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Technavio's analysts have identified the increasing demand from SMEs as one of the key factors impelling the growth of the market in the forthcoming years. SMEs form a major part of the global business environment and with growing governmental support in developing countries for promoting SMEs, the need for handheld label printers is likely to increase considerably during the predicted period. For instance, the Government of India has the International Cooperation Scheme, which provides support to SME business delegations travelling to other countries for exploring new technologies, joint ventures (JVs), and collaborations. SMEs hold about a two-fifths share of all manufacturing exports from developing countries. With rising need of SMEs to identify parts, pallets, cartons, and shipments before they are exported, the requirement for labeling, marking, and coding equipment for a wide variety of packaging systems and products is expected to increase considerably in the forthcoming years.
“Several vendors offer handheld label printers that are designed to economically and quickly create labels and barcodes. It is often suitable for SMEs to prefer low-cost products. Rising investments in manufacturing will increase the demand for handheld label printers from SMEs.”, says a senior research analyst at Technavio for the tags and labels industry.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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