Press release
Thermal Printing Market: Thermal Transfer Technology to Surge in Near Future
Thermal printing is defined as a digital printing process that utilises heat from a thermal print head to produce an image or text on chemically treated paper, also termed as thermal or thermo chromic paper.There are two main types of thermal printers, namely, direct thermal printers and thermal transfer printers. In direct thermal printers, heat sensitive or thermal paper is used, wherein characters are printed onto the thermal paper by applying varying amounts of heat. Thermal transfer printers use ribbon as their cartridges.
The global thermal printing market is anticipated to expand at a promising CAGR during the forecast period. Growth of the thermal printing market is mainly driven by expanding retail industry, increasing disposable income, rising global population, rapid industrialisation of emerging markets and strong distribution network of thermal printer manufacturers.
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Moreover, trends fueling growth of the thermal printing market are transition across various sectors to portable thermal printers, rising adoption in healthcare industry, significant growth potential in developing regions and increasing competition from Chinese vendors.
On the basis of end-use industry, the global thermal printing market can be segmented into retail, transportation & logistics, healthcare, manufacturing and others. Out of these segments, retail segment dominated the global thermal printing market in 2014, and is expected to continue its dominance in the market through 2025.
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The report provides detailed analysis of the thermal printing market across seven major regions, namely, North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and the Middle East & Africa. North America dominated the market with over 24% share of the overall thermal printing market in 2014.
Key players identified in the global thermal printing market are Zebra Technologies Corporation, Honeywell International Inc, Seiko Epson Corporation, SATO Holdings Corporation, Star Micronics Co., Ltd. Zebra Technologies Corporation and Star Micronics Co., Ltd.
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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.
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