The global handheld tagging gun market is estimated to be valued at USD 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 USD 1,565.1 million by 2034.
The revenue generated by handheld tagging guns in 2023 was USD 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) | USD 1,048.8 million |
Estimated Handheld Tagging Gun Market Size (2024) | USD 1,080.8 million |
Projected Handheld Tagging Gun Market Revenue (2034) | USD 1,565.1 million |
Value CAGR (2024 to 2034) | 3.8% |
Global handheld tagging gun sales increased at a CAGR of 1.4% during the historical period. It attained a valuation of USD 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.
Expansion of Retail Sector Driving Demand for Handheld Tagging Guns
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.
Rapidly Growing Food and Beverage Industry Contributing to Market Growth
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 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 USD 5,402.3 billion in 2019 to USD 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 USD 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 USD 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) | USD 1,080.8 million |
Projected Market Size (2034) | USD 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 USD 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 | Mechanism, Application, End Use, Region |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Companies Profiled | Avery Dennison Corporation; SATO Holdings Corporation; Brady Corporation; Healthmark Industries Company, Inc.; Meto International GmbH; Garvey Applications; START International; Motex Applications Co. Ltd.; Towa Seiko Co. Ltd.; DayMark Safety Systems; Lotus Labels; HALCO Europe; JAY GROUP OF COMPANIES; Hardy Diagnostics; Weber Packaging Solutions |
Table 01: Global Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 02: Global Market Volume (Units) By Mechanism, 2019H to 2034F
Table 03: Global Market Value (US$ million) by Application, 2019H to 2034F
Table 04: Global Market Volume (Units) by Application, 2019H to 2034F
Table 05: Global Market Value (US$ million) by End Use, 2019H to 2034F
Table 06: Global Market Value (US$ million) by End Use, 2019H to 2034F
Table 07: Global Market Volume (Units) by End Use, 2019H to 2034F
Table 08: Global Market Volume (Units) by End Use, 2019H to 2034F
Table 09: Global Market Value (US$ million) by Region, 2019H to 2034F
Table 10: Global Market Volume (Units) by Region, 2019H to 2034F
Table 11: North America Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 12: North America Market Volume (Units) By Mechanism, 2019H to 2034F
Table 13: North America Market Value (US$ million) by Application, 2019H to 2034F
Table 14: North America Market Volume (Units) by Application, 2019H to 2034F
Table 15: North America Market Value (US$ million) by End Use, 2019H to 2034F
Table 16: North America Market Value (US$ million) by End Use, 2019H to 2034F
Table 17: North America Market Volume (Units) by End Use, 2019H to 2034F
Table 18: North America Market Volume (Units) by End Use, 2019H to 2034F
Table 19: North America Market Value (US$ million) by Country, 2019H to 2034F
Table 20: North America Market Volume (Units) by Country, 2019H to 2034F
Table 21: Latin America Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 22: Latin America Market Volume (Units) By Mechanism, 2019H to 2034F
Table 23: Latin America Market Value (US$ million) by Application, 2019H to 2034F
Table 24: Latin America Market Volume (Units) by Application, 2019H to 2034F
Table 25: Latin America Market Value (US$ million) by End Use, 2019H to 2034F
Table 26: Latin America Market Value (US$ million) by End Use, 2019H to 2034F
Table 27: Latin America Market Volume (Units) by End Use, 2019H to 2034F
Table 28: Latin America Market Volume (Units) by End Use, 2019H to 2034F
Table 29: Latin America Market Value (US$ million) by Country, 2019H to 2034F
Table 30: Latin America Market Volume (Units) by Country, 2019H to 2034F
Table 31: Asia Pacific Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 32: Asia Pacific Market Volume (Units) By Mechanism, 2019H to 2034F
Table 33: Asia Pacific Market Value (US$ million) by Application, 2019H to 2034F
Table 34: Asia Pacific Market Volume (Units) by Application, 2019H to 2034F
Table 35: Asia Pacific Market Value (US$ million) by End Use, 2019H to 2034F
Table 36: Asia Pacific Market Value (US$ million) by End Use, 2019H to 2034F
Table 37: Asia Pacific Market Volume (Units) by End Use, 2019H to 2034F
Table 38: Asia Pacific Market Volume (Units) by End Use, 2019H to 2034F
Table 39: Asia Pacific Market Value (US$ million) by Country, 2019H to 2034F
Table 40: Asia Pacific Market Volume (Units) by Country, 2019H to 2034F
Table 41: Europe Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 42: Europe Market Volume (Units) By Mechanism, 2019H to 2034F
Table 43: Europe Market Value (US$ million) by Application, 2019H to 2034F
Table 44: Europe Market Volume (Units) by Application, 2019H to 2034F
Table 45: Europe Market Value (US$ million) by End Use, 2019H to 2034F
Table 46: Europe Market Volume (Units) by End Use, 2019H to 2034F
Table 47: Europe Market Value (US$ million) by Country, 2019H to 2034F
Table 48: Europe Market Volume (Units) by Country, 2019H to 2034F
Table 49: Middle East & Africa Market Value (US$ million) By Mechanism, 2019H to 2034F
Table 50: Middle East & Africa Market Volume (Units) By Mechanism, 2019H to 2034F
Table 51: Middle East & Africa Market Value (US$ million) by Application, 2019H to 2034F
Table 52: Middle East & Africa Market Volume (Units) by Application, 2019H to 2034F
Table 53: Middle East & Africa Market Value (US$ million) by End Use, 2019H to 2034F
Table 54: Middle East & Africa Market Volume (Units) by End Use, 2019H to 2034F
Table 55: Middle East & Africa Market Value (US$ million) by Country, 2019H to 2034F
Table 56: Middle East & Africa Market Volume (Units) by Country, 2019H to 2034F
Figure 01: Global Market Share Analysis, by Mechanism, 2024E to 2034F
Figure 02: Global Market Y-o-Y Analysis, by Mechanism, 2019H to 2034F
Figure 03: Global Market Attractiveness Analysis, by Mechanism, 2024E to 2034F
Figure 04: Global Market Share Analysis, by Application, 2024E to 2034F
Figure 05: Global Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 06: Global Market Attractiveness Analysis, by Application, 2024E to 2034F
Figure 07: Global Market Share Analysis, by End Use, 2024E to 2034F
Figure 08: Global Market Y-o-Y Analysis, by End Use, 2019H to 2034F
Figure 09: Global Market Attractiveness Analysis, by End Use, 2024E to 2034F
Figure 10: Global Market Share Analysis, by Region, 2024E to 2034F
Figure 11: Global Market Y-o-Y Analysis, by Region, 2019H to 2034F
Figure 12: Global Market Attractiveness Analysis, by Region, 2024E to 2034F
Figure 13: North America Market Attractiveness Analysis, By Mechanism, 2024E to 2034F
Figure 14: North America Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 15: North America Market Value Share Analysis, by End Use 2019H to 2034F
Figure 16: North America Market Share Analysis, by Country, 2024E to 2034F
Figure 17: Latin America Market Y-o-Y Analysis, By Mechanism, 2019H to 2034F
Figure 18: Latin America Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 19: Latin America Market Value Share Analysis, by End Use 2019H to 2034F
Figure 20: Latin America Market Share Analysis, by Country, 2024E to 2034F
Figure 21: Asia Pacific Market Y-o-Y Analysis, By Mechanism, 2019H to 2034F
Figure 22: Asia Pacific Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 23: Asia Pacific Market Value Share Analysis, by End Use 2019H to 2034F
Figure 24: Asia Pacific Market Share Analysis, by Country, 2024E to 2034F
Figure 25: Europe Market Y-o-Y Analysis, By Mechanism, 2019H to 2034F
Figure 26: Europe Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 27: Europe Market Value Share Analysis, by End Use 2019H to 2034F
Figure 28: Europe Market Y-o-Y Analysis, by Country, 2019H to 2034F
Figure 29: Middle East & Africa Market Y-o-Y Analysis, By Mechanism, 2019H to 2034F
Figure 30: Middle East & Africa Market Y-o-Y Analysis, by Application, 2019H to 2034F
Figure 31: Middle East & Africa Market Y-o-Y Analysis, By End Use, 2019H to 2034F
Figure 32: Middle East & Africa Market Y-o-Y Analysis, by Country, 2019H to 2034F
The handheld tagging gun market size is estimated to reach USD 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 USD 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.
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