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Steady Expansion Forecast for Printer Market, Projected to Reach $15.47 Billion by 2029
Printer
Printer Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there's been a slight decrease in the size of the printer market. The market is projected to diminish from $15.08 billion in 2024 to $15.07 billion in 2025, recording a compound annual growth rate (CAGR) of -0.03%. Factors such as market competition and pricing, consumer needs and preferences, production and supply chain management, compliance with regulations, and environmental sustainability can be accredited for the downturn during the historic period.
Printer Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the printer market is anticipated to experience a slight expansion. The market is projected to reach a value of $15.47 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 0.7%. Factors like competitive market and pricing trends, shifting consumer demands, robustness of the supply chain, changes in regulatory standards, and focus on environmental impact are driving the growth in this period. Key trends for the forecast period are inclusive of mobile print solutions, subscription-oriented printing models, remote and managed print services, the use of augmented reality (AR) in printers, and security features.
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What Are the Drivers Transforming the Printer Market?
Progress in the packing sector is predicted to spur the expansion of the printer market. The packaging sector constitutes the creation and application of materials and containers which safeguard, facilitate the transport, and preserve the integrity of products. This sector's growth can be credited to growing consumer demand, technological advances, and a surge in e-commerce activities. Printers play an integral role in the packaging sector by facilitating high-quality, customizable layouts, labels, and barcodes that improve brand awareness, offer necessary product details, and fulfill regulatory criteria. As an example, in November 2023, as per the data from International Trade Administration- a Department of Commerce-run Government agency in the US, the packaging sector saw an estimated increase of 25%, escalating from USD 710 million in 2021 to USD 906 million in 2022. Consequently, the advancement in the packaging sector is fuelling the growth of the printer market.
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What Long-Term Trends Will Define the Future of the Printer Market?
Progression in technology is becoming increasingly popular within the printer market. Leading firms in the printing sector have turned their focus towards creating innovative technology solutions for printers. For example, Sharp Electronics of Canada Ltd, a company that specializes in distributing office equipment and electronics to consumers, launched the BP Advanced and Essentials Multifunctional Printer Series in July 2022. The design sophistication of this series - complete with easy-roll casters, gently closing paper drawers, and a modern color scheme - ensures it fits well within any office setting. Advanced features like the capacity to connect with cloud services like Microsoft Teams enhances the ability to have smooth communication and the Microsoft Universal Print function ensures seamless integration with Microsoft 365 environments, simplifying print management overall. Additional innovative features such as multi-feed scan detection and enhanced auto skew correction guarantee that tasks are completed correctly upon the first attempt. The Advanced Series models come topped with a 300-sheet duplexing single pass feeder, which allows users to scan documents with a speed of up to 280 images per minute.
Which Segments in the Printer Market Offer the Most Profit Potential?
The printermarket 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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Which Firms Dominate the Printer Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Printer Market?
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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