Handheld Label Printer Market Size, Share, Growth and Industry Analysis, By Type (Household & Office Grade, Commercial Grade, And, Industrial Grade), By Application (Manufacturing, Retail & Logistics, Home & Office & Education, And, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Handheld Label Printer Market Report Overview

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The global handheld label printer market size was worth USD 78 million in 2022 and is projected to touch USD 107.19 million by 2031 with a CAGR of 3.6% during the forecast period.

Handheld printers are compact and portable devices that allow users to create custom labels on the go. These printers offer convenience and versatility, making them ideal for various applications such as organizing files, labeling containers, or creating barcode labels. With features like built-in keyboards, LCD screens, and connectivity options, users can easily input text and select fonts, sizes, and symbols.

Handheld printers are an efficient tool for professionals and individuals seeking quick and professional-looking labeling solutions wherever they are. All of these factors have resulted in the handheld label printer market growth.

COVID-19 Impact: Usage of These Printers in Several Sectors During Pandemic Increased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The outbreak of the pandemic of COVID-19 created several problems in many markets across the world. With increased emphasis on hygiene and safety measures, the demand for handheld printers has surged in sectors such as healthcare, retail, and logistics. These printers have become essential tools for labelling medical supplies, tracking inventory, and ensuring proper sanitation protocols.

 Additionally, the need for contactless operations has accelerated the adoption of handheld label printers, enabling workers to print labels without shared equipment or physical contact. As a result, manufacturers have witnessed a rise in sales and an increased focus on developing features like antimicrobial coatings and touchless printing options to cater to the evolving demands in the post-pandemic era. All of these factors increased the demand for the market during the pandemic.

LATEST TRENDS

"User-friendly Interfaces and Advanced Features to Increase Market Growth"

The latest trends in handheld printers reflect the growing need for efficiency, versatility, and connectivity. Manufacturers are incorporating advanced features such as wireless connectivity, enabling seamless printing from smartphones or tablets. User-friendly interfaces, touchscreens, and intuitive software have become standard, allowing for easier customization and label design.

Moreover, there is a focus on improving print quality and durability, with the use of high-resolution printing technology and durable label materials. Compact and lightweight designs are also prevalent, making handheld label printers more portable and convenient for on-the-go use. All of these are considered to be the latest trends in the market.

Handheld Label Printer Market Segmentation

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• By Type:

The market can be divided on the basis of type into the following segments:

Household & office grade, commercial grade, and, industrial grade. The household & office grade segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Manufacturing, retail & logistics, home & office & education, and, others. The manufacturing segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Portable and Convenient Solutions Provided by Handheld Printers to Accelerate Market Growth"

Several driving factors contribute to the growth and popularity of handheld printers. First and foremost is the increasing need for efficient organization and labeling across various industries. Handheld label printers offer a convenient and portable solution for creating professional labels quickly and on-demand. The rise of e-commerce and logistics has also spurred the demand for handheld label printers as businesses require efficient inventory management and shipping label generation.

 Additionally, advancements in technology have made handheld label printers more user-friendly, with features like wireless connectivity, touchscreens, and intuitive software. The emphasis on sustainability and eco-friendly practices has also influenced the development of handheld printers that utilize recyclable materials and energy-efficient printing methods. All of these factors are contributing towards the rapid growth and development of the market.

"Cost Effectiveness Provided by These Printers to Propel Market Growth "

Apart from efficiency and technological advancements, there are other driving factors contributing to the popularity of handheld label printers. One key factor is cost-effectiveness. Handheld label printers eliminate the need for outsourcing label printing services, saving businesses both time and money. Furthermore, customization capabilities play a significant role.

These printers allow users to design labels with personalized text, graphics, and barcodes, enhancing brand identity and product differentiation. Compliance with industry standards and regulations is another driving factor, as handheld printers enable businesses to meet labeling requirements in sectors such as healthcare, food, and manufacturing. The above-mentioned factors are propelling the handheld label printer market share.

RESTRAINING FACTOR

"Limited Printing Capabilities and Size Constraints to Decrease Market Growth"

While handheld label printers have numerous advantages, there are certain restraining factors that can impact their adoption. Limited printing capabilities and label size constraints can pose challenges when printing complex graphics or large labels. Additionally, the cost of consumables, such as label rolls and ink cartridges, can be a recurring expense for businesses.

Limited battery life and the need for frequent recharging or replacement can hinder continuous productivity. Moreover, compatibility issues with different operating systems or software can present barriers for seamless integration. These factors can severely deteriorate the demand for the market.

Handheld Label Printer Market Regional Insights

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"Asia Pacific to Dominate Market Share in Upcoming Years"

Asia Pacific is predicted to account for the largest market share in the upcoming years. Asia, particularly China, emerges as a leading region in handheld printers. Chinese manufacturers dominate the market, producing a significant share of the world's handheld label printers. The region's manufacturing capabilities, technological advancements, and cost-effective production have propelled its prominence.

China's vast network of suppliers and factories allows for efficient production and distribution of handheld label printers globally. Additionally, the region's focus on innovation and research and development has led to the introduction of advanced features and improved functionality in handheld label printers. These factors have made Asia Pacific the leading region in the market.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Brother (Japan)
• DYMO (U.S.)
• KINGJIM (Japan)
• CASIO (Japan)
• Epson (Japan)
• 3M (U.S.)
• Brady (U.S.)
• WEWIN (South Korea)
• GAINSCHA (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations