Canada Barcode Printer Market Size & Outlook, 2024-2030
Canada barcode printer market, 2018-2030 (US$M)
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Canada barcode printer market highlights
- The Canada barcode printer market generated a revenue of USD 239.0 million in 2023 and is expected to reach USD 392.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, industrial printers was the largest revenue generating product in 2023.
- Mobile Printers is the most lucrative product segment registering the fastest growth during the forecast period.
Barcode printer market data book summary
| Market revenue in 2023 | USD 239.0 million |
| Market revenue in 2030 | USD 392.0 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Industrial printers |
| Fastest growing segment | Mobile Printers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Desktop Printers, Mobile Printers, Industrial Printers |
| Key market players worldwide | Avery Dennison Corp, Canon Inc, Honeywell International Inc, Oki Electric Industry Co Ltd, Sato Holdings Corp, Zebra Technologies Corp Class A, Toshiba Corporation, Dascom, Printronix |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global barcode printer market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. barcode printer market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 392.0 million by 2030.
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Barcode Printer Market Scope
Barcode Printer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada barcode printer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to barcode printer market will help companies and investors design strategic landscapes.
Industrial printers was the largest segment with a revenue share of 65.65% in 2024. Horizon Databook has segmented the Canada barcode printer market based on desktop printers, mobile printers, industrial printers covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, major disruptions to retail channels in the wake of the outbreak of the COVID-19 pandemic have prompted consumers to opt for e-commerce. The International Trade Administration estimated that there were more than 27 million e-commerce users in Canada, which accounts for almost 75% of the Canadian population, in 2022; a ratio that is poised to reach 77.6% by 2025.
The growing preference for online shopping and the subsequent increase in retail e-commerce sales are expected to drive the demand for printers to print barcodes and labels in Canada. In addition, in July 2019 Amazon launched one of the program in Canada to serialize its products by using a T-shaped QR-style tag to identify counterfeit items.
Such initiatives being pursued by e-commerce companies are expected to drive the demand for barcode printers across Canada. Furthermore, in February 2021, Food Inspection Agency in Canada also made modification to its nutrition labelling, according to which regulated parties should meet the new labelling requirements within a 5 years of period.
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Our clientele includes a mix of barcode printer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada barcode printer market , including forecasts for subscribers. This country databook contains high-level insights into Canada barcode printer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada barcode printer market size, by product, 2018-2030 (US$M)
Canada Barcode Printer Market Outlook Share, 2024 & 2030 (US$M)
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