IMARC Group, a leading market research company, has recently releases report titled “Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Printer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big Is The Printer Market?

The global printer market size reached US$ 47.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.07% during 2023-2028.

What are Printer?

A printer represents an external hardware output device that converts electronic data, such as images and text, from a computer or other devices into hard copies. Some of the common product types include dot matrix printers, inkjet printers, light-emitting diode printers, thermal printers, laser printers, etc. These printer products offer customizable results, easy accessibility, and high-quality output. They are extremely convenient to use for scanning and making multiple copies of documents. Consequently, printers find extensive applications across several sectors, including media and entertainment (M&E), education, corporate, public, etc.,

What Are The Growth Prospects And Trends In The Printer Industry?

The emerging trend of mobile printing and the escalating need for packaging printing solutions are among the key factors driving the printer market. Additionally, the inflating demand for cloud-based printing technologies and the launch of A4 printers are acting as significant growth-inducing factors. Moreover, the elevating requirement for large format printers to print professional data and business presentations and the rising usage of dot matrix printers in point-of-sale (POS) terminals, cash registers, ATMs, etc., are also positively influencing the global market. Besides this, the growing integration of advanced technologies by leading market players for launching drip-free refilling mechanisms and affordable product variants with reduced printing interruptions is further propelling the market growth. In line with this, the development of wireless printers to suit with the considerably improving network infrastructure, the expanding product adoption in the education segment to print numerous learning and teaching materials, and the increasing product availability through e-commerce platforms are expected to catalyze the printer market over the forecasted period.

What Is Included In Market Segmentation?

The report has segmented the market into the following categories:

Breakup by Printer Type:

  • Multi-Functional
  • Standalone

Breakup by Technology Type:

  • Dot Matrix Printer
  • Inkjet Printer
  • LED Printer
  • Thermal Printer
  • Laser Printer

Breakup by Printer Interface:

  • Wired
  • Wireless

Breakup by End User:

  • Residential
  • Commercial
  • Educational Institutions
  • Enterprises
  • Government
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including: 

  • 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.

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