FMI Report States Global Retail Printers Market Share to Reach USD 4.9 Billion Mark by 2026, Surging at CAGR of 6.7%

The global retail printer market is on track for significant growth, with a projected market valuation exceeding USD 4.9 billion by 2026. This growth is fueled by a Compound Annual Growth Rate (CAGR) of 6.7%, building upon a solid foundation of USD 3.8 billion in sales achieved in 2022.

A key factor driving this market expansion is the increasing emphasis on sustainability within the retail industry. Recognizing the environmental impact of traditional printing practices, manufacturers are strategically developing eco-friendly and environmentally responsible retail printing solutions. This shift reflects a growing commitment to sustainable practices across the retail landscape.

The evolving retail landscape, with its growing emphasis on omnichannel experiences, is another factor contributing to market growth. Retailers are increasingly leveraging printing solutions to bridge the gap between online and physical stores, such as through the creation of personalized marketing materials and in-store product information. This trend is expected to continue to drive demand for retail printers in the coming years.

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As the competition in the retail sector is becoming more and more intense, retailers are concentrating on offering a personalised experience to their customers which streamlines their activity in the store and offers them a pleasant experience, thus retaining their loyalty and increasing store footfalls.

Due to the installation of printers in retail stores, retailers can offer their customers a variety of customer-centric campaigns such as giving them discount vouchers along with their bills. Such printing terminals also enable retailers to offer various loyalty programs to their customers, thereby increasing the frequency of customer visits and subsequently the sales and revenue margins.

Also, by streamlining their operations, retailers can switch over to the omni-channel platform, giving their customers more options and enabling them to buy products from their stores through a variety of channels. This helps retailers fulfil the high expectations of their customers, helping them expand their business and offer a happy and unforgettable experience to their customers.

U.S. Retail Printers Market Outlook: Elevating Customer Experience Through Unique Solutions

In the dynamic landscape of the United States, the shifting preferences of consumers are poised to compel retailers to enhance their service offerings and streamline product deliveries. In 2022, the North American retail printers market is expected to claim a substantial share, approximately 42.7%, as indicated by insights from FMI (Financial Market Insights).

Prospects for the U.K. Retail Printers Market: Surging Demand in the E-commerce Sector

The burgeoning trend of online shopping in the United Kingdom, fueled by the convenient access to a diverse array of products and doorstep delivery services, is anticipated to drive the demand for retail billing printers. According to FMI projections, the European retail printers market is poised to capture a share of about 25.8% in 2022.

India's Retail Printers Market: Government Initiatives Fuelling Growth

India's vibrant retail landscape, marked by the presence of numerous prominent retail chains, is expected to catalyze the demand for retail label printing solutions in the foreseeable future. Within the Asia Pacific excluding Japan (APEJ) region, the retail printers market is predicted to secure a share of approximately 16.0% in 2022, underlining the significant growth potential, buoyed in part by government funding initiatives to develop advanced retail printer machines.

Global Retail Printers Market: Competitive Landscape

The research report on the global retail printers market has an entire section devoted to study the competition landscape of this market in which the key players operating in the market are profiled. This section also has important information about these companies such as the company overview, key financials, geographical reach, SWOT analysis, key strategies, etc.

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Key Players:

Avery Dennison Corporation
Brother Industries, Ltd.
Honeywell International, Inc.
Oki Electric Industry Co., Ltd.
SATO Holdings Corporation
Star Micronics Co., Ltd.
Toshiba TEC Corporation
TSC Auto Id Technology Co., Ltd.
Postek Electronics Co., Ltd.
Zebra Technologies Corporation

Retail Printers Market by Category:

By Product Type:
Desktop Printers
Industrial Printers
Mobile Printers
Other Product Types

By Technology:
Thermal Transfer Label Printer
Direct Thermal Label Printer
Inkjet Label Printer
Laser Label Printer
Thermal Transfer Paper Printer
Direct Transfer Paper Printer
Impact Paper Printer
Inkjet Paper Printer

By Application:
Departmental Stores
Warehouse Retailers
Mom & Pop Stores
E-commerce
Supermarkets
Other Applications

By Region:
North America
Latin America
Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.