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Printer & Printing Consumables Market Share
The key players operating in the market are Canon, HP, Brother, Epson, Kyocera, NEC, Ricoh all together comprising a market share of 70-80% in 2023. One major factor that has contributed to their dominance is continuous innovation in printing technology. Companies reinvest a lot in research and development with new feature introductions, quality prints, enhanced speed, and low operating costs. Examples include Epson's Precision Core and HP's Page Wide technologies. They have invested a large part of their revenue for several decades in building strong brand identities based on reliability, quality, and innovative ways with printing technology.
Printer & Printing Consumables Market Companies
Major players operating in the printer & printing consumables industry include:
- Canon
- HP
- Brother
- Epson
- Kyocera
- NEC
- Ricoh
- Lexmark International
- Seiko Epson Corporation
- ACM Technologies Inc.
- AstroNova Inc.
- Nazdar Ink Technologies; L.P.
- Eastman Kodak Co.
- DIC Corporation
- Xerox Corporation
Why is the demand for medium printer & printing consumables rising?
The medium segment in the printer & printing consumables market held 57.1% revenue share in 2023, driven by its adaptability, wide-ranging features and global accessibility.
What is the size of the printer & printing consumables market?
The market size of printer & printing consumables was reached USD 48.3 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, due to the growing adoption of eco-friendly printing materials and the increase in adoption of digital documentation.
Who are the leading printer & printing consumables market players?
Canon, HP, Brother, Epson, Kyocera, NEC, Ricoh, Lexmark International, Seiko Epson Corporation, ACM Technologies Inc., AstroNova Inc., Nazdar Ink Technologies; L.P., Eastman Kodak Co., DIC Corporation, and Xerox Corporation.
How big is the APAC printer & printing consumables industry?
Asia Pacific printer & printing consumables market held 44.8% revenue share in 2023 due to its large population, rising substantial demand for printers and consumables and the increasing role as a global manufacturing hub.