The global RFID printer market is expected to witness growth at a projected CAGR of 7.2% between 2033 and 2033, driven primarily by strong Ecommerce demands

NEWARK DE / ACCESSWIRE/ April 12, 2023 The market for RFID printers is expected to reach US$ 1,871.07 billion in 2023 and then rise to US$ 3,750.05 millions by 2033. Global industry grew at 7.6% between 2018 and 2022.

As a result, RFID tags have seen an increase in usage. There is a high demand for industrial and mobile RFID printers in a wide range of asset-intensive sectors. RFID chips found in wholesale packets include information about the contents. They can also trigger an alert if shoplifters try to evade detection at exit.

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RFID printers can also be used in warehouses and retail stores to improve inventory management. The healthcare sector is expected to be a major driver of global market expansion. They are looking for reliable administration of patient data.

The growing use of RFID technology in the transportation sector to track shipping orders is another factor that will drive the growth of global RFID printer demand. The market’s growth will be impeded by the high price of RFID solutions.

Profitable Market Opportunity

The key to maximising profits for manufacturers is the ability to offer lower-priced goods and improve them using RFID printers. The global market will expand due to the steady increase in printing rates.

The Key Takeaways

• With a CAGR of 7.2%, the RFID printers market is expected to grow in the United Kingdom by 2033.
• The CAGR for RFID printers is 6.8% by 2033.
• The market for RFID printers is rapidly expanding with a value of US$ 1,745.4 Million in 2022.
• Due to the growing trend of smart packaging, the market is expected expand at a value of US$ 2,305.02million by 2026.
• Analysts expect the market to grow 1.07x between 2022-2023 due to emerging technologies and potential opportunities.
• The market was dominated by industrial RFID printers in 2022. This market share grew at 5.9% annually through 2033, based on product type.
• Based on the printing type, thermal transfer held the largest market share in 2022. It continues to be the market leader with a CAGR at 7.7% during the forecast period.
• According to industry, the retail market is expected to be the largest with a CAGR 7.8% by 2033.

How to increase the profits of key players using effective techniques

In order to expand the use of RFID printers, key manufacturers are looking at large investments in technological innovations, product launches, and corporate expansion. To attract a larger client base, players are focusing on quality, safety and customer satisfaction using printing technologies.

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Recent Developments

• April 2017, Target and Avery Dennison started to work together. The collaboration saw the introduction of RFID technology to over 1,600 stores. This increased inventory availability has improved the customer experience.
• February 2018, Honeywell unveils new cloud-based safety software and specialized electronic tag technology. Honeywell Safety Suite scans RFID tags in order to track usage, maintenance, training, and other information. This software helps increase the number RFID printers available to the company.

Key Segments

RFID Printers by Product Type

• Desktop RFID Printers
• Industrial RFID Printers
• Mobile RFID Printers

RFID Printers for Printing Type:

• Direct Thermal
• Thermal Transfer

RFID Printers for Industries:

• Manufacturing
• Transportation
• Retail
• Healthcare

RFID Printers by Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA).

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Table of Content

1. RFID Printers Market| RFID Printers Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. 1.5.

2. Market Overview

2.1. Market Coverage/Taxonomy

2.2. 2.2.

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. 3.4

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018-2022, Forecast 2023-2033

4.1. Analysis of Historical Market Size Value (US$Million) for 2018-2022

4.2. 4.2.

5. Market Analysis for 2018 to 2022 and Forecast from 2023 to 2033 by Product Type

5.1. Introduction / Key Findings

5.2. Historical Market Value Analysis (US$ Million) by Product Type, 2018-2022

5.3. 5.3.

5.4. 5.4

5.5. Absolute $ Opportunity Analysis by Product Type, 2023-2033

6. Market Analysis and Forecast 2018 to 2022, Global Market Analysis 2018, 2022, 2033, Based on Printing Type

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ million) Analysis by Printing Type, 2018-2022

6.3. 6.3

6.4. 6.4

6.5. Absolute $ Opportunity Analysis by Printing Type, 2023-2033

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