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Printer Market Trends

  • Report ID: GMI12235
  • Published Date: Nov 2024
  • Report Format: PDF

Printer Market Trends

Increasing environmental concerns are prompting businesses and consumers to seek more sustainable printing solutions. Manufacturers are responding by developing eco-friendly printers that reduce energy consumption, minimize waste, and use environmentally friendly materials. Features like refillable ink tanks, recycled or biodegradable cartridges, and energy-saving modes are gaining popularity. Additionally, many printers now support duplex (double-sided) printing to reduce paper usage. Corporations are increasingly adopting these solutions as part of their sustainability initiatives, contributing to the shift toward greener printing technologies. These innovations not only appeal to eco-conscious users but also help companies meet regulatory standards for sustainability.
 

The growth of remote and hybrid work cultures presents a significant challenge to the printer market, reducing demand for traditional office printing solutions. As more employees work from home, the need for high-volume office printers has decreased, especially in corporate environments where printing was previously essential. Businesses have increasingly adopted digital document management systems, lessening their reliance on physical paperwork. Hybrid work setups have also encouraged organizations to implement paperless workflows, further reducing printing tasks. Printer manufacturers must adapt by developing portable, compact models and cloud-based solutions for remote workers while addressing the reduced demand for office-centric products.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global printer industry was valued at USD 71.9 billion in 2023 and is estimated to grow at a 4.9% CAGR from 2024 to 2032, driven by the global growth of e-commerce and logistics.

Inkjet printers generated over USD 21.3 billion in revenue in 2023 and are expected to reach USD 33.5 billion by 2032 due to their cost-effectiveness, versatility, and print quality.

The Asia Pacific region held a 38.6% share of the printer market in 2023 and is expected to grow at a 5.2% CAGR during the forecast period, driven by rapid industrialization.

Key players in the industry include Brother, Canon, Dell, Epson, Fujifilm, HP, Konica Minolta, and Kyocera.

Printer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 176
  • Countries covered: 21
  • Pages: 176
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