Press release
Hardcopy Peripherals & Printing Consumables Market to witness Massive Growth by 2025-- HP Inc., - Canon Inc., - Seiko Epson Corporation
Hardcopy Peripherals & Printing Consumables Market by Component, Application, Services, and Region- Forecast to 2025The Global Hardcopy Peripherals & Printing Consumables Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Hardcopy Peripherals & Printing Consumables business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Hardcopy Peripherals & Printing Consumables worth chain and its wholesaler examination. Hardcopy Peripherals & Printing Consumables Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The Hardcopy Peripherals & Printing Consumables Market is expected to grow at a CAGR of 7% over the forecast period 2020 to 2025.
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Top Leading Companies of Hardcopy Peripherals & Printing Consumables Market are - HP Inc., - Canon Inc., - Seiko Epson Corporation, - Brother Industries Ltd., - Xerox Corporation, - Kyocera Corporation, - ACM Technologies Inc., - AstroNova Inc., - IMEX Co. Ltd., - DIC Corporation, - Lexmark International, Inc. and others.
-Industry News And Updates on Hardcopy Peripherals & Printing Consumables Market-
United States to Dominate the North American Market
- Technological printing ink advancements and the growth of end-use applications in the United States majorly contributed to the Hardcopy Peripherals & Printing Consumables Market in the region. Ceramic, packaging segment, and textile printing are among the major growing applications in the United States.
- According to the US Department of Commerce, in 2018, the printing industry in the U.S. produced gross output of around 81.7 billion U.S. dollars, an increase of 1.7% on the previous year. Total output remains well below the levels before the 2008 financial crash and has remained on a general gradual decline since.
-Key Market Trends Hardcopy Peripherals & Printing Consumables Market-
Printing Ink to Dominate the Market
- The textile industry's extension, coupled with the revolution in the fashion industry and the rapid adoption of digital printing against conventional printing, drove the growth of the printing ink market globally. Additionally, the demand for digitally printed books is also expanding rapidly. Textbooks can be tailored to the students, novels to readers, and business messages to the targeted audiences.
- According to the US Census Bureau, it is projected that the revenue of printing ink manufacturing in the U.S. will amount to approximately 4,264 million U.S. dollars by 2022. Additionally, MOEA (Taiwan) stats that, in 2019, the direct export value of printing ink in Taiwan had amounted to approximately TWD 1514.8 million as against TWD 1359.06 million in 2018, altogether depicting an augmented growth of the segment.
-Competitive Landscape On Hardcopy Peripherals & Printing Consumables Market-
May 2020 - Canon announced the conclusion of a patent infringement dispute with LD Products, Inc. in the U.S. District Court for the Central District of California, concerning toner cartridges sold for use in various models of Canon and HP laser beam printers.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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