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The Global Printers Market was valued at USD9.42 billion in 2020 and is expected to grow at CAGR of 3.71% during the forecast period. The Global Printers Market is driven by the growing trend of remote working and online education systems in the post-pandemic period. Additionally, the growing popularity of printers among professional photographers and entrepreneurs is expected to elevate the demand for printers, thereby driving the market growth through 2026. Furthermore, the increasing usage of packaging materials by e-commerce industry and home delivery platforms is further expected to fuel the market growth. The leading companies are also investing in R&D to provide additional advanced features in a single printer at a lower cost which will further bolster the market growth over the next few years. Speak directly to the analyst to clarify any post sales queries you may have.
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The Global Printers Market is segmented based on type, technology, print type, application and region. Based on type, the market can be split into single functional and Multi-functional. The multifunctional type is expected to dominate the market in the forecast period due to increase in usage of smart workplace assistant with Wi-Fi connectivity, mobile printing, tablet-like touchscreens, and cloud-connected apps.
Based on technology, the Global Printers Market is segmented into Laser, Inkjet, Others (solid-ink, thermal, Impact, 3D printers etc.). The inkjet printers are dominating the market due to their lower cost and good quality printing. The Laser Printers are expected to show significant growth in the forecast period as well owing to its lower cost per page.
In terms of print type, the market is divided into Image, Painting and Pattern. The image print type held the largest market share in 2020. Moreover, the pattern print type is expected to show major growth in the forecast period due to increasing barcode scanning activities and growth in the textile industry. Based on application, the Global Printers Market is segmented into Packaging, Advertising, and Publishing. The Packaging segment is expected to show the highest growth in the forecast period because of the rise of the packaging industry in emerging economies such as Vietnam and Indonesia.
Considering the geographical landscape, the Global Printers Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Asia-Pacific is expected to dominate the market on account of the expanding economies such as China, India etc. and their large population.
The major players operating in the Printers market are Hewlett-Packard Enterprise Company, Canon Inc., Brother Industries Ltd., Seiko Epson Corporation, Kyocera Corporation, Konica Minolta Inc., Lexmark International Inc., Ricoh Company Ltd., Sharp Corporation, Xerox Holdings Corporation etc. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze historical growth in market size of the Global Printers Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Printers Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Printers Market based on type, technology, print type, application, company, and regional distribution.
- To identify drivers and challenges for the Global Printers Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Printers Market.
- To identify and analyze the profile of leading players operating in the Global Printers Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the Global Printers Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Printers’ manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers.
- Organizations, forums, and alliances related to the Global Printers Market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Printers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Printers Market, By Product Type:
- Single functional
- Multi-functional
Global Printers Market, By Technology:
- Laser
- Inkjet
- Others
- Global Printers Market, By Print Type
- Image
- Painting
- Patterns
- Others
Global Printers Market, By Application:
- Packaging
- Advertising
- Publishing
- Others
Global Printers Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- South America
- Brazil
- Colombia
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Competitive Landscape
- Company Profiles: Detailed analysis of the major companies present in the Global Printers Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Frequently Asked Questions about the Global Printers Market
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Report Attribute | Details |
---|---|
Published | June 2021 |
Forecast Period | 2016 - 2026 |
Estimated Market Value ( USD
| USD 8.53 Million |
Forecasted Market Value ( USD
| USD 11.76 Million |
Compound Annual Growth Rate | 3.2% |
Regions Covered | Global |
Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Printers Market4. Executive Summary12. Market Trends & Developments14. Strategic Recommendations15. About the Publisher & Disclaimer
5. Global Printers Market Outlook
6. North America Printers Market Outlook
7. Europe Printers Market Outlook
8. Asia Pacific Printers Market Outlook
9. South America Printers Market Outlook
10. Middle East and Africa Printers Market Outlook
11. Market Dynamics
13. Competitive Landscape
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Hewlett-Packard Enterprise Company
- Canon Inc.
- Brother Industries, Ltd.
- Seiko Epson Corporation
- Kyocera Corporation
- Konica Minolta, Inc.
- Lexmark International, Inc.
- Ricoh Company, Ltd.
- Sharp Corporation
- Xerox Holdings Corporation