Thermal Printing Market Thermal Printing Market: Thermal Transfer Technology to Surge in Near Future
The global thermal printing market is projected to register a promising CAGR of 4.4% during the forecast period due to several factors. The report details trends driving each segment and respective sub-segments, delivering analysis and insights about the potential of the thermal printing market in specific regions.
Obtain Report Details @https://www.futuremarketinsights.com/reports/thermal-printing-market
North America dominated the thermal printing market with over 24% market share in 2014, and is expected to lose its market share to Asia Pacific excluding Japan by 2025. Western Europe accounted for over 21% share of the total thermal printing market share in 2014, but is projected to lose it dominance by 2025. Asia Pacific excluding Japanmarket is projected to register the highest CAGR between 2015 and 2025, due to low-cost product offerings by manufacturers based in the region. As on 2014, Asia Pacific accounted for over 20% market share of the overall thermal printing market, positioning itself as the third-largest revenue contributor. By the end of 2025 the market in the region is anticipated to gain 400 Basis Point Share to become the highest contributor to the overall thermal printing market.
Growth of the global thermal printing market is primarily driven by expanding retail industry, increasing disposable income, rising global population, rapid industrialisation of emerging markets, strong distribution network of thermal printer manufacturers and increasing environmental and social awareness.
Various retailers in North America and Europe have already migrated from impact printers to thermal printers due to various benefits offered by the latter over the former. For instance, IBM launched SureMark Printers Dual-station models showcasing the same. Over the following five years, APEJ is expected to account for around half of the sales generated by the world’s top fifty largest economies and would be twice that of North America, the next largest region in the retail sector.Growing industrial production in Brazil and continuous moderate growth of the manufacturing sector in Mexico is strengthening the thermal printing market in Latin America. With growing investment and development in Eastern Europe, the region is expected to register opportunistic growth rate in the market.Chinese vendors offering products at competitive prices as compared to other thermal printer vendors has boosted sales of thermal printing worldwide.
On the basis of technology, the market has been segmented into direct thermal and thermal transfer. The direct thermal segment accounted for over 55% share of the global thermal printing market in 2014.
Browse Full: “Thermal Printing Market: Global Industry Analysis and Opportunity Assessment 2015–2025” Market Research Report at https://www.futuremarketinsights.com/reports/thermal-printing-market
Global Thermal Printing Market is further segmented on the basis of end-use industry into Retail, transportation & logistics, healthcare, manufacturing and others. Revenue contribution of the retail segment was 28.9% in 2014, and is projected to grow to 30.7% by 2025, registering a CAGR of 5.0% over the forecast period. The healthcare segment is anticipated to record the highest CAGR of 5.6% during the forecast period, as utilization of thermal printing technology in this segment is in its early phase of adoption in the emerging economies and is expected to gain traction across various industries in the near future.
Request to view Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-687
By printer type, the thermal printing market is segmented into POS printer, label & tag printer and RFID printer. Among the three segments, RFID printer segment is expected to register the highest CAGR of 6.0% between 2015 and 2025. The POS printer segment accounted for over 57% market share in 2014, but is expected to lose market share to the RFID printer and label & tag printer segment by the end of the forecast period.
Key players in the global thermal printing market includeZebra Technologies Corporation, Honeywell International Inc, Seiko Epson Corporation, SATO Holdings Corporation, Star Micronics Co., Ltd. Zebra Technologies Corporation and Star Micronics Co., Ltd. These players focus on research and development initiatives to introduce innovative products to attain sustainable advantages over the competition. In addition, these players also focus on expanding their global presence through strategic mergers and acquisitions and new product development.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermal Printing Market Thermal Printing Market: Thermal Transfer Technology to Surge in Near Future here
News-ID: 760163 • Views: 572
More Releases from Future Market Insights
Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the
Clinical Trials Market Survey Report 2021 Along with Statistics, Forecasts till …
The study offers a long-term forecast of the clinical trials landscape for the period between 2019 and 2029. The clinical trials landscape is projected to record a 4.5% CAGR through 2029. Collaboration at Its Peak: Key Strategy of Manufacturers in Clinical Trials Market For reducing economic burden, many companies are planning to shift their focus towards on-core business activities, thereby outsourcing their clinical trials activities to the CROs (contract research organizations). This
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020