About Inked Ribbon
The inked ribbon is basically printing technology in which an ink-soaked strip is impacted to transfer ink to paper. It provides long durability of printed results and high-contrast print quality. It is used for standard designs of various application such as computer-driven printers, stenotype machines, teleprinters, among others. It is available in different size and shape as per requirement depending upon the demands of customers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.4% |
The inked ribbon market is highly fragmented with the presence of various players. Some of the major players which are operating in the market are Seiko Epson Corporation (Japan), Panasonic Corporation (Japan), Hitachi, Ltd (Japan), among others. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Inked Ribbon market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Seiko Epson Corporation (Japan), Panasonic Corporation (Japan), Hitachi, Ltd (Japan), Oki Electric Industry Co., Ltd. (Japan), Brother Industries, Ltd. (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (United States), Union Chemicar Ltd. (United Kingdom), Mettler Toledo (United States) and M S B Enterprises (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Indomax (India).
Segmentation Overview
AMA Research has segmented the market of Global Inked Ribbon market by Type (FR Type Wax Thermal Transfer Ribbon, FC2 Resin Thermal Transfer Ribbon, FC3 Resin Thermal Transfer Ribbon and SCF900 Resin Thermal Transfer Ribbon), Application (Commercial, Government, Household and Others) and Region.
On the basis of geography, the market of Inked Ribbon 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 Material, the sub-segment i.e. Nylon ribbon will boost the Inked Ribbon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Inked Ribbon Products
Market Growth Drivers:
Increasing Usage of Inked Ribbon in Household and Commercial Application and Rising Disposal Income in Developing Countries
Challenges:
Lack of Awareness of Inked Ribbon Products
Restraints:
Issue Related to Density of Barcodes is Low as Well as May Fail to Match User’s Standards.
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In August 2020, GI Partners, a leading private investment firm, announced today it has completed the previously announced acquisition of Clinical Ink, Inc., a global clinical trial technology company. Through configurable direct data capture (DDC), electronic clinical outcome assessment (eCOA), electronic patient reported outcomes (ePRO), and eConsent modules, the company's eSource Ecosystem has been deployed across 300 studies, in all Phases (I–IV).
In August 2023, SATO Corporation and SATO Healthcare Co., Ltd. launched an ink ribbon recycling scheme for the collection and recycling of used ink ribbons as solid fuel Refuse derived Paper and Plastics densified Fuel (RPF) for customers in Japan. By recycling ink ribbons as raw materials for RPF, which emits less CO2 when burned compared to coal, SATO aims to promote decarbonization and recycling of resources.
Key Target Audience
Manufacturers of Inked ribbon, Suppliers of Inked ribbon, Wholesalers, distributors and retailers of Inked ribbon, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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.