United States Barcode Label Printer Industry Research Report to 2032
ID: MRFR/SEM/11514-US | 100 Pages | Author: Garvit Vyas| December 2023
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- In-depth analysis of global and regional trends
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ID: MRFR/SEM/11514-US | 100 Pages | Author: Garvit Vyas| December 2023
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US Barcode Label Printer Industry Highlights & Dynamics
Europe led the global market share in 2018, holding a dominant position at 32.21%, with a market value reaching USD 799.6 million. This region is anticipated to sustain growth, projecting a Compound Annual Growth Rate (CAGR) of 5.35% during the forecast period. Following closely, Asia-Pacific emerged as the second-largest market in 2018, securing a substantial valuation of USD 727.2 million. Asia-Pacific is poised to exhibit the highest CAGR in the upcoming years, with a significant rate of 6.90%. Within the geographical landscape, the United States dominated the market in 2018, capturing a substantial 66.47% market share and reaching a valuation of USD 376.2 million.
Forecasts predict the U.S. market to continue its robust growth, registering the highest CAGR of 4.57% during the forecast period. Canada, as the second-largest market in 2018, boasted a market value of USD 146.6 million, and it is expected to show steady growth with a CAGR of 3.73%. Exploring the market segmentation, the industrial printer segment took the lead in 2018, claiming a significant market share of 44.54%, equivalent to a market value of USD 252.1 million. This segment is poised to maintain its dominance and exhibit the highest CAGR of 5.23% throughout the forecast period.
In the same vein, the desktop printer segment secured the position of the second-largest market in 2018, with a value of USD 176.6 million. Forecasts predict a steady growth trajectory for this segment, projecting a CAGR of 3.53%. The intricate analysis of these regional and segment-specific trends highlights the dynamic nature of the market. With Europe taking the lead and Asia-Pacific showing remarkable growth potential, coupled with the significant contributions from the United States, the barcode label printer market is positioned for sustained expansion, driven by diverse geographical and segmental factors.
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