diff --git a/docs/release-notes/version-2.9.md b/docs/release-notes/version-2.9.md
index a13a7ef2a..78668234b 100644
--- a/docs/release-notes/version-2.9.md
+++ b/docs/release-notes/version-2.9.md
@@ -12,6 +12,7 @@
 * [#4912](https://github.com/netbox-community/netbox/issues/4912) - Fix image attachment API endpoint
 * [#4914](https://github.com/netbox-community/netbox/issues/4914) - Fix toggling cable status under device view
 * [#4921](https://github.com/netbox-community/netbox/issues/4921) - Render non-viewable devices as unavailable space in rack elevations
+* [#4930](https://github.com/netbox-community/netbox/issues/4930) - Replicate label values when instantiating device type components
 
 ---
 
diff --git a/netbox/dcim/models/device_component_templates.py b/netbox/dcim/models/device_component_templates.py
index 7e96a8016..492fe3762 100644
--- a/netbox/dcim/models/device_component_templates.py
+++ b/netbox/dcim/models/device_component_templates.py
@@ -100,6 +100,7 @@ class ConsolePortTemplate(ComponentTemplateModel):
         return ConsolePort(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type
         )
 
@@ -122,6 +123,7 @@ class ConsoleServerPortTemplate(ComponentTemplateModel):
         return ConsoleServerPort(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type
         )
 
@@ -156,6 +158,7 @@ class PowerPortTemplate(ComponentTemplateModel):
         return PowerPort(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type,
             maximum_draw=self.maximum_draw,
             allocated_draw=self.allocated_draw
@@ -205,6 +208,7 @@ class PowerOutletTemplate(ComponentTemplateModel):
         return PowerOutlet(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type,
             power_port=power_port,
             feed_leg=self.feed_leg
@@ -239,6 +243,7 @@ class InterfaceTemplate(ComponentTemplateModel):
         return Interface(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type,
             mgmt_only=self.mgmt_only
         )
@@ -293,6 +298,7 @@ class FrontPortTemplate(ComponentTemplateModel):
         return FrontPort(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type,
             rear_port=rear_port,
             rear_port_position=self.rear_port_position
@@ -320,6 +326,7 @@ class RearPortTemplate(ComponentTemplateModel):
         return RearPort(
             device=device,
             name=self.name,
+            label=self.label,
             type=self.type,
             positions=self.positions
         )
@@ -336,5 +343,6 @@ class DeviceBayTemplate(ComponentTemplateModel):
     def instantiate(self, device):
         return DeviceBay(
             device=device,
-            name=self.name
+            name=self.name,
+            label=self.label
         )