According to a market report by Lucintel, the future of the industrial barcode scanner market looks promising with opportunities in the manufacturing, transportation and logistics, retail, and food & beverage applications. The global industrial barcode scanner market is expected to reach an estimated $8.3 billion by 2028 with a CAGR of 8.1% from 2023 to 2028. The major drivers for this market are emergence of industry 4.0, growing adoption of wearable barcode scanners, and increasing number of multinational logistics service providers across the globe.
In this market, mobile computer, handheld scanner, and ring scanner are the major segments of industrial barcode scanner market by product type. Lucintel forecasts that handheld scanner is expected to witness highest growth over the forecast period due to the growing application of these scanners by retailers, as these scanners are portable and simple to use and also helps in reading product information like price tags or labels while purchasing goods.
Within this market, manufacturing is expected to remain the largest segment due to the widespread application of barcode scanners by factories to monitor inventory levels, manufacturing status, component locations, quality control data, defective product, and inventory levels.
North America will remain the largest region due to the presence of manufacturing base of major OEMs and widespread adoption of barcode scanners in hospitality, entertainment, and warehousing sectors of the region.
Advantech, Bluebird, CipherLab, Cognex, Datalogic Spa, DENSO, and EUROTECH Spa are the major suppliers in the global industrial barcode scanner market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global industrial barcode scanner market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Industrial Barcode Scanner Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global industrial barcode scanner market by product type, application, and region, as follows:
Industrial Barcode Scanner Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
Mobile Computers
Handheld Scanners
Ring Scanners
Others
Industrial Barcode Scanner Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Manufacturing
Transportation and Logistics
Retail
Food and Beverages
Others
Industrial Barcode Scanner Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial barcode scanner market by product type (mobile computers, handheld scanners, ring scanners, and others), application (manufacturing, transportation and logistics, retail, food & beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?