The laser printer market size has experienced rapid growth in recent years, rising from $1.82 billion in 2023 to $2.05 billion in 2024, representing a robust CAGR of 12.3%. This historic growth has been attributed to factors such as rapid industrialization, increasing disposable income, a higher uptake of laser printers for both personal and office use, growing business activities, and heightened demand for office equipment. Looking forward, the laser printer market is expected to achieve further rapid growth, reaching $3.28 billion in 2028 at a CAGR of 12.5%. This anticipated growth will be supported by the rise of remote and hybrid working models, a growing emphasis on sustainability driving the demand for energy-efficient laser printers, increasing needs from the packaging industry, and a rising preference for compact laser printers. Key trends expected during this period include advanced connectivity options such as Wi-Fi, Bluetooth, and cloud printing capabilities, the integration of artificial intelligence (AI) for enhanced features and automation, alignment with modern devices and workflows, incorporation of technical advancements, and increased investments by vendors for launching new products.
Global Laser Printer Market Key Driver
The growing number of new enterprises is expected to propel the growth of the laser printer market going forward. New enterprises are recently established businesses in the early stages of development. The increase in the number of new enterprises is due to the rapid pace of technological innovation, the increase in available funding for startups, and the proliferation of entrepreneurship programs. Laser printers help enterprises to provide fast, reliable, and cost-effective printing solutions that support efficient operations and high-quality document production. For instance, in February 2024, according to Startups.co.uk, a UK-based business advice website, the number of new enterprises in the UK reached 39,966 in 2023, marking a 6.5% rise compared to the same period in 2022. Therefore, the growing number of new enterprises is driving the growth of the laser printer market.
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Global Laser Printer Market Segments
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
By Geography:The regions covered in the laser printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Laser Printer Industry Players
Samsung Electronics Co Ltd., Dell Technologies Inc., Panasonic Corporation, HP Inc., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Sharp Corporation, Ricoh Company Ltd., Kyocera Corporation, Epson America Inc., Konica Minolta Inc., Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Eastman Kodak Company, HID Global Corporation , Sindoh Co Ltd., UTAX GmbH, Newgen Solutions USA Inc.
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Laser Printer Market Overview
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 2023 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.
