Market Research Report Store RFID and Barcode Printer Market
"RFID and Barcode Printer Market expecting to reach USD 4.81 billion by 2022– Market
Research Report Store" published in May 2017. It is a professional and in-depth study.
Summary
Market Research Report Store announces a new report"RFID and Barcode Printer Market"added
to its database.The RFID and barcode printer market is expected to grow at a CAGR of 5.7% between
2017 and 2022 to reach USD 4.81 billion by 2022. The key driving factors for the growth of this
market include the growth of the e-commerce industry; rising demand for extracting data in various
manufacturing, retail, transportation and logistics industries.
Detailed TOC Of Report @
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ustrial-desktop-mobile-technology-thermal-transfer-direct-thermal-inkjet-resolution-below-300-
dpi-301-600-connectivity-industry-manufacturing
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“Industrial printers to dominate the RFID and barcode printer market during the forecast
period”
Industrial printers held the largest size of the RFID and barcode printer market in 2016. Industrial
printers in manufacturing industry are used for applications such as address labels, apparel tagging,
apparel tags, asset tracking, automotive labeling, incoming goods labeling, item identification. Logistic
tracking, pallet labeling, paper/pulp labeling, price labeling, price ticketing, product and service
information, and product fact tags are the applications in which these printers are used to print the
labels and tags in the manufacturing industry. Industrial printers are expected to hold the largest size of
this market during the forecast period due to the increasing demand in developing countries and the
need for real-time information pertaining to the exact location of other assets.
“Manufacturing industry to hold a major share of the RFID and barcode printer market during
the forecast period”
The market for the manufacturing industry is expected to grow at a high rate between 2017 and 2022.
RFID and barcode printers are being used in the manufacturing industry in applications such as
automated inspection and identification in production process using barcode labels and tags. Labels and
tags used in the manufacturing industry to manage the asset life cycle cost and increase the life cycle of
an equipment as well as reliability. Industrial barcode printers in the manufacturing industry are
commonly used to print labels and tags used for track and trace applications and workflow
optimization.