Adoption of ID Card Printers Market to Soar Across Top Countries in the Globe

Market Report Summary
Market - ID Card Printers Market
Market Value - US$ 4.4 Bn in 2021
Market CAGR Value - 4% in 2021 - 2031
Market Forecast Year - 2021 to 2031

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This report provides in depth study using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The ID Card Printers Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Global ID card printer sales are set to be valued at close to US$ 4.4 Bn in 2021, with a balanced long-term projection, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 4% CAGR from 2021 to 2031.

Growing need for easily identification and security of people in sectors such as banking, healthcare, governmental offices, and educational institutions is set to steer market growth. Rapid technological advancements are also projected to complement market growth over the coming years.

Demand for ID card printers waned in 2020 due to the COVID-19 pandemic. Growing demand for retransfer card printers and direct-to direct card printers in end-use segments such as educational institution, banking, healthcare, etc., is expected to drive the market substantially. South Asia Pacific, East Asia, and Europe are major markets for the ID card printers.

Key Players:
The report has profiled some of the Important players prevalent in the global like - Zebra Technologies Corporation, HP Inc., Quadient (Neopost SA), Entrust Corporation, HID Global Corporation, Valid USA, Kanematsu USA, Matica Technologies, Evolis, and MagiCARD Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the ID Card Printers.

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Key Takeaways from Market Study
• Enhancing product quality by implementing new technologies and adopting new, tough, and long-lasting materials and printing inks with added features at a competitive price point, while focusing on bulk production of ID cards will benefit market players.
• Manufacturers are focusing on introduction of new application-specific product offerings in order to better address customer requirements. Moreover, market players are found to be channelizing efforts toward strengthening their distribution channels while focusing on direct sales and expanding their footprint through online distribution partners.
• Banking, followed by educational institutes, is anticipated to emerge as an opportunistic segment, owing to extended use of ID cards in these end-use sectors.
• Increasing number of players focusing on R&D related to ID card printers is anticipated to have a significant contribution to market growth over the years to come.
• High performance card printers hold half of the market volume share.
• Global trade is projected to grow at a slow rate over the forecast period, due to gradual decline in international trade, owing to high cost involved and growing regional taxes. This will have a low-level impact on the growth of the ID card printer industry.
• Demand for ID card printers witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -4.2%.

"Upsurge in generation and renewal of new ID cards from banks, educational institutions, governmental offices, and healthcare in recent years is expected to provide a stimulant aggrandizement to ID card printer sales," says a Persistence Market Research analyst.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
ID Card Printers Market Manufacturers
ID Card Printers Market Distributors/Traders/Wholesalers
ID Card Printers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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View Report Table of Contents, Figures, and Tables

Major Highlights of the ID Card Printers Market Report:
· The ID Card Printers Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
· The report dives deeper into the market and explains the dynamic factors bolstering market growth.
· The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
· The report analyzes the ID Card Printers Market presence across major regions of the world.
· It determines the production & consumption capacities and demand & supply dynamics of each regional market.
· The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
· It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.
· What will the Market growth rate in Future?
· What are the key factors driving the global Market?
· Who are the key manufacturers in Market space?
· What are the opportunities and threats faced by the vendors in the global industry?
· What are sales, revenue, and price analysis by regions of industry?
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