Printer Market Is Expected To Be Dominated By North America Until 2031

Rising demand from SMEs and increasing investments in printing industry are expected to drive the Global Printers Market during the forecast period of 2027-2031.

According to TechSci Research report, “Printers Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021–2031, the Global Printers Market is anticipated to register a robust growth during the forecast period, 2021-2031” The Global Printers Market will grow from USD 53.56 Billion in 2025 to USD 71.33 Billion by 2031 at a 4.89% CAGR.

Increasing demand for better print quality and higher print resolution owing to the consistently expanding advertisement industry, is estimated to drive the market. Rising need of marketers to print visual campaigns such as banner advertisement and graphic-rich posters with high-quality images for display in public spaces is also anticipated to propel sales. Moreover, digitization has been a major game-changer in the printing industry, which includes product personalization, innovation, and communication that aligns closely with the growing capabilities of digital printing. As consumers want the products to be interactive and contain everything there is to know about them, the devices are equipped with technological features, such as QR codes with links to social media, virtual reality, etc.

Additionally, it is predicted that throughout the course of the forecast period, the market for printers would expand due to the increased demand for 3D printers. Before the design is complete, 3D printers shape (or print) physical items layer by layer using a process known as additive processing. Businesses from a variety of sectors from the automotive to the consumer goods are learning about the advantages that 3D printers offer for production.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Printers Market.”

Global Printers Market is segmented into printer type, technology type, printer interface, output type, end-user application, and region. Based on printer type, the market is segmented into multi-functional and standalone.

Based on technology type, the market is further segmented into dot matrix printer, inkjet printer, LED printer, thermal printer, and laser printer.

Based on printer interface, the market is further bifurcated into wired and wireless. Based on output type, the market is further split into color and monochrome. Based on end-user application, the market is further divided into residential, commercial, government, and others.

Based on printer type, multi-function printers are expected to dominate during the forecast period because a multifunctional printer integrates multiple features into one device to provide a higher level of convenience. It helps to organize the company’s printing infrastructure in one place digitally and physically, multifunction printers require less space than having separate devices. It helps to reduce the office utilities by lowering the electricity bill etc. Hence, due to the aforementioned factors the multi-functional printers is expected to increase during the forecast period.

Based on technology type, dot matrix is expected to dominate in the global printers market because the dot matrix printer is used to print address book and handle finance booklet, which is expected to help reduce the load and improve efficiency of the workers in the industry. Hence, the need for the dot matrix printer in the industrial sector is projected to drive the growth of the dot matrix printer. In addition, advanced technologies such as USB interface with dot matrix printer, small cartilage, and software allow control on the dot matrix printer. Hence, due to such advanced technologies, huge opportunities are penetrating the growth of dot matrix segment in the market.

Based on region, in terms of market share and revenue, North America dominates the global printers market and is expected to maintain this dominance throughout the forecast period. This is as a result of the presence of significant key players in this region.

Major market players operating in the Global Printers Market are:

• Hewlett-Packard Enterprise Company
• Canon Inc.
• Brother Industries, Ltd.
• Seiko Epson Corporation
• Kyocera Corporation
• Konica Minolta, Inc.
• Lexmark International, Inc.
• Ricoh Company, Ltd.
• Sharp Corporation
• Xerox Holdings Corporation

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The growing demand for high-quality photographs is one of the major factors affecting the industry. Moreover, the printing of expert data and business presentations on large-format printers is on the rise. Owing to this and the global expansion of the printing industry, the market is growing. Moreover, 3D printing is being used more frequently due to its high level of precision, efficient use of raw materials, decreased production time and costs, capacity to make customized objects, and capacity to print several materials simultaneously. This is having a favorable impact on the market, as is the rising need for printers to print crucial papers including accounting files, personnel information, and business policies in corporate sectors.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Printers Market - Global Industry Size, Share, Trends, Opportunities, and Forecast Segmented By Printer Type (Multi-functional and Standalone), By Technology Type (Dot Matrix Printer, Inkjet Printer, LED Printer, Thermal Printer, and Laser Printer), By Printer Interface (Wired and Wireless), By Output Type (Color and Monochrome), By End-User Application (Residential, Commercial, Government, and Others), By Region, Competition 2021-2031F”, has evaluated the future growth potential of Global Printers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Printers Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: https://www.techsciresearch.com