February 08, 2021
According to the research report titled ‘Global Desktop Printers Market Size study, by Type (Needle Printers, Inkjet Printers, Laser Printers) by Application (Household Use, Commercial Use, Industrial Use) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global desktop printers market is expected to register considerable growth between 2020 and 2027.
Proliferating sales of computer and other electronics including smartphones and tablets coupled growing product demand from government and corporate sectors are some of the key factors driving the growth of global desktop printers industry.
For those unaware, desktop printers are a type of hardware which typically include Dot matrix printers, Inkjet printers, and laser printers which can be deployed in business offices as well as in homes. These desktop printers are usually small enough to fit on any table or desk.
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Thus, rapid digitalization and widespread adoption of such electronics on regular basis are also stimulating global desktop printers industry outlook. According to Statista, around 94.35 million units of printers were shipped around the world in the year 2019.
Increasing penetration of connected devices coupled with technological advancements in printers are fueling the overall market size. However, collective inclination towards reducing the amount of paper used for general purposes could potentially act as a restraining factor to the growth of global desktop printers market.
As per type, the market is segmented into laser printers, inkjet printers, and needle printers. The applications scope of global desktop printers market consists of industrial use, commercial use, and household use segments.
Regionally, North America currently holds the largest share in worldwide desktop printers market and is likely to depict similar expansion trends in the ensuing years. Factors such as availability of a well-established infrastructure coupled with early adoption of printer technology are favoring the regional market outlook.
On the other hand, Asia-Pacific is also estimated to accrue lucrative returns for the overall market by 2027, primarily due to swift urbanization and digitalization.
Ultimaker, XYZprinting, Stratasys Ltd., Honeywell International Inc., Roland DGA Corporation, Schmidt & Co. Ltd., Brady Corporation, Hewlett-Packard Company, Xerox Holdings Corporation, and Zebra Technologies Corp. are the key competitors in global desktop printers industry.