The global printer market size is expected to grow from $6.80 billion in 2021 to $7.58 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The growth in the market 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 printers market is expected to reach $11.26 billion in 2026 at a CAGR of 10.4%.
What is the Global Printer Market?
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.
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What drives the Global Printer Market?
The rising demand for 3D printers is anticipated to propel the growth of the printer market over the forecast period. 3D printers use a technique called additive processing to shape (or print) physical objects layer by layer before the design is finished. Companies across industries, from automotive to consumer products, are becoming aware of the benefits of 3D printers provide for production. For instance, large car manufacturers such as Volkswagen, BMW and Ford are already developing 3D-printed parts for their automobiles. Therefore, the rising demand for 3D printers drives the growth of the printer market.
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Global Printer Market Segments
The global printer market is segmented:
By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser and 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 regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Printer Global Market Report 2022provides market size and growth forecasts for the global printer market, global printer market share, printer market segments and geographies, printer market competitive landscape including 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.
Global Printer Industry Playersinclude Brother Industries Ltd, Seiko Epson Corp, Hewlett-Packard Company (HP), Canon, Ricoh, Samsung Electronics Co. Ltd, Konica Minolta Inc., Hitachi, Zebra Technologies, Lexmark International Inc., Printek LLC, Durst, Bixolon Co. Ltd, Fujitsu, Honeywell International Inc, Polaroid Corporation, Inca Digital Printers, Toshiba Tec Corporation, Kyocera Corp., Sharp Corp., Agfa and Gevaert and Eastman Kodak Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
