Global Mobile Printer Market is predicted to touch USD 8,351.12 Million at a healthy 17% CAGR between 2017- 2023, reveals the latest Market Research Future’s (MRFR) mobile printer market forecast report. The strong market growth can be accredited to the burgeoning demand for advanced tablets and smartphones.
The COVID-19 outbreak has already cast its shadow across multiple industries. The mobile printer market, too, has fallen prey. It has spread at a quick pace across the globe. France, Iran, the UK, Germany, Spain, Italy, the US, and China are the worst affected with regards to confirmed cases and deaths. With this pandemic resulting in production process interruptions, supply chain discrepancies, travel bans, and lockdowns, the mobile printer market has experienced a negative impact, which is likely to continue for some time.
On the brighter side, with the increase in the number of employees working from home or remotely due to the pandemic, there has been an increasing need for advanced mobile or portable printers. Thus, key players are offering lightweight and portable printers with wireless connectivity that are just perfect for employees that need to work from home or outdoors.
Growing Popularity of Smart Devices to Bolster Market Growth
The rising adoption of smart devices like smartphones and tablets among consumers is likely to bolster market growth chiefly because these devices offer flexibility and accessibility. Besides, today connected and smart devices with high-speed internet are also available.
Other factors adding to the portable printer market growth include on-demand printing capacity and compact size, rising penetration of the internet, growing online business like e-commerce, growing adoption of BYOD policy, rising focus of organizations to augment & modernize their business infrastructure with regards to work management and technology, benefits over traditional office printers like the need for less maintenance, easily movable, and compact in size, rising R&D for better battery runtime, accessibility of more pages, and responsiveness and flexibility offered by mobile devices. Besides, increase in the use of mobile workforce management among different industries, increasing use of mobile printers in logistics to print barcode and RFID (radio-frequency identification) labels, and rise in the transition to mobile printers from conventional printers from the transportation as well as other retail sectors for different applications like generating shipment labels, sample tracking, generating tokens, printing receipts, and invoices.
Addition of Advanced Security Features in Mobile Printers to Present Robust Opportunities
The addition of advanced security features in mobile printers is likely to offer robust opportunities to industry players. Printers that are unprotected are easy targets for hackers, hence posing serious cybersecurity issues. As a result, companies are largely focusing on establishing robust security measures for their printer’s integrity.
Growing Digitalization May Restrain Market Growth
Growing digitalization may act as a market restrain over the forecast period. Digitalization helps to augment transaction speeds, supplier relationship management, customer experience, and sales & marketing effectiveness.
Advent of Cloud Computing to Challenge Market Growth
Due to the advent of cloud computing, maximum information is stored online, which is transferred through the internet. This has reduced the need for printed information for retention and distribution, which is likely to challenge the growth of the market during the forecast period.
Mobile Printer Market has been bifurcated based on End User, Technology, and Output.
Based on output, the global mobile printer market has been segmented into pictures, receipts, barcode labels, document, and others.
Technology-based Infrared Data Association Segment to Dominate Market Growth
Based on technology, the global mobile printing market has been segmented into Wi-Fi, infrared data association, Bluetooth, and others. Of these, the infrared data association segment is predicted to lead the market over the forecast period. This can be operated from long distances about 30 feet in omni-direction. This is adding to the growth of the segment.
Based on end-user, the mobile printing market has been bifurcated into residential, healthcare, retail, corporate offices, and others.
North America to Remain Forerunner in the Market
By region, the global mobile printing market covers the opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America is predicted to remain a forerunner in the market over the forecast period. The presence of sophisticated network infrastructure, higher technology implementation, digitization, the presence of top players, the high adoption rate of mobile printing in different industry verticals, advances in wireless technology, and increasing adoption of mobile printers in the healthcare and retail sector in the US are adding to the global mobile printing market growth in the region. Additional factors adding to the mobile printer market share include the growing demand for mobile printers from the region’s emerging and advanced economies and growing demand from the SMEs.
APAC to hold Second-Largest Share in the Market
In the APAC region, the global mobile printing market is predicted to hold the second-largest share over the forecast period. Booming e-commerce sector, an extension of the logistics and retail industry, improving IT landscape, presence of key industry players, rising demand for mobility for printing, and growing adoption of BYOD policy across different industry verticals are bolstering the global mobile printing market growth in the region. Additional factors fuelling the growth of the market include the growing awareness to attain operational efficiency and proliferation of high-level automation in different verticals and industries. China and Japan hold the utmost market share for the swiftly growing printing industry.
The global mobile printer market is fragmented, where the industry players are looking for expansion opportunities, stakeholders to align their strategies that are market-centric as per the expected and on-going trends in the future, and new players looking for possibilities. The key players are focusing on launching products that are technologically advanced as well as of superior quality for retaining the customer base.
|Market Size||USD 8,351.12 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Output, Technology, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Star Micronics Co. Ltd. (Japan), Printek (U.S.), Brother Industries Ltd. (Japan), Polaroid Corporation (U.S.), Hewlett-Packard (U.S.), Zebra Technologies (U.S.), Toshiba Tec Corporation (Japan), Seiko Epson Corporation (Japan), Honeywell Scanning and Mobility (U.S.), Canon Inc. (Japan)|
|Key Market Opportunities||Adoption of mobile printers across various industry verticals.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The amplified demand for advanced smartphone and tablet and the flexibility and responsiveness offered by mobile devices are the key factors driving the market’s growth.
output, technology and end-user are the segments included in the study of global Mobile Printer Market.
Asia-Pacific region is expected to be fastest growing market and is leading with the maximum share as well.
17% is the recorded CAGR for the Mobile Printer Market during the forecast period.
North America region retain highest market share and fostering the Mobile Printer Market’s growth at its best.