Global RFID and Barcode Printer Market (2021 to 2026) - Growing Use of RFID and Barcode Printers in Supply Chain Industry Presents Opportunities
DUBLIN, June 14, 2021 /PRNewswire/ -- The "Global RFID and Barcode Printer Market with COVID-19 Impact Analysis by Printer Type, Format Type (Industrial Printers, Desktop Printers, Mobile Printers), Printing Technology, Printing Resolution, Application, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global RFID and barcode printer market size was valued at USD 3.9 billion in 2021 and is projected to reach USD 5.3 billion by 2026. It is expected to grow at a CAGR of 6.4% during the forecast period.
The RFID printers segment of the RFID and barcode printer market for retail is projected to grow at a higher CAGR than the barcode printers segment from 2021 to 2026. The increasing adoption of RFID printers in garment tagging applications and gaining inventory visibility, as well as for retrieving information about in-store activities, are key contributors to the growth of the RFID and barcode printer market in retail. The demand for RFID and barcode printers is significant in the retail sector.
One of the key factors for this high demand is the requirement of maintaining data by tracking inventories through barcodes and RFID tags. Printers are used to print these tags at significantly low costs. They also print rugged and reliable labels, which can withstand all challenging conditions such as abrasion, moisture, and extreme temperatures. Moreover, the inclination of companies toward retailing and the growth potential of the e-commerce business across the world are further expected to fuel the growth of the RFID and barcode printer market.
3 Executive Summary
7 Different Connectivity Types of RFID and Barcode Printers
8 RFID and Barcode Printer Market, by Printing Technology
11 RFID and Barcode Printer Market, by Application
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