Press release
Laser Printer Market Report 2024: Advancements and Trends in Printing Technology
Laser Printer Market Report
The new report published by The Business Research Company, titled Laser Printer Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the laser printer market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The laser printer market size is expected to see rapid growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.
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What Is Driving The Growth Of The Global Laser Printer Market?
Surge In New Enterprises Boosts Laser Printer Market Growth
The growing number of new enterprises is expected to propel the growth of the laser printer market going forward. New enterprises are recently established businesses in the early stages of development. The increase in the number of new enterprises is due to The rapid pace of technological innovation, the increase in available funding for startups, and the proliferation of entrepreneurship programs. Laser printers help enterprises to provide fast, reliable, and cost-effective printing solutions that support efficient operations and high-quality document production. For instance, in February 2024, according to Startups.co.uk, a UK-based business advice website, 2023 the number of new enterprises in the UK reached 39,966 in 2023, marking a 6.5% rise compared to the same period in 2022. Therefore, the growing number of new enterprises is driving the growth of the laser printer market.
What Is The Key Trend In The Global Laser Printer Market?
Brother's Latest Digital Laser Printers Meeting Diverse Business Needs With Advanced Technology
Major companies operating in the laser printer market are focused on developing innovative products such as digital color and monochrome laser printers for a wide range of business and personal printing needs. Digital color and monochrome laser printers are essential devices in personal and professional settings, utilizing laser technology to produce high-quality printed documents. For instance, in October 2023, Brother, a Japan-based electronics and electrical equipment company, unveiled a new and refreshed lineup of digital color and monochrome laser printers and all-in-one devices designed to cater to the needs of businesses ranging from small enterprises to large corporations. This launch reflects Brother's commitment to providing reliable printing solutions that meet the evolving demands of the workplace, ensuring businesses can operate efficiently in a digital-first world. These printers are built to adapt to modern work environments, offering features that enhance productivity and efficiency.
How Is The Global Laser Printer Market Segmented?
The laser printer market covered in this report is segmented -
1) By Printer Type: Single Function, Multi-Function
2) By Laser Type: Helium-Neon Lasers, Semi-Conductor Laser
3) By End-User: Individual Users, Small And Medium-Sized Enterprises (SMEs), Large Enterprises, Government, Other End-Users
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How Is The Competitive Landscape Of The Global Laser Printer Market?
Major companies operating in the laser printer market are Samsung Electronics Co Ltd., Dell Technologies Inc., Panasonic Corporation, HP Inc., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Sharp Corporation, Ricoh Company Ltd., Kyocera Corporation, Epson America Inc., Konica Minolta Inc., Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Eastman Kodak Company, HID Global Corporation , Sindoh Co Ltd., UTAX GmbH, Newgen Solutions USA Inc.
Contents Of The Global Laser Printer Market
1. Executive Summary
2. Laser Printer Market Report Structure
3. Laser Printer Market Trends And Strategies
4. Laser Printer Market - Macro Economic Scenario
5. Laser Printer Market Size And Growth
…..
27. Laser Printer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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