The adoption rate of barcode |
Printers Market Forecast & |
technology in India is growing at a |
Opportunities, 2017” the revenues of |
healthy rate making the industry more |
the barcode industry in India are likely |
attractive day-by-day. The advantages |
to grow at a whooping CAGR of around |
such as better inventory management, |
30 % during the period 2011-2017. The |
reduction in time consumption to |
foreign players like Motorola, |
process transactions, ability to track the |
Honeywell, Datalogic and Argox are the |
raw materials and finished goods, etc. |
major players in the barcode scanners |
has increased the acceptance among |
segments and together they had |
the various industries in India. Other |
captured more over 75 % of the market |
factors boosting the growth are |
share in 2011. While the players like |
standardization of barcode usage |
Citizen, Zebra, etc. are dominating in |
norms, growth in organized retail, |
the barcode printers market in India. |
increasing demand from industries like |
The lack of presence of domestic |
pharmaceuticals and logistics, |
players in the barcode industry has |
utilization of barcode technology in |
helped the foreign players in a |
large scale government projects, etc. |
significant manner. |
Expanding organized retail sector |
usage of barcode scanners and printers. |
coupled with growing need for efficient |
Zebra Technologies, Honeywell, SATO, |
warehousing & logistics to drive India |
and TVS Electronics are few of the |
barcode scanners & printers market. |
leading players of India’ s barcode |
According to recently released TechSci |
scanners and printers market that |
Research report,“ India Barcode |
operate through their respective |
Scanners and Printers Market Forecast |
distributor and dealer networks in the |
and Opportunities, 2020”, barcode |
country. In 2014, the country’ s northern |
scanners and printers market in India is |
and southern regions collectively |
forecast to register a CAGR of around |
accounted for a majority share of the |
19 % during 2015 – 2020. This robust |
barcode scanners and printers market, |
growth in the country’ s barcode |
and this trend is expected to continue |
scanners and printers market is |
over next five years. Growing number of |
expected to take place on account of |
multinational logistics service providers |
expanding business of E-commerce |
is one of the major factors expected to |
companies coupled with increasing |
significantly contribute to the growth of |
government focus on projects such as |
barcode scanners and printers market |
digitization of Public Distribution |
in India. |
System( PDS) and using barcode technology for issuing ration cards and driving licenses. The usage of barcode scanners and printers is growing across various sectors such as automotive, pharmaceutical and healthcare, E- commerce and retail, warehousing and logistics, etc. In recent years, processes related to modernization of assembly lines, and inventory management in warehouses have also catalysed the |
“ The barcode scanners and printers market has witnessed some market consolidation over the last few years as the leading industry players have been increasing their focus on horizontal integration to achieve economies of scale and strengthen their product portfolio”, said Mr. Karan Chechi,
Research Director with TechSci
Research, a research based global management consulting firm.
|