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Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2025

  • ID: 5015192
  • Report
  • April 2020
  • Region: Global
  • 146 Pages
  • Markets and Markets
The Thermal Printing Market is Expected to Grow at a CAGR of 4.4% from 2020 to 2025, to Reach USD 53.5 Billion by 2025 from USD 43.2 Billion in 2020

FEATURED COMPANIES

  • Avery Dennison
  • Brother Industries
  • Fujitsu
  • NCR Corporation
  • Seiko Epson
  • Star Micronics

Rising utilization of automatic identification and data capture technologies for improving productivity drives market growth

The rising utilization of automatic identification and data capture technologies for improving productivity is one of the key driving factors for the thermal printing market growth. However, the stringent printing regulations and poor image quality of barcode labels are a few of the factors hindering the growth of the thermal printing market.

Retail application to dominate thermal printing  market, in terms of size, during the forecast period

The thermal printing market for retail applications is expected to hold a dominant position during the forecast period. There is a significant demand for thermal printers in the retail sector. One of the critical factors for this high demand is the need for maintaining data by tracking inventory through barcode and RFID tags. Thermal printers are used to print these tags at significantly low costs. Also, these printers print rugged and reliable labels, which can withstand all challenging conditions such as abrasion, moisture, and extreme temperatures. Moreover, the inclination of the companies toward retailing and the growth potential of the e-commerce business is further expected to fuel the thermal printing market.

Barcode printers segment to hold the largest share of thermal printer market and witness significant growth from 2020 to 2025

In terms of market size, the barcode printers are expected to dominate the thermal printer market during the forecast period and are likely to witness significant growth in the said market from 2020 to 2025. Thermal barcode printers are extensively used in small, medium, and large businesses to label and subsequently track the products to be shipped. This is one of the significant factors that has led to the leading position of barcode printers in the thermal printer market.

APAC to witness the highest growth in the market during the forecast period

APAC is expected to witness the highest growth in the thermal printing market during the forecast period. China, Japan, and Australia are a few major countries that accelerate the growth of the thermal printing market in APAC. Healthcare & hospitality, and transportation & logistics applications are expected to demonstrate a higher increase compared with other applications in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the thermal printing market.

Following is the breakup of the profiles of primary participants for the report.

  • By Company Type: Tier 1 - 35 %, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-Level Executives - 35%, Managers - 25%, and Others - 40%
  • By Region: Americas - 45%, Europe - 20%, APAC - 30%, and RoW - 5%

The report profiles key players in the thermal printing market and analyzes their market rankings. Players profiled in this report are  Zebra Technologies (US), SATO Holdings (Japan), Seiko Epson (Japan), Fujitsu (Japan), Star Micronics (Japan), BIXOLON (South Korea), Honeywell International (US), Brother Industries (Japan), Toshiba TEC  (Japan), TSC Auto ID Technology (Taiwan), NCR Corporation  (US), Avery Dennison  (US), Citizen Systems (Japan), JADAK (US), Rongta Technology (Xiamen) Group (China), ProMach (US), CognitiveTPG (US), Shinmei (Japan), Seiko Instruments (Japan), and Axiohm (France)

Research Coverage
This report segments the thermal printing market by offering, application, and geography; and thermal printer market by printer type, format type, and printing technology. It also describes major drivers, restraints, challenges, and opportunities about this market, as well as includes the value chain and market ranking analysis.

Reasons to Buy This Report
The report will help leaders/new entrants in the thermal printing market in the following ways:
1. The report segments the thermal printing market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities about the thermal printing market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the thermal printing market. The competitive landscape section describes the competitor ecosystem.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Avery Dennison
  • Brother Industries
  • Fujitsu
  • NCR Corporation
  • Seiko Epson
  • Star Micronics

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary sources
2.1.2 Primary Data
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Thermal Printing Market
4.2 Thermal Printing Market, by Offering
4.3 Thermal Printing Market in APAC, by Country and Application
4.4 Thermal Printing Market, by Application
4.5 Thermal Printing Market, by Country (2019)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising utilization of automatic identification and data capture technologies for improving productivity
5.2.1.2 Growing concerns regarding product safety and anti-counterfeiting
5.2.1.3 Increasing use of thermal printing technology in the latest on-demand printing applications
5.2.1.4 Rising penetration of wireless technologies in mobile printers
5.2.1.5 Growing use of RFID and barcode thermal printers in the fast-growing e-commerce industry
5.2.2 Restraints
5.2.2.1 Poor image quality of barcode labels
5.2.2.2 Stringent printing regulations
5.2.3 Opportunities
5.2.3.1 Increasing adoption of thermal printers in the healthcare industry
5.2.3.2 Growing use of thermal barcode printers in the supply chain industry to accelerate market growth
5.2.4 Challenges
5.2.4.1 Heat settings of thermal barcode printers
5.2.5 Winning Imperative
5.2.5.1 Emergence of IoT technology for printing applications
5.3 Value Chain Analysis
5.4 Impact of Covid-19 on Thermal Printing Market

6 Thermal Printing Market, by Offering
6.1 Introduction
6.2 Printers
6.2.1 Components of Thermal Printers
6.2.1.1 Thermal heads
6.2.1.1.1 Printhead is vital printer component that creates an image on the face of media
6.2.1.2 Platens
6.2.1.2.1 Platen is a key component of thermal printer, which is responsible for feeding paper into the device
6.2.1.3 Springs
6.2.1.3.1 Spring presses thermal head to paper, causing a chemical reaction in paper to print image
6.2.1.4 Controller boards
6.2.1.4.1 Controller board plays a vital role in collaborating overall working of all components in thermal printer
6.3 Supplies
6.3.1 Direct Thermal Supplies
6.3.1.1 Direct thermal supplies to continue to hold the largest share of thermal printing supplies market during 2020–2025
6.3.2 Thermal Transfer Supplies
6.3.2.1 High durability, long shelf life, and protection against environmental conditions are key features of thermal transfer labels
6.3.3 Dye Diffusion Thermal Transfer Supplies
6.3.3.1 Dye diffusion thermal transfer method of thermal printing finds major uses in security, medical, and scientific, applications

7 Thermal Printer Market, by Printer Type
7.1 Introduction
7.2 Barcode Printers
7.2.1 Thermal Barcode Printers are Widely Used in Manufacturing Applications, as They Benefit Every Process of Manufacturing, From Distribution and Logistics to Inventory Tracking and Shipping
7.3 POSPrinters
7.3.1 Printing Customer Receipts At Retail POSCounters Is Among Major Applications of POSPrinters
7.4 Kiosk and Ticket Printers
7.4.1 Growing Demand From Government and Healthcare & Hospitality Applications to Drive Thermal Kiosk and Ticket Printer Market
7.5 RFID Printers
7.5.1 Thermal RFID Printers to Witness Highest Growth in Thermal Printer Market During Forecast Period
7.6 Card Printers
7.6.1 North America to Dominate in Thermal Card Printer Market During Forecast Period

8 Thermal Printer Market, by Format Type
8.1 Introduction
8.2 Industrial Format Printers
8.2.1 Industrial Format Printers to Continue to Account for Largest Share of Thermal Printer Market During 2020–2025
8.3 Desktop Format Printers
8.3.1 Retail, Healthcare, and Hospitality are Among Key Application Areas of Desktop Format Thermal Printers
8.4 Mobile Format Printers
8.4.1 Mobile Format Thermal Printers are Light in Weight, Easy to Use, Durable, and Deliver Rich Print Quality

9 Thermal Printer Market, by Printing Technology
9.1 Introduction
9.2 Direct Thermal
9.2.1 POS Printers Accounted for the Largest Share of Thermal Printer Market for Direct Thermal Technology in 2019
9.3 Thermal Transfer
9.3.1 Barcode Printers, POS Printers, and Kiosk & Ticket Printers are Major Types of Printers in Which Thermal Transfer Technology is Being Used
9.4 Dye Diffusion Thermal Transfer
9.4.1 Card Printers to Account for Largest Size of Thermal Printer Market for Dye Diffusion Thermal Transfer Technology During Forecast Period

10 Thermal Printing Market, by Application
10.1 Introduction
10.2 Retail
10.2.1 Growing Demand for RFID Printers to Drive Thermal Printing Market for Retail Application
10.3 Transportation and Logistics
10.3.1 Enhancing Yard Management and Fleet Management Processes and Tracking Assets are A Few Key Applications of RFID Thermal Printers
10.4 Manufacturing and Industrial
10.4.1 Thermal-Printed Barcode Solutions Help in End-To-End Traceability and Quality Control in Manufacturing & Industrial Environment
10.5 Healthcare and Hospitality
10.5.1 Patient ID Tracking, Specimen/Blood Labelling, Medication Tracking, Staff ID and Access Control, Healthcare Materials Management, and Workflow Automation are a Few Key Applications of Thermal Printers in Healthcare Industry
10.6 Government
10.6.1 Initiatives Taken by Us Government to Increase Safety and Security Is Among Key Factors Leading to High Demand for Thermal Printers in North America
10.7 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 US to continue to account for the largest share of North American thermal printing market during 2020–2025
11.2.2 Canada
11.2.2.1 Rapid growth of E-Commerce, IT, retail, and manufacturing industries is expected to propel the thermal printing market in Canada
11.2.3 Mexico
11.2.3.1 Mexico to witness the highest growth in thermal printing market in North America during the forecast period
11.3 Europe
11.3.1 UK
11.3.1.1 Increasing adoption of thermal printing solutions in healthcare and manufacturing sectors in the UK are among major factors driving the growth of thermal printing market in the UK
11.3.2 Germany
11.3.2.1 Increasing demand from automotive industry positively impacts the thermal printing market in Germany
11.3.3 France
11.3.3.1 France to witness the highest growth in thermal printing market in Europe during the forecast period
11.3.4 Italy
11.3.4.1 Barcode printers and POS printers are major printer types in thermal printer market in Italy
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China
11.4.1.1 China to continue to account for the largest share of APAC thermal printing market in 2025
11.4.2 Japan
11.4.2.1 Healthcare, hospitality, retail, automobile, and transportation are key industries in Japanese thermal printing market
11.4.3 Australia
11.4.3.1 Australia to witness significant growth in thermal printing market in APAC
11.4.4 India
11.4.4.1 Increasing demand for thermal printers from retail and manufacturing & industrial segments is boosting the growth of thermal printing market in India
11.4.5 Rest of APAC
11.5 ROW
11.5.1 Middle East and Africa
11.5.1.1 Retail and manufacturing industries are boosting demand for thermal printers in the Middle East and Africa
11.5.2 South America
11.5.2.1 Increasing industrialization and rising penetration of retail, entertainment, and government applications are expected to drive demand for thermal printers in South America

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis: Thermal Printing Market
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Strength of Product Portfolio
12.5 Business Strategy Excellence
12.6 Competitive Situations and Trends
12.6.1 Product Launches
12.6.2 Expansions and Acquisitions
12.6.3 Partnerships and Collaborations

13 Company Profiles
13.1 Key Players
13.1.1 Zebra Technologies
(Business overview, Products offered, Recent developments, SWOT analysis, and Author's view)*
13.1.2 Sato Holdings
13.1.3 Seiko Epson
13.1.4 Star Micronics
13.1.5 Honeywell International
13.1.6 Bixolon
13.1.7 Fujitsu
13.1.8 Brother Industries
13.1.9 Toshiba TEC
13.1.10 Tsc Auto ID Technology
13.2 Other Companies
13.2.1 NCR Corporation
13.2.2 Avery Dennison
13.2.3 Citizen Systems
13.2.4 Jadak
13.2.5 Rongta Technology (Xiamen) Group
13.2.6 Promach
13.2.7 Cognitivetpg
13.2.8 Shinmei
13.2.9 Seiko Instruments
13.2.10 Axiohm
*Details on Business overview, Products offered, Recent developments, SWOT analysis, and Author's view might not be captured in case of unlisted companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide

Note: Product cover images may vary from those shown

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  • Avery Dennison
  • Axiohm
  • Bixolon
  • Brother Industries
  • Citizen Systems
  • Cognitivetpg
  • Fujitsu
  • Honeywell International
  • Jadak
  • NCR Corporation
  • Promach
  • Rongta Technology (Xiamen) Group
  • Sato Holdings
  • Seiko Epson
  • Seiko Instruments
  • Shinmei
  • Star Micronics
  • TSC Auto ID Technology
  • Toshiba TEC
  • Zebra Technologies
Note: Product cover images may vary from those shown

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