Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A6015
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Market Overview:

The global printer market size reached US$ 44.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A printer is an external hardware output device that converts electronic data, such as text and images, from a computer or other device into a hard copy. It is efficient and reliable and offers customizable results, high-quality output and easy accessibility. As a result, it finds extensive applications in corporate, media and entertainment (M&E), education, and public sectors. Besides this, it is utilized in archaeology, aerospace engineering, information systems, dentistry and biotechnology.

Printer Market Trends:

At present, the growing demand for high-quality pictures represents one of the key factors driving the market. The improving educational facilities on account of the expanding governmental funds in numerous countries is resulting in the rising sales of printers for printing learning and teaching materials. Moreover, there is an increase in the usage of large format printers for printing professional data and business presentations. This, along with the expanding printing industry around the world, is contributing to the growth of the market. Additionally, the escalating demand for printers to print important documents, such as accounting files, employee information, and company policies, in the corporate sector is also positively influencing the market. Apart from this, key players are focusing on collaborations and mergers and acquisitions (M&A) to increase their overall sales and market share. They are also integrating advanced technologies to launch drip-free refilling mechanisms and affordable product variants with minimized printing interruptions. Furthermore, they are designing wireless printers on account of the considerably improving network infrastructure. Some of the other factors bolstering the growth of the market are technological advancements, increasing number of small and medium-sized enterprises, growing e-commerce platforms and the burgeoning packing industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global printer market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on printer type, technology type, printer interface and end user.

Breakup by Printer Type:

  • Multi-Functional
  • Standalone
     

Multi-functional represents one of the commonly used printer types as it reduces costs, saves space and assists in better document management.

Breakup by Technology Type:

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

Inkjet printer accounts for the majority of the total market share on account of its portability, low cost and high-quality output.

Breakup by Printer Interface:

  • Wired
  • Wireless
     

On the basis of the printer interface, the market has been bifurcated into wire and wireless variants.

Breakup by End User:

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

Printers find extensive application in the commercial sector due to the growing advertising needs of organizations worldwide.

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
     

North America currently enjoys the leading position in the market, which can be accredited to the adoption of novel printing technologies in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Printer Type, Technology Type, Printer Interface, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global printer market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global printer market?
  • What are the key regional markets?
  • What is the breakup of the market based on the printer type?
  • What is the breakup of the market based on the technology type?
  • What is the breakup of the market based on the printer interface?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global printer market and who are the key players?
  • What is the degree of competition in the industry?

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Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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