India Barcode Scanner Market Shipment Analysis
India Barcode Scanner Market registered a growth of 14.4% in value shipments in 2022 as compared to 2021 and a decrease of -4.29% CAGR in 2022 over a period of 2017. In Barcode Scanner Market India is becoming more competitive as the HHI index in 2022 was 1206 while in 2017 it was 1550. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Barcode Scanner Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Barcode Scanner Market in 2022 was 3.38 while in 2017 it was 7.42. China, USA, Germany, Singapore and Japan were among the top players of the market in 2022, where China acquired the largest market share of 21.21% with a shipment value of 7.76 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 29.79% with the shipment value of 12.39 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
