What is the current market size and future outlook for the printer market?
The printer market size has grown marginally in recent years. It will grow from $15.1 billion in 2024 to $15.23 billion in 2025 at a compound annual growth rate (CAGR) of 0.8%. 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 marginal growth in the next few years. It will grow to $15.75 billion in 2029 at a compound annual growth rate (CAGR) of 0.8%. 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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How have varous drivers impacted the growth of the printer market?
The growth in packaging industry is expected to propel the growth of the printer market going forward. Packaging industry involves creating and utilizing materials and containers that safeguard, maintain, and facilitate the transportation of products. The growth in the packaging industry is attributed to rising consumer demand, innovations in technology, and an increase in e-commerce activities. Printers support the packaging industry by enabling high-quality, customizable designs, labels, and barcodes that enhance brand visibility, provide essential product information, and meet regulatory requirements. For instance, in November 2023, according to the International Trade Administration, conducted by the Department of Commerce, a US-based government agency, an estimated packaging industry saw a 25% increase, rising from USD 710 million in 2021 to USD 906 million in 2022. Therefore, the growth in packaging industry is driving the printer market.
What are the primary segments of the printer market?
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
Subsegments:
1) By Dot-Matrix Printers: Impact Dot-Matrix Printers, Serial Dot-Matrix Printers
2) By Line Printers: Chain Printers, Drum Printers
3) By Daisy-Wheel Printers: Standard Daisy-Wheel Printers, High-Speed Daisy-Wheel Printers
4) By Laser And LED Printers: Color Laser Printers, Monochrome Laser Printers, LED Printers
5) By Mono Printers: Black And White Printers, Thermal Printers
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Which firms are leading the printer market?
Major companies operating in the printer market include Hewlett-Packard Company (HP), 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., Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation
How will industry trends affect the trajectory of the printer market?
Advancing technologies are gaining popularity in the printer market. Major companies operating in the printing industry are focusing on developing advanced technology solutions for printers. For instance, in July 2022, Sharp Electronics of Canada Ltd., a Canada-based distributor of office equipment and electronic consumer goods, announced the new BP Advanced and Essentials Multifunctional Printer Series. The elegant cabinet design with easy-roll casters, soft-close paper drawers, and contemporary color scheme make this series a perfect fit for any office environment. Improved cloud service connectivity, such as with Microsoft Teams, makes it simple to streamline communication, and native Microsoft Universal Print capability facilitates integration with Microsoft 365 environments that benefit from simplified print management. Innovative features like multi-feed scan detection and improved auto skew correction help ensure jobs are done correctly the first time, every time. With the 300-sheet duplexing single pass feeder on Advanced Series models, users can scan documents at up to 280 images per minute.
Which geographic trends are shaping the printer market, and which region has the highest market share?
The countries covered in the printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Printer Market Report 2025 Offer?
The printer market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The printer market refers to the sector that includes various printing devices such as inkjet, laser, and 3D printers used for producing documents and images. The printers offer cost-effective printing, time efficiency, enhanced confidentiality, customization and control, versatility and variety, and other benefits for users.
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