North America 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 North America 2D barcode reader market is expected to grow from US$ 3069.83 million in 2023 to US$ 4,814.95 million by 2028. It is estimated to grow at a CAGR of 9.4% from 2023 to 2028.
Growth of Logistics and E-Commerce Sector is Fuelling North America 2D barcode reader market
Growth in consumer disposable income has changed their lifestyle and purchasing patterns. Consumers prefer to shop online as it offers a wide range of products and saves time and money compared to brick-and-mortar stores. In addition, the increasing penetration of the internet and smartphones has further boosted the online shopping market. These factors have led to the growth of the e-commerce sector. Further, the increasing e-commerce sector is boosting the transportation of goods. This is positively influencing activities in the warehouses and goods supply chain, further propelling the growth of the logistics sector.
A 2D barcode reader plays a vital role in supporting the increasing e-commerce sector by managing the increased amount of goods and their information. In the supply chain networks, tracking product and sales information in real-time helps deliver the goods on time to the customers, which demands a 2D barcode reader to maintain the sales information and for better inventory management. Every product has a unique identification code that stores its information which can be accessed with the help of a 2D barcode reader. In warehouses and wholesale markets, using 2D barcode readers can help reduce data entry and increase the accuracy of the data, making it easier to maintain the inventory and track product information. It offers more flexibility and productivity in the e-commerce and logistics businesses. Thus, the growth of e-commerce and logistics sectors propels the 2D barcode reader market growth.
North America 2D Barcode Reader Market Overview
The US, Canada, and Mexico are among the key countries in North America. The continuously evolving manufacturing industry remains the major factor driving prosperity, jobs, and innovation, as the region is a hub for technological development. In January 2021, US President announced the plan to strengthen the manufacturing sector in the US under “Made in America” initiative, which focused on establishing technologically advanced and automated manufacturing sectors. Under this initiative, an investment of US$ 300 billion was made for the R&D and inclusion of advanced technologies to boost the country's production output. These technological advancements and automation can act as a catalyst for the US economy. Therefore, the rise in automation in the manufacturing sector in the region is expected to increase the demand for 2D barcode readers, along with a surge in the use of machines and systems to replace manual tasks. A 2D barcode reader helps track the product's information through the manufacturing process, which propels its demand in the manufacturing sector and fuels the 2D barcode reader market growth in North America.
Further, the automotive, e-commerce, retail, pharmaceutical, and logistics industries generate high demand for 2D barcode readers in North America. For instance, according to the US Department of Commerce, the country witnessed the highest ever Q4 e-commerce sales in the Q4 of 2022 compared to Q4 of 2021. In addition, as per International Trade Administration, in 2022, ~75% of the total population in Canada were e-commerce users, which is expected to reach 77.6% by 2025. There is an increase in the number of Canadians shopping online, contributing to the country's increased e-commerce activities. Thus, such rising e-commerce sales in North America create opportunities for the growth of the 2D barcode reader market.
Moreover, various 2D barcode reader market players such as Adesso Inc, Cognex Corp, Honeywell International Inc, OMRON Corp, and Zebra Technologies Corp in North America are focused on developing new products to cater to rising product demand in the region. For instance, in March 2023, Cognex Corp launched DataMan 282 fixed-mount barcode reader with additional lighting components which enhance direct-part mark (DPM) code reading. Also, in September 2020, Omron launched V410-H handheld barcode reader for lifesciences and industrial applications. Such product development and a large presence of players are a few factors that contribute to the growing demand for 2D barcode readers and propel the 2D barcode reader market in the region.
North America 2D Barcode Reader Market Revenue and Forecast to 2028 (US$ Million)
North America 2D Barcode Reader Market Segmentation
The North America 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 the US, Canada, and Mexico. The US 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. North America 2D Barcode Reader Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America 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 – North America Analysis
6.1 North America 2D Barcode Reader Market Overview
6.2 North America 2D Barcode Reader Market – Revenue and Forecast to 2028 (US$ Million)
7. North America 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. North America 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. North America 2D Barcode Reader Market –by Country Analysis
9.1 North America: 2D Barcode Reader Market
9.1.1 Overview
9.1.2 North America 2D Barcode Reader Market Breakdown, by Country
9.1.2.1 US 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.1.1 US 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.1.2 US 2D Barcode Reader Market Breakdown, By Application
9.1.2.2 Canada 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.2.2 Canada 2D Barcode Reader Market Breakdown, By Application
9.1.2.3 Mexico 2D Barcode Reader Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico 2D Barcode Reader Market Breakdown, By Product Type
9.1.2.3.2 Mexico 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
11.2.7 Newland Auto-ID Tech Co Ltd
11.2.8 Key Facts
11.2.9 Business Description
11.2.10 Products and Services
11.2.11 Financial Overview
11.2.12 SWOT Analysis
11.2.13 Key Developments
11.3 Honeywell International Inc
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 Keyence Corp
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 OMRON 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 Datalogic SpA
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 Zebra Technologies Corp
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
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. US 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 3. US 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 4. Canada 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 5. Canada 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. Mexico 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 7. Mexico 2D Barcode Reader Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America 2D Barcode Reader Market Segmentation
Figure 2. North America 2D Barcode Reader Market Segmentation – By Country
Figure 3. North America 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. The US to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. North America Ecosystem Analysis
Figure 9. North America Expert Opinion
Figure 10. North America 2D Barcode Reader Market Impact Analysis of Drivers and Restraints
Figure 11. North America 2D Barcode Reader Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America 2D Barcode Reader Market Revenue Share, By Product Type (2022 and 2028)
Figure 13. Handheld: North America 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Fixed: North America 2D Barcode Reader Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. North America 2D Barcode Reader Market Revenue Share, By Application (2022 and 2028)
Figure 16. Warehousing & Logistics: North America 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. Pharmaceuticals: North America 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. E-commerce & Retail: North America 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: North America 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: 2D Barcode Reader Market, by Key Country –Revenue (2022) (US$ Million)
Figure 21. North America 2D Barcode Reader Market Breakdown, by Country, 2022 & 2028 (%)
Figure 22. US 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million)
- Adesso Inc
- 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 North America 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 North America 2D barcode reader market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America 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