The inventory tags market in Europe is expected to grow from US$ 1,198.17 million in 2021 to US$ 1,574.93 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
In developed and developing countries, the demand for passenger cars and commercial vehicles is snowballing exponentially. In Europe, especially in Germany, a huge automotive hub is experiencing massive growth in automotive production. For instance, according to Organisation Internationale des Constructeurs d’Automobiles, Europe registered a production of 21,312,082 commercial and passenger vehicle units in 2019. Mounting production of passenger cars and commercial vehicles is producing immense demand for inventory tags from auto manufacturers to offer visibility and real-time data of assets. With inventory tags, manufacturers can locate their shipment. The tag also helps decrease the downtime of assets and increase asset life. The automotive sector is continuously looking to automate and improve its manufacturing and logistics operations. This compels the industry players to collaborate with inventory tag providers. The inventory tag technology empowers auto manufacturers to increase their production efficiency by offering them the necessary control of manufacturing processes and allowing them to take anti-counterfeiting measures. It can also help track new vehicles in the finishing and shipping processes. Thus, the automotive sector is anticipated to showcase remarkable growth potential for inventory tag technology in the near future.Due to the COVID-19 outbreak, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major market for inventory tags adoption due to the rising e-commerce and automotive industries. Since several European countries are in the phase of lockdowns, warehouses have been closed. In Germany, several fashion retailers, shoe and sports shops, and electronics stores are affected due to this pandemic. Additionally, major automotive plants were temporarily closed, leads to a decrease in the shipments of car spare parts, where inventory tags play an important role to efficiently track the products. All these factors are expected to have a direct impact on inventory tags market growth in European countries. Russia, Italy, Germany, UK, and France inventory tags markets are anticipated to see a decrease till mid-2021.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe inventory tags market. The Europe inventory tags market is expected to grow at a good CAGR during the forecast period.
Europe Inventory Tags Market Revenue and Forecast to 2028 (US$ Million)
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Europe Inventory Tags Market Segmentation
Europe Inventory Tags Market – By Technology
- RFID
- Barcodes
- Others
Europe Inventory Tags Market – By Label Type
- Plastics
- Paper
- Metal
- Others
Europe Inventory Tags Market – By Printing Technology
- Offset Printing
- Digital Printing
- Flexography Printing
- Gravure Printing
- Others
Europe Inventory Tags Market – By End-user
- Retail
- Transportation and Logistics
- Industrial
- Others
Europe Inventory Tags Market – By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Inventory Tags Market – Companies Mentioned
- 3M
- Alien Technology, LLC
- Brady Worldwide, Inc.
- CCL Industries Inc.
- Johnson Controls, Inc.
- Zebra Technologies Corporation
- SATO Holdings Corporation
- Honeywell International Inc.
- Camcode
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. Europe Inventory Tags Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Inventory Tags–Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Counterfeiting Activities
5.1.2 Growing Adoption of RFID Technology in Retail Sector
5.2 Market Restraints
5.2.1 Security Problems Related to Inventory Tag Technology
5.3 Market Opportunities
5.3.1 Increasing Emphasis on Internet of Things (IoT)
5.4 Future Trends
5.4.1 Elevating Potential for Inventory Tag Technology in Automotive Sector
5.5 Impact Analysis of Drivers and Restraints
6. Europe Inventory Tags Market Analysis
6.1 Europe Inventory Tags Market Overview
6.2 Europe Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Inventory Tags Market Analysis – By Technology
7.1 Overview
7.2 Europe Inventory Tags Market- by Technology
7.3 RFID
7.3.1 Overview
7.3.2 RFID: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Barcode
7.4.1 Overview
7.4.2 Barcode: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Other
7.5.1 Overview
7.5.2 Other: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Inventory tags Market – By Label Type
8.1 Overview
8.2 Europe Inventory Tags Market- By Label Type
8.3 Plastics
8.3.1 Overview
8.3.2 Plastics: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Paper
8.4.1 Overview
8.4.2 Paper: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Metal
8.5.1 Overview
8.5.2 Metal: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Inventory Tags Market – By Printing Technology
9.1 Overview
9.2 Europe Inventory Tags Market- By Printing Technology
9.3 Offset Printing
9.3.1 Overview
9.3.2 Offset Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Digital Printing
9.4.1 Overview
9.4.2 Digital Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Flexography Printing
9.5.1 Overview
9.5.2 Flexography Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Gravure Printing
9.6.1 Overview
9.6.2 Gravure Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Inventory tags Market – By End-User
10.1 Overview
10.2 Europe Inventory Tags Market- By End-user
10.3 Retail
10.3.1 Overview
10.3.2 Retail: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Transportation & Logistics
10.4.1 Overview
10.4.2 Transportation & Logistics: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11. Europe Inventory Tags Market – Country Analysis
11.1 Overview
11.1.1 Europe: Inventory Tags Market- by Key Country
11.1.1.1 Germany: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany: Inventory Tags Market- by Technology
11.1.1.1.2 Germany: Inventory Tags Market- By Label Type
11.1.1.1.3 Germany: Inventory Tags Market- By Printing Technology
11.1.1.1.4 Germany: Inventory Tags Market- By End-User
11.1.1.2 France: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 France: Inventory Tags Market- by Technology
11.1.1.2.2 France: Inventory Tags Market- By Label Type
11.1.1.2.3 France: Inventory Tags Market- By Printing Technology
11.1.1.2.4 France: Inventory Tags Market- By End-User
11.1.1.3 Italy: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Italy: Inventory Tags Market- by Technology
11.1.1.3.2 Italy: Inventory Tags Market- By Label Type
11.1.1.3.3 Italy: Inventory Tags Market- By Printing Technology
11.1.1.3.4 Italy: Inventory Tags Market- By End-User
11.1.1.4 UK: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 UK: Inventory Tags Market- by Technology
11.1.1.4.2 UK: Inventory Tags Market- By Label Type
11.1.1.4.3 UK: Inventory Tags Market- By Printing Technology
11.1.1.4.4 UK: Inventory Tags Market- By End-User
11.1.1.5 Russia: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Inventory Tags Market- By Technology
11.1.1.5.2 Russia: Inventory Tags Market- By Label Type
11.1.1.5.3 Russia: Inventory Tags Market- By Printing Technology
11.1.1.5.4 Russia: Inventory Tags Market- By End-User
11.1.1.6 Rest of Europe: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Inventory Tags Market- by Technology
11.1.1.6.2 Rest of Europe: Inventory Tags Market- By Label Type
11.1.1.6.3 Rest of Europe: Inventory Tags Market- By Printing Technology
11.1.1.6.4 Rest of Europe: Inventory Tags Market- By End-User
12. Impact of COVID-19 Pandemic on Europe Inventory Tags Market
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 3M
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Alien Technology, LLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Brady Worldwide, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 CCL Industries Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Johnson Controls, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Zebra Technologies Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 SATO Holdings Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Honeywell International Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Camcode
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Europe Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Inventory Tags Market- by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Inventory Tags Market- By Label Type –Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Inventory Tags Market- By Printing Technology –Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Inventory Tags Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Inventory Tags Market Segmentation
Figure 2. Europe Inventory Tags Market Segmentation – By Country
Figure 3. Europe Inventory Tags Market Overview
Figure 4. RFID Segment held the Largest Share of Europe Inventory Tags Market
Figure 5. Industrial held the Largest Share of Europe Inventory Tags Market
Figure 6. Germany Dominated the Europe Inventory Tags Market
Figure 7. Europe – PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Inventory Tags Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe: Inventory Tags Market Revenue Share, By Technology (2020 and 2028)
Figure 12. RFID Inventory tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Barcode: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Other: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Inventory Tags Market Revenue Share, By Label Type (2020 and 2028)
Figure 16. Plastics: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Paper: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Metal: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Inventory Tags Market Revenue Share, By Printing Technology (2020 and 2028)
Figure 21. Offset Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Digital Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Flexography Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Gravure Printing: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Other: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Inventory Tags Market Revenue Share, By End-user (2020 and 2028)
Figure 27. Retail: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Transportation & Logistics: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Industrial: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Geographic Overview of Europe Inventory Tags Market
Figure 32. Europe: Inventory Tags Market Revenue Share, By Key Country (2020 and 2028)
Figure 33. Germany: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. France: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. UK: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Inventory Tags Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in Europe Country Markets- 3M
- Alien Technology, LLC
- Brady Worldwide, Inc.
- CCL Industries Inc.
- Johnson Controls, Inc.
- Zebra Technologies Corporation
- SATO Holdings Corporation
- Honeywell International Inc.
- Camcode
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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