Global Printers Market Analysis & Forecast by Type, Technology & Geography (2020-2024) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2019--
The “Printers Market by Type, Technology, and Geography - Global Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
This printers market analysis considers sales from both multifunction printers and single function printers. The study also finds the sales of printers in APAC, Europe, North America, South America, and MEA.
In 2018, the multifunction printers segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as integrating features like including fax, scan, and photocopiers, along with printing into a single device, will play a significant role in the multifunction printers segment to maintain its market position.
Also, the market report looks at factors such as rising demand from SMEs across globe, growing demand for large format printers from textile and advertising industries, and demand from developing countries. However, digitization in enterprises, growth of PaaS business model, refurbished and counterfeit printers, and printer supplies may hamper the growth of the printers industry over the forecast period.
Growing demand for large-format printers from textile and advertising industries
With the rapidly changing fashion industry, textile manufacturers are shifting their focus from analog printing to digital printing as the latter offers numerous benefits, including cost savings and eco-friendliness. This is encouraging market vendors to introduce new large-format printers to cater to the growing demand from the textile industry.
Also, the rise in marketing and advertising activities have increased the demand for large-format printers for producing large banners, posters, and signs. Thus, the growing demand for large-format printers from the textile and advertising industries will lead to the expansion of the global printers market at a CAGR of over 2% during the forecast period.
The emergence of ink tank printer
Ink tank printers are gaining momentum in the market due to their high print quality, cost benefits, and high speed of printing. This printer type comes with a dedicated ink tank for each color, such as cyan, yellow, black, and magenta. Ink tank printers use a bulk ink system, which supplies ink continuously to the printer.
Although the cost of ink tank printers is high, the low cost per print and low running cost will boost the popularity of these printers among end-users. Moreover, ink tank printers have a longer life cycle and can print a larger number of pages than other printers. This development is expected to have a positive impact on the overall market growth.
With the presence of several major players, the global printers market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading printers manufacturers, that include:
Also, the printers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/q538t9
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SOURCE: Research and Markets
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PUB: 11/06/2019 08:10 AM/DISC: 11/06/2019 08:10 AM