The global laser printer market report by Market Research Future (MRFR) covers growth drivers and challenges to be faced by manufacturers for the forecast period (2020-2027). The COVID-19 outbreak and its implications on production and supply chains are explored in high detail. Laser printers are devices capable of printing images and text in a high resolution. Applications in digital printing across industries can provide prospects to the market.
Market Scope
The global Laser
Printer Market Share can touch USD 2,322 million by 2023.
It is majorly driven by huge demand for value-add services for industries of
food & beverage, financial services, retail, and others. Use of
eco-friendly ink for printing on paper and other materials owing to awareness
among consumers can drive the market. Soy ink prints are cost-effective and
viable in carbon prints.
The market aims to capitalize on the ubiquity of the
internet and provide new features to print directly from online sources.
Utilization of cloud services for reducing printing costs combined with rise of
3D printing can provide new avenues of growth to the market. Transition to
digital channels and ability to send data directly to electric plates can favor
market growth. Establishment of retail stores to cater to consumer stores for
rapid delivery of services can propel the market. Special sales and tie-ups
with online channels can be a lucrative source of revenue.
But increase of digitization and aversion to using
physical structures for display Ads can hamper market growth.
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Competitive Analysis
The market is estimated to be energized by the incentives
offered by the governments and the initiatives taken to spur the global market.
The trade blockades are, however, estimated to slow down the momentum that
could be attained by the market. The contender's progress in the market is
estimated to be bolstered by the innovations that are being undertaken to
enhance the core product offering in the upcoming period. The companies in the
market are estimated to solely focus on getting their growth paths back on
track to maximize the opportunities that may arise. The reinforcement of the
distribution channels is estimated to further place the market in the right
place for the future. The emphasis on marketing strategies is estimated to
decline due to the focus being placed on cost optimization.
The formidable companies in the laser printer market are Fuji
Xerox Co., Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother
Industries, Ltd. (Japan), Dell, Inc. (U.S.), H.P. (U.S.), OKI Electric (Japan),
The Ricoh Company, Ltd. (Japan), x Fuji Xerox Co., Ltd. (Japan), Kyocera
Corporation (Japan), Canon, Inc. (Japan), Seiko Epson Corporation (Japan) and
others.
Segmental Analysis
The segmental assessment of the laser printer market is
carried out on the basis of end-user, type and region. On the basis of
type, the laser printer market is segmented into single function and multi-function.
Based on the end-user, the laser printer market comprises of individual users,
large enterprises, government, SMEs, and others. On the basis of regions, the
laser printer market is segmented into Asia Pacific, Europe, North America, and
the rest of the regions in the global market.
Detailed Regional Analysis
The regional investigation of the Laser Printer Market
Size comprises of regions such as Asia Pacific, Europe, North America,
and the rest of the regions in the global market. The analysis notes that
the North American laser printer market is likely to control the main
portion of the market. In contrast, the Asia Pacific laser printer market
is projected to progress at the most rapid rate over the forecast period. The
chief expansion in the laser printer industry in the North American
region is attributed to the scientific signs of progress and mounting demand
from numerous industry verticals in that region. The collective demand for
mobile communication and consumer electronics in the region is attributed to
the strong presence of the nations of Canada and the U.S. in the North American
region. The European region is also estimated to show considerable progress in
the laser printer market through the course of the forecast period.
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Industry Updates:
Jul 2020 A group from Max-Planck-Institut
für Eisenforschung (MPIE – iron research) in Düsseldorf and the Fraunhofer
Institute for Laser Technology, in Aachen, has established a process that
permits the hard-yet-tough "Damascus" kind of steel to be formed
layer by layer in a laser 3D printer. The rigidity of each separate layer can
be precisely adjusted. Such mixtures could be of interest for aerospace
components or tools shaped with 3D printers.
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