Printer Global Market Report 2023

“Printer Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on printer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for printer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The printer market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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; Monochrome

5) By End-user Applications: Residential; Commercial; Educational Institutions; Enterprises; Government; Other Applications

Companies Mentioned: Brother Industries Ltd.; Seiko Epson Corp; Hewlett-Packard Company (HP); Canon; Ricoh

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the printer market are: Brother Industries Ltd, Seiko Epson Corp, Hewlett-Packard Company (HP), Canon, Ricoh, Samsung Electronics Co. Ltd, Konica Minolta Inc., Hitachi, Zebra Technologies, Lexmark International Inc., Printek LLC, Durst, Bixolon Co. Ltd, Fujitsu, Honeywell International Inc, Polaroid Corporation, Inca Digital Printers, Toshiba Tec Corporation, Kyocera Corp., Sharp Corp., Agfa and Gevaert and Eastman Kodak Company.

The global printer market will grow from $10.71 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The printer market is expected to grow to $14.18 billion in 2027 at a CAGR of 5.7%.

The printer market consists of sales of printers, which are output devices that can be connected to computers to print paper documents. This includes text documents, images, or a combination of both. It can be distinguished as impact or non-impact printers. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

A printer is a device that receives text and graphics output from a computer and sends that information to generate a hard copy.

The North America was the largest region in the printer market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the printer market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of printers are dot-matrix printers, line printers, daisy-wheel printers, laser and led printers, mono printers. A dot-matrix printer is an impact printer that uses pins impacting an ink ribbon to print. The technology used are inkjet, thermal, and impact and can be wired or wireless. The various types of output are color and monochrome and used by residential, commercial, educational institutions, enterprises, government and other end users.

The rising demand for 3D printers is anticipated to propel the growth of the printer market over the forecast period. 3D printers use a technique called additive processing to shape (or print) physical objects layer by layer before the design is finished. Companies across industries, from automotive to consumer products, are becoming aware of the benefits of 3D printers provide for production. For instance, in August 2021, Shapeways Holdings, Inc., a US-based marketplace and service for 3D printing, in the study, 63% strongly agreed that their firm is developing confidence in 3D printing at scale, and 87% agreed that severe pandemic-related supply chain disruptions spurred 3D printing investments. Investments in 3DP are anticipated to yield a variety of advantages, including higher labor productivity (64%), increased asset utilization (57%), and lower inventory costs (46%). Therefore, the rising demand for 3D printers drives the growth of the printer market.

High operating costs of the printer is a key factor that hinders the growth of the printer market. The most affordable type of printer is inkjet printers, but they are expensive to operate. These low-cost printers use ink cartridges, one black, and one color cartridge to work and it can cost $40 to $60 to purchase brand name substitutes for both. If users print a lot, they will have to replace them regularly and the complete set of replacement color ink cartridges may exceed the original price of an inkjet printer in some cases. Therefore, the high operating costs of printers will restrict the printer market growth in the coming years.

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.

In October 2021, Acacia Research Corporation, a US-based company that acquires, develops, and licenses patented technologies acquired Printronix Holding Corp. for $33 million. Printronix's acquisition aligns with Acacia's strategic focus on acquiring high-potential businesses that can effectively leverage Acacia's significant capital resources and operational expertise. Printronix Holding Corp. is a US-based developer and manufacturer of printers.

The countries covered in the printer market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The printer market research report is one of a series of new reports from The Business Research Company that provides printer market statistics, including printer industry global market size, regional shares, competitors with a printer market share, detailed printer market segments, market trends and opportunities, and any further data you may need to thrive in the printer industry. This printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.