Press release
Thermal Printer Market Analysis, Size, Share, Growth and Report 2023-2030
DataM Intelligence
A thermal printer uses heat to generate an image on paper. Thermal printers are extensively utilized in the airline, retail, grocery, banking, entertainment, and healthcare sectors because of their excellent print quality, speed, and technical developments. Thermal printing, unlike many other methods of printing, does not need the use of ink or toner and instead depends mainly on thermal sheets to generate images. They are also often used in label production because of the evident speed with which they print.
Thermal printers provide many benefits over other printer types, including lower costs, simpler usage, quiet availability of numerous models and sizes, efficiency and speed, and durability. Thermal printing has grown in popularity in AIDC technologies owing to enhanced productivity, decreased paperwork, and assuring correct data capture and transmission.
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Market Growth Analysis
According to DataM Intelligence's latest report, the "Global Thermal Printer Market" is estimated to grow at a CAGR of 5.0% during the forecast period 2023-2030. The demand for thermal printing technology is increasing due to its wide application in industries such as healthcare and transportation for printing labels, barcodes, and receipts.
Top Impacting Factors
An increase in concerns about counterfeit goods and products drives market growth. Other factors driving global market expansion include the deployment of automated and sophisticated technologies such as automatic identification and data capture (AIDC) and wireless mobile printers.
Segmentation Analysis
The global thermal printer market is segmented by offering into printers and supplies; by printer type into barcode printers, POS printers, kiosk & ticket printers, RFID printers, and card printers; by format type into industrial format, desktop format, and mobile format; by printing technology into direct thermal (DT), thermal transfer (TT), and dye diffusion thermal transfer (D2T2); and by application into retail, transportation & logistics, manufacturing & industrial, healthcare & hospitality, government, and others.
Thermal barcode printers are widely used in small, medium, and big businesses to mark and track things that will be transported later. This is one of the major aspects that has led to barcode printers' dominance in the thermal printer industry.
To keep up with the market's fast-changing demand, prominent companies are likely to focus more on technological updates and frequent product debuts. Companies like Zebra Technologies Inc. have introduced a new version of the desktop thermal printer, designed particularly to fulfil the growing demand from the healthcare, retail, and industrial sectors. Thermal printing may replace traditional advertising and provide product-related information to consumers by simply scanning the labels.
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Industry News
Honeywell launched a 4-inch desktop printer for small and medium-sized enterprises on December 24, 2021, at the Eros Hotel in Nehru Place, Delhi. Honeywell, a global leader in the AIDC industry, has launched its Impact series barcode printer as part of its "Make in India" campaign. The new 4-inch desktop barcode printer is specifically intended for light-duty label printing requirements.
Geographical Analysis
The global thermal printer market is geographically segmented by North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
The Asia-Pacific region is swiftly industrializing and seeing fast economic expansion. Thermal printers are in high demand due to the growth and expansion of numerous industries. India and China are the key engines of economic expansion in the Asia-Pacific region. Both nations are experiencing significant economic transition and industrialization.
China is a significant global manufacturing powerhouse, producing everything from electronics to consumer products to vehicles and industrial machinery. Thermal printers are used in labelling and tracking applications to print barcoded labels. India, Vietnam, Thailand, South Korea, and Malaysia all have significant domestic manufacturing businesses. Because of growing labour costs in China, many global and regional corporations are transferring manufacturing to these nations in order to maintain their competitive edge.
Key Players Operating in the Global Thermal Printer Market
Zebra Technologies Corporation
SATO HOLDINGS CORPORATION
SEIKO EPSON CORPORATION
Star Micronics Co., Ltd.
Honeywell International Inc.
Brother Industries, Ltd.
BIXOLON CO., LTD.
Fujitsu
Toshiba Corporation
TSC Auto ID Technology Co., Ltd.
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About DataM Intelligence
DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We at DataM Intelligence leverage our top trademark trends, insights, and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of Syndicate Reports & and; Customized Reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries, catering to the key business research needs that influence the growth trajectory of our vast clientele.
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