The global label printers market is poised for substantial growth, with an anticipated size of US$ 513.3 million in 2023, projected to expand at a steady 3.9% CAGR between 2023 and 2033. This trajectory is expected to elevate label printer sales to a significant valuation of US$ 752.6 million by 2033. The upsurge in adoption across various end-use sectors like manufacturing, transportation, logistics, and retail serves as a pivotal driver for the global demand for label printers.
Within the manufacturing industry, the need for user-friendly and efficient label printing tools is boosting the demand for desktop and mobile/portable printers. This trend is set to underpin the growth of these segments, accounting for approximately 74% of the global market by the end of the forecast period.
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Future Market Insights predicts a substantial incremental growth opportunity of US$257.6 million for the global label printers industry during the forecast period. The market landscape is currently characterized by the top 5 companies collectively holding around 15-20% of the market share in 2022.
The growing requirement for printing machinery is expected to drive demand for label printers, leading to an industry expansion reaching 1.5 times the current market value during the forecast period. Label printers offer a specialized solution for quickly producing labels, enhancing productivity across various sectors like supply chain management, packaging, retail, and more. These printers provide high print quality and rapid turnaround times, contributing to their widespread adoption and application diversity.
Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on physical objects. Label printers are used for printing product labels and printing barcodes. Label printer machine is used to make barcode or tags for retail items or label cartons with universal product codes or European Article Numbers before shipment. The label printers are also used for printing barcodes on wristbands which are used for personal identification in hospitals or any events. Label printers use thermal transfer or direct thermal techniques to apply ink to the tags.
Key Players:
- SATO Agrox India Pvt. Ltd.
- Zebra Technologies Co.
- Canon Fintech Nisca
- Brother Industries Ltd.
- Agrox Information Co. Ltd.
- TSC Printronix Auto ID
- Bixolon Co. ltd.
- iDPRT ( XIAMEN HANIN ELECTRONIC TECHNOLOGY CO., LTD.)
- NeuraLabel
- Maxusa Crop.
- Oki Europe Ltd.
- Aimotech Co.
- Epson Canada Ltd.
- Swiftcolor Co.
- Primera Technology, Inc.
- Seiko Instruments GmbH
- Isys label
- Toshiba America Business Solutions, Inc.
- VIPColor Technologies Pt Ltd.
- Afinia Label
Competitive Landscape
Key label printer companies are focusing on expanding their product portfolio as well as increasing their production capacity. They are also adopting inorganic strategies such as mergers, acquisitions, partnerships, collaborations, and strengthening distribution channels to gain a competitive edge in the market. Some of the latest developments are as follows –
- In November 2022, SATO introduced S84/86NX smart print engines for labeling automation which will help the company expand its market reach in Southeast Asia.
- In February 2021, Afinia Label, a prominent manufacturer and supplier of industrial color label printing and label finishing equipment, announced a deal to buy JG Special Products’ Printing Innovation assets.
- In March 2021, TSC Printronix Auto ID launched a thermal barcode label printer that can print and encode radio frequency identification (RFID) labels in a single pass while also inspecting ISO quality standards.
- In 2022, Epson launched its first lightweight and portable label printers (LabelWorks LW-C610 and LW-C40) specifically for crafters and the home.
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Label Printers Industry by Category
By Printer Type:
- Industrial
- Desktop
- Mobile/Portable
By Technology:
- Thermal
- Direct
- Inkjet
- Laser
By End Use:
- Manufacturing
- Warehousing
- Retail
- Transportation & Logistics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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