Global Thermal Printer Market Overview:
A thermal printer is a printer that uses heat to provide pictures on paper and has become progressively common, thanks to high print quality, and is usually utilized in the retail, airline, amusement, banking, grocery, and attention industries. additionally, thermal printing doesn't build use of ink or toner, however, mostly depends on thermal papers to provide smart quality pictures. additionally, thanks to the short lifetime of chemical coating on these papers, papers are written from thermal printing will simply be recycled.
Growth Drivers
- Rising Demand for the Thermal Printers in Different Applications like Receipts, Prints
- Increasing Concerns Regarding Product Safety and Anti-Counterfeiting and Growing Use Of RFID And Barcode
Roadblocks
- Low Quality Printed Labels Which Prone to Heat, Light, and Abrasion
Opportunities
- Rising Demand for the Instant Receipts and Photos for Memories in Tourist Places
- Increasing Usage in Healthcare for Smart Labels which will Help in Monitoring Patients and Emergencies
Challenges
- Promotional Activities Regarding Low Paper Usage to Save Trees
- Availability of Substitutes and Compatibility Issues
Competitive Landscape:
In 2021, Brady Corporation acquired Magicard Limited, a pioneer of ID card-printing technologies. This acquisition will combine the printing technologies of both the companies and make a whole new level of consumer electronics and card printing technology advancement for the expansion of business in different verticals.
Some of the key players profiled in the report are Avery Dennison Inc. (United States), Seiko Epson Corporation (Japan), Toshiba Tec Corporation (Japan), Zebra Technologies Corp (United States), TSC Auto ID Technology Co., Ltd (United States), SATO Holdings Corporation (Japan), Honeywell International Inc. (United States), Bixolon Co., Ltd (Korea), Epson (Japan), HellermannTyton Group PLC (United Kingdom), TE Connectivity Ltd (Switzerland), Brady Corporation (United States) and Citizen Systems Japan Co., Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like CognitiveTPG, LLC (United States), Star Micronics, America, Inc. (United States), Bematech International Corporation (United States) and Gainscha Technology Group Company (China). Considering Market by Technology, the sub-segment i.e. DT will boost the Thermal Printer market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Thermal Printer market. Considering Market by End User, the sub-segment i.e. Retail will boost the Thermal Printer market.
Latest Market Insights:
In 2020, Epson, a leader in electronics, launched Colorworks C6000 series on-demand label thermal printers specially designed as a colour upgrade for clients dealing in black-only thermal transfer options. This newly launched thermal printer is supposed to be an upgrade and should be delivering high-volume colour labels for production use, with printing speeds of up to five inches per second.
What Can be Explored with the Thermal Printer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thermal Printer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thermal Printer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thermal Printer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thermal Printer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Thermal Printer Manufacturer, Supplier/Distributor, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.