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Expanding Packaging Industry Drives Growth in Printer Market through Rising Demand for High-Quality Printing Solutions Emerges as a Core Driver of the Printer Market in 2025
Printer Market
How Large Will the Printer Market Size By 2025?
In the past few years, there has been a slight increase in the size of the printer market. The market, which is projected to expand from $15.1 billion in 2024 to $15.23 billion in 2025, will grow at a compound annual growth rate (CAGR) of 0.8%. The growth witnessed in the historic period can be attributed to factors such as market competition and pricing, consumer demands and trends, supply chain and manufacturing, regulatory compliance, and environmental sustainability.
How Big Is the Printer Market Size Expected to Grow by 2029?
The size of the printer market is predicted to experience slight growth in the upcoming years, escalating to $15.75 billion by 2029 with a compound annual growth rate (CAGR) of 0.8%. This growth envisaged for the forecasting period can be linked to factors such as competitive market conditions and pricing patterns, fluctuating consumer needs, robustness in the supply chain, development in regulatory benchmarks, and a focus on the environmental impact. Prominent trends during this forecast period include solutions for mobile printing, subscription-based printing models, remote and managed print services, the incorporation of augmented reality (AR) in printers, and security features.
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Which Key Market Drivers Powering Printer Market Expansion and Growth?
The advancements in the packaging sector are anticipated to stimulate printer market expansion. The packing profession entails the creation and application of protective, convenient, and transport-friendly materials and receptacles. Consumer demand augmentation, technological creativity, and a boost in online commerce activities all contribute to the packaging sector's growth. Printers assist the packaging industry by producing high-quality, personalized designs, labels, and barcodes that increase brand visibility, provide crucial product details, and fulfill legal obligations. For example, in November 2023, the Department of Commerce's International Trade Administration, a governmental agency in the United States, revealed a forecasted 25% surge in the packaging industry, rising from USD 710 million in 2021 to USD 906 million in 2022. As a result, the packaging sector's expansion is propelling the printer market.
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Which Fast-Growing Trends Are Poised to Disrupt the Printer Market?
Emerging technologies are steadily gaining traction in the printer market, as prominent companies in the print sector intensify their focus on innovative tech solutions for printers. An example of this is Sharp Electronics of Canada Ltd., a renowned distributor of office equipment and consumer electronic goods based in Canada, which in July 2022 unveiled the fresh BP Advanced and Essentials Multifunctional Printer Series. The series' visually appealing cabinet design featuring easy-move casters, soft-shut paper compartments, and trendy coloration renders it a perfect match for any office setting. It has enhanced compatibility with cloud services, such as Microsoft Teams, simplifying communication and integration with Microsoft 365 environments via native Microsoft Universal Print capability, which promotes straightforward print management. Cutting-edge features like multiple-feed scan detection and superior auto skew correction ensure tasks are accurately carried out on the first attempt. Advance Series models come with a 300-sheet duplexing single pass feeder, capable of scanning documents at a speed of up to 280 images per minute.
What Are the Emerging Segments in the Printer Market?
The printer market covered in this report is segmented -
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications
Subsegments:
1) By Dot-Matrix Printers: Impact Dot-Matrix Printers, Serial Dot-Matrix Printers
2) By Line Printers: Chain Printers, Drum Printers
3) By Daisy-Wheel Printers: Standard Daisy-Wheel Printers, High-Speed Daisy-Wheel Printers
4) By Laser And LED Printers: Color Laser Printers, Monochrome Laser Printers, LED Printers
5) By Mono Printers: Black And White Printers, Thermal Printers
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Who Are the Global Leaders in the Printer Market?
Major companies operating in the printer market include Hewlett-Packard Company (HP), Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku Corporation, Oki Electric Industry Co. Ltd., Lexmark International Inc., Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt. Ltd., Bixolon Co. Ltd., Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation
Which are the Top Profitable Regional Markets for the Printer Industry?
North America was the largest region in the printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period. The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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