According to the latest study titled ‘Thermal Printing Market Size By Offering, By Product, By Type, By Technology, By Application , Industry Analysis Report, Regional Outlook, Price Trend Analysis, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global thermal printing market is predicted to record substantial growth during 2020-2026.
 

Increasing adoption of thermal printing technology for packaging in healthcare and retail sectors, alongside spike in usage of latest technologies are propelling the global thermal printing market growth. The technique involves utilization of heat to activate and transfer pigment onto paper for printing images or text.
 

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Notably, thermal printers have less number of moving parts which makes them reliable and causes less noise. They are fast and incur no additional cost for ink cartridges or toners. All these benefits are boosting the demand for thermal printers.
 

Based on offering type, supplied & consumables segment is poised to gain modest traction over the ensuing years, owing to consumer preference for enhanced performance and quality of printing leading to increased adoption of thermal supplies.
 

Speaking of type, thermal printing market share from kiosk & ticket printers segment is slated to grow considerably through 2026. These equipment are used for printing coupons, tickets, certificates and labels.
 

Elaborating on the product terrain, mobile thermal printers are recording escalated demand as they are widely adopted in retail sector, on account of benefits like effective customer service and improved inventory management.
 

Considering the technology spectrum, dye diffusion thermal transfer segment is poised to hold substantial share in global thermal printing market over the forecast period, on account of high-quality image results. The technology involves use of heat to transfer different amounts of colored pigments from carrier ribbon to PVC printing surface.
 

Moving on to the application scope, thermal printing market share from healthcare segment is slated to record tremendous growth over 2020-2026. The increasing popularity of remote consultation and surgery are known to trigger segmental share. Thermal printers are inexpensive, hence induce cost-saving for healthcare facilities where expenditure towards maintenance and substitution of costly equipment is high.
 

Regionally, Latin America thermal printing market is anticipated to expand significantly through 2026, pertaining to surging internet penetration and extensive adoption of advanced technologies.
 

Key contenders in worldwide thermal printing market are Zebra Technologies Corp., TSC Auto ID Technology Co. Ltd., TransAct Technologies Inc., Toshiba Corp., Star Micronics Co. Ltd., Shinmei Co. Ltd., Seiko Instruments GmbH, Seiko Epson Corp., Sato Holdings Corp., Rongta Technologies (Xiamen) Group Co. Ltd., Pro Mach Inc., NCR Corp., Honeywell International Inc., Fujitsu Ltd., CognitiveTPG LLC, Citizen Systems, Brother Industries Ltd., Bixolon Co. Ltd., Axiohm TXCOM, and Avery Dennison Corp.