Please Wait.....
Report
North America 2D Barcode Reader Market Forecast to 2028 -Regional Analysis - by Product Type (Handheld and Fixed) and Application (Warehousing & Logistics, Pharmaceuticals, E-commerce & Retail, and Others)
Market Report I 2023-06-09 I 81 Pages I The Insight Partners
The North America 2D barcode reader market is expected to grow from US$ 3,069.83 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 Fueling 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.
Exhibit: 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.
TABLE OF CONTENTS
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)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security