Printers Market Outlook 2026 By Technology, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global Printers Market was valued at USD9.42 billion in 2020 and is expected to grow at CAGR of 3.71% during the forecast period. Global Printers Market is driven by the growing trend of remote working and online education systems in the post-pandemic period. Additionally, the growing popularity of printers among professional photographers and entrepreneurs is expected to elevate the demand for printers, thereby driving the market growth through 2026. Furthermore, the increasing usage of packaging materials by e-commerce industry and home delivery platforms is further expected to fuel the market growth. The leading companies are also investing in R&D to provide additional advanced features in a single printer at a lower cost which will further bolster the market growth over the next few years.
Global Printers Market is segmented based on type, technology, print type, application and region. Based on type, the market can be split into single functional and Multi-functional. The multifunctional type is expected to dominate the market in the forecast period due to increase in usage of smart workplace assistant with Wi-Fi connectivity, mobile printing, tablet-like touchscreens, and cloud-connected apps.
Based on technology, the Global Printers Market is segmented into Laser, Inkjet, Others (solid-ink, thermal, Impact, 3D printers etc.). The inkjet printers are dominating the market due to their lower cost and good quality printing. The Laser Printers are expected to show significant growth in the forecast period as well owing to its lower cost per page.
In terms of print type, the market is divided into Image, Painting and Pattern. The image print type held the largest market share in 2020. Moreover, the pattern print type is expected to show major growth in the forecast period due to increasing barcode scanning activities and growth in the textile industry. Based on application, the Global Printers Market is segmented into Packaging, Advertising, and Publishing. The Packaging segment is expected to show the highest growth in the forecast period because of the rise of the packaging industry in emerging economies such as Vietnam and Indonesia.
Considering the geographical landscape, the Global Printers Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Asia-Pacific is expected to dominate the market on account of the expanding economies such as China, India etc. and their large population.
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The major players operating in the Printers market are Hewlett-Packard Enterprise Company, Canon Inc., Brother Industries Ltd., Seiko Epson Corporation, Kyocera Corporation, Konica Minolta Inc., Lexmark International Inc., Ricoh Company Ltd., Sharp Corporation, Xerox Holdings Corporation etc. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Objective of the Study:
- To analyze historical growth in market size of the Global Printers market from 2016 to 2020.
- To estimate and forecast the market size of Global Printers market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Printers Market based on type, technology, print type, application, company, and regional distribution.
- To identify drivers and challenges for the Global Printers Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Printers Market.
- To identify and analyze the profile of leading players operating in the Global Printers Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Global Printers Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Printers’ manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers.
- Organizations, forums, and alliances related to Global Printers Market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the Global Printers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Printers Market, By Product Type:
- Single functional
- Multi-functional
- Global Printers Market, By Technology:
- Laser
- Inkjet
- Others
- Global Printers Market, By Print Type
- Image
- Painting
- Patterns
- Others
- Global Printers Market, By Application:
- Packaging
- Advertising
- Publishing
- Others
- Global Printers Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Printers Market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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