Europe 2D Barcode Reader Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Handheld and Fixed), and Application (Warehousing & Logistics, Pharmaceuticals, E-commerce & Retail, and Others)
The Europe 2D barcode reader market is expected to grow from US$ 2,386.97 million in 2023 to US$ 3,529.48 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2023 to 2028.
New Product Lunches is Fuelling Europe 2D Barcode Reader Market
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.
A few examples are mentioned below:
- In September 2020, Omron Corporation launched V410-H handheld barcode reader with an extended read range of 1.1 m. This product can be used in industrial and life sciences sectors.
- In October 2020, RTscan unveiled RTX200: NFC barcode Reader with a Wi-Fi interface. This reader can read 1D/2D barcodes and support Wi-Fi communications.
- In October 2022, Socket Mobile launched a line of 2D barcode readers: SocketScan S820, DuraScan D820, and DuraSled DS820. SocketScan S820 works with Bluetooth wireless technology that can be connected to mobiles. DuraScan D820 is built with an extra rubberized material to increase the product's durability and provide drop protection. It can be used it the retail store at point of sale, inventory management, and others. DuraSled DS820 is ideal for applications such as asset tracking and delivery services.
New product launches with innovative features attract potential buyers, propelling the 2D barcode reader market growth.
Europe 2D barcode reader market Overview
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.
Europe 2D barcode reader market Revenue and Forecast to 2028 (US$ Million)
Europe 2D barcode reader market Segmentation
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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe 2D Barcode Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe 2D Barcode Reader Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 New Product Launches
5.1.2 Growth of Logistics and E-Commerce Sectors
5.2 Market Restraints
5.2.1 Customer Preference for Self-Checkout Systems
5.3 Market Opportunities
5.3.1 Rise in Mergers and Acquisitions
5.4 Future Trends
5.4.1 Rise in Factory Automation
5.5 Impact Analysis of Drivers and Restraints
6. 2D Barcode Reader Market – Europe Analysis
6.1 Europe 2D Barcode Reader Market Overview
6.2 Europe 2D Barcode Reader Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe 2D Barcode Reader Market Analysis – By Product Type
7.1 Overview
7.2 2D Barcode Reader Market, By Product Type (2022 and 2028)
7.3 Handheld
7.3.1 Overview
7.3.2 Handheld: 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Fixed
7.4.1 Overview
7.4.2 Fixed: 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
8. Europe 2D Barcode Reader Market Analysis – By Application
8.1 Overview
8.2 2D Barcode Reader Market, By Application (2022 and 2028)
8.3 Warehousing & Logistics
8.3.1 Overview
8.3.2 Warehousing & Logistics: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Pharmaceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
8.5 E-commerce & Retail
8.5.1 Overview
8.5.2 E-commerce & Retail: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe 2D Barcode Reader Market –by Country Analysis
9.1 Europe: 2D Barcode Reader Market
9.1.1 Overview
9.1.2 Europe 2D Barcode Reader Market Breakdown, by Country
9.1.2.1 Germany 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.1.1 Germany 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.1.2 Germany 2D Barcode Reader Market Breakdown, By Application
9.1.2.2 France 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.2.1 France 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.2.2 France 2D Barcode Reader Market Breakdown, By Application
9.1.2.3 Italy 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.3.1 Italy 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.3.2 Italy 2D Barcode Reader Market Breakdown, By Application
9.1.2.4 UK 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.4.1 UK 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.4.2 UK 2D Barcode Reader Market Breakdown, By Application
9.1.2.5 Russia 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.5.1 Russia 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.5.2 Russia 2D Barcode Reader Market Breakdown, By Application
9.1.2.6 Rest of Europe 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.6.1 Rest of Europe 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.6.2 Rest of Europe 2D Barcode Reader Market Breakdown, By Application
10. Industry Landscape
10.1 Overview
10.2 Product Development
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 Adesso Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Cognex Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Newland Auto-ID Tech Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Honeywell International Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Keyence Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 OMRON Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Datalogic SpA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Zebra Technologies Corp
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. 2D Barcode Reader Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 3. Germany 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 4. France 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 5. France 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. Italy 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 7. Italy 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 8. UK 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 9. UK 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 10. Russia 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 11. Russia 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 12. Rest of Europe 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 13. Rest of Europe 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe 2D Barcode Reader Market Segmentation
Figure 2. Europe 2D Barcode Reader Market Segmentation – By Country
Figure 3. Europe 2D Barcode Reader Market Overview
Figure 4. Handheld Segment held the Largest Share of 2D Barcode Reader Market
Figure 5. E-commerce & Retail Segment held the Largest Share of 2D Barcode Reader Market
Figure 6. Germany to Show Great Traction During Forecast Period
Figure 7. Europe: PEST Analysis
Figure 8. Europe Ecosystem Analysis
Figure 9. Europe Expert Opinion
Figure 10. Europe 2D Barcode Reader Market Impact Analysis of Drivers and Restraints
Figure 11. Europe 2D Barcode Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe 2D Barcode Reader Market Revenue Share, By Product Type (2022 and 2028)
Figure 13. Handheld: Europe 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Fixed: Europe 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Europe 2D Barcode Reader Market Revenue Share, By Application (2022 and 2028)
Figure 16. Warehousing & Logistics: Europe 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. Pharmaceuticals: Europe 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. E-commerce & Retail: Europe 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Europe 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: 2D Barcode Reader Market, by Key Country –Revenue (2021) (US$ Million)
Figure 21. Europe 2D Barcode Reader Market Breakdown, by Country, 2022 & 2028 (%)
Figure 22. Germany 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. France 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
- Cognex corp
- Newland Auto-ID Tech Co Ltd
- Honeywell International Inc
- Keyence Corp
- Omron Corp
- DataLogic Spa
- Zebra Technologies Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 2D barcode reader market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe 2D barcode reader market - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the 2D barcode reader market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution