ID: MRFR/ICT/3863-CR | July 2019 | Region: Global | 100 pages
Global Ticket Printers Production Market was valued at USD 527.36 Million in 2019; it is expected to reach USD 836.57 Million by the end of the forecast period at a CAGR of 5.2%. Ticket printers come in either fixed or kiosk models to accommodate the specific print application. These are easy to operate, maintain, and are cost-effective than other types of printers. A high capacity flatbed ticket printer by InfoPoint developed a mechanism to ensure the fully printed tickets before issuing, resulting in a reduction of ticket paper wastage and operator cost. Custom SpA produces a variety of event ticketing printers including barcodes, and RFID to provide the SMART ticket. New technologies are being developed used to produce the tickets by just connecting the printing terminal with a smartphone containing the print roll and ink ribbon. However, tickets printers continuously face the threat of increased mobile consumption and other advanced printers in the market. Most of the ticket printing is replaced by mobile or E-ticketing. It includes a barcode and a scanner at two ends to verify the ticket details. There has always been economic/political pressure on the printing industry due to the usage of paper of different kinds and the chemicals used to prepare the inks. Many government and private firms have started using mobile or E-tickets instead of the printed tickets resulting in the reduction of paper wastage and increased efficiency of the ticket management system. However, this factor poses a risk towards the growth of the ticket printer market as many end-users like railways, airlines, and movie and event tickets are depleting the usage of paper tickets.
Global Ticket Printers Production Market has been segmented based on Type, Beam Source, Application, and Region. By technology, the ticket printers production market has been divided into direct thermal, thermal ribbon transfer, and inject printer. By applications, the ticket printers production market has been segregated into zoo park ticket, movie theatre ticket, railway ticket, invoice, boarding pass, museum tickets, trade show entrance badge, sporting events, and others (gaming, historical sites, and skiing facilities). By type, the ticket printers production market has been classified as kiosk printers, portable (mobile) printers, and benchtop printers. By region, the ticket printers production market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world.
Globally, the ticket printers production market has been categorized as four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East & Africa and South America. Europe accounted for the most substantial market value in 2017; the market is expected to register a significant CAGR during the forecast period. In Europe, the technological advancement occurs at a rapid pace. This affects the growth of the ticket printer market positively with the introduction of cost-effective products. However, the software updates pose a threat to the ticket printer by providing online printing solutions. On the other hand, Asia-Pacific is expected to grow with the highest CAGR. Tickets printer constantly face the threat of increased mobile consumption and other advanced printers. Most of the ticket printing is replaced by mobile or E-ticketing. It includes a barcode and a scanner at two ends to verify the ticket details. The Indian railway division Mysore shuts down the ticket printing unit because of the digitization of the railway systems.
The presence of several global vendors characterizes the global ticket printers production market. The competition in the market is highly intense, with players competing to gain market share. Moreover, cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market.
Some of the key developments are
The key players in the ticket printers production market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Bocasystems (US), Epson (Japan), Stimare (Dublin), The Custom Companies, Inc. (US), Able-systems (UK), Zebra Technologies Corporation (US), Datamax Inc. (US), Ier Blue Solutions (France), Practical Automation, Inc. (US), Skidata (India), Vidtronix (US), Masung (Schengen), Fujitsu (Japan), Star (US), and Ded Ltd (UK). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the ticket printers production market. These are Avery Dennison (US), Citizen Systems Japan (Japan), Xiamen Rongta Technology (China), and Shinmei (US) among others.
Frequently Asked Questions (FAQ) :
The market valuation was found to be USD 346.1 million in 2017.
The market will be gaining a valuation of USD 442.3 million and at a CAGR of 5.2% in the forecast period.
The factor poses a risk towards the growth of the ticket printer market are like railways, airlines, and movie and event tickets that are depleting the usage of paper tickets.
Beam source, Type and application are the segments of the market.
Europe, North America, Asia-Pacific, and the rest of the world are the key regions of the market.