Printers Market size to Grow by USD 10.21 billion from 2021 to 2026|Rising demand from SMEs boosts the market - Technavio

NEW YORK, July 17, 2023 /PRNewswire/ -- The printer market size is estimated to increase by USD 10.21 billion from 2021 to 2026. The market's growth momentum will progress at a CAGR of 3.48% during the forecast period. Discover some insights on the market size and Forecast (2021 to 2026) before buying the full report -Request a sample report

Printers Market – Vendor Analysis
Vendor Landscape - The global printers market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer printers in the market are Brother Industries Ltd., Canon Inc., Dell Inc., FURUKAWA Co Ltd, Hewlett Packard Enterprise Co., Konica Minolta Inc, Kyocera Corp., Lexmark International Inc., Nashua Ltd, Oki Electric Industry Co. Ltd., Panasonic Corp, Ricoh Co. Ltd, Riso Kagaku Corp, Roland DGA Corp., Seiko Epson Corp., Sharp Corp., Sindoh Co. Ltd., Toshiba Corp., and Xerox Holdings Corp. and others.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Hewlett Packard Enterprise Co: The company offers printers such as Color LaserJet Pro MFP M479fdn, LaserJet Pro MFP M227fdw, and DesignJet T650 36.
• Konica Minolta Inc: The company offers printers such as bizhub C750i, bizhub C4050i, bizhub 5020i, and bizhub 5000i.
• Kyocera Corp: The company offers printers such as Ecosys P6230cdn, P5026cdw, TASKalfa 3253ci, and M4125idn.
• For details on the vendor and its offerings – Request a sample report

Printers Market - Segmentation Assessment

Segment Overview
Furthermore, this report extensively covers the printers' market segmentation by technology (laser, inkjet, and others), type (multifunction printers and single-function printers), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market growth of the laser segment is significant during the forecast period. The laser printing segment utilizes laser light is used for inducing charges and facilitating printing such that it induces charges on the printer drum, which carries the opposite charge of toner inks in the printer. Due to the polarization of opposite charges, such that the drum is positively charged whereas the toner is negatively charged, the ink in the toner gets attracted to the printer drum. Thus the ink starts to roll down in accordance with the input data. Hence, such features are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Geography Overview
By geography, the global printers market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global printers market.

• APAC is estimated to account for 60% of the growth of the global market during the forecast period. Some of the prominent countries which are significantly contributing to the growth of the global printers market in APAC include Japan and China. Factors such as the increasing adoption of sophisticated automation mechanisms across industries are expected to significantly fuel the growth of the printer market in these regions. Hence such factors are expected to drive the global printers market in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2021 to 2026 - Download a Sample Report

Printers Market – Market Dynamics

Leading Drivers - 

The increasing demand from SMEs drives the global printer market growth during the forecast period. One of the key contributors to the gross domestic product (GDP) of a country comprises several SMEs as they are the significant employment providers in countries including India, China, Germany, and the UK. Some of the key contributions of SMEs to the economic development of a country include production, employment generation, contribution to exports, and facilitating the equitable distribution of income. Hence, a printer is one of the essential components in every SME as it facilitates these enterprises to print various documents such as invoices, promotional materials, and interoffice memos. Furthermore, there is increasing adoption of cost-effective printers across SMEs, such as s paper and ink or toner cartridges due to space and budget constraints. Hence, such factors are expected to drive the global printer market growth during the forecast period.

Key Trends - 

The introduction of advanced security solutions is a primary trend in the global printer market. Several enterprises use network connections for their printing operations. Many printing tasks in organizations are executed by utilizing corporate WAN or other connected networks. Hence, these printers are prone to cybersecurity threats such as hackers targeting printers to launch denial-of-service (DoS) attacks, extracting saved documents from a printer's memory, and installing malware for remote printer control. As a result, companies are taking initiatives to establish robust security measures to prevent such cyber attacks. Hence, there is increasing adoption of advanced printing technologies across enterprises to ensure the integrity of their printer systems. Hence, such factors are expected to drive the global printer market growth during the forecast period.

Major challenges -

Digitization in enterprises is a significant challenge that can hinder the global printer market growth during the forecast period. Due to the emergence of digitization across several enterprises, it has had a significant impact on the global printer market. There is an increased adoption of online channels across several enterprises to promote their products and services as well as to share information. Furthermore, the pace of digitization is expected to increase across industries due to the increasing focus on efficiency, productivity, and unified communications. Additionally, several companies are opting for enterprise content management solutions for the conversion of hard copies of their documents into digital format. Hence, such factors are expected to hinder the global printer market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Printers Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the printers market between 2022 and 2026
• Precise estimation of the printers market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the printers market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of printers market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

• 5.1 Market segments
• Exhibit 25: Chart on Technology - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Technology - Market share 2021-2026 (%)

• 5.2 Comparison by Technology 
• Exhibit 27: Chart on Comparison by Technology
• Exhibit 28: Data Table on Comparison by Technology

• 5.3 Laser - Market size and forecast 2021-2026 
• Exhibit 29: Chart on Laser - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Laser - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Laser - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Laser - Year-over-year growth 2021-2026 (%)

• 5.4 Inkjet - Market size and forecast 2021-2026 
• Exhibit 33: Chart on Inkjet - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Inkjet - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Inkjet - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Inkjet - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026 
• Exhibit 37: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Technology 
• Exhibit 41: Market opportunity by Technology ($ million)

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 42: Chart on Type - Market share 2021-2026 (%)
• Exhibit 43: Data Table on Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type
• Exhibit 44: Chart on Comparison by Type
• Exhibit 45: Data Table on Comparison by Type

• 6.3 Multifunction printers - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Multifunction printers - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Multifunction printers - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Multifunction printers - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Multifunction printers - Year-over-year growth 2021-2026 (%)

• 6.4 Single function printers - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Single function printers - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Single function printers - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Single function printers - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Single function printers - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026 
• Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026 
• Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 North America - Market size and forecast 2021-2026 
• Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026 
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026 
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026 
• Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026 
• Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 Japan - Market size and forecast 2021-2026 
• Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.12 UK - Market size and forecast 2021-2026 
• Exhibit 96: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 11.3 Brother Industries Ltd. 
• Exhibit 107: Brother Industries Ltd. - Overview
• Exhibit 108: Brother Industries Ltd. - Business segments
• Exhibit 109: Brother Industries Ltd. - Key news
• Exhibit 110: Brother Industries Ltd. - Key offerings
• Exhibit 111: Brother Industries Ltd. - Segment focus

• 11.4 Canon Inc.
• Exhibit 112: Canon Inc. - Overview
• Exhibit 113: Canon Inc. - Business segments
• Exhibit 114: Canon Inc. - Key news
• Exhibit 115: Canon Inc. - Key offerings
• Exhibit 116: Canon Inc. - Segment focus

• 11.5 Hewlett Packard Enterprise Co. 
• Exhibit 117: Hewlett Packard Enterprise Co. - Overview
• Exhibit 118: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 119: Hewlett Packard Enterprise Co. - Key news
• Exhibit 120: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 121: Hewlett Packard Enterprise Co. - Segment focus

• 11.6 Konica Minolta Inc
• Exhibit 122: Konica Minolta Inc - Overview
• Exhibit 123: Konica Minolta Inc - Business segments
• Exhibit 124: Konica Minolta Inc - Key offerings
• Exhibit 125: Konica Minolta Inc - Segment focus

• 11.7 Kyocera Corp.
• Exhibit 126: Kyocera Corp. - Overview
• Exhibit 127: Kyocera Corp. - Business segments
• Exhibit 128: Kyocera Corp. - Key offerings
• Exhibit 129: Kyocera Corp. - Segment focus

• 11.8 Lexmark International Inc. 
• Exhibit 130: Lexmark International Inc. - Overview
• Exhibit 131: Lexmark International Inc. - Product / Service
• Exhibit 132: Lexmark International Inc. - Key offerings

• 11.9 Ricoh Co. Ltd
• Exhibit 133: Ricoh Co. Ltd - Overview
• Exhibit 134: Ricoh Co. Ltd - Business segments
• Exhibit 135: Ricoh Co. Ltd - Key news
• Exhibit 136: Ricoh Co. Ltd - Key offerings
• Exhibit 137: Ricoh Co. Ltd - Segment focus

• 11.10 Seiko Epson Corp.
• Exhibit 138: Seiko Epson Corp. - Overview
• Exhibit 139: Seiko Epson Corp. - Business segments
• Exhibit 140: Seiko Epson Corp. - Key news
• Exhibit 141: Seiko Epson Corp. - Key offerings
• Exhibit 142: Seiko Epson Corp. - Segment focus

• 11.11 Sharp Corp.
• Exhibit 143: Sharp Corp. - Overview
• Exhibit 144: Sharp Corp. - Business segments
• Exhibit 145: Sharp Corp. - Key news
• Exhibit 146: Sharp Corp. - Key offerings
• Exhibit 147: Sharp Corp. - Segment focus

• 11.12 Xerox Holdings Corp.
• Exhibit 148: Xerox Holdings Corp. - Overview
• Exhibit 149: Xerox Holdings Corp. - Product / Service
• Exhibit 150: Xerox Holdings Corp. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 151: Inclusions checklist
• Exhibit 152: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 153: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 154: Research methodology
• Exhibit 155: Validation techniques employed for market sizing
• Exhibit 156: Information sources

• 12.5 List of abbreviations 
• Exhibit 157: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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