With the rise in industrialization several industries such as healthcare, warehousing, automotive, and retail are adopting various solutions to simplify their workflow and reduce their downtime to stand out in the market. A 2D barcode reader is widely used to encode product information stored in the barcodes. It helps reduce error rates and improve operational efficiency in end-user industries. In addition, 2D readers can store more data compared to 1D readers, which enables fast data access. Due to all these advantages, the demand for 2D barcode readers is increasing. Hence, market players are launching new products with additional features to attract potential customers of 2D barcode readers and increase their revenues and sales.
New product launches with innovative features attract potential buyers, propelling the 2D barcode reader market growth.
The Europe 2D barcode reader market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Europe consists of many small and large SMEs, which contributes to the growth of warehouses that encourage the adoption of technologies. Rise in e-commerce and online retail activities are major factors increasing the demand for different types of warehouses such as mega fulfillment centers (merchandise storage and pick-up), parcel sorting centers, local parcel delivery centers, dot.com warehouses (fulfillment of online orders), return processing centers, and local delivery centers (for same-day deliveries). According to Meritus Systemy Informatyczne Sp. z o.o., the demand for warehouse and industrial space across Europe grew by 35% in 2021 compared to 2020, and the warehouse vacancy rate decreased by 4% in the same period. The aggregate vacancy rate in Europe fell below 4%, and a ~23% share of the demand was from the e-commerce industry in 2021. Further, the region is experiencing the opening of new warehouses. For instance, in December 2022, GEODIS opened a new warehouse in Nuremberg metropolitan region, Germany. In addition, in July 2022, DACHSER opened a new warehouse in Pont d'Ain, France. Thus, due to the rise in the number of warehouses in Europe, there is an increased need for better inventory management and tracking, which boosts the demand for 2D barcode readers to improve the operational efficiency of the warehouses. All these factors are propelling the 2D barcode reader market in the region.
The Europe 2D barcode reader market is segmented into product type, application, and country. Based on product type, the market is bifurcated into handheld and fixed. The handheld segment held a larger market share in 2023
Based on application, the market is segmented into warehousing & logistics, pharmaceuticals, e-commerce & retail, and others. The e-commerce & retail held the largest market share in in 2023.
Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the market share in 2023.
Adesso Inc; Cognex Corp; Newland Auto-ID Tech Co Ltd; Honeywell International Inc; Keyence Corp; Omron Corp; DataLogic Spa; and Zebra Technologies Corp are the leading companies operating in the 2D barcode reader market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2,386.97 Million |
| Market Size by 2028 | US$ 3,529.48 Million |
| CAGR (2023 - 2028) | 8.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe 2D Barcode Reader Market is valued at US$ 2,386.97 Million in 2023, it is projected to reach US$ 3,529.48 Million by 2028.
As per our report Europe 2D Barcode Reader Market, the market size is valued at US$ 2,386.97 Million in 2023, projecting it to reach US$ 3,529.48 Million by 2028. This translates to a CAGR of approximately 8.1% during the forecast period.
The Europe 2D Barcode Reader Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe 2D Barcode Reader Market report:
The Europe 2D Barcode Reader Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe 2D Barcode Reader Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe 2D Barcode Reader Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe 2D Barcode Reader Market
