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Printer Market Expansion Projected to Gain an Uptick During 2021-2031
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In addition, rapid changes in the African print industry, pave the way for digital printing advancement and developments in the region. This development over the years has become a mainstream process, replacing the conventional analog printing in the region, further encouraging the growth of the printer market in Africa.
Transparency Market Research delivers key insights on the Africa printers market. In terms of revenue, the Africa printers market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the Africa printers market.
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Africa Printers Market: Key Segments
Based on product type, the laser and inkjet printers segments are likely to be the most popular in the Africa printers market during the forecast period. General trends such as laser printers with A3 color in the office, and inkjet printers with A4 mono in the home office, continue driving the use of print, scan, and copy technologies for document creation and capture, and increasing the rate of digitalization of workflows and processes.
Based on application, the market has been segmented into packaging, advertising, publication, and other similar applications. The packaging application in the printer market is likely to gain major traction. This can be majorly attributed to the growth in industrial manufacturing, resulting in increased package printing demands.
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Africa Printers Market: Prominent Countries
There are 12 main countries in Africa that are responsible for the development of the African digital print industry - the Democratic Republic of the Congo, Ghana, Ivory Coast, Kenya, Mauritius, Mozambique, Namibia, Nigeria, Senegal, Tanzania, Zambia, and Zimbabwe. In the past, even screen-printing was done in South Africa and then shipped North, but this is changing as run lengths are declining and people are printing more digitally. These countries too have started buying their own grand format printers so that they can print locally, particularly where the technology has become 'plug and play' and is increasingly reliable.
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Africa Printers Market: Key Players
Key players operating in the Africa printers market are Brother Industries, Ltd., Canon, Inc., Hewlett-Packard Development Co. LP, Samsung Electronics Co. Ltd., and Seiko Epson Corp, among others.
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