Thermal Printing Market 2021 Analysis by Global Manufacturers - Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Bioxolon
The thermal printing market was valued at USD 40.56 billion in 2020, at a CAGR of 5.2%, during the forecast period (2021 - 2026).
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Top Key Players in the Global Thermal Printing Market: Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Bioxolon, Brother International Corporation, Star Micronics Co., Ltd, Toshiba Tec Corporation, TSC Auto ID Technology Co., Ltd, Avery Dennison Corporation, Xiamen Rongta Technology Co., Ltd, Axiohm and Others.
- Oct 2019 - Printronix Auto ID, Inc. introduced T800, a high-performance thermal desktop printer, which offers enterprise-level productivity, dependable performance, and a suite of versatile features such as RFID, and Wi-Fi with advanced security protocols.
Key Market Trends:
North America Account for Significant Market Share
- The North America holds the major market share in the thermal printing market owing to the increasing demand in retail applications, such as smart packaging, inventory management, and warehousing and transportation and logistics applications. Many North American retailers have already made the migration, trading their impact printers for more advanced, thermal-only solutions. Enterprises are placing greater emphasis on minimizing the cost to print, environmental impact, maintenance, etc.
- The existence of significant players in the region such as Zebra Technologies, Honeywell, Avery Dennison, etc serves highly in retail, transportation and logistics industries, which is expected to further boost the thermal printing market in North America. For instance, in Sep 2019, Epson America introduced four new additions to its ColorWorks on-demand color label printer lineup which are C6000A, C6000P, C6500A, and C6500P. The new ColorWorks C6000 family delivers a comprehensive range of capabilities to meet the requirements of the most common thermal transfer applications.
- Moreover, Zebra is one of the largest converters of thermal supplies in North America. Featuring the largest selection of pre-tested, high-quality labels, tags, receipt paper, wristbands, cards, and ribbons, Zebra provides a solution for virtually any application. Due to its largest distribution in this region, the market for thermal printing effectively grows year to year.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Thermal Printing Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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