Global Printer Market Trends And Strategies Of Major Players In The Printer Market 2021-2030
14 Sep, 2021
The printer market consists of sales of printers by entities (organizations, sole traders, and partnerships) that provide printers, which are output devices that can be connected to computers to print paper documents. This includes text documents, images, or a combination of both. Only goods and services traded between entities or sold to end consumers are included.
Global Printer Market Size And Drivers:
The global printer market is expected to grow from $132.41 billion in 2020 to $144.62 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $171.82 billion in 2025 at a CAGR of 4.4%. The rising demand for 3D printers is anticipated to propel the growth of the printer market over the forecast period.
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Trends In The Global Printer Market
Advancing technologies are gaining popularity in the printer market. Major companies operating in the printing industry are focusing on developing advanced technology solutions for printers. For instance, in July 2019 HP Inc, a USA-based hardware company launched HP Neverstop Laser printer that is designed for companies in India to recreate smart printing technology. The HP Neverstop Laser Printer is an all-new, fast-reload laser printer that allows small and medium enterprises to save critical business time and costs, thereby expanding their efficiency. The printers have a mobile scanner, Wi-Fi Direct, and HP Smart App printing options and can substitute a toner in 15 seconds.
Global Printer Market Segments:
The global printer market is further segmented –
By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
By Technology: Inkjet, Thermal, Impact
By Printer Interface: Wired, Wireless
By Output Type: Color, Monochrome
By End-User Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Others
By Geography: The global printer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Printer Market At:https://www.thebusinessresearchcompany.com/report/printer-global-market-report
Printer Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides printer market overviews, analyzes and forecasts market size and growth for the global printer market, printer market share, printer market players, printer market segments and geographies, printer market’s leading competitors’ revenues, profiles and market shares. The printer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.