RFID Printer Market Research Report - Global Forecast till 2027

RFID Printer Market Research Report: By Type (Industrial Printers, Desktop Printers, Mobile Printers), By Price Range (UP TO USD 2,000, USD 2,001-USD 4,000, ABOVE USD 4,001), By Printing Technology (Thermal Transfer, Direct Thermal, Inkjet), By Frequency (Low Frequency (LF), High Frequency (HF), Ultra-High Frequency (UHF)), By Application (Manufacturing, Retail, Transportation & Logistics, Healthcare, Government, Entertainment, Others), By Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2027

ID: MRFR/SEM/3120-CR | February 2021 | Region: Global | 194 pages

RFID Printer Market Overview:
The global RFID printer market is projected to grow at a CAGR of 5.65% for the period between 2020 to 2026. The growth statistics suggest there is a lot of scopes for the market to expand in the future. A wide array of applications of the RFID tags or Bar codes in the manufacturing, distribution, and transporting industry shows hopeful indication for the concerned niche to expand. The surge in retail marketing is a very crucial factor to think about in the case of these printers.


The RFID printer or, radio frequency identification printer is a device that prints labels of encoded digital data in numeric or bars code format. This encoded label gets decoded when gets scanned by an RFID reader or a Bar Code scanner. The process is digital, secure, and faster than any other method to designate the identity of transportable and packaged goods. There is a lot of potential in this technology to map and navigate the identity with digital frequency tracking of freight transport. The RFID label printing market is supposed to reach a significant high in the forecast period. 


COVID-19 Analysis:
The COVID-19 pandemic has imposed an added challenge upon a lot of thriving businesses in 2020. Since most of the countries in the world when into lockdowns, the transport industry got disrupted badly during that period. Lack of human workforce, reduced investments in the industries, and disruption in the manufacturing units have posed a critical situation for a lot of companies. The COVID-19 took a hit on RFID printer manufacturers also. 


The RFID printing industry completely depends on the performance of the manufacturing growth of the core industries. More the goods and materials will be put for distribution, more the need for bar code identification for them. The RFID printer and reader are useful only when the logistics and distribution channels are working fine. So, the pandemic did have a noticeable impact on the market. Although, after the lockdowns were released, there has been a rapid recovery in the business. In high-income countries, the market falls in place within months.      


RFID Printer Market Dynamics:
Drivers:
A lot of push in the market comes from the easement of using this technology. The portable RFID printer or mobile printing technology is a great advantage for stock managers, movers, shippers, and others who are in remote locations tracking a huge load of goods every day. The thermal printing technology in the business, is fast, flexibly, easy and productive. These mobile printing devices need low maintenance and are solid as on-the-go equipment. 


The printers provide high-quality printing in no time and are capable of delivering a heavy volume of label printing for a prolonged time. These RFID card printers are easy to connect with the LAN network and provides service from a flexible distance also. This utility factor is a steady pusher for the market to expand. The market demand for efficient enterprise resource planning (ERP) is quite high. The printers and readers are an effective tool that enhances the ERP system.  


Opportunities:
There has been a steady rise in the e-Commerce industry. This factor plays well for the RFID and barcode printer market also. In the present scenario, there is a steady increase in last-mile deliveries of consumer goods, groceries, and pharmaceutical goods as well. Since the eCommerce system heavily relies on trusted logistic options, the use of RFID printers, readers, scanners has increased too. This efficient form of accurate tracking and monitoring of the warehouse stock, roots for the steady market growth of these printers. 

The cost-effectiveness of the said product appeals to a lot of small and medium scale retailers to make use of the efficient technology. The returns on investments (ROI) are noticeably high in this product. So, the RFID label printers market can build on that factor greatly.      


Restraints:
A key restraint on the face of the market is several regulations in different countries for printing labels. A lot of the global superpowers have pledged to reduce the carbon footprint of the planet. On that mission, there have been a lot of regulations, tribunals, and environmental protection laws that prohibit excessive printing. The regulations prohibit the use of carbon-based chemical ink and paper for high-volume printing. The RFID printer market growth faces restraint for that.

It is hard to convince the authorities that label printing technology in developed countries uses raw material from legitimate and accountable resources. The ink used in the printing also complies with the industry safety and quality standards. So, the printing industry may get clearance for using the right and regulated material for RFID printing machines.    

Challenges:

The bar code and RFID printing are not a challenge-free zone. One of the key challenging aspects of the printers is the printed label. The label has a lot of wax, or resin in them for protection against water and tear. But the wax on the label invites another issue which is the heat in the surrounding atmosphere. When shipments travel to various locations, they get exposed to various temperature differences. The printer electronics RFID labels can lose the printed information on them because of excessive heat.

Increased temperature is troubling for the wax to maintain its form. So, when the wax melts, there is a chance that the information wipes or fades also. This is a challenge that the market has to go through at present.   

Cumulative Growth Analysis:
Despite the challenges, the global RFID printer market has managed to record net worth of USD 3.99 billion in 2019. The setback of 2020 may have damaged the growth, but the market is recovering. In 2021 the global market recorded a USD 3.9 valuation. In the present scenario, experts are suggesting that the market will grow at a CAGR of 5.65% for the forecast period of 2020 to 2026. Based on the latest projections, the global RFID printer market share will reach a valuation of USD 5.804 billion by the end of 2026. This kind of growth statistics states that the printing industry will take advantage of the available opportunities and build upon that factor.

Value Chain Analysis:
The chain of marketing for RFID printers is extremely valuable. As a part of the distribution, stocking, retaining, and shipping industry, the passive RFID printer market is dependent on a lot of factors. A surge in the oil prices, unavailability of the labor force, scarcity of consumer goods manufacturing, etc affect the business of the RFID printers a lot. Until and unless the core markets are functioning right, it is hard for the printing market to sustain growth. 

RFID Printer Market Segment Overview:
Based on various parameters, there are several aspects of the market. The global RFID printer market size can be divided into various segments based on those aspects. The printing industry is focused on regional businesses mostly. But the global market can be classified based on – 

RFID Printer Market Segment type:



  • Industrial printers 

  • Desktop printers 

  • Mobile printers 


RFID Printer Market Segment prince range:



  • <USD 2,000

  • USD 2000 – 4000

  • >USD 4000


RFID Printer Market Segment printing technology: 



  • Thermal transfer

  • Direct thermal

  • Inkjet


RFID Printer Market Segment frequency:



  • Low frequency (LF) 

  • High frequency (HF)

  • Ultra-High Frequency (UHF)


RFID Printer Market Segment application:



  • Manufacturing retail

  • Transportation & logistics 

  • Healthcare

  • Government

  • Entertainment

  • Others 


RFID Printer Market Segment region:



  • North America

  • Europe 

  • Asia-Pacific

  • Rest of the world 


RFID Printer Market Regional Analysis:
According to RFID printer market trends, the Asia-Pacific market contributes to the largest share in the global market. The Asia-Pacific countries like India, China, Japan, Indonesia, Hong Kong, etc have the largest market shares for consumer goods. In the case of distribution and logistics, the huge consumer base in these areas promotes growth in the printing market as well. In 2018, Global RFID Printer Market valued at USD 3,993.6 Million in 2019 and is expected to reach USD 5,804.9 Million by 2026 with a CAGR of 5.65% during the forecast period, 2020–2026.     


RFID Printer Market Competitive Landscape:
The retail segment of RFID printers is the largest market holders for years now. The eCommerce application of retail marketing is a prominent place for the market to grow. The latest RFID printer market forecast dictates that companies are going to make huge investments in the eCommerce niche. The global market volume for RFID printers will bloom in that situation.


Major key players in the global market are:



  • Zebra Technologies Corporation 

  • Sato Holdings Corporation 

  • Honeywell International Inc

  • Toshiba Corp.

  • Avery Dennison Corporation 

  • Seiko Epson Corporation

  • Dascom

  • Printronix Auto ID

  • ID Technology LLC


RFID Printer Market Recent Developments:



  • In 2020, Avery Dennison Corp. brought their dual technology AD-362r6-P inlay. This innovation made item-level tracking, and UHF digital id processing possible.

  • In 2019, the Printronix group launched a thermal barcode and RFID printer series named T6000e. This series included advanced capabilities to improve productivity.  


RFID Printer Market Report Overview:
This RFID printer market analysis report discusses the market drivers, challenges, opportunities, and other growth factors of the market. 


RFID Printer Market Report time:



  • Historic Period: 2018

  • Base Period: 2021

  • Forecast Period: 2026


RFID Printer Market Report Demographic:



  • North America 

  • Asia Pacific 

  • Europe 

  • Others



Frequently Asked Questions (FAQ) :


Adoption of new technologies and demand for smartphones are drivers of the global RFID printer market.

The global RFID printer market growth can be impeded by its high manufacturing costs.

The global RFID printer market valuation can touch USD 4.82 billion by 2023.

The global RFID printer market is likely to enjoy a CAGR of 4.90% from 2017 to 2023.

North America can lead in the global RFID printer market till 2023.

TSC Auto ID Technology Co., Ltd, Toshiba Tec Corp., Honeywell International Inc., Wasp Barcode Technologies, Avery Dennison Corporation, Seiko Epson Corporation, Postek Electronics Co., Ltd., SATO Holdings Corporation, Godex International Co. Ltd., Dascom, and Zebra Technologies Corporation are prominent players of the global RFID printer market.