Printer Market Report 2022 & Forecast Till 2027
IMARC Group has recently released a new research study “Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Printer Industry ?
The global Printer Market size 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 represents an external hardware output device custom-built for converting electronic data, including text and images, from a computer or other systems into a hard copy. In respect of technology, it can be categorized into dot matrix printers, inkjet printers, LED printers, thermal printers, laser printers, etc.
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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.
Year considered to estimate the market size:
Base year of the analysis: 2021
Historical period: 2016-2021
Forecast period: 2022-2027
What are the major market drivers in the Printer Market ?
The expanding printing industry and the escalating demand for superior-quality pictures are primarily driving the printer market. Additionally, the elevating usage of large format printers to print professional data and business presentations is acting as another significant growth-inducing factor.
Moreover, the shifting preferences towards 3D printing that facilitate enhanced accuracy, building customized products, efficient use of ink, improved production time and financials, simultaneous use of multiple materials for printing, etc., are also positively influencing the global market.
Besides this, the increasing number of small and medium-sized enterprises, the development of wireless product variants that can be operated with mobile app software, and the growing packing segment are expected to bolster the printer market over the forecasted period.
What are the major market drivers in the Printer Market ?
The major players in the market are 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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Printer Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 61.9 Billion |
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Market forecast in 2027 |
US$ 61.9 Billion |
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Growth Rate |
CAGR of 5.20%from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends |
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Segments covered |
Printer Type, Technology Type, Printer Interface And End User |
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Regional scope |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
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Key companies profiled |
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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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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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. |
Click here to view detailed information with table of content: https://www.imarcgroup.com/printer-market
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.
𝐁𝐲 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐲:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
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.
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