Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, March 29, 2024 · 699,674,807 Articles · 3+ Million Readers

Inventory Tags Market worth USD 6.55 billion by 2028, registering a CAGR of 4.8% - Report by Market Research Future (MRFR)

/EIN News/ -- New York, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Inventory Tags Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Inventory Tags Market Research Report, Technology , Materials, End-User and Region - Forecast till 2028” the market is projected to be worth USD 6.55 billion by 2028, registering a CAGR of 4.8% during the forecast period (2021 - 2028)., The market was valued at USD 5.17 billion in 2021.

List of the Key Companies Profiled in the Inventory Tags Market Report are –

  • Tyco International Plc. (Ireland)
  • Avery Dennison Corporation (US)
  • Smartrac N.V. (The Netherlands)
  • Checkpoint Systems Inc. (US)
  • 3M Company (US)
  • Brady Corporation (US)
  • Alien Technology Inc. (US)
  • Hewlett-Packard Company (US)
  • Zebra Technologies Corporation (US)
  • others.


Get Free Sample PDF Brochure
https://www.marketresearchfuture.com/sample_request/2625


Inventory tags drive more value for partners and create new revenue streams for organizations while enabling brands to identify fast-moving products and ensure a greater return on their partnership/sponsorship investment. Moreover, inventory tags offer efficient solutions for retailers to control the increasing risk of organized retail crimes (ORC) and other forms of shrink, meeting all their loss prevention needs and improving sales & staffing.

In automotive industries, inventory tags help locate and deliver vehicles to customers quickly and as cost-effectively. By leveraging inventory tags GPS solutions on vehicles, automakers gain real-time visibility to every vehicle within its inventory with reduced delivery times & logistics costs and mitigated losses. 

With the growing demand for innovative vehicle inventory management solutions, the market is projected to witness significant revenue gains over the next few years.

Automatic identification systems, comprising sensors, RFID tags & scanners, barcodes, QR codes, and have already transformed supply chains. Handheld or fixed position scanners and imagers generate real-time data that can improve supply chain visibility. Resultantly, enterprises continue to invest in inventory tags to leverage automated warehouse management solutions, especially in the backdrop of unprecedented labor shortages.


Browse In-depth Market Research Report (185 pages) on Inventory Tags

https://www.marketresearchfuture.com/reports/inventory-tags-market-2625


Covid-19 Impacts on the Inventory Tags Industry

Onset of the COVID-19 pandemic hit the inventory tags industry severely. Although the demand from eCommerce sectors was significant amid the pandemic-driven crises, technology providers faced huge revenue losses. Besides, the lockdown mandates halted the production of several key components required to develop inventory tags, resulting in spiked prices and lowered market demand. The pandemic disruptions changed consumer buying patterns shifting them from in-store to online/virtual purchases. 

However, the market is rapidly returning to normalcy and witnessing a steadily increasing demand. Moreover, rising uses of inventory tags, alongside the increased production activities and demand for storage and distribution applications, are estimated to offer robust market opportunities. 

Segmentation

The market is segmented into technology, materials, end-users, and region. The technology segment is sub-segmented into RFID, barcodes, QR codes, and others. The material segment is sub-segmented into plastic, metal, paper, and others. 

The end-user segment is sub-segmented into retail, industrial, logistics, and others. The region segment is sub-segmented into Americas, Europe, Middle East & Africa, Asia Pacific, and rest-of-the-world.


Share your Queries
https://www.marketresearchfuture.com/enquiry/2625


Regional Analysis

Europe has been consistently dominating the global inventory tags market shares. Technological advances, alongside the rising implementations of advanced tagging techniques and warehouse management solutions, are key driving forces behind the inventory tags market growth. Besides, increased awareness about inventory tagging systems and rapid industrialization foster the region’s inventory tags market size. 

Competitive Analysis

The inventory tags market would witness significant strategic approaches, such as expansion, collaboration, mergers & acquisitions, and advanced technologies integration. Leading industry players invest strategically to drive their research and development activities and expansion plans. 

For instance, recently, on Sep 15, 2021, RFID4U released an Android- and iOS-based RFID asset-tracking app - The TagMatiks, to address the gap in test RFID technology. The company has introduced a free app that can help test less than 100 UHF tags, making it fast and affordable for customers to determine how the technology works for tacking inventory or assets at their facilities.

The TagMatiks solution includes a free app based on different operating systems that users can download to their smartphone or laptop and use via a handheld reader and various tags to test RFID technology at their facilities.

Segmentation of Market covered in the research:

Inventory Tags Market Information by Technology (Barcodes, RFID & QR Codes), by Materials (Metal, Plastic, and Paper), by End-User (Industrial, Retail, Logistic and Others) and by Region - Forecast to 2028


To Buy:
 https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2625


About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


Contact:
                    Market Research Future
                    
                    Phone:
                    +1 628 258 0071(US)  
                    +44 2035 002 764(UK)
                    
                    Email: sales@marketresearchfuture.com
                    Website: https://www.marketresearchfuture.com
                    

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release