Market Overview:
The global thermal transfer label printer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermal transfer printers from various end-use industries, such as medical care, asset management, and product instructions. In addition, the growing demand for color printing is also contributing to the growth of this market. Based on type, the global thermal transfer label printer market can be segmented into black printers, gules printers, white printers and other printers. Among these types, black printers are expected to account for a major share of the global thermal transfer label printer market during the forecast period owing to their low cost and high efficiency. Based on application, the global Thermal Transfer Label Printer Market can be segmented into asset management applications; medical care applications; maintenance tracking applications; product instructions applications; and other applications such as retail labeling and packaging etcetera).
Product Definition:
A thermal transfer printer is a computer printer that prints text or images by heating a thermally sensitive ribbon to produce an image or text. The thermal transfer process is used in particular to create labels, tags, and other forms of identification.
Black:
Black is used in thermal transfer label printers as it provides high contrast and excellent ink absorption. It is a color that absorbs more light than any other color. The higher the percentage of black, the better the quality of printouts on labels and containers.
The usage factor for black in thermal transfer label printers is 100% because it's an essential component for printing on various types of materials such as metals, glass, paper & plastics among others.
Gules:
Gules is one of the primary colors and is also known as red. It's name comes from the Latin word for “red” or “ruddy”. The color was traditionally associated with passion, power, strength, and blood; hence it was used in coats of arms to symbolize these qualities.
Application Insights:
The other application segment includes labeling of medical devices, maintenance tracking, product instructions and others. The use of labels for tracking the movement of equipment in a manufacturing plant or warehouse is anticipated to drive the global thermal transfer label printer market over the forecast period. Asset management is expected to be one of the fastest growing application segments owing to increasing awareness among companies about digitization and its benefits.
Asset management allows users to create digital copies of all documents associated with an asset which can be easily retrieved at any time. It also provides information regarding ownership rights which may help in reducing disputes over intellectual property rights (IPR). IPR protection can be enhanced by using thermal transfer labels with unique identifier codes that are specific to each product so as not to make duplicate copies nor take extra prints during production runs.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand for barcoding solutions in emerging economies, such as China and India. In addition, increasing government initiatives pertaining to implementation of GS1 standards are also anticipated to drive the market growth over the forecast period. For instance, GS1 India collaborated with Ministry of Electronics & Information Technology (MeitY) in order to promote digitalization across various industries including healthcare and automotive among others.
North America region is projecteded second fastest growing regional market on account of high demand from end-use industries such as maintenance tracking, asset management etc., which use thermal transfer labels for marking parts/products/assets etc.
Growth Factors:
- Increasing demand for product labeling in various industries
- Proliferation of e-commerce and the need for product identification and tracking
- Growing popularity of thermal transfer printers among small businesses
- Rising demand for customized labels
- Technological advancements that improve printer performance and efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Transfer Label Printer Market Research Report
By Type
Black, Gules, White, Other
By Application
Asset Management, Medical care, Maintenance Tracking, Product Instructions, Other
By Companies
Brother, Label Power, Zebra, HellermannTyton, BIXOLON, Badgy, Evolis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Transfer Label Printer Market Report Segments:
The global Thermal Transfer Label Printer market is segmented on the basis of:
Types
Black, Gules, White, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Asset Management, Medical care, Maintenance Tracking, Product Instructions, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brother
- Label Power
- Zebra
- HellermannTyton
- BIXOLON
- Badgy
- Evolis
Highlights of The Thermal Transfer Label Printer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Black
- Gules
- White
- Other
- By Application:
- Asset Management
- Medical care
- Maintenance Tracking
- Product Instructions
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Transfer Label Printer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A thermal transfer label printer prints labels that adhere to the surface of objects. The labels are made up of small, heat-sensitive particles that are transferred to the object's surface when a high-temperature ink is applied.
Some of the major companies in the thermal transfer label printer market are Brother, Label Power, Zebra, HellermannTyton, BIXOLON, Badgy, Evolis.
The thermal transfer label printer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Transfer Label Printer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Thermal Transfer Label Printer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thermal Transfer Label Printer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Thermal Transfer Label Printer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Thermal Transfer Label Printer Market Size & Forecast, 2018-2028 4.5.1 Thermal Transfer Label Printer Market Size and Y-o-Y Growth 4.5.2 Thermal Transfer Label Printer Market Absolute $ Opportunity
Chapter 5 Global Thermal Transfer Label Printer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermal Transfer Label Printer Market Size Forecast by Type
5.2.1 Black
5.2.2 Gules
5.2.3 White
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Transfer Label Printer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermal Transfer Label Printer Market Size Forecast by Applications
6.2.1 Asset Management
6.2.2 Medical care
6.2.3 Maintenance Tracking
6.2.4 Product Instructions
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Transfer Label Printer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Transfer Label Printer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermal Transfer Label Printer Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Transfer Label Printer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermal Transfer Label Printer Market Size Forecast by Type
9.6.1 Black
9.6.2 Gules
9.6.3 White
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermal Transfer Label Printer Market Size Forecast by Applications
9.10.1 Asset Management
9.10.2 Medical care
9.10.3 Maintenance Tracking
9.10.4 Product Instructions
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermal Transfer Label Printer Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Transfer Label Printer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermal Transfer Label Printer Market Size Forecast by Type
10.6.1 Black
10.6.2 Gules
10.6.3 White
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermal Transfer Label Printer Market Size Forecast by Applications
10.10.1 Asset Management
10.10.2 Medical care
10.10.3 Maintenance Tracking
10.10.4 Product Instructions
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermal Transfer Label Printer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Transfer Label Printer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermal Transfer Label Printer Market Size Forecast by Type
11.6.1 Black
11.6.2 Gules
11.6.3 White
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermal Transfer Label Printer Market Size Forecast by Applications
11.10.1 Asset Management
11.10.2 Medical care
11.10.3 Maintenance Tracking
11.10.4 Product Instructions
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermal Transfer Label Printer Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Transfer Label Printer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermal Transfer Label Printer Market Size Forecast by Type
12.6.1 Black
12.6.2 Gules
12.6.3 White
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermal Transfer Label Printer Market Size Forecast by Applications
12.10.1 Asset Management
12.10.2 Medical care
12.10.3 Maintenance Tracking
12.10.4 Product Instructions
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermal Transfer Label Printer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Transfer Label Printer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermal Transfer Label Printer Market Size Forecast by Type
13.6.1 Black
13.6.2 Gules
13.6.3 White
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermal Transfer Label Printer Market Size Forecast by Applications
13.10.1 Asset Management
13.10.2 Medical care
13.10.3 Maintenance Tracking
13.10.4 Product Instructions
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Transfer Label Printer Market: Competitive Dashboard
14.2 Global Thermal Transfer Label Printer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brother
14.3.2 Label Power
14.3.3 Zebra
14.3.4 HellermannTyton
14.3.5 BIXOLON
14.3.6 Badgy
14.3.7 Evolis