IMARC Group, a leading market research company, has recently releases report titled “Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global printer market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Printer Market
A printer serves as an indispensable tool for converting electronic data into tangible documents, thereby facilitating seamless information dissemination. It operates on diverse technologies, including inkjet, laser, thermal, and dot matrix, catering to different requirements and offering distinct advantages. It enables efficient and high-quality printing at an impressive speed with the evolution of technology. As result, it finds extensive usage in offices, educational institutions, retail outlets, healthcare facilities, and homes across the globe.
How Big Is the Printer Market?
The global printer market size reached US$ 47.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.07% during 2023-2028.
Global Industry Trends and Drivers:
At present, rapid digitization of business processes represents one of the key factors supporting the growth of the market. Moreover, the increasing prevalence of electronic communication is driving the need for physical documents, especially for legal contracts, invoices, and official reports, which is propelling the growth of the market. In addition, businesses are investing in advanced printers that offer enhanced efficiency and cost-effectiveness in generating vital hard copies. Besides this, the escalating demand for remote work and mobile printing solutions is catalyzing the demand for portable and wireless printers around the world. In line with this, the rising demand for advanced printers that help print from various devices, such as smartphones, tablets, and laptops, irrespective of location is offering lucrative growth opportunities to industry investors. Consequently, manufacturers are incorporating seamless connectivity features like Wi-Fi and Bluetooth to cater to this demand.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Printer Type:
- Multi-Functional
- Standalone
Breakup by Technology Type:
- Dot Matrix Printer
- Inkjet Printer
- LED Printer
- Thermal Printer
- Laser Printer
Breakup by Printer Interface:
- Wired
- Wireless
Breakup by End User:
- Residential
- Commercial
- Educational Institutions
- Enterprises
- Government
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Brother Industries Ltd., Canon Inc., FUJIFILM Corporation, Fujitsu Limited, Hitachi Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., KYOCERA Corporation, Panasonic Corporation, Ricoh Company Ltd., Roland DG Corporation, Seiko Epson Corporation, Toshiba Corporation and Xerox Corporation.
