The laser printer global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Laser Printer Market, 2024The laser printer global market report 2024
Market Size –
The laser printer market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to rapid industrialization and development, growing disposable income, increasing laser printers for personal and office use, increasing business activities, and increasing demand for office equipment.
The laser printer market size is expected to see rapid growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the rise of remote and hybrid working models, increasing focus on sustainability will drive the demand for energy-efficient laser printers, increases demand for packaging industries, and increasing demand for compact laser printer. Major trends in the forecast period include advanced connectivity options, such as wi-fi, bluetooth, and cloud printing capabilities, artificial intelligence (AI)-driven features and automation are becoming integral to laser printers, integration with modern devices and workflows, incorporating technical advancements, and investments by the vendors for launching new products.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Overview
Market Drivers -The growing number of new enterprises is expected to propel the growth of the laser printer market going forward. New enterprises are recently established businesses in the early stages of development. The increase in the number of new enterprises is due to the rapid pace of technological innovation, the increase in available funding for startups, and the proliferation of entrepreneurship programs. Laser printers help enterprises to provide fast, reliable, and cost-effective printing solutions that support efficient operations and high-quality document production. For instance, in February 2024, according to Startups.co.uk, a UK-based business advice website, the number of new enterprises in the UK reached 39,966 in 2023, marking a 6.5% rise compared to the same period in 2022. Therefore, the growing number of new enterprises is driving the growth of the laser printer market.
Market Trends –
Major companies operating in the laser printer market are focused on developing innovative products such as digital color and monochrome laser printers for a wide range of business and personal printing needs. Digital color and monochrome laser printers are essential devices in personal and professional settings, utilizing laser technology to produce high-quality printed documents. For instance, in October 2023, Brother, a Japan-based electronics and electrical equipment company, unveiled a new and refreshed lineup of digital color and monochrome laser printers and all-in-one devices designed to cater to the needs of businesses ranging from small enterprises to large corporations. This launch reflects Brother’s commitment to providing reliable printing solutions that meet the evolving demands of the workplace, ensuring businesses can operate efficiently in a digital-first world. These printers are built to adapt to modern work environments, offering features that enhance productivity and efficiency.
The laser printer market covered in this report is segmented –
1) By Printer Type: Single Function, Multi-Function
2) By Laser Type: Helium-Neon Lasers, Semi-Conductor Laser
3) By End-User: Individual Users, Small And Medium-Sized Enterprises (SMEs), Large Enterprises, Government, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the laser printer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Samsung Electronics Co Ltd., Dell Technologies Inc., Panasonic Corporation, HP Inc., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Sharp Corporation, Ricoh Company Ltd., Kyocera Corporation, Epson America Inc., Konica Minolta Inc., Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Eastman Kodak Company, HID Global Corporation , Sindoh Co Ltd., UTAX GmbH, Newgen Solutions USA Inc.
Table of Contents
1. Executive Summary
2. Laser Printer Market Report Structure
3. Laser Printer Market Trends And Strategies
4. Laser Printer Market – Macro Economic Scenario
5. Laser Printer Market Size And Growth
…..
27. Laser Printer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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