LONDON, 07 July. 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the 2D Barcode Scanner Market, the rapid growth of the e-commerce market requires better tracking, order fulfillment and other features, thus driving the demand for 2D barcode scanners over the forecast period. E-commerce channels allow customers to easily purchase a number of products and also generate cost savings for manufacturers who use 2D barcode scanners in products for labeling, tracking and fulfillment . Digital shopping is becoming more convenient and gaining popularity among consumers around the world.
For example, according to a 2021 report by the United Nations Conference on Trade and Development (UNCTAD), online retail sales have increased markedly in several countries, with the Republic of Korea recording the highest share at 25.9 % in 2020, compared to 20.8% the previous year. . In countries like India, for example, e-commerce portals have boosted sales of various products by giving greater exposure to producers who were confined to a single geographical area. In addition, the increase in online shopping related to COVID-19 led to e-commerce growth in the United States of 32% in 2020 to reach $790 billion, compared to $598 billion in 2019. The growing market for e-commerce assures greater availability and reach of a number of products, thereby driving the 2D barcode scanner market over the forecast period. With reduced delivery times and leaner supply chains, demand for last-mile delivery, where a package travels from a transportation hub to its final destination in e-commerce, is expected to drive demand from readers of 2D barcodes.
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The global 2D barcode scanners market size is expected to grow from $5.87 billion in 2021 to $6.35 billion in 2022 at a compound annual growth rate (CAGR) of 8.17%. This global 2D Barcode Scanners market demand is primarily driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing social, remote work and the closure of business activities that led to operational losses. challenges. The market should reach $8.92 billion in 2026 at CAGR of 8.87%.
Asia Pacific was the greater region in the 2D barcode scanner market and was worth $2.09 billion in 2021. The market accounted for 0.006% of the region’s GDP. In terms of per capita consumption, the market represented $0.49, which is $0.3 less than the world average. The Asia-Pacific 2D barcode scanner market is supported by strong demand in the e-commerce and logistics sector, increasing internet penetration and smartphone usage. The increase in internet penetration leads to an increase in e-commerce, which will ultimately drive the growth of the market. For example, there were 5.29 million internet users in Singapore in January 2021. Between 2020 and 2021, the number of internet users in Singapore increased by 146,000 (+2.8%).
Key Players of 2D Barcode Scanner Market are Denso Wave Incorporated, Casio Computer Co., Ltd., Cognex Corporation, Datalogic SpA, Honeywell International, Inc., General Data Co., Inc., JADAK-A Novanta Company , Juniper Systems Inc., Keyence Corporation, Marson Technology Co., Ltd., Omron Microscan Systems, Inc., Sato Holdings Corporation, Scandit, Sick AG, Unitech Electronics Co., Ltd., Wasp Barcode Technologies, Zebex Industries Inc. , Zebra Technologies Corp., Toshiba Tec Corporation, Adesso Inc, Dynamsoft, Shenzhen Alacrity Barcode Technology Co., Ltd., SSE Technologies and RIOTEC Co., Ltd.
TBRC’s global 2D Barcode Scanner market analysis is segmented by Type into Fixed, Portable; by reader type in cord, wireless; by application in warehousing, logistics, e-commerce, factory automation; per end user in retail, hospitality, transportation and logistics, manufacturing, healthcare, etc.
Regions covered in the global 2D Barcode Scanners industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The Global 2D Barcode Readers Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Barcode Readers Market -2D Barcode Readers, Analyze the 2D Barcode Reader Market and Forecast Market Size and Growth for Overall Market, 2D Barcode Reader Market Segments and Geographies, 2D Barcode Reader Market Trends 2D Barcode Readers, 2D Barcode Readers Market Drivers, 2D Barcode Readers Market Constraints, Revenue, Profiles and Market Share of 2D Barcode Readers Market Top Competitors in 1000+ Reports of the industry, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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