PUBLISHER: Grand View Research | PRODUCT CODE: 1813847
PUBLISHER: Grand View Research | PRODUCT CODE: 1813847
The global multifunctional printer market size was estimated at USD 32.09 billion in 2024 and is projected to reach USD 55.54 billion by 2033, growing at a CAGR of 6.4% from 2025 to 2033, driven by increasing demand for wireless and cloud-enabled printing solutions, rising adoption of multifunctional devices among SMEs and home offices, and the expansion of managed print services across enterprise environments.
In addition, growing digitalization in emerging markets and the need for cost-effective, space-saving, and energy-efficient printing solutions are further accelerating market growth. The global multifunctional printer industry is being significantly propelled by a combination of workplace transformation, regulatory mandates, and technological convergence. One of the most impactful trends is the expansion of remote and hybrid work environments across both public and private sectors. This shift has extended enterprise printing needs beyond the traditional office, prompting the formalization of remote-printing policies. For instance, U.S. federal guidelines now restrict unsanctioned home printing and enforce strict approval and disposal protocols for printed materials. These measures are influencing product design, pushing OEMs to embed encrypted print queues, mobile-controlled release features, and remote monitoring capabilities into modern MFPs. This evolution is not only addressing security concerns but also aligning with the decentralized nature of today's workforce, thereby boosting demand across both enterprise and small office/home office segments.
Simultaneously, the market is experiencing a surge in sustainability-driven innovation. Increasing environmental regulations and corporate ESG commitments are compelling manufacturers to develop energy-efficient MFPs that meet stringent benchmarks. Regulatory frameworks like the EPA's Energy Star program have continually revised operational efficiency requirements, encouraging manufacturers to reduce power consumption in sleep and idle modes and prioritize features such as automatic duplex printing. In response, OEMs have integrated power-saving firmware, recyclable toner cartridges, and lower-emission components, resulting in greener product portfolios that resonate with environmentally conscious buyers. These developments are further enhancing purchasing decisions in markets like Europe and North America, where sustainability is a strategic priority.
Global Multifunctional Printer Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global multifunctional printer market report based on type, output type, connectivity, and region.