Press release
Thermal Printing Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: TSC Auto ID Technology Co., Ltd. and Zebra Technologies Corporation are key players.
The thermal printing market is expected to grow at a CAGR of 6.01% to reach a market size worth US$45.749 billion by 2027.Key determinants contributing to the global market expansion for thermal printing include the rising demand for thermal printing techniques in various end-user industries such as healthcare, banking, and retail, rapid adoption of the latest printing techniques, and growing demand for fast and efficient printing solutions. In addition, the rapid use of RFID technology to improve product safety and the growing demand for thermal barcode printers are also expected to drive the growth of the thermal printing market. As a result, several key market players are involved in continuous product innovation and launches to capitalize on the growing demand for thermal printers.
The thermal printing market is expanding due to the growing use of these printers across several end-user industries.
Thermal printing is a process that prints an image or text using heat on thermal paper. Most thermal printers in the market only print text and images in black ink. Thermal printers have applications in various end-user industries as they are inexpensive, have lower maintenance costs, and are easily recyclable. Several industries use thermal printing, including healthcare, retail, manufacturing, and banking. A growing population, rising disposable incomes, and rapid industrialization are additional factors driving the demand for thermal printing applications during the projection period.
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The global thermal printing market is segmented into application, type, end-user industry, and geography.
Based on thermal printing applications, the market is categorized into Barcodes, Labelling, Kiosks, and Others. Barcodes are expected to hold a significant share of the market. Rising demand from retailers and wholesalers will be the primary factor propelling the growth of this segment. Retailers require low-cost printers to print barcodes and tags on their products. The rising adoption of automatic identification, RFID, and anti-counterfeiting technologies is also augmenting the growth of this segment, as barcodes are essential to deploy such technologies.
The type segmentation of the thermal printing market includes Direct Thermal Printing and Thermal Transfer printing. According to the analysis, the direct thermal priming segment is expected to have a significant market share due to the high efficiency and low cost of these types of printers.
Based on the end-user industry, the classification has been done into Transporting, Retail, Government, security, Healthcare, Manufacturing, and others. A significant market share is expected for the healthcare segment during the analysis period. Thermal printing helps to easily print tags and labels, improving patient flow, bed utilization, and allocation. Smart labels also aid in the real-time tracking of medical supplies and patients.
The thermal printing market is divided geographically into North America, South America, the Middle East and Africa, Europe, and Asia Pacific. Out of all the geographical regions North American region is expected to have a significant market share in the global thermal printing market. The rising adoption of smart packaging, efficient warehousing, inventory management, and logistics in the retail sector is driving the demand for thermal printing in this region. Primary industries using thermal printing in this region include healthcare, manufacturing, hospitality, and logistics. In addition, continuous product innovation by the key market player is also spurring demand for thermal printers in this region.
The major players in the global thermal printing market are Axiohm (Part of the TXCOM Group), Bixolon Co., Ltd., TSC Auto ID Technology Co., Ltd., Zebra Technologies Corporation, Honeywell International Inc, HP Development Company L.P, Seiko Instruments GmbH, SATO Holdings Corporation, Citizen Systems Europe GmbH, and TOSHIBA CORPORATION.
The Thermal Printing Market has been analyzed into the following segments:
• By Type
o Direct Thermal Printing
o Thermal Transfer Printing
• By Application
o Barcode Labels
o Labeling
o Kiosks
o Others
• By End-User Industry
o Retail
o Transportation
o Manufacturing
o Healthcare
o Government
o Security
o Others
• By Geography
o North America
• USA
• Mexico
• Canada
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Italy
• Others
o Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
o Asia Pacific
• India
• China
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/print-labels-market
• https://www.knowledge-sourcing.com/report/barcode-equipment-market
• https://www.knowledge-sourcing.com/report/global-variable-data-printing-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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