Press release
ID Card Printers Market Sales to Top US$ 6.6 Bn by 2031
ID Card Printers Market 2022The global ID card printer market is currently valued at around US$ 4.4 Bn. Sales of ID card printers are projected to rise at 4.2% CAGR to top a revenue of US$ 6.6 Bn by 2031. Strategic partnership between printer component and consumable providers as well as focus on omni-channel sales are key trends in this landscape. The market in Europe is projected to rise at a CAGR of 3.8% over the next ten years.
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Key Companies-
• Zebra Technologies Corporation
• Evolis
• HP Inc.
• Brady Corporation
• Neopost SA (Quadient)
• Matica Technologies AG
• ID Tech Solutions Pvt. Ltd.
• Entrust
• Unicard Technologies Pvt. Ltd.
• Kanematsu USA Inc.
• CIM USA
What are the Opportunities for Manufacturers of ID Card Printers?
Use of ID card printers was limited to normal card printing. Advancements in technology have allowed these to print onto any surface, uneven surfaces, etc. The greatest opportunity for printers remains to reduce electricity consumption and make the printer energy-efficient.
Strategic positioning in regional and domestic markets and industries is key to the success of card printer tape manufacturers. By establishing a strong position in the regional market and business, prominent market participants could decrease the price pressure created by regional players, which in turn would help them increase their profitability and create growth opportunities.
How is Growth of the Student Population and Educational Institutions Increasing Sales of ID Card Printers?
Education institutions represent around17% of the market share in the end-use segment of ID card printers. An increase in the student population is complementing market expansion.
Approximately 1.5 billion people are currently in all kinds of educational institutions. Because of the growing student population each year, ID card demand has surged. The need for ID cards in all educational institutions increases demand for ID card printers as well all over the world.
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Key Segments Covered in ID Card Printer Industry Research-
By Product
• Single-sided Card Printers
• Double-sided Card Printers
• High-performance Card Printers
• Standard Card Printers
By Communication Interface
• USBID Card Printers
• Ethernet ID Card Printers
• Wireless ID Card Printers
By Technology
• Retransfer ID Card Printers
• Direct-to-Direct ID Card Printers
• Rewritable ID Card Printers
By Sales Channel
• Offline Sales of ID Card Printers
• Online Sales of ID Card Printers
By End User
• ID Card Printers for Industrial/Manufacturing
• ID Card Printers for Banking
• ID Card Printers for Healthcare
• ID Card Printers for Government
• ID Card Printers for Educational Institutions
• Others
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Key Questions Answered in Id Card Printers Market Report -
• What is the value of the ID card printer market at present?
• At what CAGR did demand for ID card printers increase over the last 5 years?
• What will be the demand outlook for ID card printers through the decade?
• Who are the top 5 manufacturers of ID card printers?
• Which are the key trends prevalent in the ID card printer space?
• Which countries are the key producers of ID card printers?
• How are sales of ID card printers shaping up in Europe?
• Which nations are the key exporters of ID card printers?
• How is the ID card printer market shaping up in Japan and South Korea?
• What are the projections for the market in North America?
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