Laser Printer Market 2020 Global Leaders: OKI Electric, The Ricoh Company, Kyocera, Seiko Epson, Samsung Electronics, Brother Industries
Laser Printer Market – Overview
The demand for printing solutions has increased steadily over the past few years. Market reports linked to the industry for semiconductors and electronics have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is anticipated to achieve a 16% CAGR while making revenues worth USD 2,322 million over the duration of the forecast period.
The increased demand for advanced printing technologies is expected to additionally stimulate the expansion of the market in the forecast period. The requirement for ensuring efficiency and productivity in the workplace has garnered positive demand for laser printers. Moreover, the rising cost-effectiveness of laser printers is anticipated to create new opportunities for growth in the approaching period.
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The segmental analysis of the laser printer market is carried out on the basis of type, end-user, and region. On the basis of type, the laser printer market is segmented into Multi-Function and Single Function. Based on the End Users, the laser printer market is segmented into SMEs, Individual Users, Large Enterprises and Government. The regions included in the laser printer market are Asia Pacific, North America, Europe and the rest of the world.
The prominent players in Laser Printer Market are – HP (U.S.), Canon, Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Fuji Xerox Co., Ltd. (Japan), Dell, Inc. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (U.S.), Kyocera Corporation (Japan), Seiko Epson Corporation (Japan) and others.
The regional analysis of the global laser printer market covers regions such as Asia Pacific, North America, Europe and Rest of the World. The analysis of the laser printer market observes that the North American region is likely to be accountable for the principal share of the market. Meanwhile, the Asia Pacific region is anticipated to expand at the fastest rate through the forecast period. The key development in the laser printer market in the North American region is accredited to the technical developments and growing demand from several industry verticals in that region.
March 2019 Xerox has recently launched its new model called the Phaser 6022 color laser printer. The new model is Wi-Fi-enabled and easily supports both Google Cloud Print and Apple AirPrint for wireless printing directly from your mobile device or Google Drive without using computers. The laser printer can efficiently deal with demanding jobs and can handle up to 18 pages per minute in either color or monochrome and can print out a color print in less than 13 seconds.
Feb 2019 Fraunhofer Institute for Laser Technology (ILT) in Germany, have found their positive combination of multiphoton polymerization and stereolithography that can enable rapid, high-quality 3D printing by laser. They are creating a machine for cost-effective and high-precision 3D construction technologies using both methods.
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