openPR Logo
Press release

Multi-Functional Printer Market By Key Players: Canon, Inc., Brother International Corporation, Konica Minolta Business Solutions U.S.A., Inc., Samsung Electronics, Oki Data Americas, Inc., Ricoh USA, Inc., Toshiba, HP, Lexmark, Seiko Epson Corporation, J

11-13-2018 11:37 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

The North America region holds the largest market share of the multi-functional printer market globally, followed by Europe and Asia Pacific regions. The growth of the multi-functional printer market in the North America region is due to the increase in communication technology and a sophisticated documentation system along with the rising demand for simplified consumer electronics. Moreover, Canada and the U.S. even possess an established technical infrastructure, which enables growth and implementation of advanced technologies.

In the Asia Pacific region, the integration of multi-functional printers market into sectors such as banking, IT, and real estate in developing countries including China and India for essential operations will drive the growth of the MFP market. The decrease of the ASP of multi-functional printers has also contributed considerably to the penetration of MFPs into the market.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2466

Multi-Functional Printer Market size is driven by the efficiency offered by MFPs and the market penetration of multi-functional printers in the end-user segments, such as enterprise and commercial segments, irrespective of color or monochrome MFPs and laser or inkjet MFPs. The growth of the market is primarily due to the demand for MFPs, which can perform multiple tasks of printing, copying, and scanning effectively compared to printers that perform individual tasks like scanning, copying, and printing. This has resulted in a change in technology and applications with the evolving business requirements, which ranges from mobile printing to wireless connectivity to cloud storage. All these features are available in smart MFPs, contributing to the market immensely.

Another facet that has influenced the market significantly is the reduction of initial procurement cost by the MFP vendors for the sale of multi-functional printers. To capture the consumer end-use segment, some of the leading vendors in the market space such as RICOH and HP have reduced their ASPs of multi-functional printer market year over year. This has implied MFPs have become more accessible and affordable for small office and home applications in 2016. Moreover, vendors have recovered losses incurred due to low ASPs of MFPs by the continuous sale of toners and ink cartridges, by ensuring their printers are compatible with their manufactured cartridges only. This manufacturing strategy aids the company in compensating for the initially incurred losses.

Top Key Players:

1. Canon, Inc.
2. Brother International Corporation
3. Konica Minolta Business Solutions U.S.A., Inc.
4. Samsung Electronics
5. Oki Data Americas, Inc.
6. Ricoh USA, Inc.
7. Toshiba
8. HP
9. Lexmark
10. Seiko Epson Corporation, Japan
11. Dell
12. Panasonic
13. Sharp Electronics Corporation USA
14. Xerox

Request for customization of this report @ https://www.gminsights.com/roc/2466

Furthermore, multi-functional printer market have been constantly innovating the technology to implement a reduction of total cost of multi-functional printers. The vendors have incorporated precision print and power management technologies to enable an enhanced print quality and manage the uniform ink distribution. This will aid the cartridges to last for a longer duration, providing growth opportunities for vendors in emerging nations and expanding businesses in developed countries.

However, one of the market restraints of the multi-functional printers market is their high pricing. This implies that performing operations with multi-functional printers can be very expensive. The machine comprises a combination of the copier, fax machine, printer, and the ink for multi-function printers that gets depleted quickly compared to separate machines. These factors can adversely affect the growth of MFPs. Moreover, when damaged internally, every feature of MFP shuts down and this can cause issues for businesses.

It is expected that with an ever-growing awareness about the eco-friendly business models among the end-user segments, the multi-functional printer market will experience a tremendous growth globally over the forecast period. Few of the key players that offer multi-functional printers with features include Canon, Inc., Brother International Corporation, Konica Minolta Business Solutions U.S.A., Inc., Samsung Electronics, Oki Data Americas, Inc., RICOH, Toshiba, HP, Lexmark, KYOCERA Document Solution, Seiko Epson Corporation, Japan, Dell, Panasonic, Kodak, Sharp Electronics Corporation USA, and Xerox.

Browse Full Reports: https://www.gminsights.com/industry-analysis/multi--functional-printer-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Multi-Functional Printer Market By Key Players: Canon, Inc., Brother International Corporation, Konica Minolta Business Solutions U.S.A., Inc., Samsung Electronics, Oki Data Americas, Inc., Ricoh USA, Inc., Toshiba, HP, Lexmark, Seiko Epson Corporation, J here

News-ID: 1365093 • Views: 197

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for MFP

Color Laser Mfp Market Study Report (2019-2027), Competitive Analysis, Proposal …
This market intelligence report provides a comprehensive and extensive analysis of the Color Laser Mfp Market that includes an investigation of the past progress, current market scenario, and future prospects. Data on the products, strategies, trends, and market share of the prominent companies of the market are mentioned in the report. It provides an overview of the market's competitive landscape globally. The report further forecasts the size and valuation of
Color Laser MFP Market to Witness Steady Expansion during 2019-2024 | Key Player …
This report provides extensive study of “Color Laser MFP Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The report covers the present scenario and the growth prospects of the global Color Laser MFP market for 2019-2024. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Get Sample Copy of
Take full advantage of secure and time-saving features on your Konica Minolta MF …
Konica Minolta’s Multifunctional Printers (MFP’s) are known to be very innovative and user-friendly. Konica Minolta's bizhub multifunction printers speed up your output, streamline your workflow and offer all the options for right-size scalability in any business. To provide an even better experience and increase on-screen control inepro developed the DocuPRO Embedded Web Client for Konica Minolta. The DocuPRO Embedded Web Client offers a web based graphical user interface that runs
Global Gable Top Market 2017 - Trelleborg, All Seals, MFP Seals, SKF, Parker, Am …
This report studies the Gable Top on United States and global market, focuses on the top players in US market and also the market status and outlook by type and application. Request For Sample Report @ https://www.fiormarkets.com/report-detail/49680/request-sample Geographically, this report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Gable Top in these regions, from 2012 to 2022 (forecast), covering North America Europe Asia-Pacific South America Middle East and
Hydraulic Seal 2017 Global Market Key Players - Trelleborg, All Seals, MFP Seals …
Hydraulic Seal Market 2017 Wiseguyreports.Com Adds “Hydraulic Seal Market -Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. This report studies the Hydraulic Seal market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Hydraulic Seal market by product type
Global Multi-Function Printer Market Forecast To Reach At CAGR of 2.15% Between …
About MFP MFPs can perform multiple functions like printing, faxing, scanning, and photocopying. These are used mainly in homes and offices due to their small size, versatility, reliability, and ease of use. For businesses, MFPs help to reduce capital costs and provide flexibility, as they have multiple functions. This eliminates the need for purchasing different peripherals such as copiers, printers, and scanners in business environments. They are also finding places in