Handheld Label Printer Market is Expected to Reach $142.6 Million by 2026

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OVERVIEW

Handheld Label Printer Market was evaluated at USD XX million in 2019 and is expected to reach USD 142.6 million by the end of 2026.

Bizlytik analysts forecast the global Handheld Label Printer market to grow at a CAGR of 4.2% during the forecast period, according to their latest market research report.

The handheld printers are an improved version of portable printers that are designed for the complete functionality of label printing on the spot. The handheld label printers are extensively used in the transportation & shipping of packages around the globe, with the printing of labels for identification and sorting a crucial part of the industry.

The rapid growth of e-commerce logistics & shipping and rising product demand from manufacturing industries are the influential primary factors that would improve the growth prospects of the market during the forecast period. The need for handheld printers has increased in recent years, with the increase in the volume of products and materials that are being shipped to different parts of the globe. The handheld printing of labels brings a high degree of flexibility in use and convenience for users, without the need for a larger setup of printing devices. The distribution of manufactured products over long distances has further ensured the adoption of handheld printers in production facilities, which would improve the growth prospects of the market over the forecast period.

Household & Office Grade, Commercial Grade, and Industrial Grade are covered in the Type segment of the market scope, while the Application segment is categorized into Manufacturing, Retail & Logistics, Home & Office, and Others. The report covers the volume of the market by Application, with the volume expressed in K Units. The Type segment is calculated in terms of value and volume.

The volume of the Retail & Logistics segment by Application is expected to reach 312.3 K Units by 2026, growing at a CAGR of 4.7% during 2020-2026. The more comprehensive capabilities of product distribution for several companies in the retail & logistics sector, with the addition of overseas locations, have increased the adoption of handheld printers in the industry, propelling segment growth.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

The Asia Pacific is a prominent region of the market in terms of overall market volume owing to the high product demand from the rapidly expanding retail & logistics industries of the developing countries, and the opening of several manufacturing facilities of globally-active companies that require the transportation of finished products around the globe.

The Handheld Label Printer market is moderately consolidated, with several players operating in the market with expansive global reach and extended manufacturing capabilities. New product launches after extensive research & development and steady expansion of business opportunities through strategic collaborations & partnerships are the primary business strategies of the top players.

Brother is one of the most significant companies of the global Handheld Label Printer Market in terms of production volume, with Dymo and Epson among many other vendors to hold substantial market share by volume and value.