Dublin, April 20, 2020 (GLOBE NEWSWIRE) -- The "Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The thermal printing market was valued at USD 41.3 billion in the year 2019 and is projected to reach USD 53.5 billion by 2025.
The rising utilization of automatic identification and data capture technologies for improving productivity is one of the key driving factors for the thermal printing market growth. However, the stringent printing regulations and poor image quality of barcode labels are a few of the factors hindering the growth of the thermal printing market.
Retail application to dominate thermal printing market, in terms of size, during the forecast period
The thermal printing market for retail applications is expected to hold a dominant position during the forecast period. There is a significant demand for thermal printers in the retail sector. One of the critical factors for this high demand is the need for maintaining data by tracking inventory through barcode and RFID tags. Thermal printers are used to print these tags at significantly low costs. Also, these printers print rugged and reliable labels, which can withstand all challenging conditions such as abrasion, moisture, and extreme temperatures. Moreover, the inclination of the companies toward retailing and the growth potential of the e-commerce business is further expected to fuel the thermal printing market.
Barcode printers segment to hold the largest share of thermal printer market and witness significant growth from 2020 to 2025
In terms of market size, the barcode printers are expected to dominate the thermal printer market during the forecast period and are likely to witness significant growth in the said market from 2020 to 2025. Thermal barcode printers are extensively used in small, medium, and large businesses to label and subsequently track the products to be shipped. This is one of the significant factors that has led to the leading position of barcode printers in the thermal printer market.
APAC to witness the highest growth in the market during the forecast period
APAC is expected to witness the highest growth in the thermal printing market during the forecast period. China, Japan, and Australia are a few major countries that accelerate the growth of the thermal printing market in APAC. Healthcare & hospitality, and transportation & logistics applications are expected to demonstrate a higher increase compared with other applications in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Thermal Printing Market
4.2 Thermal Printing Market, by Offering
4.3 Thermal Printing Market in APAC, by Country and Application
4.4 Thermal Printing Market, by Application
4.5 Thermal Printing Market, by Country (2019)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising utilization of automatic identification and data capture technologies for improving productivity
5.2.1.2 Growing concerns regarding product safety and anti-counterfeiting
5.2.1.3 Increasing use of thermal printing technology in the latest on-demand printing applications
5.2.1.4 Rising penetration of wireless technologies in mobile printers
5.2.1.5 Growing use of RFID and barcode thermal printers in the fast-growing e-commerce industry
5.2.2 Restraints
5.2.2.1 Poor image quality of barcode labels
5.2.2.2 Stringent printing regulations
5.2.3 Opportunities
5.2.3.1 Increasing adoption of thermal printers in the healthcare industry
5.2.3.2 Growing use of thermal barcode printers in the supply chain industry to accelerate market growth
5.2.4 Challenges
5.2.4.1 Heat settings of thermal barcode printers
5.2.5 Winning Imperative
5.2.5.1 Emergence of IoT technology for printing applications
5.3 Value Chain Analysis
5.4 Impact of Covid-19 on Thermal Printing Market
6 Thermal Printing Market, by Offering
6.1 Introduction
6.2 Printers
6.2.1 Components of Thermal Printers
6.2.1.1 Thermal heads
6.2.1.1.1 Printhead is vital printer component that creates an image on the face of media
6.2.1.2 Platens
6.2.1.2.1 Platen is a key component of thermal printer, which is responsible for feeding paper into the device
6.2.1.3 Springs
6.2.1.3.1 Spring presses thermal head to paper, causing a chemical reaction in paper to print image
6.2.1.4 Controller boards
6.2.1.4.1 Controller board plays a vital role in collaborating overall working of all components in thermal printer
6.3 Supplies
6.3.1 Direct Thermal Supplies
6.3.1.1 Direct thermal supplies to continue to hold the largest share of thermal printing supplies market during 2020-2025
6.3.2 Thermal Transfer Supplies
6.3.2.1 High durability, long shelf life, and protection against environmental conditions are key features of thermal transfer labels
6.3.3 Dye Diffusion Thermal Transfer Supplies
6.3.3.1 Dye diffusion thermal transfer method of thermal printing finds major uses in security, medical, and scientific, applications
7 Thermal Printer Market, by Printer Type
7.1 Introduction
7.2 Barcode Printers
7.2.1 Thermal Barcode Printers are Widely Used in Manufacturing Applications, as They Benefit Every Process of Manufacturing, From Distribution and Logistics to Inventory Tracking and Shipping
7.3 POSPrinters
7.3.1 Printing Customer Receipts At Retail POSCounters Is Among Major Applications of POSPrinters
7.4 Kiosk and Ticket Printers
7.4.1 Growing Demand From Government and Healthcare & Hospitality Applications to Drive Thermal Kiosk and Ticket Printer Market
7.5 RFID Printers
7.5.1 Thermal RFID Printers to Witness Highest Growth in Thermal Printer Market During Forecast Period
7.6 Card Printers
7.6.1 North America to Dominate in Thermal Card Printer Market During Forecast Period
8 Thermal Printer Market, by Format Type
8.1 Introduction
8.2 Industrial Format Printers
8.2.1 Industrial Format Printers to Continue to Account for Largest Share of Thermal Printer Market During 2020-2025
8.3 Desktop Format Printers
8.3.1 Retail, Healthcare, and Hospitality are Among Key Application Areas of Desktop Format Thermal Printers
8.4 Mobile Format Printers
8.4.1 Mobile Format Thermal Printers are Light in Weight, Easy to Use, Durable, and Deliver Rich Print Quality
9 Thermal Printer Market, by Printing Technology
9.1 Introduction
9.2 Direct Thermal
9.2.1 POS Printers Accounted for the Largest Share of Thermal Printer Market for Direct Thermal Technology in 2019
9.3 Thermal Transfer
9.3.1 Barcode Printers, POS Printers, and Kiosk & Ticket Printers are Major Types of Printers in Which Thermal Transfer Technology is Being Used
9.4 Dye Diffusion Thermal Transfer
9.4.1 Card Printers to Account for Largest Size of Thermal Printer Market for Dye Diffusion Thermal Transfer Technology During Forecast Period
10 Thermal Printing Market, by Application
10.1 Introduction
10.2 Retail
10.2.1 Growing Demand for RFID Printers to Drive Thermal Printing Market for Retail Application
10.3 Transportation and Logistics
10.3.1 Enhancing Yard Management and Fleet Management Processes and Tracking Assets are A Few Key Applications of RFID Thermal Printers
10.4 Manufacturing and Industrial
10.4.1 Thermal-Printed Barcode Solutions Help in End-To-End Traceability and Quality Control in Manufacturing & Industrial Environment
10.5 Healthcare and Hospitality
10.5.1 Patient ID Tracking, Specimen/Blood Labelling, Medication Tracking, Staff ID and Access Control, Healthcare Materials Management, and Workflow Automation are a Few Key Applications of Thermal Printers in Healthcare Industry
10.6 Government
10.6.1 Initiatives Taken by Us Government to Increase Safety and Security Is Among Key Factors Leading to High Demand for Thermal Printers in North America
10.7 Others
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 ROW
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis: Thermal Printing Market
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Strength of Product Portfolio
12.5 Business Strategy Excellence
12.6 Competitive Situations and Trends
12.6.1 Product Launches
12.6.2 Expansions and Acquisitions
12.6.3 Partnerships and Collaborations
13 Company Profiles
13.1 Key Players
13.1.1 Zebra Technologies
13.1.2 Sato Holdings
13.1.3 Seiko Epson
13.1.4 Star Micronics
13.1.5 Honeywell International
13.1.6 Bixolon
13.1.7 Fujitsu
13.1.8 Brother Industries
13.1.9 Toshiba TEC
13.1.10 Tsc Auto ID Technology
13.2 Other Companies
13.2.1 NCR Corporation
13.2.2 Avery Dennison
13.2.3 Citizen Systems
13.2.4 Jadak
13.2.5 Rongta Technology (Xiamen) Group
13.2.6 Promach
13.2.7 Cognitivetpg
13.2.8 Shinmei
13.2.9 Seiko Instruments
13.2.10 Axiohm
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