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
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.
Browse 5 market data Tables and 52 Figures spread
through 109 Pages and an in-depth TOC on "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. Retail industry 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.
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“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 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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