SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Inventory Tags - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1816
Companies: 15 - Players covered include 3M Company; Alien Technology Corporation; Avery Dennison Corporation; Brady Corporation; Cenveo, Inc.; Checkpoint Systems, Inc.; Hewlett Packard Enterprise Development LP (HPE); Johnson Controls International PLC; Smartrac NV; Zebra Technologies Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Industrial, Retail, Other End-Uses); Technology (Barcodes, RFID, Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Inventory Tags Market to Reach $5.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Inventory Tags estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Barcodes, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the RFID segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1 Billion by 2026
The Inventory Tags market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. More
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SOURCE Global Industry Analysts, Inc.