The global in-counter barcode scanners market size is expected to be valued at USD 2,194.5 Million in 2022. With growing penetration of e-commerce and simplification of payment routes, coupled with streamlining of warehouse inventory and growing presence in public distribution systems, are factors for overall demand for in-counter barcode scanners is projected to grow at a CAGR of 7.7% between 2022 and 2032, totaling around USD 4,587.9 Million by 2032.
Data Points | Key Statistics |
---|---|
In-counter barcode scanners Market Value 2022 | USD 2194.5 Million |
In-counter barcode scanners Market Projected Value (2032) | USD 4587.9 Million |
In-counter barcode scanners Market CAGR (2022 to 2032) | 7.7% |
In-Counter Barcode Scanners Market growth is on an upswing with almost all retail outlets employing bar-code scanners in authenticating sales of products purchased. Almost all products carry nowadays the bar code on them, are printed on them, and are read or scanned by bar-code scanners. Thus there is no dearth of in-counter bar-code scanners in retail outlets which amply bolsters product growth.
The growth of the best QR code scanner is also promptly ascertained with its state-of-the-art features and appended technological features that act in favor of the product.
There is a spate of improvements taking place on the product front in favor of bar-code scanners that keep it abreast of supply and product tracking thus adding to its popularity. Almost all products coming into the market have barcodes printed on them, paving the way for scanners to do the rest. With mobile penetration, the bar-code scanners make the check-out process acutely simple and hence are on a fast track to growth.
Today, in-counter barcode scanners are being heavily depended on for recording and managing product information without making any major manual effort. In-counter barcode scanners are also used to make quick check-outs at cash counters, for easy and precise account keeping, and for better inventory control for manufacturers and retailers.
The escalating need for reducing human errors in terms of keeping track of the inventory may serve as an important growth factor for the barcode readers market.
Public Distribution Systems are orienting at a fast growth rate in the in-counter barcode scanners market
The fast emerging technologies in the public distribution system are the primary growth drivers in the in-counter bar-code scanners market. Public distribution systems across various countries are also implementing barcode readers, thus boosting the growth prospects of the barcode readers market. A paramount growth factor for industries to rely on handheld scanners in remote settings is fuelling product development.
With the logistics arm of many multinational service providers working in the foreground, the growth of the in-counter bar code scanners market takes on immense proportions. In this errors are minimized grossly, and product inventory is on-track with infinite time savings, thus giving to the growth of the in-counter barcode scanners market.
The flourishing e-commerce sector may also enjoy expansive growth opportunities for the barcode readers market. Penetration of advanced technology such as AI (Artificial Intelligence) may help the barcode readers market to harness surplus growth
The significant cost of in-counter barcode scanners deterrent to market growth
The cost of in-counter barcode scanners does not help the growth of the market which acts as a market restraint coupled with its immobility, which makes a dent in the progress of the in-counter barcode scanners market. Furthermore, the lack of awareness among a considerable populace is also a prominent growth obstacle that may dampen the growth of the barcode readers market.
Any task from point of sale to backroom inventory is streamlined when associates have full-shift battery power, can read multiple codes at once, and are provided actionable insights to resolve issues faster. Scale this new scanning experience easily with remote fleet management and ongoing support from experts in the field.
The growing preference for online shopping and the concurrent growth in e-commerce and logistics is expected to drive the growth of the market.
Businesses in several industries and industry verticals, including retail and manufacturing, are steadfastly using barcodes and allied systems to keep a check on inventory and follow individual products or product batches remotely in a large facility. Thus, a barcode scanner becomes a vital component for decoding and interpreting the data stored by the barcode. Barcode scanners ensure transparent inventory control management with accuracy paramount.
North American adoption of Public distribution system is rapid and instrumental to the growth
On a geographic basis, North America will be the largest market for In-counter barcode scanners market due to the rapid adoption of advanced technologies in the public distribution system.
E-commerce growth in North America has a robust flavor, particularly in the USA, due to a large number of Internet-abound shoppers there, as well as the world's prolific technical experts. The North American e-commerce boom has experienced an unprecedented level of funding, available from a variety of sources. Moreover, many analysts believed that the time savings offered by shopping online appealed to USA residents, who were considered more time conscious than individuals in other parts of the world, such as Europe or Asia.
Europe's e-commerce industry growing at a fearsome pace to stake a claim in the in-counter barcode scanners market
Europe’s e-commerce industry is expanding at a fiery pace. Business to Business (B2B) dominated the e-commerce growth industry in Europe in terms of revenue in 2019, with an enormous share in the range of 60 to 70 % percent, and is predicted to grow at the quickest rate in the forecast period.
This can be due to businesses' increasing preference for online selling and purchasing of goods and services. Furthermore, the B2B e-commerce segment is expected to be driven by increased smartphone adoption and internet usage over the projection period. This provides explosive growth for the in-counter barcode scanners market.
Banks and other e-commerce businesses are mandating a safe and secure online platform for customers to transact with a payment gateway. In order to enable sellers and customers to trade online, market players are focusing on making innovative improvements to their business modules. The market's top retailers are attempting to supplement their traditional selling with e-commerce by partnering with other significant e-commerce companies. This brings the in-counter barcode scanners market into significant growth.
Warehousing segment to display linear growth in the industry with importance to streamlining of processes
The warehousing segment in the in-counter barcode scanner industry is expected to post impressive figures in its development. Even the smallest of retail companies will need to rely on the technology of some kind to streamline their warehouse processes. The larger you grow - and the faster the rate - the more vital your technology stack becomes.
Depending on your individual needs, you’ll likely want to invest in some level of heavy-duty equipment and machinery to better enable your warehouse team to physically move, store, and deliver products. As your inventory grows - and your warehouse processes grow more complex - you’ll also want to invest in technology that allows you to easily track your products from receipt to delivery. Here the in-counter barcode scanner has a large role to play.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
In Jul 2022, Socket Mobile Announces SocketScan S720, Linear Barcode Plus QR Code Reader. Socket Mobile, Inc. a leading provider of data capture and delivery solutions designed to streamline workplace productivity, is excited to announce the launch of their linear barcode and QR code reader, SocketScan S720. Socket Mobile is continuously inventing to provide data capture solutions that meet or expect altering market needs.
The prominent players in the In-counter barcode scanners market are Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, SATO Holdings Corporation, Toshiba TEC Corporation, Wasp Barcode Technologies, Datalogic S.P.A, Scandit AG, and others.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 6.5% from 2022 to 2032 |
Market Value in 2022 | USD 2194.5 Million |
Market Value in 2032 | USD 4587.9 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Vertical, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, China, India, Japan, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Honeywell International Inc.; Zebra Technologies Corporation; Cognex Corporation; SATO Holdings Corporation; Toshiba TEC Corporation; Wasp Barcode Technologies; Datalogic S.P.A; Scandit AG |
Table 1: Global Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 2: Global Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 3: Global Market Value (Million) Analysis, 2022 to 2032
Table 4: Global Market Value (Million) Analysis, 2022 to 2032
Table 5: Global Market Value (Million) Forecast, by Region, 2022 to 2032
Table 6: Global Market Value (Million) Forecast, by Region, 2022 to 2032
Table 7: North America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 8: North America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 9: North America Market Value (Million) Analysis, 2022 to 2032
Table 10: North America Market Value (Million) Analysis, 2022 to 2032
Table 11: North America Market Value (Million) Forecast, by Country, 2022 to 2032
Table 12: North America Market Value (Million) Forecast, by Country, 2022 to 2032
Table 13: United States of America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 14: United States of America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 15: United States of America Market Value (Million) Analysis, 2022 to 2032
Table 16: United States of America Market Value (Million) Analysis, 2022 to 2032
Table 17: Canada Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 18: Canada Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 19: Canada Market Value (Million) Analysis, 2022 to 2032
Table 20: Canada Market Value (Million) Analysis, 2022 to 2032
Table 21: Europe Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 22: Europe Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 23: Europe Market Value (Million) Analysis, 2022 to 2032
Table 24: Europe Market Value (Million) Analysis, 2022 to 2032
Table 25: Europe Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 26: Europe Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 27: Germany Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 28: Germany Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 29: Germany Market Value (Million) Analysis, 2022 to 2032
Table 30: Germany Market Value (Million) Analysis, 2022 to 2032
Table 31: United Kingdom Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 32: United Kingdom Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 33: United Kingdom Market Value (Million) Analysis, 2022 to 2032
Table 34: United Kingdom Market Value (Million) Analysis, 2022 to 2032
Table 35: France Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 36: France Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 37: France Market Value (Million) Analysis, 2022 to 2032
Table 38: France Market Value (Million) Analysis, 2022 to 2032
Table 39: Italy Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 40: Italy Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 41: Italy Market Value (Million) Analysis, 2022 to 2032
Table 42: Italy Market Value (Million) Analysis, 2022 to 2032
Table 43: Spain Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 44: Spain Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 45: Spain Market Value (Million) Analysis, 2022 to 2032
Table 46: Spain Market Value (Million) Analysis, 2022 to 2032
Table 47: Russia & CIS Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 48: Russia & CIS Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 49: Russia & CIS Market Value (Million) Analysis, 2022 to 2032
Table 50: Russia & CIS Market Value (Million) Analysis, 2022 to 2032
Table 51: Rest of Europe Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 52: Rest of Europe Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 53: Rest of Europe Market Value (Million) Analysis, 2022 to 2032
Table 54: Rest of Europe Market Value (Million) Analysis, 2022 to 2032
Table 55: Asia Pacific Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 56: Asia Pacific Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 57: Asia Pacific Market Value (Million) Analysis, 2022 to 2032
Table 58: Asia Pacific Market Value (Million) Analysis, 2022 to 2032
Table 59: Asia Pacific Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 60: Asia Pacific Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 61: China Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 62: China Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 63: China Market Value (Million) Analysis, 2022 to 2032
Table 64: China Market Value (Million) Analysis, 2022 to 2032
Table 65: Japan Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 66: Japan Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 67: Japan Market Value (Million) Analysis, 2022 to 2032
Table 68: Japan Market Value (Million) Analysis, 2022 to 2032
Table 69: India Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 70: India Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 71: India Market Value (Million) Analysis, 2022 to 2032
Table 72: India Market Value (Million) Analysis, 2022 to 2032
Table 73: ASEAN Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 74: ASEAN Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 75: ASEAN Market Value (Million) Analysis, 2022 to 2032
Table 76: ASEAN Market Value (Million) Analysis, 2022 to 2032
Table 77: Rest of Asia Pacific Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 78: Rest of Asia Pacific Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 79: Rest of Asia Pacific Market Value (Million) Analysis, 2022 to 2032
Table 80: Rest of Asia Pacific Market Value (Million) Analysis, 2022 to 2032
Table 81: Latin America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 82: Latin America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 83: Latin America Market Value (Million) Analysis, 2022 to 2032
Table 84: Latin America Market Value (Million) Analysis, 2022 to 2032
Table 85: Latin America Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 86: Latin America Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 87: Brazil Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 88: Brazil Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 89: Brazil Market Value (Million) Analysis, 2022 to 2032
Table 90: Brazil Market Value (Million) Analysis, 2022 to 2032
Table 91: Mexico Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 92: Mexico Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 93: Mexico Market Value (Million) Analysis, 2022 to 2032
Table 94: Mexico Market Value (Million) Analysis, 2022 to 2032
Table 95: Rest of Latin America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 96: Rest of Latin America Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 97: Rest of Latin America Market Value (Million) Analysis, 2022 to 2032
Table 98: Rest of Latin America Market Value (Million) Analysis, 2022 to 2032
Table 99: Middle East & Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 100: Middle East & Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 101: Middle East & Africa Market Value (Million) Analysis, 2022 to 2032
Table 102: Middle East & Africa Market Value (Million) Analysis, 2022 to 2032
Table 103: Middle East & Africa Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 104: Middle East & Africa Market Value (Million) Forecast, by Country and Sub-region, 2022 to 2032
Table 105: GCC Countries Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 106: GCC Countries Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 107: GCC Countries Market Value (Million) Analysis, 2022 to 2032
Table 108: GCC Countries Market Value (Million) Analysis, 2022 to 2032
Table 109: South Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 110: South Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 111: South Africa Market Value (Million) Analysis, 2022 to 2032
Table 112: South Africa Market Value (Million) Analysis, 2022 to 2032
Table 113: Rest of Middle East & Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 114: Rest of Middle East & Africa Market Value (Million) Forecast, by Vertical, 2022 to 2032
Table 115: Rest of Middle East & Africa Market Value (Million) Analysis, 2022 to 2032
Table 116: Rest of Middle East & Africa Market Value (Million) Analysis, 2022 to 2032
Figure 1: Global Market Price Trend, by Region, 2022 to 2032 (US$/Ton)
Figure 2: Global Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 3: Global Market Attractiveness, by Vertical
Figure 4: Global Market Value Share, Analysis, 2020, 2026, and 2031
Figure 5: Global Market Attractiveness, Analysis
Figure 6: Global Market Value Share, by Region, 2020, 2026, and 2031
Figure 7: Global Market Attractiveness, by Region
Figure 8: North America Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 9: North America Market Attractiveness, by Vertical
Figure 10: North America Market Value Share, Analysis, 2020, 2026, and 2031
Figure 11: North America Market Attractiveness, Analysis
Figure 12: North America Market Value Share, by Country, 2020, 2026, and 2031
Figure 13: North America Market Attractiveness, by Country
Figure 14: Europe Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 15: Europe Market Attractiveness, by Vertical
Figure 16: Europe Market Value Share, Analysis, 2020, 2026, and 2031
Figure 17: Europe Market Attractiveness, Analysis
Figure 18: Europe Market Value Share, by Country and Sub-region, 2020, 2026, and 2031
Figure 19: Europe Market Attractiveness, by Country and Sub-region
Figure 20: Asia Pacific Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 21: Asia Pacific Market Attractiveness, by Vertical
Figure 22: Asia Pacific Market Value Share, Analysis, 2020, 2026, and 2031
Figure 23: Asia Pacific Market Attractiveness, Analysis
Figure 24: Asia Pacific Market Value Share, by Country and Sub-region, 2020, 2026, and 2031
Figure 25: Asia Pacific Market Attractiveness, by Country and Sub-region
Figure 26: Latin America Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 27: Latin America Market Attractiveness, by Vertical
Figure 28: Latin America Market Value Share, Analysis, 2020, 2026, and 2031
Figure 29: Latin America Market Attractiveness, Analysis
Figure 30: Latin America Market Value Share, by Country and Sub-region, 2020, 2026, and 2031
Figure 31: Latin America Market Attractiveness, by Country and Sub-region
Figure 32: Middle East & Africa Market Value Share, by Vertical, 2020, 2026, and 2031
Figure 33: Middle East & Africa Market Attractiveness, by Vertical
Figure 34: Middle East & Africa Market Value Share, Analysis, 2020, 2026, and 2031
Figure 35: Middle East & Africa Market Attractiveness, Analysis
Figure 36: Middle East & Africa Market Value Share, by Country and Sub-region, 2020, 2026, and 2031
Figure 37: Middle East & Africa Market Attractiveness, by Country and Sub-region
Figure 38: Global Market Share Analysis, by Company, 2020
As of 2022, the in-counter barcode scanners market is slated to reach a valuation of USD 2194.5 Million
From 2022 to 2032, sales of in-counter barcode scanners are expected to grow at a 6.5% CAGR
By 2032, Future Market Insights expects the in-counter barcode scanners market to reach USD 4587.9 Million
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.