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: 386
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
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 $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
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
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small