RFID Printer Market Research Report Information 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, Others) And Region (North America, Europe, Asia-Pacific & Rest Of The World) –Industry Forecast Till 2032

Global RFID Printer Market Overview

The RFID Printer Market Size was valued at USD 1.712 Billion in 2023. The RFID Printer market industry is projected to grow from USD 1.831 Billion in 2024 to USD 2.9415 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2024- 2032). The increase in the need for improvement in inventory management across the globe and the increase in use for printing labels tickets received in the hospitals, retail, and Healthcare Centre Sectors accelerate the market growth are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

RFID Printer Market Trends

• 
  

  Increasing demand for the utilization of electronic printing is driving market growth

  
  

The increasing demand for electronic printing and ink technology is mainly responsible for propelling the RFID Printer Market. Key manufacturers of RFID technology are printing cheap tags as per the requirement of end users, thus providing a significant impetus to the market too. These are some of the factors that are expected to support growth in the RFID printer market shortly too. In addition, the market CAGR for RFID printers demonstrates promising growth with the introduction of the RFID laser printing technology.

Moreover, key manufacturers are largely concentrating on offering less expensive products and improving them with the help of RFID printers. Furthermore, rapidly surging speeds at which printers work will likely propel the global RFID market's growth. Such speeds help lower the maintenance and operational expenses of RFID printers, consequently enhancing the lifespan of products. These are some of the factors bolstering the growth of the RFID Printer Market.

Increasing demand for efficient and better inventory management systems, which can help track and predict the overall outflow of raw materials, stockpiling, and various other procedures, is driving the growth of the global  RFID printer market revenue.

RFID Printer Market Segment Insights

RFID Printer Type Insights

Based on Type, the RFID Printer Market segmentation includes industrial printers, desktop printers, and mobile printers. The industrial printers segment dominated the market, and the demand for the industrial RFID printers segment is increasing owing to factors such as the increasing need for enhanced inventory management and efficiency rising adoption of smart labels and tags across the manufacturing sector. Moreover, the adoption of retail commerce has also increased, which results in the rising adoption of RFID tags. This, as a result, drives the demand for Industrial RFID printers globally across multiple asset-intensive industries.

Figure1: RFID Printer Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

RFID Printer Price Range Insights

Based on the Price Range, the RFID Printer Market segmentation includes UP TO USD 2,000, USD 2,001-USD 4,000, and ABOVE USD 4,001. The up to USD 2,000 segment dominated the market. This is because these printers are more accessible and affordable for SMEs and startups that need to implement RFID technology for the first time.

March 2021: BIXOLON launched XM7 series liner and linerless thermal printers for the European market.

March 2021: Brother International Corporation launched a new industrial label printer for high-speed warehouse, manufacturing, and supply chain applications.

RFID Printer Price Printing Technology Insights

Based on Printing Technology, the RFID Printer Market segmentation includes thermal transfer, direct thermal, and inkjet. The thermal transfer segment dominated the market. The market size of the thermal transfer segment is expected to expand by almost 1.3X in the year 2022. The thermal transfer segment is set to register growth at a CAGR of 7.7% over the forecasted period.

In thermal transfer, ink technology is used by melting a portion of the ribbon and applies to the tag. Thermal Transfer RFID printers are used for high-volume printing applications such as food packaging and shipping labels. Thus rising adoption of thermal transfer technology in RFID printers is expected to fuel the RFID printers market growth in the coming years.

RFID Printer Frequency Insights

The RFID Printer Market segmentation, based on printing technology, includes low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). The high frequency (HF) segment dominated the market because it is widely used in the FM radio broadcasting industry.

RFID Printer Application Insights

The RFID Printer Market segmentation based on application includes manufacturing, retail, transportation & logistics, healthcare, government, entertainment, and others. The retail segment by industry will dominate the RFID printers and is expected to grow at the highest CAGR of around 7.8%. Moreover, the manufacturing segment is anticipated to create an absolute dollar opportunity of US$ 294.2 Mn over 2022-28. The retail industry is large, diverse, and prominent. RFID printers are used in the retail industry for applications such as gaining inventory visibility, garment tagging applications, and retrieving information about in-store activities. Also, the demand for RFID printers has increased in recent years to maintain the data tracking inventories with the help of barcodes and RFID tags. Thus, adopting barcodes and RFID tags in the retail industry is expected to drive the demand for the retail segment in the RFID printers market.

RFID Printer Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American RFID printer market will dominate, owing to major technological advancements in transportation, retail, manufacturing, logistics, and hospitality; healthcare industries will boost the market growth in this Region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: RFID PRINTER MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's RFID Printer market accounts for the second-largest market share due to factors such as rising digital transformation, integration of RFID technology with the lot, and rising need for the efficient supply chain management. Further, the German RFID Printer market held the largest market share, and the UK RFID Printer market was the fastest-growing market in the European Region.

The Asia-Pacific RFID Printer Market is expected to grow at the fastest CAGR from 2023 to 2032. The need for improvement in inventory management across the globe and the increase in use for printing labels tickets and received in the hospitals, retail, and Healthcare Centre Sectors accelerate the market growth. Moreover, China’s RFID Printer market held the largest market share, and the Indian RFID Printer market was the fastest-growing market in the Asia-Pacific region.

RFID Printer Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the RFID printer market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The RFID Printer industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s uses in the global RFID printer industry to benefit clients and increase the market sector. In recent years, the RFID printer industry has offered some of the most significant medical advantages. Major players in the RFID printer market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.

TOSHIBA TEC CORPORATION is a Japan-based company mainly engaged in the development, manufacture, sale, and maintenance of office machinery and electrical machinery. The Company operates through two business segments. Toshiba Tec Corporation partnered with US-based Catalina to expand the reach of its data-driven marketing solutions for different brands and retailers in Japan.

Avery Dennison Corporation is a multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The Company is a member of the Fortune 500 and is headquartered in Mentor, Ohio. AVERY DENNISON CORPORATION acquired US-based startup Zippy Yum, which sells hardware and software solutions for operational automation and inventory management.

Key companies in the RFID printer market include

• 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 Industry Developments

February 2018: Honeywell launched new cloud-based safety suite software and specialized electronic tags. The RFID tags can be scanned directly into Honeywell Safety Suite software and tracked for usage, maintenance, and training. It helps the Company to develop its RFID printer offering.

April 2017: Avery Dennison announced a partnership with Target. This partnership helps the Company deploy RFID technology to more than 1,600 stores, maximizes inventory availability, and delivers an enhanced guest.

January 2021: Toshiba Tec Corporation introduced a new desktop printer series with increased performance and durability.

RFID Printer Market Segmentation

RFID Printer Type Outlook

• Industrial Printers


• Desktop Printers


• Mobile Printers

RFID Printer Price Range Outlook

• UP TO USD 2,000,


• USD 2,001-USD 4,000


• ABOVE USD 4,001

RFID Printer Printing Technology Outlook

• Thermal Transfer


• Direct Thermal


• Inkjet

RFID Printer Frequency Outlook

• Low Frequency (LF)


• High Frequency (HF)


• Ultra-High Frequency (UHF)

RFID Printer Application Outlook

• Manufacturing


• Retail


• Transportation & Logistics


• Healthcare


• Government


• Entertainment


• Others

RFID Printer Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  


• Latin America