Label Printer Market

Label Printer Market Outlook

The label printer market is anticipated to record a CAGR of 4.2% during the forecast period of 2022 to 2032. The total value of label printer market share is estimated at US$ 42 Billion in 2021 which is expected to reach a valuation of US$ 66 Billion by 2032.

Label printers are devices that create barcode labels or tags that may be printed directly on real things. Generating merchandise tags and identifiers is done with it and is recognized as the major factor for the sales of label printers in the market.

During shipping, a label printing machine can be used to create barcodes or tags for retail products, as well as to label containers with universal product numbers or European Article Numbers. The management advantages obtained by its use is identified as the main reason for such a higher demand for label printer in the shipping sector.

Label printers add ink to tags using heat dissipation or direct thermal processes. Within the most common types of end-use industries, higher sales of label printers are contributed by industry, workstation, and fresh commercial markets.

Organizations utilize mobile label printers to produce tickets, labels, and receipts at any time and at any location. This sector faced some major obstacles during the outbreak of the pandemic that also negatively impacted the label printer market trends indirectly. Growth in the live entertainment industry after the pandemic is expected to increase the sales of label printers in the coming years.

Low to medium volume labels and barcode bracelets are printed using desktop label printers. The demand for label printers in this segment is projected to remain moderate in the years ahead. Purchase labelling and stockroom labelling are two examples of high-volume uses for industrial label printers that have created a huge impact on the sales of label printers in the last few years.

Label printers are often used for storage in factories, which aids inventory control. In today's market for label printers, numerous technologies are available, which are divided into two categories: impact and non-impact approaches.

What are the Trending Opportunities for the Label Printer Market in the Coming Years

Increased use in organized retail for labelling products is expected to drive the sales of label printers over the forecast period. Label printers are also used in the healthcare sector for wristbands and tags that help with patient tracking and identification, surgical procedures and specimen labels. Surmounting requirement of managing huge patients in hospitals and medical institutions is expected to create a huge demand for label printers in this sector.

Furthermore, the workforce of the mobile market carrying out on-field transactions is expected to increase the demand for label printers that can be moved freely. An increase in the adoption of RFID offers many advantages over barcodes which are expected to pose a challenge to the industry for achieving higher sales of label printer in the coming days.

Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the demand for label printer in the regional markets around the world.

Ismail Sutaria

Principal Consultant

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Which is the Leading Region in the Label Printer Market

North America and EMEA are anticipated to dominate the label printer market share during the forecast period. Europe is expected to lead the regional market in sales of label printers and is expected to witness significant growth over the forecast period.

During the future projected year, Western Europe is anticipated to account for the noteworthy market demand for a label printer. Today’s technological advancement and product differentiation are some of the primary reasons for the growth in sales of label printers in the global market.

The Asia Pacific is expected to witness significant growth in sales of label printers during the forecast period due to huge investments by the industries in the retail sector. In addition, the development of production facilities is expected to increase the demand for label printers over the projected time frame.

In the Asia Pacific, china held the largest label printer market share and is recognized for a large number of production facilities paired with escalating orders from the shipping application segment. Overall, the demand for label printer in the present market is forecasted to enjoy a balanced growth.

Who are the Key Players in the Label Printer Market

Some of the players operating in the label printer market are Zebra Technology, Toshiba TEC Corporation, Shandong New Beiyang Information Technology Co., Ltd, Honeywell International Inc., TSC Auto ID Technology Co., Ltd, Citizen Systems Europe, Epson India Pvt Ltd, Brady Worldwide, Inc., DASCOM Americas SBI LLC, GoDEX, cab Produkttechnik GmbH & Co KG, Postek Electronics Co., Ltd., Wasp Barcode Technologies, and many more.

Many local and unorganized players are expected to contribute to the demand for label printer in the coming years owing to the expansion of e-commerce platforms for selling merchandise.

Major Developments in Label Printer Market

• Epson released its major product named ‘Just in Time’ label printing solution in the past years with its other colour labelling printers that features MicroPeizo inkjet technology. This strengthened the company presence in the global label printer market since then.

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