About Business Printer
Business printer is refer as a printer which is a peripheral device that makes a persistent representation of graphics or text on paper. The market of business printer is growing due to the factors like growing application in end use industry. It is all in one printer which allows printing, scanning and photocopying and faxing. But there are some factors which are hindering the market like high initial investment and growing availability of cheaper substitute.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xerox (United States), Hewlett-Packard (United States), Ricoh Company (Japan), Konica Minolta (Japan), Canon (Japan), Agfa and Gevaert (Belgium), EFI Electronics (United States), Eastman Kodak Company (United States), Inca Digital Printers (United Kingdom) and Miyakoshi Co (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Business Printer market by Type (Lithographic, Digital, Flexographic, Screen, Gravure print technologies and Other), Application (Advertising, Periodicals, Labels and wrappers, Office products, Catalogsand directories and Other) and Region.
On the basis of geography, the market of Business Printer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Business Printer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand from label and packaging printing
Market Growth Drivers:
Increased usage in publishing industry and High demand from media and advertising industry
Challenges:
Rising demand for digital advertisements and e-books
Restraints:
High initial investment cost and Competition from substitute technology
Opportunities:
Availability of a wide range of options and Demand from business markets
Market Leaders and their expansionary development strategies
In June 2023, Arkema has announced a partnership with leading Industrial 3D printer Manufacturer Raplas to jointly develop a range of high-performance N3xtDimension custom formulations for use in Raplas’ large format stereolithography (SLA) 3D printers.
In September 2023, FUJIFILM launched A3 multifunction printers, Apeos series*1, for the first time in India. The printers are developed by FUJIFILM Business Innovation Corp.
Key Target Audience
Business printing providers, Label & packaging printing providers, In-market printing providers, Advertisement & promotional print providers, Security printing providers, Research organizations and consulting companies, Technology providers and Electronic hardware equipment manufacturers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.