Overview and Scope
A printer is a device that receives text and graphics output from a computer
and sends that information to generate a hard copy.
Sizing and Forecast
The printer market size has grown strongly in recent years. It will grow from
$11.34 billion in 2023 to $12.01 billion in 2024 at a compound annual growth
rate (CAGR) of 5.9%. The growth in the historic period can be
attributed to market competition and pricing, consumer demands and trends,
supply chain and manufacturing, regulatory compliance, environmental
sustainability.
The printer market size is expected to see strong growth in the next few years.
It will grow to $15.08 billion in 2028 at a compound annual growth rate (CAGR)
of 5.9%. The growth in the forecast
period can be attributed to market competition and pricing trends, changing
consumer demands, supply chain resilience, evolution of regulatory standards,
emphasis on environmental impact. Major trends in the forecast period include
mobile printing solutions, subscription-based printing models, remote printing
and managed print services, augmented reality (ar) in printers, security
features.
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Segmentation & Regional Insights
The printer market covered in this report is segmented –
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser
& Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome5) By End-user Applications: Residential,
Commercial, Educational Institutions, Enterprises, Government, Other
Applications
The North America was the largest region in the printer market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the global printer
market report during the forecast period. The regions covered in the printer
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for 3D printers is anticipated to propel the growth of the
printer market over the forecast period. 3D printers use a technique called
additive processing to shape (or print) physical objects layer by layer before
the design is finished. Companies across industries, from automotive to
consumer products, are becoming aware of the benefits 3D printers provide for
production. For instance, in August 2021, Shapeways Holdings, Inc., a US-based
marketplace and service for 3D printing, in the study, 63% strongly agreed that
their firm is developing confidence in 3D printing at scale, and 87% agreed
that severe pandemic-related supply chain disruptions spurred 3D printing
investments. Investments in 3DP are anticipated to yield a variety of
advantages, including higher labor productivity (64%), increased asset
utilization (57%), and lower inventory costs (46%). Therefore, the rising
demand for 3D printers drives the growth of the printer market.
Key Industry Players
Major companies operating in the printer market report are Samsung Electronics
Co. Ltd., Hitachi Ltd., Hewlett-Packard Company (HP), Honeywell International
Inc., Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings
Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson
Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku
Corporation, Oki Electric Industry Co. Ltd., Lexmark International Inc.,
Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki
Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit
Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt. Ltd., Bixolon Co.
Ltd., Polaroid Corporation, Screen Holdings Co. Ltd., AstroNova Inc., Primera
Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation
The printer market report table of contents includes:
1. Executive Summary
2. Printer
Market Characteristics
3. Printer
Market Trends And Strategies
4. Printer
Market - Macro Economic Scenario
5. Global
Printer Market Size and Growth
.
32. Global
Printer Market Competitive Benchmarking
33. Global
Printer Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Printer Market
35. Printer
Market Future Outlook and Potential Analysis
36.
Appendix
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