Global Barcode Label Printer Market is projected to exhibit a CAGR of 4.80% between 2017 and 2025
Barcode Printer is a printer designed to produce barcode labels which can be attached to other objects, which is used to print labels or tags directly on physical objects. Barcode label printers are used for printing barcodes and product labels. These printers are slightly different from traditional printers as these printers use various types of consumables to achieve a barcode print image. Barcode printers are specialty printers which enable the printing of barcode labels or tags that can be directly printed on or attached to physical objects.
Global Barcode Label Printer revenue market is valued at 1,959 million USD in 2017 and is expected to reach 2,572 million USD by the end of 2025, growing at a CAGR of 3.46% between 2017 and 2025. Global Barcode Label Printer sales volume is valued at 5.56 million Units in 2017 and is expected to reach 8.1 million Units by the end of 2025, growing at a CAGR of 4.80% between 2017 and 2025.
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Increased demand for barcode wristbands is expected to favorably impact market growth. Furthermore, the trend of mobile sales workforce carrying out on-field transactions has augmented the demand for mobile printers that are capable of connecting wirelessly to the organization’s network and printing receipts on the spot. APAC is the largest market segment of Barcode Label Printer, followed by Europe with a consumption market share nearly 25.47% in 2017.
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