The application fields and market size of China's barcode printers and the space and opportunities for future market growth are analyzed as follows:
Application field
Barcode printers can be used in industrial/manufacturing, retail, government and commercial, healthcare, transportation/logistics and other fields. Among them, the industrial/manufacturing industry has the highest demand, occupying the largest market share of 40% of the barcode printer industry in 2022. In addition, sectors such as healthcare, retail, government and business will emerge as the application areas with the highest demand potential during the forecast period.
Market size and growth
China's barcode printer market is growing rapidly, the market size in 2021 is 7.112 billion yuan, accounting for about 7.1% of the world, is expected to reach 12.022 billion yuan in 2028, when the global share will reach 8.7%.
Space and opportunities for future market growth
In the next few years, China's barcode printer market will grow at a compound annual growth rate of 5.74% and reach 18.022 billion yuan in 2028. Among them, portable printers and industrial printers will be the main drivers of market growth. In addition, with the continuous development and popularization of the domestic Internet of Things and RFID technology, the barcode printer industry will also usher in new development opportunities.