Press release
Surge In New Enterprises Boosts Laser Printer Market Growth: A Key Factor Shaping the Future of the Laser Printer Market in 2025
Laser Printer Market
The rise in the number of new enterprises is expected to propel the growth of the laser printer market. The increase in startups is due to technological innovation, available funding, and entrepreneurship programs. Laser printers help businesses improve efficiency by providing fast, high-quality document production. For instance, in February 2024, the number of new enterprises in the UK rose by 6.5% from the previous year, driving the demand for laser printers.
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How will the growth rate of the laser printer market shape industry trends by 2034?
The laser printer market will increase from $2.05 billion in 2024 to $2.31 billion in 2025 at a CAGR of 12.8%, supported by industrialization, rising office equipment demand, and business expansion.
The laser printer market is projected to expand rapidly, reaching $3.68 billion by 2029, with a CAGR of 12.4%. Growth will be driven by the rise of remote and hybrid work models, increasing demand for compact laser printers, sustainability concerns fueling the adoption of energy-efficient printers, and expanding applications in the packaging industry. Key trends include advanced connectivity features like Wi-Fi, Bluetooth, and cloud printing, AI-driven automation, integration with modern devices and workflows, and continued vendor investments in new product development.
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What trends are poised to drive the future success of the laser printer market?
Companies in the laser printer market are focused on developing digital color and monochrome laser printers to meet a wide range of business and personal printing needs. These printers use laser technology to produce high-quality printed documents. For instance, in October 2023, Brother, a Japan-based electronics company, launched a refreshed lineup of digital color and monochrome laser printers and all-in-one devices. These printers are designed to meet the evolving demands of modern workplaces, offering features that enhance productivity and efficiency for businesses of all sizes, enabling smooth operations in a digital-first world.
Which primary segments of the laser printer market are driving growth and industry transformations?
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
Subsegments:
1) By Single Function: Monochrome Laser Printers Or Color Laser Printers
2) By Multi-Function: Multifunction Monochrome Laser Printers (Print, Scan, Copy, Fax) Or Multifunction Color Laser Printers (Print, Scan, Copy, Fax) Or Multifunction Printers With Advanced Features (Wireless Connectivity, Touchscreen)
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Which geographical regions are pioneering growth in the laser printer market?
Asia-Pacific was the largest region in the laser printer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the laser printer market landscape?
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.
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What Is Covered In The Laser Printer Global Market Report?
•Market Size Forecast: Examine the laser printer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the laser printer market for a structured understanding.
•Key Players Overview: Analyze major players in the laser printer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laser printer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the laser printer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laser printer market.
•Industry Challenges: Identify potential risks and obstacles affecting the laser printer market.
•Competitive Landscape: Review strategic developments in the laser printer market, including expansions, agreements, and new product launches.
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