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Global Portable Printer Market to Reach US$ 18.31 Billion by 2027, Impelled by Rising Internet Penetration

Published on Sep 19, 2022

According to the latest report by IMARC Group, titled “Portable Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global portable printer market reached a value of US$ 11.75 Billion in 2021. A portable printer refers to a lightweight peripheral device that converts electronic data like text and images into hard copies via Bluetooth or a universal serial bus (USB). It can be self-powered or connected to an alternate power source. Business travelers extensively carry a portable printer to print photos and documents. It is also used across restaurants, petrol pumps, grocery stores, hotels, and credit card terminals to print bill receipts. As compared to the traditional printer, a portable printer is smaller, compact, wireless, and easily maneuverable. Apart from this, it offers easy paper loading, flexible function, and wireless operation, making it suitable for different industrial verticals, such as retail, healthcare, and transportation.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Portable Printer Market Trends-

The rising internet penetration and the growing utilization of smart devices, such as tablets and smartphones, across the globe are creating a positive outlook for the market. Portable printers are widely used in various end-use industries as they provide accessibility and flexibility to the user to print the documents as per the requirements. Moreover, the increasing demand for compact size and on-demand printing capacity, which involves greater mobility and flexibility in the documentation process and enhances business operation, is favoring the market growth. Apart from this, the introduction of innovative portable printers that help automatically set the printer's print speed and darkness is providing an impetus to the market growth. In line with this, the widespread product adoption in special printing applications, such as radio-frequency identification (RFID) labels, barcodes, tickets, tags, and receipts, is acting as another growth-inducing factor. Additionally, the increasing product demand for enhancing customer experience by issuing pick-up notices and delivery receipts at the point of delivery (PoD) is positively influencing the market growth. Other factors, including the rising expenditure capacities of consumers, extensive research and development (R&D) activities, and the increasing adoption of the bring your own device (BYOD) policy at workplace, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 18.13 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027.  

Market Summary:

  • On the basis of technology, the market has been classified into inkjet, thermal, and impact.
  • Based on the connectivity, the market has been divided into wireless, USB, Bluetooth, and ethernet.
  • On the basis of the distribution channel, the market has been bifurcated into online and offline.
  • Based on the industry vertical, the market has been divided into healthcare, retail, telecom, transportation and logistics, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.?
  • The competitive landscape of the industry has also been examined, with some of the key players being Bixolon Co. Ltd., Brother Industries Ltd., Canon Inc., Citizen Systems Japan Co. Ltd. (The Citizen Watch Company Ltd.), Fujitsu Limited, Hewlett-Packard Development Company LP, Honeywell International Inc., Printek LLC., Sato Holdings Corporation, Seiko Epson Corporation, Star Micronics Co. Ltd. and Toshiba TEC Corporation (Toshiba Corporation).
     

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