RFID Kanban System Market is valued approximately USD $$million in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2028. The RFID Kanban System can be defined as firmly established system utilized for managing the replenishment of production material across different industries such as manufacturing, healthcare, and BFSI among others.
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In RFID kanban system-colored cards are exchanged with RFID (radio frequency identification) enabled tags which automatically send a signal with the help of software, which is integrated with the organization’s procurement department regarding inventory status. The increasing spending on digital transformation (DX) technologies and rising third-party logistics (3PL) industry worldwide as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – In 2022, the worldwide spending on digital transformation (DX) is estimated at USD 1800 billion and the spending is projected to grow to USD 2800 billion by 2028. Furthermore, leading market players are working towards new acquisitions to increase their geographical footprints. For instance, in January 2022, Texas, US based Retail RFID (radio-frequency identification) technology and solutions provider SML acquired Sweden-based retail customer experience platform provider, Sumzed AB. Sumzed AB specializes in non-RFID and RFID solutions, including price checker, point of information, fitting room support, call for assistance and digital signage. This acquisition would enable SML to expand its market presence in Northern Europe. Also, growing penetration of e-commerce platforms coupled with rising automation across different industries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, security concern associated with cyber-attacks impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global RFID Kanban System Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automation across different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of 3PL logistics sector and rising automotive sector in the region, would create lucrative growth prospects for the global RFID Kanban System Market across the Asia Pacific region.
Major market players included in this report are:
Brooks Automation Inc.
Datelka
Grifols S A
Hurst Green Plastics Ltd
LogiTag Systems
MATTTEO
MetraTec GmbH
Palex Medical SA (Bidco Palex S.L.)
Pepperl+Fuchs SE
Scan Modul B.V.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Single Bin RFID Kanban System
Multi-Bin RFID Kanban System
By Component
RFID Box
RFID Base
RFID Shelf/Cabinet
Electronic Shelf Displays
Others
By Application:
Supply Chain Inventory Management
Equipment Identification
Track and Trace Solution
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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