Global Printer Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope
A printer is a device that receives text and graphics output from a computer and sends that information to generate a hard copy.

Sizing and Forecast
The printer market size has grown strongly in recent years. It will grow from $11.34 billion in 2023 to $12.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%.  The  growth in the historic period can be attributed to market competition and pricing, consumer demands and trends, supply chain and manufacturing, regulatory compliance, environmental sustainability.

The printer market size is expected to see strong growth in the next few years. It will grow to $15.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.  The growth in the forecast period can be attributed to market competition and pricing trends, changing consumer demands, supply chain resilience, evolution of regulatory standards, emphasis on environmental impact. Major trends in the forecast period include mobile printing solutions, subscription-based printing models, remote printing and managed print services, augmented reality (ar) in printers, security features.

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Segmentation & Regional Insights
The printer market covered in this report is segmented –
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications

The North America was the largest region in the printer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period. The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising demand for 3D printers is anticipated to propel the growth of the printer market over the forecast period. 3D printers use a technique called additive processing to shape (or print) physical objects layer by layer before the design is finished. Companies across industries, from automotive to consumer products, are becoming aware of the benefits 3D printers provide for production. For instance, in August 2021, Shapeways Holdings, Inc., a US-based marketplace and service for 3D printing, in the study, 63% strongly agreed that their firm is developing confidence in 3D printing at scale, and 87% agreed that severe pandemic-related supply chain disruptions spurred 3D printing investments. Investments in 3DP are anticipated to yield a variety of advantages, including higher labor productivity (64%), increased asset utilization (57%), and lower inventory costs (46%). Therefore, the rising demand for 3D printers drives the growth of the printer market.

Key Industry Players
Major companies operating in the printer market report are Samsung Electronics Co. Ltd., Hitachi Ltd., Hewlett-Packard Company (HP), Honeywell International Inc., Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku Corporation, Oki Electric Industry Co. Ltd., Lexmark International Inc., Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt. Ltd., Bixolon Co. Ltd., Polaroid Corporation, Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation

The printer market report table of contents includes:
1. Executive Summary

2. Printer Market Characteristics

3. Printer Market Trends And Strategies

4. Printer Market - Macro Economic Scenario

5. Global Printer Market Size and Growth

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32. Global Printer Market Competitive Benchmarking

33. Global Printer Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Printer Market

35. Printer Market Future Outlook and Potential Analysis

36. Appendix

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