The Laser Printer market is majorly driven by increasing demand for advanced printing solutions to enhance the efficacy of the workflow. Laser Printers operate best by the electrical models which further enhances the accuracy of all printed projects. The laser printer has the capability of offering resolutions of up to 600 dots per inch. Since business operations are working on improved dynamics, the demand for high-resolution and augmented printing has increased. Industries like printing textiles and packaging are increasingly demanding digital documents which will lead to the growth of laser printer market.
The global laser printer market is expected to grow at approx. USD 2,322 Million by 2023, at 16% of CAGR between 2017 and 2023. Laser printers have a high capability of printing in large volumes assuring high quality. Hence, they are cost-effective, which are also driving factors for the growth laser printer market.
The laser printer has been previously impacted by an increase in digital documents and prints. COVI-19 has increased the downfall of the laser printer market. Since, the lockdowns and restrictions of operations, many companies have shifted to home working which has increased the paperless trends. In addition to this, marketing on digital mediums has increased due to cost-effectiveness which has reduced laser printer market demand in the COVID-19.
Also, brick-and-mortar retailers are being shut- down, which has impacted commercial advertising and billboards. Besides, the national and local closures have impacted the supply and distribution of print products. Companies in laser printing bulk manufacturing have been operating on higher production costs due to the non-availability of raw materials and human resources. In the packaging industry, demand has declined due to COVID-19 which has further impacted the growth of the laser printing market. Textiles industries are producing less due to issues of distribution and production as well. Global Laser Printer Market has been severely impacted due to the outbreak of the pandemic.
Value Chain Analysis / Technology Analysis / Regulatory Implications
There is high demand for printing technologies to improve productivity and efficiency within the workflow. Laser printing machine makes use of laser beam for producing high-definition image than a normal photocopier. The font sets in laser printers are presented in unlimited numbers which have increased the demand for laser printers in commercial use. It has gradually replaced the use of inkjet printers, due to its simplex nature, cost-effectiveness, and high output speed.
Besides, cost-efficient printing solutions in the corporate sector are estimated to increase the growth rate of laser printing market share. As large companies, government sectors, and individuals are expected to be the end users of laser printers. Governments in developing regions are using kiosks and other types of marketing tools for promoting their policies to the general public which is an impetus of laser printer market growth.
In the recent, laser printers are being updated with cloud services where images can be directly sent to the printer storage. Thus, laser printer market will require embedding devices with data protection legislation for protecting the information from unauthorized use.
Laser Printer Market can be segmented into type and user which is split into single and multi-function. Multi-function printers are estimated for holding the largest market share at a growth rate. There has been an increasing trend in the market for multi-function amongst industry verticals, printing vendors, and government.
North America is considered the largest market area due to the wider adoption of consumer electronics and communication devices. In this region, there have been higher technological advancements with cost-effective printing solutions that will provide the impetus for market growth. In the North American region, compliance policies and support from the government will provide growth opportunities to the laser printing market.
The Asia Pacific will be the second largest region for the growth of Laser Printer Market. As the demand from retail, transportation, and others have been rising from the upcoming years. Besides, Europe and other regions of the world will encounter increasing demands.
Majo key players in this market are Samsung, Canon, HP, Fuji Xerox, Seiko Epson Corp, OKI Electric, Lexmark International, Kyocera corporation, Ricoh, Konica Minolta, and Eastman Kodak.
HP and Epson are developing technologies for pushing the sale of both inkjet and laser printers. There is a high growth market for A3 devices as 11x 17 inches of paper prints are higher in demand. Cannon launched Image Runner Advance for meeting the demands in the A3 segments. Xerox has also introduced 17 A3 printers in alignment with increasing demand. Konica Minolta has acquired All Covered for expanding its services in cloud platforms. HP has also acquired the printing segment of Samsung for around $1. 05 billion.
Laser Printer Market Report includes market overview, COVID-19 Analysis, market dynamics, value chain analysis, segment overview, regional analysis, competitive landscape, and recent developments.
Frequently Asked Questions (FAQ) :
The global laser printer market is predicted to grow at a 16% CAGR between 2017- 2023.
The global laser printer market is predicted to reach USD 2,322 million by 2023.
North America will lead the global laser printer market.
Key factors driving the global laser printer market include demand for advanced printing technologies and demand for multi-function printers.
Key players profiled in the global laser printer market include HP (U.S.), Canon, Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Fuji Xerox Co., Ltd. (Japan), Dell, Inc. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (U.S.), Kyocera Corporation (Japan), Seiko Epson Corporation (Japan) and others.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 LASER PRINTER MARKET, BY SEGMENTS
6.2 MARKET STATISTICS
6.2.1 BY TYPE
22.214.171.124 SINGLE FUNCTION
126.96.36.199 MULTI FUNCTION
6.2.2 BY END USER
188.8.131.52 INDIVIDUAL USERS
184.108.40.206 LARGE ENTERPRISES
6.2.3 BY REGION
220.127.116.11 NORTH AMERICA
18.104.22.168 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 HP (U.S.)
7.2.2 CANON, INC. (JAPAN)
7.2.3 SAMSUNG ELECTRONICS CO., LTD. (SOUTH KOREA)
7.2.4 BROTHER INDUSTRIES, LTD. (JAPAN)
7.2.5 FUJI XEROX CO., LTD. (JAPAN)
7.2.6 DELL, INC. (U.S.)
7.2.7 OKI ELECTRIC (JAPAN)
7.2.8 THE RICOH COMPANY, LTD. (JAPAN)
7.2.9 LEXMARK INTERNATIONAL, INC. (U.S.)
7.2.10 KYOCERA CORPORATION (JAPAN)
7.2.11 SEIKO EPSON CORPORATION (JAPAN)
LIST OF TABLES
TABLE 1 LASER PRINTER MARKET, BY TYPE
TABLE 2 LASER PRINTER MARKET, BY END USER
TABLE 3 LASER PRINTER MARKET, BY REGIONS
TABLE 4 NORTH AMERICA LASER PRINTER MARKET, BY TYPE
TABLE 5 NORTH AMERICA LASER PRINTER MARKET, BY END USER
TABLE 6 U.S. LASER PRINTER MARKET, BY TYPE
TABLE 7 U.S. LASER PRINTER MARKET, BY END USER
TABLE 8 CANADA LASER PRINTER MARKET, BY TYPE
TABLE 9 CANADA LASER PRINTER MARKET, BY END USER
TABLE 10 GERMANY LASER PRINTER MARKET, BY TYPE
TABLE 11 GERMANY LASER PRINTER MARKET, BY END USER
TABLE 12 U.K. LASER PRINTER MARKET, BY TYPE
TABLE 13 U.K. LASER PRINTER MARKET, BY END USER
TABLE 14 EUROPE LASER PRINTER MARKET, BY TYPE
TABLE 15 EUROPE LASER PRINTER MARKET, BY END USER
TABLE 16 FRANCE LASER PRINTER MARKET, BY TYPE
TABLE 17 FRANCE LASER PRINTER MARKET, BY END USER
TABLE 18 ASIA-PACIFIC LASER PRINTER MARKET, BY TYPE
TABLE 19 ASIA-PACIFIC LASER PRINTER MARKET, BY END USER
TABLE 20 REST OF THE WORLD LASER PRINTER MARKET, BY TYPE
TABLE 21 REST OF THE WORLD LASER PRINTER MARKET, BY END USER
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 LASER PRINTER MARKET, BY TYPE (%)
FIGURE 3 LASER PRINTER MARKET, BY END USER (%)
FIGURE 4 LASER PRINTER MARKET, BY REGIONS (%)
FIGURE 5 NORTH AMERICA LASER PRINTER MARKET, BY TYPE (%)
FIGURE 6 NORTH AMERICA LASER PRINTER MARKET, BY END USER (%)
FIGURE 7 EUROPE LASER PRINTER MARKET, BY TYPE (%)
FIGURE 8 EUROPE LASER PRINTER MARKET, BY END USER (%)
FIGURE 9 ASIA-PACIFIC LASER PRINTER MARKET, BY TYPE (%)
FIGURE 10 ASIA-PACIFIC LASER PRINTER MARKET, BY END USER (%)
FIGURE 11 REST OF THE WORLD LASER PRINTER MARKET, BY TYPE (%)
FIGURE 12 REST OF THE WORLD LASER PRINTER MARKET, BY END USER (%)