South to Dominate India Barcode Scanners and Printers Market till 2024

Growing end use industries like retail & e-commerce and manufacturing coupled with technological advancements and favorable government initiatives to drive India barcode scanners and printers market through 2024 

India Barcode Scanners and Printers Market

According to TechSci Research report, India Barcode Scanners and Printers Market By Sector, By Type, By End User, Competition, Forecast & Opportunities, 2024”, India barcode scanners and printers market is projected to grow at a CAGR of 16.8% during 2019-2024, backed by increasing adoption of barcode scanners and printers in several applications in transportation & logistics, manufacturing, retail and other sectors. By revolution, below 300 dpi dominated the market in 2018 and the trend is expected to continue in coming years, owing to its application in logistics & supply chain and automotive industries, as these industries do not require high resolution barcode.

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India Barcode Scanners and Printers Market

In terms of printing technology, direct thermal is leading the market and is the fastest growing segment, backed by its low cost and size as it does not require the use of ribbon which is required in case of thermal transfer printer. It is used for various short term applications including shipping labels, receipts and visitor passes. Furthermore, based on end user, retail & e-commerce segment is expected to grow at the highest CAGR during forecast period. Retailindustry in India is experiencing high growth with a perceptible shift towards organized retail formats. Moreover, growing trend of online shopping is contributing to the growth of retail & e-commerce segment in the country’s barcode scanners and printers market.

TSC Auto ID Technology Co., Ltd, Zebra Technologies India Private Limited, Honeywell Automation India Limited and TVS Electronics Limited are some of the leading players operating in India barcode scanners and printers market. Companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to register positive growth in the market.

“South India dominates the country’s barcode scanners and printers market, owing to favorable government policies, market consolidation, improving logistics & supply chain sector and supportive regulations by the government in this region. However, North India is expected to register the fastest growth during forecast period, on account of growing automotive and manufacturing industries in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Barcode Scanners and Printers Market

“India Barcode Scanners and Printers Market By Sector, By Type, By End User, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India barcode scanners and printers market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India barcode scanners and printers market.

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