How Has the Printer Market Size Evolved in Recent Years?
The printer market has seen considerable growth due to a variety of factors.
• In recent times, the printer market has seen a slight expansion. Projected growth from $15.1 billion in 2024 to $15.23 billion in 2025, indicates a compound annual growth rate (CAGR) of 0.8%.
Factors contributing to the growth experienced during the historical period include market competition and pricing, consumer demands and trends, supply chain and manufacturing processes, regulatory compliance, and environmental sustainability.
What Is The Forecast For The Printer Market By 2029?
The printer market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are that the printer market will experience slight expansion in the coming years, with projections of reaching a value of $15.75 billion by 2029 and a compound annual growth rate (CAGR) of 0.8%.
This anticipated growth over the forecasted period is mainly due to factors such as competitive market dynamics and pricing patterns, evolving consumer requirements, strength of the supply chain, the advancement of regulatory standards, and a greater focus on environmental considerations. Key trends expected to be seen in this period include the growth of mobile printing solutions, subscription-based printing models, remote printing and managed print services, the introduction of augmented reality (AR) in printers, along with security features.
What Factors Are Driving Growth In The Printer Market?
The expansion of the printer market is predicted to be propelled by the growth in the packaging industry in the future. The packaging sector is involved in the construction and usage of materials and containers designed to safeguard, preserve, and facilitate the movement of goods. The advancement in the packaging sector comes from increased consumer demand, innovation in technology, and e-commerce activity growth. Printers bolster the packaging industry through the capacity to create high-quality, customizable designs, labels, and barcodes—increasing brand visibility, delivering crucial product intel, and complying with regulations. For instance, as reported by the International Trade Administration—a US Department of Commerce government agency—in November 2023, the packaging industry was estimated to have grown by 25%, elevating from USD 710 million in 2021 to USD 906 million in 2022. Consequently, it's the growth in the packaging industry that is fuelling the printer market.
How Is The Globa Printer Market Divided Into Key Segments?
The printer market covered in this report is segmented –
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome
5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications
Subsegments:
1) By Dot-Matrix Printers: Impact Dot-Matrix Printers, Serial Dot-Matrix Printers
2) By Line Printers: Chain Printers, Drum Printers
3) By Daisy-Wheel Printers: Standard Daisy-Wheel Printers, High-Speed Daisy-Wheel Printers
4) By Laser And LED Printers: Color Laser Printers, Monochrome Laser Printers, LED Printers
5) By Mono Printers: Black And White Printers, Thermal Printers
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What Trends Are Reshaping The Printer Market Landscape?
Emerging technologies enjoy rising prominence in the printer market. Key players in the printing industry are prioritizing the creation of state-of-the-art technology solutions for printers. For example, in July 2022, Sharp Electronics of Canada Ltd., an enterprise that supplies office equipment and consumer electronics in Canada, introduced the new BP Advanced and Essentials Multifunctional Printer Series. The sophisticated cabin design with smooth-rolling casters, soft-closing paper drawers, and modern color scheme makes this series a great addition to any office setup. Enhanced compatibility with cloud services, including Microsoft Teams, simplifies communication, while native Microsoft Universal Print function promotes seamless integration with Microsoft 365 systems, providing easier print management. Pioneering features such as multi-feed scan detection and improved auto skew correction ensure jobs are completed accurately on the first try. The Advanced Series models come with a 300-sheet duplexing single pass feeder, enabling users to scan documents at a rate of up to 280 images per minute.
Who Are the Key Players in the Printer Market?
Major companies operating in the printer market include:
• Hewlett-Packard Company (HP)
• Fujitsu Limited
• Toshiba Tec Corporation
• Kyocera Corp.
• Mutoh Holdings Co. Ltd.
• Ricoh Company Ltd.
• Sharp Corp.
• Konica Minolta Inc.
• Seiko Epson Corp.
• Brother Industries Ltd.
• Zebra Technologies Corporation
• Riso Kagaku Corporation
• Oki Electric Industry Co. Ltd.
• Lexmark International Inc.
• Agfa-Gevaert N.V.
• Eastman Kodak Company. Inca Digital Printers Limited
• Mimaki Engineering Co. Ltd.
• MGI Digital Technology
• Roland DG Corporation
• Kornit Digital Ltd.
• Printek LLC
• DURST GROUP AG
• Canon India Pvt. Ltd.
• Bixolon Co. Ltd.
• Screen Holdings Co. Ltd.
• AstroNova Inc.
• Primera Technology Inc.
• Electronics for Imaging Inc.
• SATO Holdings Corporation
What are the Regional Insights into the Printer Market?
North America was the largest region in the printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period. The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
