APEJ and North America hold significant market potential in the global barcode scanner market. Europe is struggling with sluggish growth in the manufacturing industry, hence growth prospects for the barcode scanner market in the region are limited. Barcode scanning is a highly popular technique that is used for capturing a product with the help of a unique identifier comprising barcodes and numbers. This technology faces a medium level threat of being replaced by RFID technologies. We at Future Market Insights have examined the global barcode scanner market in detail in our new publication titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment 2017–2027,” which will give a crystal clear picture of the current market scenario to our clients. While studying the various market segments, our analysts have observed that in APEJ, China and India are projected to achieve better growth. On the other hand, medium growth potential is expected in Western Europe, Eastern Europe and Latin America. Growth potential in Japan is likely to remain steady.
The growth rate of the global manufacturing sector is anticipated to grow at a significant rate over the next decade, especially in countries such as China and India, which have allowed foreign investors to establish manufacturing units by enabling tax relaxation. This will have a medium level impact on the growth of the barcode scanner market. Our analysts have noticed that with e-commerce further improving the growth rate, retail sales growth from the global perspective has increased considerably on a yearly basis, influencing better prospects for the growth of barcode scanners during the estimated period.
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Market participants’ opinion on the current scenario of the global barcode scanner market
The business manager of one of the key barcode scanners manufacturing companies in the APAC region explained to our analysts that the barcode scanner market is one of the most challenging markets, owing to a rise in the number of local manufacturers of barcode scanners in developing economies such as China and India. However, various barcode manufacturers have started manufacturing barcode scanners at their production sites.
The product manager of a Western Europe barcode scanners manufacturing company said that cost and high distance reading ability are the two major factors considered while purchasing or producing specific barcode scanners. “Barcode production is our primary business concern. If we can get an adequate supply of scanners with high reading ability at lower costs, there is no need for us to move into producing barcode scanners ourselves.”
The product development manager of an Eastern Europe barcode scanners manufacturing company believes that migrating from 1D barcode scanners to 2D barcode scanners is a shifting trend in the barcode scanner market. “Our company is progressively concentrating on developing new and enhanced 2D barcode scanner technology that can transform customers’ experience in the retail and healthcare sectors.”
Market Segmentation
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Report Structure
Our report on the global barcode scanner market commences with an overview of the market followed by key definitions and an executive summary. We have also included market dynamics and have presented our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the next few years. Our analysts have devoted the last section of the report to study the market performance of some of the top companies operating in the global barcode scanner market. We have profiled a few of the leading market players and have presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies.
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Research Methodology
Future Market Insights has leveraged secondary research extensively to ascertain the overall size of the global barcode scanner market and top industry players. In addition, our experienced team of analysts have gathered relevant market insights and data by speaking to the various manufacturers of barcode scanners and other key stakeholders based in various regions. Another notable feature of our report is an analysis of the revenue forecast of the global barcode scanner market by absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global barcode scanner market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global barcode scanner market, and towards this end, we have developed a unique market attractiveness index to help market players identify current and future market opportunities.
