Report Description

Global Printers Market is expected to grow during the forecast period owing to factors such as increasing demand for sustainable printers, growing investments in printers’ market, and rising demand from SMEs, etc. For instance, in January 2023, 60% of organisations in Egypt are concerned about energy use of printers, with 61% wanting to reduce energy costs. In line with customer needs, Epson commits to sustainability advantages of Heat-Free inkjet technology and launch new inkjet products to complete its business printer range. Moreover, in December 2021, Print Digital Media has made a significant investment, with the firm investing in equipment which will enable it to print 400,000 sheets per day.

A printer is a hardware output device that is used to generate hard copy and print any document. Printers are one of the most popular computer peripherals and are commonly used to print text and photos. Furthermore, the growing demand for combining mobility and document solutions is driving the printer market growth. Employees that work remotely in a warehouse should be able to print labels by connecting the portable printer with their mobile device.

Work-from-home and remote working acceptance will spur the global printer market expansion. During the pandemic, at least 62% of businesses in all the regions shifted to remote working. The necessary tools had to be given to workers in order to make the transition to a mobile workforce. The demand for printers is mostly driven by industries such as sales, logistics, and retail, which require instant printing of receipts, tokens, tickets, invoices, shipping labels, barcodes, etc. The increasing global internet penetration is also expected to be a major driver of the printer market. It is predicted that there will be 75.58 billion IoT devices (smart gadgets connected to the internet) deployed globally by 2025.

The growing focus of enterprises toward paperless work is challenging the printer market growth. The increased penetration of wireless communications and smart devices has enabled the seamless exchange of information among end-users. These solutions have become increasingly popular among commercial and enterprise end-user segments. For instance, in conference rooms and classrooms, the presence of smart devices such as interactive whiteboards, surface displays, and interactive flat panels have reduced the need for hard copies and printing. To minimize the use of paper, many end-user segments are encouraging paperless solutions and go-green initiatives. All these factors have a negative impact on the revenue growth of the global printer market.

Government Initiative: AM Forward initiative

In May 2022, the government of United States launched a new program called Additive Manufacturing Forward (AM Forward). This federal initiative aims to use today’s 3D printing technologies to improve supply chain resilience for the US manufacturers. By accelerating adoption of additive manufacturing (AM) across small and medium-sized companies, each of these AM-powered manufacturers will in turn contribute to building resilient supply chains for the U.S.-based domestic manufacturing ecosystem, while also using 3D printing to improve their industrial competitiveness. As a result of this, the demand for printers is expected to witness a robust across the country.

Global Printers Market: Trends

The primary trend driving the expansion of the printer market is the integration of cutting-edge security solutions into printers. Network connections are used by businesses for their printing needs. The corporate WAN or other connected networks are used to carry out these printing activities. Some printers include internal data storage as well, which helps them process print jobs quickly. Unprotected printers, however, can be simple targets for hackers and cybersecurity problems. Cybersecurity problems can include malware installation for remote printer control, DoS attacks, hackers stealing stored documents from a printer's memory, and hackers targeting printers. Since printers can hold important data including customer information, personnel records, and confidential company information, these problems lead to a significant difficulty. Printers have been targets of an increase in cyberattacks. So, businesses are putting more of an emphasis on setting up strong security measures to guarantee the integrity of their printer systems. Advances in printing technology and the possibility of cyberattacks on printers will lead to a rise in the use of cybersecurity tools for portable printers, which will in turn help the worldwide printers market grow over the course of the forecast period.

Global Printers Market: Drivers

The growing demand from SMEs is causing the printer market to grow dramatically. SMEs have a significant impact on a nation's gross domestic product (GDP). SMEs also contribute significantly to employment in numerous countries, including Germany, China, Japan, and India. As a result, SMEs are essential to a nation's economic growth, particularly in terms of production, employment creation, export contribution, and aiding in the fair distribution of income. One of the crucial office tools for SMEs is a printer because it enables them to print a variety of papers, including invoices, advertisements, and memoranda for use between offices. Small and medium-sized enterprises (SMEs) have different printing needs than major corporations and ordinary home printers. Businesses require an economical printer as well as supplies such as paper and ink or toner cartridges. The majority of SMEs also face space and financial limitations. As a result, SMEs invest primarily in multifunction printing equipment that can meet their company needs at a low cost. As a result, SMEs are projected to experience significant growth in a number of nations, which will aid in the market's growth over the course of the forecast period.

Global Government Investment in 3D Printing Projects:

Governments all around the world are launching programs and providing financing to educational institutions, research facilities, and research and technology organisations to further study the possibilities offered by 3D printing technology and promote its growth. National programmes have been put in place in the US, UK, and Canada to support university-level 3D printing research, promote technology, and foster the creation of start-ups. Industrialists and governments all around the world are becoming interested in 3D printing as new applications for the technology emerge. For instance, the UK National Strategy for Additive Manufacturing expects to create 60,000 employments across industries and gross value added (GVA) of USD 3831.31 each year by 2025. The plan shows a comprehensive list of suggestions created by workgroups in charge of particular subjects.

Global Printers Market: Challenges

The major challenges in the printer industry are digitization trends, declining demand from industries such as banking, advertising, postal services as digital channels have already taken over. Price pressures with declining demand and increasing asset costs also hit the margins of printing businesses. The decline in printing demand is not a result of a drop in demand, but rather a result of firms not modernising to meet new expectations. Industry education may play a significant role in helping SMEs become more digital enterprises in this situation. Moreover, the issue of skyrocketing expenses is another major difficulty the printing sector is currently facing. For the time being at least, it appears that the era of cheap interest rates, low inflation, and supply networks that operate mostly without interruption is ended. Printing has traditionally been a fairly expensive sector of the economy. The development of the global printers market is expected to be hampered by everything from the printing apparatus to the material you print on.


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Market Segments

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 segmented into dot matrix printer, inkjet printer, LED printer, thermal printer, and laser printer. Based on printer interface, the market is segmented into wired and wireless. Based on output type, the market is further bifurcated into color and monochrome. Based on end-user application, the market is segmented into residential, commercial, government, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa.

 

Market Players

Major market players 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, and Xerox Holdings Corporation.

Recent Developments

  • In April 2022, Siemens and 3D printing company Xerox Elem Additive Solutions announced a joint collaboration. Xerox is a well-known American technology company that has recently started to enter into the field of additive manufacturing with their innovative new metal technology. The goal of the future cooperation is notably to strengthen the capacities of metal 3D printing in both companies.
  • In November 2022, HP and Brett Martin celebrated their new Approved Partners relationship by collaborating at PRINTING United in Las Vegas. HP has previously used Brett Martin substrates in their Graphics Experience Center in Georgia but this was the first time the companies had worked together at an exhibition.   
  • In May 2022, Inèdit Software and Transfertex entered into a strategic partnership that will allow users to buy designs online through the myTFX platform and pay only for the meters they print using neoStampa Rip Software in Digital Printers.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Printer Type

By Technology Type

By Printer Interface

By Output Type

By End-User Application

By Region

Regional Scope

Asia-Pacific, Europe, North America, South America, Middle East & Africa

Country scope

China, Japan, South Korea, India, Germany, France, Italy, Spain, United Kingdom, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia

Key companies profiled

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

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Printers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Printers Market, By printer type:
    • Multi-functional
    • Standalone
  • Printers Market, By Technology Type:
    • Dot Matrix Printer
    • Inkjet Printer
    • LED Printer
    • Thermal Printer
    • Laser Printer
  • Printers Market, By Printer Interface:
    • Wired
    • Wireless
  • Printers Market, By Output Type:
    • Color
    • Monochrome
  • Printers Market, By End-User Application:
    • Residential
    • Commercial
    • Government
    • Others
  • Printers Market, By Region:

o   Asia Pacific

§  China

§  Japan

§  South Korea

§  India

o   Europe

§  Germany

§  France

§  Italy

§  Spain

§  United Kingdom

o   North America

§  United States

§  Mexico

§  Canada

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  UAE

§  Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Printers Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·   Detailed analysis and profiling of additional market players (up to five).

Global Printers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Study

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Methodology Followed for Calculation of Market Size

2.3.  Methodology Followed for Calculation of Market Shares

2.4.  Methodology Followed for Forecasting

3.    Executive Summary

4.    Impact of COVID-19 on Global Printers Market

5.    Voice of Customer

5.1.  Factors to Consider when Choosing a vendor

5.2.  Brand Awareness

5.3.  Key challenges faced

6.    Global Printers Market Outlook

6.1.   Market Size & Forecast

6.1.1.                           By Value

6.2.   Market Share & Forecast

6.2.1.                           By Printer Type (Multi-functional and Standalone)

6.2.2.                           By Technology Type (Dot Matrix Printer, Inkjet Printer, LED Printer, Thermal Printer, and Laser Printer)

6.2.3.                           By Printer Interface (Wired and Wireless)

6.2.4.                           By Output Type (Colour and Monochrome)

6.2.5.                           By End-user Application (Residential, Commercial, Government, and Others)

6.2.6.                           By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)

6.2.7.                           By Company (2022)

6.3.  Market Map (By Printer Type, By Technology Type, By Printer Interface, By Output Type, By End-user Application, By Region)

7.    Asia-Pacific Printers Market Outlook

7.1.  Market Size & Forecast

7.1.1.                By Value

7.2.   Market Share & Forecast

7.2.1.               By Printer Type

7.2.2.               By Technology Type

7.2.3.               By Printer Interface

7.2.4.               By Output Type

7.2.5.               By End-user Application

7.2.6.               By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.               China Printers Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.     By Printer Type

7.3.1.2.2.     By Technology Type

7.3.1.2.3.     By Printer Interface

7.3.1.2.4.     By Output Type

7.3.1.2.5.     By End-user Application

7.3.2.               Japan Printers Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.     By Printer Type

7.3.2.2.2.     By Technology Type

7.3.2.2.3.     By Printer Interface

7.3.2.2.4.     By Output Type

7.3.2.2.5.     By End-user Application

7.3.3.               South Korea Printers Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.     By Printer Type

7.3.3.2.2.     By Technology Type

7.3.3.2.3.     By Printer Interface

7.3.3.2.4.     By Output Type

7.3.3.2.5.     By End-user Application

7.3.4.               India Printers Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.     By Printer Type

7.3.4.2.2.     By Technology Type

7.3.4.2.3.     By Printer Interface

7.3.4.2.4.     By Output Type

7.3.4.2.5.     By End-user Application

8.    Europe Printers Market Outlook         

8.1.   Market Size & Forecast

8.1.1.                By Value

8.2.   Market Share & Forecast

8.2.1.               By Printer Type

8.2.2.               By Technology Type

8.2.3.               By Printer Interface

8.2.4.               By Output Type

8.2.5.               By End-user Application

8.2.6.               By Country

8.3.  Europe: Country Analysis

8.3.1.               Germany Printers Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.     By Printer Type

8.3.1.2.2.     By Technology Type

8.3.1.2.3.     By Printer Interface

8.3.1.2.4.     By Output Type

8.3.1.2.5.     By End-user Application

8.3.2.               France Printers Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.     By Printer Type

8.3.2.2.2.     By Technology Type

8.3.2.2.3.     By Printer Interface

8.3.2.2.4.     By Output Type

8.3.2.2.5.     By End-user Application

8.3.3.               Italy Printers Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.     By Printer Type

8.3.3.2.2.     By Technology Type

8.3.3.2.3.     By Printer Interface

8.3.3.2.4.     By Output Type

8.3.3.2.5.     By End-user Application

8.3.4.               Spain Printers Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.            By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.     By Printer Type

8.3.4.2.2.     By Technology Type

8.3.4.2.3.     By Printer Interface

8.3.4.2.4.     By Output Type

8.3.4.2.5.     By End-user Application

8.3.5.               United Kingdom Printers Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.            By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.     By Printer Type

8.3.5.2.2.     By Technology Type

8.3.5.2.3.     By Printer Interface

8.3.5.2.4.     By Output Type

8.3.5.2.5.     By End-user Application

9.    North America Printers Market Outlook

9.1.   Market Size & Forecast

9.1.1.     By Value

9.2.   Market Share & Forecast

9.2.1.               By Printer Type

9.2.2.               By Technology Type

9.2.3.               By Printer Interface

9.2.4.               By Output Type

9.2.5.               By End-user Application

9.2.6.               By Country

9.3.  North America: Country Analysis

9.3.1.               United States Printers Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.     By Printer Type

9.3.1.2.2.     By Technology Type

9.3.1.2.3.     By Printer Interface

9.3.1.2.4.     By Output Type

9.3.1.2.5.     By End-user Application

9.3.2.               Mexico Printers Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.     By Printer Type

9.3.2.2.2.     By Technology Type

9.3.2.2.3.     By Printer Interface

9.3.2.2.4.     By Output Type

9.3.2.2.5.     By End-user Application

9.3.3.               Canada Printers Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.     By Printer Type

9.3.3.2.2.     By Technology Type

9.3.3.2.3.     By Printer Interface

9.3.3.2.4.     By Output Type

9.3.3.2.5.     By End-user Application

10. South America Printers Market outlook

10.1.  Market Size & Forecast

10.1.1.             By Value

10.2.   Market Share & Forecast

10.2.1.            By Printer Type

10.2.2.            By Technology Type

10.2.3.            By Printer Interface

10.2.4.            By Output Type

10.2.5.            By End-user Application

10.2.6.            By Country

10.3.  South America: Country Analysis

10.3.1.            Brazil Printers Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.          By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.  By Printer Type

10.3.1.2.2.  By Technology Type

10.3.1.2.3.  By Printer Interface

10.3.1.2.4.  By Output Type

10.3.1.2.5.  By End-user Application

10.3.2.            Argentina Printers Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.          By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.  By Printer Type

10.3.2.2.2.  By Technology Type

10.3.2.2.3.  By Printer Interface

10.3.2.2.4.  By Output Type

10.3.2.2.5.  By End-user Application

10.3.3.            Colombia Printers Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.          By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.  By Printer Type

10.3.3.2.2.  By Technology Type

10.3.3.2.3.  By Printer Interface

10.3.3.2.4.  By Output Type

10.3.3.2.5.  By End-user Application

11. Middle East & Africa Printers Market Outlook

11.1.  Market Size & Forecast

11.1.1.             By Value

11.2.   Market Share & Forecast

11.2.1.            By Printer Type

11.2.2.            By Technology Type

11.2.3.            By Printer Interface

11.2.4.            By Output Type

11.2.5.            By End-user Application

11.2.6.            By Country

11.3.  Middle East & Africa: Country Analysis

11.3.1.            South Africa Printers Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.          By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.  By Printer Type

11.3.1.2.2.  By Technology Type

11.3.1.2.3.  By Printer Interface

11.3.1.2.4.  By Output Type

11.3.1.2.5.  By End-user Application

11.3.2.            UAE Printers Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.          By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.  By Printer Type

11.3.2.2.2.  By Technology Type

11.3.2.2.3.  By Printer Interface

11.3.2.2.4.  By Output Type

11.3.2.2.5.  By End-user Application

11.3.3.            Saudi Arabia Printers Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.          By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.  By Printer Type

11.3.3.2.2.  By Technology Type

11.3.3.2.3.  By Printer Interface

11.3.3.2.4.  By Output Type

11.3.3.2.5.  By End-user Application

12. Market Dynamics                                                                                                      

12.1.             Drivers

12.1.1. Increasing Work from Home (WFH) Culture

12.1.2. Increasing Demand for 3D Printing                        

12.2.             Challenges

12.2.1. Growth In Cloud-Based Web Applications, Such as Google Drive and Gmail

12.2.2. Lack Of Standardization of Machines                                                     

13. Market Trends and Developments

14. Competitive Landscape

14.1.             Competition Outlook                                                                                  

14.2.             Company Profiles

14.2.1. Hewlett-Packard Enterprise Company

14.2.1.1.  Business Overview

14.2.1.2.  Key Personnel

14.2.1.3.  Recent Developments

14.2.1.4.  Financials (If Available)

14.2.1.5.  Geographical Presence

14.2.2. Canon Inc.

14.2.2.1.  Business Overview

14.2.2.2.  Key Personnel

14.2.2.3.  Recent Developments

14.2.2.4.  Financials (If Available)

14.2.2.5.  Geographical Presence

14.2.3. Brother Industries, Ltd.

14.2.3.1.  Business Overview

14.2.3.2.  Key Personnel

14.2.3.3.  Recent Developments

14.2.3.4.  Financials (If Available)

14.2.3.5.  Geographical Presence

14.2.4. Seiko Epson Corporation

14.2.4.1.  Business Overview

14.2.4.2.  Key Personnel

14.2.4.3.  Recent Developments

14.2.4.4.  Financials (If Available)

14.2.4.5.  Geographical Presence

14.2.5. Kyocera Corporation

14.2.5.1.  Business Overview

14.2.5.2.  Key Personnel

14.2.5.3.  Recent Developments

14.2.5.4.  Financials (If Available)

14.2.5.5.  Geographical Presence

14.2.6. Konica Minolta, Inc.

14.2.6.1.  Business Overview

14.2.6.2.  Key Personnel

14.2.6.3.  Recent Developments

14.2.6.4.  Financials (If Available)

14.2.6.5.  Geographical Presence

14.2.7. Lexmark International, Inc.

14.2.7.1.  Business Overview

14.2.7.2.  Key Personnel

14.2.7.3.  Recent Developments

14.2.7.4.  Financials (If Available)

14.2.7.5.  Geographical Presence

14.2.8. Ricoh Company, Ltd.

14.2.8.1.  Business Overview

14.2.8.2.  Key Personnel

14.2.8.3.  Recent Developments

14.2.8.4.  Financials (If Available)

14.2.8.5.  Geographical Presence

14.2.9. Sharp Corporation

14.2.9.1.  Business Overview

14.2.9.2.  Key Personnel

14.2.9.3.  Recent Developments

14.2.9.4.  Financials (If Available)

14.2.9.5.  Geographical Presence

14.2.10.  Xerox Holdings Corporation

14.2.10.1.  Business Overview

14.2.10.2.  Key Personnel

14.2.10.3.  Recent Developments

14.2.10.4.  Financials (If Available)

14.2.10.5.  Geographical Presence

15. Strategic Recommendations

15.1.  Dominating Market by Printer Type

15.2.  Dominating Market by Technology Type

15.3.  Dominating Market by Region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Based on printer type, the market is further bifurcated into standalone and multi-functional.

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The key growth strategies of printer market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

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The key factors driving the market’s growth include the introduction of new advanced technologies in printers, increasing demand from small-medium enterprises (SMEs) and growing demand for high-quality pictures whereas challenging factors include increasing pace of digitalization in several industry, growth in cloud-based web applications, such as google drive and Gmail and lack of standardization of machines.

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The key players in the global printers market include 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, and Xerox Holdings Corporation.

profile

Sakshi Bajaal

Business Consultant
Press Release

Printer Market Is Expected To Be Dominated By North America Until 2028

May, 2023

Rising demand from SMEs and increasing investments in printing industry are expected to drive the Global Printers Market during the forecast period of 2024-2028.