How Is The Global Laser Printer Market Defined?
A laser printer is a type of printer that uses laser technology to produce high-quality text and images on paper. It is known for sharp text quality, efficiency, and speed, making it popular in office and home environments.
Laser Printer Global Market Report 2024 provides data on the global laser printer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laser printer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Laser Printer Market Size Expected To Expand, And At What Annual Growth Rate?
The laser printer market has seen rapid expansion, growing from $1.82 billion in 2023 to $2.05 billion in 2024 at a CAGR of 12.3%. Historical growth was driven by industrialization, rising incomes, growing office use, increased business activities, and office equipment demand. The market is expected to reach $3.28 billion by 2028 at a CAGR of 12.5%, with drivers such as remote working models, sustainability efforts, packaging industry growth, and compact printer demand. Trends include advanced connectivity, AI-driven features, workflow integration, and vendor innovations.
What Are The Key Drivers Fueling Growth In The Laser Printer Market?
The rise in new enterprises is anticipated to boost the laser printer market. New businesses are flourishing due to rapid technological advancements, increased funding opportunities for startups, and growing entrepreneurial programs. Laser printers offer efficient, high-quality, and cost-effective printing solutions, supporting the smooth operation of new businesses. In 2023, the number of new enterprises in the UK rose by 6.5% compared to 2022, reflecting a growing startup culture and increasing the demand for laser printers.
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What Are The Principal Market Segments In The Global Laser Printer Industry?
The laser printer market covered in this report is segmented –
1) By Printer Type: Single Function, Multi-Function
2) By Laser Type: Helium-Neon Lasers, Semi-Conductor Laser
3) By End-User: Individual Users, Small And Medium-Sized Enterprises (SMEs), Large Enterprises, Government, Other End-Users
Which Emerging Market Trends Are Altering The Laser Printer Market?
In the laser printer market, major companies are focusing on creating innovative products like digital color and monochrome laser printers for a wide range of professional and personal applications. Brother, a Japan-based company, unveiled a refreshed lineup of digital laser printers in October 2023, catering to businesses from small enterprises to large corporations. These printers are designed to meet the demands of modern workplaces by enhancing productivity and efficiency.
What Is The Leading Region In The Laser Printer Market?
Asia-Pacific was the largest region in the laser printer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
