Industrial Label Printer Market Size - By Print Technology (Thermal Transfer Printing, Direct Thermal Printing, Laser Printing, Inkjet Printing, Specialty Printing Technologies), By Speed (Low speed, Mid speed, High speed), By End-use & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Industrial Label Printer Market Size - By Print Technology (Thermal Transfer Printing, Direct Thermal Printing, Laser Printing, Inkjet Printing, Specialty Printing Technologies), By Speed (Low speed, Mid speed, High speed), By End-use & Forecast, 2024 – 2032

Industrial Label Printer Market Size

Industrial Label Printer Market was valued at USD 9.26 billion in 2023 and is anticipated to register a CAGR of 4.8% during 2024 to 2032. Rising emphasis on product traceability and compliance boosted the demand for industrial label printer which are commonly used in various industries such as manufacturing, healthcare, food and beverages, logistics etc. to print high quality labels with barcodes, QR codes, serial number, and other essential information’s required for tracking thoroughly the supply chain. Increasing demand for automation in industries fir efficient labeling solutions to streamline operations.

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Technological advancements in printing technology such as thermal transfer printing, which ensure long lasting labels suitable for various industrial environments including those with extreme exposure to chemicals, moisture, and temperature. In addition, the growing e-commerce, and logistics industry where demand for industrial label printers is in high demand for printing shipping labels, packing slips, barcode label and other essential for inventory management. Overall, the market is experiencing steady growth due to increasing automation, need for product traceability in supply chain, customization requirements such as size shape, content, color according to business requirement for branding and product portfolio.

Industrial Label Printer Market Report Attributes
Report Attribute Details
Base Year 2023
Industrial Label Printer Market Size in 2023 USD 9.26 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.8%
2024 – 2032 Value Projection USD 14.13 Billion
Historical Data for 2021 – 2023
No. of Pages 181
Tables, Charts & Figures 212
Segments covered Print Technology, Speed, and End Use
Growth Drivers
  • Increasing demand for barcode labeling
  • Growing adoption of (Radio-Frequency Identification) RFID labeling
  • Growing e-commerce and logistics industry
Pitfalls & Challenges
  • High initial investment
  • Complexity of operation

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The major pitfall and challenges in industrial label printer market is starting a factory to make industrial label printer needs a lot of money to setup for things like machines, tools, and trained workers and because of this big initial cost, it might discourage new companies from entering the market and could also slow down existing companies' plans to grow bigger. Additionally, running a industrial label printer factory also costs a lot of money day-to-day, mainly because the materials used, like high-quality metal components, print heads, rubber rollers, electronics, adhesive and coatings, are expensive.

Industrial Label Printer Market Trends

Increasing demand for labeling solutions across various industries such as manufacturing, automotive, healthcare, retail, and logistics for product labels, QR codes, barcode, and essential information to enhance supply chain visibility. Increasing adopting of RFID (Radiofrequency identification) technology enables business to offer real-time tracking, this technology has gained attention in various sectors especially in retail and logistics to improve their inventory management.

The  integration of cloud-based solutions such as remote access, scalability, and real time data analytics. Manufacturers are incorporating these technological features into their industrial label printers to facilitate centralization. Moreover, industrial label printers were increasingly being integrated with Internet of Things (IoT) technology and automation systems and this integration enables business to remote monitoring, streamlined workflows, and predictive maintenance thereby enhancing efficiency and productivity and drives the overall the market growth.

Industrial Label Printer Market Analysis

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Thermal printing, a method using heat to transfer ink onto materials, has taken the market by storm. In 2023, it was worth over 3.69 billion dollars, and experts predict it will reach an impressive 5.58 billion dollars by 2032. This printing technique is incredibly versatile, allowing labels to be created on everything from paper to metal foils and even synthetic materials. These labels are highly durable and resistant to fading and smudging, making them ideal for various industries that rely on labeling, such as manufacturing, logistics, healthcare, and retail. They help improve supply chain management and make tracking inventory a breeze. Thermal transfer printing excels at producing high-resolution labels with sharp text and images. It's also widely used for printing barcodes and QR codes, which are essential for tracking and managing inventory in industries.

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In 2023, high-speed label printers were a popular choice, capturing around 42% of the market. Experts predict this number will grow to 45% by 2032. Industrial label printers are ideal for quickly printing huge batches of labels, saving time and money on labor. High-speed printing boosts efficiency and productivity in various industries. Industries often need to print large volumes of labels to keep up with production schedules. High-speed printers can effortlessly handle these high volumes, ensuring timely delivery. Moreover, high-speed printers lower the cost per label because they can print quickly and efficiently. This means significant cost savings for businesses.

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The North American market for industrial label printers has exploded to a whopping $3.69 billion in 2023. This isn't a surprise, given that North America, especially the United States, is a hotbed of innovation. And with all that booming industry, there's a huge demand for equipment like label printers. In sectors like healthcare, pharma, and manufacturing, industrial label printers are essential for slapping on those clear, informative labels. And as North American manufacturing cranks up, so does the need for these printers. Plus, North American companies have their distribution game on point, with networks that reach far and wide. This means they can get their products into the hands of customers around the world, fueling the growth of the North American industrial label printer market.

U.S. is likely to dominate in North America industrial label printer market with a growing CAGR of 3.7% through 2032. U.S. has strong industry base and well-established manufacturing capabilities to efficiently produce high quality industrial label printer with integrated technology at lower price. U.S. has diverse market and leader in research and development facilities including manufacturing technologies is expected to propel the market.

Germany is likely to dominate in Europe industrial label printer market. Germany has strong industrial and manufacturing set ups ranging from automotive and aerospace to electronics and mining sectors. Germany has extensive global distribution networks and export their industrial label printer to markets around the world. This global presence contributes to their dominance in Europe and beyond.

China is likely to dominate in Asia Pacific industrial label printer market with 4.7% growth rate up to 2032, because of rapid industrialization across various sectors such as construction, manufacturing, automotive, aerospace, electronics, and. Additionally, China manufacturers have lower labor cost advantage this enables them to offer competitive prices to buyers in the region.

Industrial Label Printer Market Share

These prominent companies are proactively involved in strategic endeavors including mergers & acquisitions, facility expansion, and partnerships to diversify their product offerings, expand their customer reach, and solidify their market position. Together, the top five mentioned companies collectively occupied around 5% to 10% of the global market share in 2023. They consistently allocate resources to research & development, enhancing their products and integrating innovative technologies to maintain a competitive edge.
Industrial Label Printer Market Companies

Some of the major market players operating in the industrial label printer industry include

  • Avery Dennison Corporation
  • Brady Corporation
  • Brother Industries, Ltd.
  • Datalogic S.p.A.
  • Godex International Co., Ltd.
  • Honeywell International Inc.
  • Oki Electric Industry Co., Ltd.
  • Primera Technology, Inc.
  • Printronix, LLC
  • SATO Holdings Corporation
  • Seiko Epson Corporation
  • Toshiba Tec Corporation
  • TSC Auto ID Technology Co., Ltd.
  • Wasp Barcode Technologies
  • Zebra Technologies Corporation

Industrial Label Printer Market News

  • In November 2022, SATO introduced S84/86NX smart print engines for labeling automation which will help the company expand its market reach in Southeast Asia.
     
  • In July 2022, Epson launched its first lightweight and portable label printers (LabelWorksLW-C610 and LW-C40) specifically for crafters and the home.
     
  • In October 2021, The Resource Label Group LLC announced the acquisition of Ample Labels aiming to expand the business in North America locations and extend in the Midwest with fur locations to cater wide consumer base.
     
  • In February 2021, Afinia Label, prominent manufacturer and supplier of industrial color label printing and label finishing equipment, announced a deal to buy JG Special Products’ Printing Innovation assets.

This industrial label printer market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2032, for the following segments

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Market, By Print Technology

 

  • Thermal Transfer Printing
  • Direct Thermal Printing
  • Laser Printing
  • Inkjet Printing
  • Specialty Printing Technologies

Market, By Speed

  • Low Speed
  • High Speed
  • Mid Speed

Market, By End Use

  • Consumer Good & Home Care
  • Healthcare and Pharmaceuticals
  • Chemical and Hazardous Materials
  • Food and Beverage
  • Automotive and Aerospace
  • Electronics
  • Textile and Apparel
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia    
    • Indonesia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

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