Press release
Global Portable Printer Market is Estimated to be Worth USD 1,200.90 Million in 2021 and Growing at a CAGR of 10.4% Through 2028
Portable Printer Market By Technological Type
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Portable printers are tiny, lightweight computer peripherals that produce a tangible copy of stored data. These gadgets can be connected to laptops, smartphones, computers, and other processing units via wired USB or other ports or wireless Wi-Fi or Bluetooth. Due to their portability and light weight, these devices are simple to move from one place to another. Portable printers are more practical than standard printers because of their simplicity of use, light weight, fast printing, wide range of paper alternatives, and adaptable features.
Work-from-home and remote working acceptance will spur the global portable printer market expansion. During the pandemic, at least 62% of businesses in the Asia Pacific region shifted to remote working. The necessary tools had to be given to workers in order to make the transition to a mobile workforce. The demand for portable printers is mostly driven by industries like sales, logistics, and retail, which require instant printing of receipts, tokens, tickets, invoices, shipping labels, barcodes, etc. The increasing global internet penetration is also expected to be a major driver of the portable printer market. It is predicted that there will be 75.58 billion IoT devices (smart gadgets connected to the internet) deployed globally by 2025.
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Growth of the global portable printer market will be fueled by the proliferation of online businesses including e-commerce and third-party logistics services during the projected period. Specifically, in the developing countries of Asia Pacific and Latin America, internet enterprises that specifically include e-commerce, online meal delivery services, grocery delivery services, and logistics have gained substantial popularity in recent years. Brazil, Mexico, China, South Korea, India, and the ASEAN nations are among these nations. To meet customer demands, these companies must also offer on-demand barcode, receipt, and label printing. This trend is anticipated to continue over the coming years, supporting the expansion of the portable printer industry.
However, the global portable printer market is expected to have a setback due to rising customer desire for reading bills and alerts on their mobile devices as well as a growing preference for paperless billing and notification solutions.
The global Portable Printer market is segmented based on technology, connectivity, application, distribution channel, and region.
Based on distribution methods, the portable printer market can be split into two groups: online and offline. Consumers now favor online distribution channels over conventional ones as a result of the growth in online shopping and digitization. All firms were forced to operate online due to COVID-19 and lockdowns. Additionally, buyers can purchase goods through online sales that are not available in their local markets. All of these elements will contribute to the segment's growth in the upcoming years.
A sizable portion of the market is anticipated to come from Europe because of its ongoing commitment to improving customer satisfaction and productivity among mobile workers. The market for portable printers in Asia Pacific is predicted to grow at the quickest rate because of the region's growing mobile workforce and increased emphasis on streamlining order and receipt administration. Many major players in the business are of Asian descent, like Bixolon, Seiko Epson, and Brother Industries, to name a few. Additionally, the profit margins have significantly decreased as a result of the involvement of numerous small firms from these regions in worldwide businesses like Woosim Systems, Printek, and Able Systems.
List of prominent players in the global portable printer market
Canon Inc.
Bixolon Co. Ltd.
Citizen Systems Japan Co.
Brother Industries Ltd.
Fujitsu
Hewlett Packard Enterprise Development LP
Polaroid Corporation
Printek LLC
Toshiba Tec Corporation
Others
Recent Developments:
In February 2022, the expansion to Canon's MAXIFY Ink Efficient GX Series line-up, the MAXIFY GX5070 ink tank business printer, was officially announced for release. The printer boosts productivity and efficiency in workplaces and organizations by combining low color printing prices with paper handling, speed, and networking capabilities.
In May 2021, Zebra announced the release of new wireless label printers. The ZSB series refers to these and is intended for small businesses. These new printers were created to produce labels more effectively and affordably.
This review is based on a report by Zion Market Research, titled "Portable Printer Market By Technological Type (Thermal, Inkjet, And Impact), By Connectivity (Wireless, USB, Bluetooth, And Ethernet), By Application (Transportation & Logistics, Medical Services, Retail, Telecommunication Industry, Manufacturing, And Others), By Distribution Channel (Online And Offline), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2022-2028."- Press Release at https://www.zionmarketresearch.com/news/global-portable-printer-market
The global portable printer market is segmented as follows:
By Technological Type
Thermal
Inkjet
Impact
By Connectivity
Wireless
Bluetooth
USB
Ethernet
By Application
Transportation & Logistics
Retail
Medical Services
Telecommunication Industry
Manufacturing
Others
By Distribution Channel
Online
Offline
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Our feature article: https://www.technoiva.net/fintech-as-a-service-platform-market-growth-analysis-2022-2030/
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