What Is The Current and Historic Market Size Analysis Of The Laser Printer Market?
The laser printer market has seen considerable growth due to a variety of factors.
• The laser printer market has grown rapidly in recent years, expected to increase from $2.05 billion in 2024 to $2.31 billion in 2025, at a CAGR of 12.8%.
The growth is driven by rapid industrialization, growing disposable incomes, the increasing use of laser printers in personal and office settings, rising business activities, and a growing demand for office equipment.
What Is The Forecast For The Laser Printer Market Size?
The laser printer market is expected to maintain its strong growth trajectory in upcoming years.
• The laser printer market is projected to grow to $3.68 billion by 2029, with a CAGR of 12.4%.
Growth is fueled by the rise in remote work, demand for energy-efficient printers, and the expansion of the packaging industry. Trends include AI-driven features, cloud printing capabilities, and the integration of advanced connectivity options.
What Are The Essential Drivers Behind The Growth Of The Laser Printer Market?
The increasing number of new enterprises is expected to drive the growth of the laser printer market. With more businesses being established due to technological innovation and access to funding, the need for efficient printing solutions grows. In February 2024, UK-based Startups.co.uk reported a 6.5% rise in new enterprises in 2023, further fueling the demand for laser printers.
How Is The Global Laser Printer Market Divided Into Key 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
Subsegments:
1) By Single Function: Monochrome Laser Printers Or Color Laser Printers
2) By Multi-Function: Multifunction Monochrome Laser Printers (Print, Scan, Copy, Fax) Or Multifunction Color Laser Printers (Print, Scan, Copy, Fax) Or Multifunction Printers With Advanced Features (Wireless Connectivity, Touchscreen)
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How Are New Trends Impacting The Size Of The Laser Printer Market?
Significant corporations in the laser printer market are emphasizing the creation of novel offerings such as digital colour and monochrome laser printers tailored to a multitude of business and personal printing requirements. These digital colour and monochrome laser printers, pivotal in both personal and professional environments, utilise laser technology to deliver premium quality printed documents. In October 2023, for example, Brother - a Japanese electronic and electrical equipment firm - revealed a rejuvenated assortment of digital colour and monochrome laser printers and multifunctional devices, specifically intended to fulfill the requirements of companies of all sizes, from small businesses to multinational corporations. This introduction mirrors Brother's dedication to supplying dependable printing solutions aligned with the changing needs of the business atmosphere, ensuring companies can function efficiently in an increasingly digital world. These printers are designed to acclimate to contemporary workspaces, with features that boost productivity and efficacy.
Who Are the Key Players In The Laser Printer Market?
Major companies operating in the laser printer market are:
• 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.
What Are The Regional Insights Into 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.
