Printer Market Size, Share, Growth Rate, Major Players & Forecast 2022-2027

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According to the latest report by IMARC Group, titled “Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global Printer Market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global printer marketsize reached US$ 61.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 61.9 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027.

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.

What is a Printer Market?

A printer is an external hardware output device that converts digital information from computers or other devices, such as text and images, into a hard copy. It is widely used in dentistry, biotechnology, information systems, aerospace engineering, and archaeology. It offers customizable results, high-quality output, and easy accessibility and is reliable and efficient. As a result, the printer finds extensive applications in corporate, media and entertainment (M&E), education, and public sectors across the globe.

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These printer models provide customizable results, easy accessibility, high-quality output, etc., and aid in scanning, faxing, and making several copies of a document. Consequently, they find extensive applications in residential, commercial, corporate, government, education, healthcare, and other establishments across the globe.

What are the major market drivers in the Printer Market?

The global printer market is primarily driven by the rising demand for high-quality pictures. Moreover, there has been a rise in the use of large-format printers for printing business presentations and professional data. In line with this, the rapid expansion in the printing industry is positively influencing the market growth.

 Additionally, improving educational facilities due to the rising government funding in numerous countries has augmented the demand for printing learning and teaching materials. Besides this, the increasing demand for printers in the corporate sector to print essential papers, including financial files, employee information, and company policies, is propelling the market growth. Furthermore, the development of wireless printers due to significant improvements in network infrastructure is contributing to market growth. Other factors, including emerging e-commerce platforms, the rising number of small and medium-sized enterprises, and technological advancements, are also anticipated to drive the market further.

Report Segmentation:

The report has been segmented the market into following categories:

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.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

For the competitor segment, the report includes global key players of the printer market.

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

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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