Printers market to grow by 3.73% Y-O-Y from 2021 to 2022: Rising demand from SMEs will drive growth - Technavio
NEW YORK, Jan. 30, 2023 /PRNewswire/ -- The printers market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
Vendors: 15+, including Brother Industries Ltd., Canon Inc., Dell Inc., FURUKAWA Co Ltd, Hewlett Packard Enterprise Co., Konica Minolta Inc, Kyocera Corp., Lexmark International Inc., Nashua Ltd, Oki Electric Industry Co. Ltd., Panasonic Corp, Ricoh Co. Ltd, Riso Kagaku Corp, Roland DGA Corp., Seiko Epson Corp., Sharp Corp., Sindoh Co. Ltd., Toshiba Corp., Xerox Holdings Corp., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Technology (laser, inkjet, and others), type (multifunction printers and single function printers), and geography (APAC, Europe, North America, South America, and Middle East and Africa)
The growing competition in the market is compelling vendors to adopt various growth strategies, such as entering into partnerships with technology providers and regional distributors to expand their market presence and strengthen their product portfolio. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including -
Brother Industries Ltd. - The company offers printers such as MFC T920DW, DCP T220, HL B2080DW, DCP B7535DW, and HL L2361DN.
Canon Inc. - The company offers printers such as imagePROGRAF PRO 300, Pixima PRO 200, and Pixima PRO 10.
Hewlett Packard Enterprise Co. - The company offers printers such as Color LaserJet Pro MFP M479fdn, LaserJet Pro MFP M227fdw, and DesignJet T650 36.
Global printers market ? Market dynamics
Major drivers
Rising demand from SMEs
Growing demand for large-format printers from the textile and advertising industries
Growing demand from developing countries
Key challenges
Digitization in enterprises
Growth of the PaaS business model
Refurbished and counterfeit printers and printer supplies
The large format printer market is estimated to grow at a CAGR of 3.62% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,446.02 million. This report extensively covers market segmentation by technology (aqueous, solvent, UV-cured, and latex), type (ink-based and toner-based), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The laser printer market is estimated to grow at a CAGR of 5.67% between 2022 and 2027. The size of the market is forecasted to increase by USD 4,016.55 million. This report extensively covers market segmentation by product (laser MFPs and laser SFPs), type (helium-neon lasers and semiconductor lasers), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
Printers Market Scope
Report Coverage
Details
Page number
157
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 3.48%
Market growth 2022-2026
USD 10.21 billion
Market structure
Fragmented
YoY growth 2021-2022 (%)
3.73
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 60%
Key countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Brother Industries Ltd., Canon Inc., Dell Inc., FURUKAWA Co Ltd, Hewlett Packard Enterprise Co., Konica Minolta Inc, Kyocera Corp., Lexmark International Inc., Nashua Ltd, Oki Electric Industry Co. Ltd., Panasonic Corp, Ricoh Co. Ltd, Riso Kagaku Corp, Roland DGA Corp., Seiko Epson Corp., Sharp Corp., Sindoh Co. Ltd., Toshiba Corp., and Xerox Holdings Corp.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 123: Konica Minolta Inc - Business segments
Exhibit 124: Konica Minolta Inc - Key offerings
Exhibit 125: Konica Minolta Inc - Segment focus
11.7 Kyocera Corp.
Exhibit 126: Kyocera Corp. - Overview
Exhibit 127: Kyocera Corp. - Business segments
Exhibit 128: Kyocera Corp. - Key offerings
Exhibit 129: Kyocera Corp. - Segment focus
11.8 Lexmark International Inc.
Exhibit 130: Lexmark International Inc. - Overview
Exhibit 131: Lexmark International Inc. - Product / Service
Exhibit 132: Lexmark International Inc. - Key offerings
11.9 Ricoh Co. Ltd
Exhibit 133: Ricoh Co. Ltd - Overview
Exhibit 134: Ricoh Co. Ltd - Business segments
Exhibit 135: Ricoh Co. Ltd - Key news
Exhibit 136: Ricoh Co. Ltd - Key offerings
Exhibit 137: Ricoh Co. Ltd - Segment focus
11.10 Seiko Epson Corp.
Exhibit 138: Seiko Epson Corp. - Overview
Exhibit 139: Seiko Epson Corp. - Business segments
Exhibit 140: Seiko Epson Corp. - Key news
Exhibit 141: Seiko Epson Corp. - Key offerings
Exhibit 142: Seiko Epson Corp. - Segment focus
11.11 Sharp Corp.
Exhibit 143: Sharp Corp. - Overview
Exhibit 144: Sharp Corp. - Business segments
Exhibit 145: Sharp Corp. - Key news
Exhibit 146: Sharp Corp. - Key offerings
Exhibit 147: Sharp Corp. - Segment focus
11.12 Xerox Holdings Corp.
Exhibit 148: Xerox Holdings Corp. - Overview
Exhibit 149: Xerox Holdings Corp. - Product / Service
Exhibit 150: Xerox Holdings Corp. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 151: Inclusions checklist
Exhibit 152: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 153: Currency conversion rates for US$
12.4 Research methodology
Exhibit 154: Research methodology
Exhibit 155: Validation techniques employed for market sizing
Exhibit 156: Information sources
12.5 List of abbreviations
Exhibit 157: List of abbreviations
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