Asset Tags Market : Global Industry Analysis And Forecast (2023-2029)

Global Asset Tags Market is expected to reach USD 8.15 Bn by 2029, at a CAGR of 5.23% during the forecast period. Asset tag refers to a label or sticker that identifies an asset or equipment using a unique serial number. Asset tags are generally made from materials like laminated polyester and anodized aluminum. Major functionalities of the asset tags include equipment tracking, inventory control, theft prevention, and MRO information. The product is used throughout many industries as it eliminates the need for manual data entry and enables accuracy & efficiency.Asset Tags MarketTo know about the Research Methodology :- Request Free Sample Report Asset tags help reduce errors by eliminating the need to manually log asset information, simplify tracking of assets, enable comprehensive tracking of maintenance & downtime, and reduce the costs associated with loss and theft of assets. The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, and by applications.

Asset Tags Market Dynamics:

A rapid shift towards a fast paced lifestyle along with the growing urbanization around the globe is obliging consumers to carry out the tasks in the minimal time period. Asset tags provide convenience to the customers by eliminating the need for standing in long queues to identify the products in retail stores. Moreover, various technological advancements have compelled an ever increasing demand for numerous products that may require to be transported over long distances or across the continents. Increase in E-retail platforms coupled with globalization ensures convenience in purchasing goods from difference places, creating a need to track the movement of the product throughout the distribution channel. These factors are driving the growth of global asset tags market. Recent innovations like intelligent asset tags will pave the way for several opportunities for the market players. For instance, Raritan's asset management tags provide an accurate, automated, real-time inventory of all IT assets and their locations. Similarly, Global Asset Tags Market drivers and restraints are covered in the MMR report by region since each region has different market dynamics. Demand drivers and restraints are covered in a separate chapter by keeping the user’s convenience in mind. Drivers are divided by demand-side drivers and supply side.

Asset Tags Market Segment Analysis

Based on raw material, global asset tags market is categorized into plastic asset tags and metal asset tags. Plastic asset tags segment dominate the global market in 2022 with the market share of US$ xx Mn. Several benefits offered by the material like lightweight, low cost, waterproof, and ease of access are driving the demand for plastic asset tags across the globe.

Asset Tags Market Regional Insights:

North America led the global asset tags market in 2022 with the share of xx % owing to a mature consumer base and market in the region. Moreover, higher number of retail stores compared with any other region is also responsible for the North America Market growth. Asia Pacific region is estimated to register the highest CAGR of xx %, due to a larger consumer base coupled with the rapidly increasing retail stores in the region. Presence of larger number of emerging economies like India and China is further boosting the market growth. Europe is estimated follow North America in terms of market revenue. The objective of the report is to present a comprehensive analysis of the Global Asset Tags Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.

Asset Tags Market Scope: Inquire before Buying

Asset Tags Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.70 Bn.
Forecast Period 2023 to 2029 CAGR: 5.23% Market Size in 2029: US $ 8.15 Bn.
Segments Covered: by Raw Material Metal Asset Tags For flat surfaces For curved surfaces Plastic Asset Tags
by Label Type Barcode Number
by Size 0.75" x 1.5" 0.75" x 2" 1.25" x 2" 0.5" x 1.25" 0.5" x 1.75" 0.625" x 1.75" Others
by End-User Property ID tags School barcodes Hospitals Churches Anti-theft labels Others

Asset Tags Market Segmentation by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America

Asset Tags Market Key Players

1. Custom Labels 2. Alpha Signs 3. Brother International Corporation 4. Premier Holotech 5. Labels China 6. AB&R 7. Zebra 8. Brady Corporation 9. Molex, LLC 10. MyAssetTag 11. Metalcraft 12. MPI Label Systems 13. Seagull Scientific 14. RMS Omega 15. Printronix Frequently Asked Questions: 1. Which region has the largest share in Global Asset Tags Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Asset Tags Market? Ans: The Global Asset Tags Market is growing at a CAGR of 5.23% during forecasting period 2023-2029. 3. What is scope of the Global Asset Tags Market report? Ans: Global Asset Tags Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Asset Tags Market? Ans: The important key players in the Global Asset Tags Market are – Custom Labels, Alpha Signs, Brother International Corporation, Premier Holotech, Labels China, AB&R, Zebra, Brady Corporation, Molex, LLC, and MyAssetTag 5. What is the study period of this Market? Ans: The Global Asset Tags Market is studied from 2022 to 2029.
1. Global Asset Tags Market: Research Methodology 2. Global Asset Tags Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Asset Tags Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Asset Tags Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Asset Tags Market Segmentation 4.1 Global Asset Tags Market, by Raw Material (2022-2029) • Metal Asset Tags • For flat surfaces • For curved surfaces • Plastic Asset Tags 4.2 Global Asset Tags Market, by Label Type (2022-2029) • Barcode • Number 4.3 Global Asset Tags Market, by Size (2022-2029) • 0.75" x 1.5" • 0.75" x 2" • 1.25" x 2" • 0.5" x 1.25" • 0.5" x 1.75" • 0.625" x 1.75" • Others 4.4 Global Asset Tags Market, by End-user (2022-2029) • Property ID tags • School barcodes • Hospitals • Churches • Anti-theft labels • Others 5. North America Asset Tags Market(2022-2029) 5.1 Global Asset Tags Market, by Raw Material (2022-2029) • Metal Asset Tags • For flat surfaces • For curved surfaces • Plastic Asset Tags 5.2 Global Asset Tags Market, by Label Type (2022-2029) • Barcode • Number 5.3 Global Asset Tags Market, by Size (2022-2029) • 0.75" x 1.5" • 0.75" x 2" • 1.25" x 2" • 0.5" x 1.25" • 0.5" x 1.75" • 0.625" x 1.75" • Others 5.4 Global Asset Tags Market, by End-user (2022-2029) • Property ID tags • School barcodes • Hospitals • Churches • Anti-theft labels • Others 5.5 North America Asset Tags Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Asset Tags Market (2022-2029) 6.1. Asia Pacific Asset Tags Market, by Raw Material (2022-2029) 6.2. Asia Pacific Asset Tags Market, by Label Type (2022-2029) 6.3. Asia Pacific Asset Tags Market, by Size (2022-2029) 6.4. Asia Pacific Asset Tags Market, by End-user (2022-2029) 6.5. Asia Pacific Asset Tags Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Asset Tags Market (2022-2029) 7.1 Middle East and Africa Asset Tags Market, by Raw Material (2022-2029) 7.2. Middle East and Africa Asset Tags Market, by Label Type (2022-2029) 7.3. Middle East and Africa Asset Tags Market, by Size (2022-2029) 7.4. Middle East and Africa Asset Tags Market, by End-user (2022-2029) 7.5. Middle East and Africa Asset Tags Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Asset Tags Market (2022-2029) 8.1. Latin America Asset Tags Market, by Raw Material (2022-2029) 8.2. Latin America Asset Tags Market, by Label Type (2022-2029) 8.3. Latin America Asset Tags Market, by Size (2022-2029) 8.4. Latin America Asset Tags Market, by End-user (2022-2029) 8.5. Latin America Asset Tags Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Asset Tags Market (2022-2029) 9.1. European Asset Tags Market, by Raw Material (2022-2029) 9.2. European Asset Tags Market, by Label Type (2022-2029) 9.3. European Asset Tags Market, by Size (2022-2029) 9.4. European Asset Tags Market, by End-user (2022-2029) 9.5. European Asset Tags Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Custom Labels 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Alpha Signs 10.3. Brother International Corporation 10.4. Premier Holotech 10.5. Labels China 10.6. AB&R 10.7. Zebra 10.8. Brady Corporation 10.9. Molex, LLC 10.10. MyAssetTag 10.11. Metalcraft 10.12. MPI Label Systems 10.13. Seagull Scientific 10.14. RMS Omega 10.15. Printronix
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