IMARC Group has recently released a new research study “Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Printer Industry ?
The global printer market size reached US$ 61.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 61.9 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20%during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Printer Market?
A printer is an external hardware output device that converts digital information from computers or other devices, such as text and images, into a hard copy. It is widely used in dentistry, biotechnology, information systems, aerospace engineering, and archaeology. It offers customizable results, high-quality output, and easy accessibility and is reliable and efficient. As a result, the printer finds extensive applications in corporate, media and entertainment (M&E), education, and public sectors across the globe.
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What are the major market drivers in the Printer Market ?
The global printer market is primarily driven by the rising demand for high-quality pictures. Moreover, there has been a rise in the use of large-format printers for printing business presentations and professional data. In line with this, the rapid expansion in the printing industry is positively influencing the market growth.
Additionally, improving educational facilities due to the rising government funding in numerous countries has augmented the demand for printing learning and teaching materials. Besides this, the increasing demand for printers in the corporate sector to print essential papers, including financial files, employee information, and company policies, is propelling the market growth. Furthermore, the development of wireless printers due to significant improvements in network infrastructure is contributing to market growth. Other factors, including emerging e-commerce platforms, the rising number of small and medium-sized enterprises, and technological advancements, are also anticipated to drive the market further.
What are the major market drivers in the Printer Market?
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
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Printer Type:
- Multi-Functional
- Standalone
Multi-functional represents one of the commonly used printer types as it reduces costs, saves space and assists in better document management.
Breakup by Technology Type:
- Dot Matrix Printer
- Inkjet Printer
- LED Printer
- Thermal Printer
- Laser Printer
Inkjet printer accounts for the majority of the total market share on account of its portability, low cost and high-quality output.
Breakup by Printer Interface:
- Wired
- Wireless
On the basis of the printer interface, the market has been bifurcated into wire and wireless variants.
Breakup by End User:
- Residential
- Commercial
- Educational Institutions
- Enterprises
- Government
- Others
Printers find extensive application in the commercial sector due to the growing advertising needs of organizations worldwide.
By Geography
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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