Press release
ID Card Printers Market is expected to reach US$ 7.21 Bn by 2033 end | Key Players- Evolis, HP Inc and more
ID Card Printers Market
The global ID Card Printer market is estimated to be valued at over US$ US$ 4.54 Bn as of 2022. ID Card Printer market is projected to increase at 4.3% CAGR and is expected to be valued at around US$ 7.21 Bn by 2033 end. Global ID Card Printers Market Analysis and Review by Product (Single-sided Card Printers, Double-sided Card Printers, High-performance Card Printers, Standard Card Printers).
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Key Companies-
• Zebra Technologies Corporation
• Evolis
• HP Inc.
• Brady Corporation
• Quadient (Neopost SA)
• Matica Technologies AG
• ID tech Solution Pvt Ltd.
• Entrust Corporation
• Unicard Technologies Pvt Ltd.
• Kanematsu USA (Nisca and Swiftcolour)
• CIM USA
• HID Global Corporation
• Valid USA
• NBS Technologies
• MagiCARD Ltd.
• Others.
The report published on ID Card Printers Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2033 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of ID Card Printers Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
Market Dynamics
ID Card Printers Market growth in the current scenario as well as in the coming years and the factors affecting it has been discussed in detail. The interplay of demand and supply forces in this market along with the external factors have been studied. The effect on the market in terms of growth has been studied to aid the market forecast. The pricing policies used in various regions of ID Card Printers Market and the effect they have on the consumption behavior have been studied.
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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.
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Frequently Asked Questions -
• How much is the global ID Card Printer market currently worth?
• What will be the outlook for ID Card Printer market through 2033?
• Who are the top players in the global ID Card Printer market?
• Which 5 countries drive most of the demand for ID Card Printer?
• How is UK faring in the European market?
• Which countries are major producers and exporters of ID Card Printer?
• What is the outlook for the market in China?
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