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Tuesday, October 3, 2023

Global RFID Printer Market is anticipated to grow at a CAGR of 6.3% during 2024 to 2030

The future of the global RFID Printer Market looks promising with opportunities in the manufacturing, retail, transportation & logistics, healthcare, government, and entertainment markets. The global RFID printer market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing demand for electronic printing and ink technology, growing adoption of RFID printer by retail business, and expanding need for effective and improved inventory management systems.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the RFID printer market by type (industrial printers, desktop printers, and mobile printer), printing technology (thermal transfer, direct thermal, and inkjet), frequency (low frequency (LF), high frequency (HF), and ultra-high frequency (UHF)), application (manufacturing, retail, transportation & logistics, healthcare, government, entertainment, 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?

Market Segmentation:

In this market, industrial, desktop, and mobile are the major segments of RFID printer market by type. Lucintel forecasts that industrial will remain the largest segment due to increasing use of this printer for smart labels and tags in the manufacturing industry.Within this market, retail will remain the largest segment due to the widespread uses of RFID printers in this sector for various functions, such as tracking in-store activities, tagging clothing, and increasing inventory visibility.

North America will remain the largest region due to expanding number of smart factories, existence of major manufacturing hubs, and presence of key players in the region.

Zebra Technologies, Sato Holdings, Honeywell International, Toshiba, Avery Dennison, Seiko Epson, Dascom, Printronix Auto ID, and ID Technology are the major suppliers in the RFID printer market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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