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Multi-functional Printer Market Share

Report ID: GMI8544
Published Date: Mar 2024
Report Format: PDF

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Multi-functional Printer Market Share

Global Company Market Share Analysis, 2023, (%)

The Multifunctional printer market is consolidated with the presence of major players, such as HP Inc, Canon Inc., Epson Corporation, Brothers Industries Limited, and Xerox Holdings Corporation holds substantial share of the market. To increase the scope and variety of its offerings, the organization is implementing organic growth techniques. To diversify their product offerings, reach a wider consumer base, and improve their market positions, these major firms regularly engage in strategic initiatives like mergers and acquisitions, facility expansions, and partnerships. These businesses constantly devote resources to R&D to improve their designs and include state-of-the-art technologies, to stay ahead of the competition.

Multi-functional Printer Market Companies

Major players operating in the multi-functional printer industry include:

Brother Industries Ltd.
Eastman Kodak Co.
Hewlett Packard Enterprise Co.
Konica Minolta Inc.
Kyocera Corp.
Lexmark International Inc.
NEC Corp.
Oki Electric Industry Co. Ltd.
Panasonic Holdings Corp.
Ricoh Co. Ltd.
Samsung Electronics Co. Ltd.
Seiko Epson Corp.
Sharp Corp.
STAR MICRONICS Co. Ltd.
TIM S.p.A.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of multi-functional printer was reached USD 7 billion in 2023 and will grow at 5.5% CAGR from 2024 to 2032, due to technological improvements to continuously improve their capabilities and features, such as print quality and speed.

The monochrome color capability segment held 32% share of the multifunctional printer market in 2023, owing to their cost-effectiveness, efficiency, and specific business requirements.

North America recorded 29% share of the multifunctional printer market in 2023, driven by technological advancements and infrastructure developments along with high adaptation rates in corporate and other offices.

Some of the renowned multi-functional printer providers include Brother Industries Ltd., Eastman Kodak Co., Hewlett Packard Enterprise Co., Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., and NEC Corp.