Inventory Tag System Market, Global Outlook and Forecast 2023-2029
An inventory tag system consists of wireless computer, barcode scanner, industrial PC, barcode printer and a software. These systems are used to manage the complete lifecycle of particular product, track their location for ensuring that assets are not missing or stolen. A tag is a label attached to a product for providing identification details of the products. Every product offered to the consumers comes with a unique tag. The inventory tag is also used to identify the variety of a product. An inventory tracking system aids in purchasing process, forecasting the sales and preventing theft from employees or customers. In line with this, efficient management of the inventory is a key factor to reduce the demand-supply gap and minimize losing out on customers. Efficient management of inventory further reduces the transportation costs and uneconomical overstock.
Efforts towards standardization, rapid industrialization across the globe, stringent regulations towards packaging by the regulatory bodies, assurance to consumers about the product, increase in security measures against theft are the major factors that drive the growth of the market. However, lack of knowledge about the technology and dearth of skilled workers restrain the market growth.
This report aims to provide a comprehensive presentation of the global market for Inventory Tag System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Inventory Tag System. This report contains market size and forecasts of Inventory Tag System in global, including the following market information:
Global Inventory Tag System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Inventory Tag System market was valued at US$ 4846.9 million in 2022 and is projected to reach US$ 6175.7 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Paper Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Inventory Tag System include 3M, Alien Technology, Avery Dennison Corporation, Brady Corporation, Cenveo Corporation, Checkpoint Systems Inc, Hewlett-Packard Development Company, L.P, Smartrac N.V and Tyco International Plc, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Inventory Tag System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Inventory Tag System Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Inventory Tag System Market Segment Percentages, by Type, 2022 (%)
Paper
Plastic
Metal
Global Inventory Tag System Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Inventory Tag System Market Segment Percentages, by Application, 2022 (%)
Industrial
Retail
Logistics
Others
Global Inventory Tag System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Inventory Tag System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Inventory Tag System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Inventory Tag System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
3M
Alien Technology
Avery Dennison Corporation
Brady Corporation
Cenveo Corporation
Checkpoint Systems Inc
Hewlett-Packard Development Company, L.P
Smartrac N.V
Tyco International Plc
ZIH Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Inventory Tag System, market overview.
Chapter 2: Global Inventory Tag System market size in revenue.
Chapter 3: Detailed analysis of Inventory Tag System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Inventory Tag System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
