Thermal Printing Market Size 2021 Global Trend, Segmentation and Opportunities Forecast To 2026

The thermal printing market is projected to grow over USD 50 billion by 2026, according to Global Market Insights, Inc. To further increase operational efficiency and performance, thermal printer makers are incorporating advanced technologies in their products. In May 2020, major thermal printer manufacturer, Zebra Technologies announced that the artificial intelligence-based academy, Maikubo increased its staff efficiency as well as achieve accurate, faster asset tagging and equipment management by adopting the firm’s ZT400 series RFID printer.

Driven by the demand for high-quality tags and printed labels in the transportation and logistics sector, the thermal printing market is expected to grow significantly by 2026. Known for their operating speed, thermal printers are used to produce error-free, durable labels, receipts and tags. The barcode labels are used for tracking packages efficiently and inventory management.

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Use of such modern solutions and of Automatic Identification & Data Capture technologies across various industries is fueling the demand for thermal printers.

Based on product type, the market is divided into POS printers, RFID printers, card printers, barcode printers and kiosk & ticket printers. Of these, the RFID printer segment is anticipated to do exceptionally well over the upcoming years owing to their ability to integrate seamlessly into warehouse, manufacturing and logistics operations.

RFID printers print 1D and 2D barcodes along with human readable information, numbers and graphics. They are being preferred by several industries for precise data collection and quick identification of huge volumes of tagged items.

In terms of application, the market is divided into retail, transportation & logistics, healthcare, entertainment & hospitality, government and manufacturing. The healthcare sector is expected to fuel market share significantly, as thermal printers are widely used for accessing medical records, identifying lab samples and tracking surgical implants, imaging equipment and consumables.

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These printers also reduce the incidence of electric shocks to staff and patients. Especially across developing countries, the healthcare industry is expected to grow substantially, further driving thermal printing market growth.

The global transportation & logistics industry is developing at a steady pace. The sector is anticipated to drive new growth opportunities owing to use of automated technologies for improving inventory management in warehouses and for ensuring that shipments are delivered on-time to refine customer satisfaction.

Thermal printers are being used in the sector given to their ability to produce sharp print images which can withstand a range of weather conditions, provide real-time tracking for better supply chain management and rapid operating speed that increases productivity.

Geographically speaking, Asia Pacific thermal printing market is estimated to grow owing to the expanding consumer electronics industries in Japan and China, where thermal printers are being adopted for labeling barcode tags on electrical components and electronics.

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The demand for high contrast and high-resolution coding in barcode tags is likely to further drive the adoption of advanced thermal printing technologies. In South Korea and India, rapidly growing retail sector may favor overall market growth, as retailers begin to utilize advanced technologies to improve customer satisfaction.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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