Dublin, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The "Printer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
This report reveals significant growth in the global printer market, which reached a value of US$ 47.5 billion in 2022. Forecasts project an increase to US$ 64.7 billion by 2028, with a compound annual growth rate (CAGR) of 5.07% during the years 2023 to 2028. Global usage trends point towards a rapid adoption of printers across varied sectors, with multi-functional printers leading the charge due to their efficiency in managing documents and saving space and costs. The market is witnessing a shift with end-users increasingly preferring inkjet printers for their seamless portability and superior output quality.
Printer Market Dynamics: Integration of Wireless Technology and Expanding Commercial Use
The industry is observing a notable transition towards wireless printer technologies, enhancing user convenience and networked office systems. The commercial sector, in particular, is driving demand in the printer market with the proliferation of advertising needs. Other segments, including residential, educational institutions, enterprises, and government, also contribute significantly to market expansion.
Geographical Insights: North America Leads While Asia-Pacific Shows Robust Growth
On the geographical front, North America retains the dominant market position, largely due to its early and high adoption of advanced printing technologies. The Asia-Pacific region, however, is also showing robust growth, powered by emerging economies with rapidly improving educational and industrial sectors that fuel demand for printing solutions.
Key Market Segmentation
- Printer Type: The study delves into multi-functional and standalone printers.
- Technology Type: The segmentation includes dot matrix, inkjet, LED, thermal, and laser printers.
- Printer Interface: Analysis of both wired and wireless printer interfaces is presented.
- End User: The report examines the printer market's diverse applications across residential, commercial, educational institutions, enterprises, the government, and others.
Competitive Landscape & Strategic Analysis
The report scrutinizes the competitive environment, highlighting strategies adopted by industry leaders across the globe. It underscores key market players’ focus on technological integration and innovative product offerings to stay ahead in an evolving digital landscape.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 148 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $47.5 Billion |
| Forecasted Market Value (USD) by 2028 | $64.7 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Companies Mentioned
- Brother Industries Ltd.
- Canon Inc.
- FUJIFILM Corporation
- Fujitsu Limited
- Hitachi Ltd.
- Honeywell International Inc.
- HP Inc.
- Konica Minolta Inc.
- KYOCERA Corporation
- Panasonic Corporation
- Ricoh Company Ltd.
- Roland DG Corporation
- Seiko Epson Corporation
- Toshiba Corporation
- Xerox Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/6j49g9
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