States Market Analysis 18.3.1. By Mechanism 18.3.2. By Application 18.3.3. By End Use 18.4. Canada Market Analysis 18.4.1. By Mechanism 18.4.2. By Application 18.4.3. By End Use 18.5. Brazil Market Analysis 18.5.1. By Mechanism 18.5.2. By Application 18.5.3. By End Use 18.6. Mexico Market Analysis 18.6.1. By Mechanism 18.6.2. By Application 18.6.3. By End Use 18.7. Germany Market Analysis 18.7.1. By Mechanism 18.7.2. By Application 18.7.3. By End Use 18.8. United Kingdom Market Analysis 18.8.1. By Mechanism 18.8.2. By Application 18.8.3. By End Use 18.9. Spain Market Analysis 18.9.1. By Mechanism 18.9.2. By Application 18.9.3. By End Use 18.10. France Market Analysis 18.10.1. By Mechanism 18.10.2. By Application 18.10.3. By End Use 18.11. China Market Analysis 18.11.1. By Mechanism 18.11.2. By Application 18.11.3. By End Use 18.12. Japan Market Analysis 18.12.1. By Mechanism 18.12.2. By Application 18.12.3. By End Use 18.13. India Market Analysis 18.13.1. By Mechanism 18.13.2. By Application 18.13.3. By End Use 18.14. Australia & New Zealand Market Analysis 18.14.1. By Mechanism 18.14.2. By Application 18.14.3. By End Use 18.15. GCC Countries Market Analysis 18.15.1. By Mechanism 18.15.2. By Application 18.15.3. By End Use 18.16. South Africa Market Analysis 18.16.1. By Mechanism 18.16.2. By Application 18.16.3. By End Use 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Share Analysis of Top Players 19.3. Market Presence Analysis 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive/ Portfolio Analysis (Global Based/Operating Key Market Players) 20.3.1. Avery Dennison Corporation 20.3.1.1. Overview 20.3.1.2. Financials 20.3.1.3. Strategy 20.3.1.4. Recent Developments 20.3.1.5. SWOT Analysis 20.3.2. SATO America 20.3.3. Brady Corporation 20.3.4. Healthmark Industries Company, Inc. 20.3.5. Meto International GmbH 20.3.6. Garvey Applications 20.3.7. START International 20.3.8. Motex Applications Co. Ltd. 20.3.9. Towa Seiko Co. Ltd. 20.3.10. DayMark Safety Systems 20.3.11. Lotus Labels 20.3.12. HALCO Europe 20.3.13. JAY GROUP OF COMPANIES 20.3.14. Hardy Diagnostics 20.3.15. Weber Packaging Solutions *The above list is indicative in nature and is subject to change during the course of research 21. Assumptions and Acronyms Used 22. Research Methodology
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