Technavio has been monitoring the printers market and it is poised to grow by USD 6.91 bn during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Printers Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
The emergence of ink tank printer is a major trend driving the market growth.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 2.40% and the incremental growth of the market is anticipated to be $ 6.91 bn during the forecast period.
Who are the top players in the market?
Brother Industries Ltd., Canon Inc., HP Inc., Konica Minolta, Inc., Kyocera Corp., Lexmark International Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., and Xerox Corp., are some of the major market participants
What is the key market driver?
The need for large-format printers in various sectors is driving the growth of the market is the major factor driving the market
How big is the APAC market?
The APAC region will contribute 70% of the market share
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Brother Industries Ltd., Canon Inc., HP Inc., Konica Minolta, Inc., Kyocera Corp., Lexmark International Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., and Xerox Corp. are some of the major market participants. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Printers Market 2020-2024: Segmentation
Printers Market is segmented as below:
- Multifunction Printers
- Single Function Printers
- North America
- South America
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Printers Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The printers market report covers the following areas:
- Printers Market Size
- Printers Market Trends
- Printers Market Industry Analysis
This study identifies the emergence of ink tank printer as one of the prime reasons driving the printers market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Printers Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist printers market growth during the next five years
- Estimation of the printers market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the printers market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of printers market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Methodology for market sizing and vendor selection
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Multifunction printers – Market size and forecast 2019-2024
- Single function printers – Market size and forecast 2019-2024
- Market opportunity by type
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- Laser – Market size and forecast 2019-2024
- Inkjet – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Emergence of ink tank printer
- Improving capabilities of printers
- Focus on inorganic growth strategies
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Brother Industries Ltd.
- Canon Inc.
- HP Inc.
- Konica Minolta, Inc.
- Kyocera Corp.
- Lexmark International Inc.
- Ricoh Co. Ltd.
- Seiko Epson Corp.
- Sharp Corp.
- Xerox Corp.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.