Global Multifunction Printers Market Overview:
A multifunction printer is a machine that includes the functions of multiple devices in one. A multifunction printer act as a combination of these following devices such as email, fax, photocopier, printer, and scanner. It helps to provide centralized document management, distribution, and production in large offices as well as in small business. The demand for sharing documents and data handling safely and securely leads to growth in multifunctional printers.
Growth Drivers
- The Rising Demand Of Secure And Confidentiality Of Documents In Corporates Leads To Demand For Multifunctional Printers
- The Growing Demand In Reducing Capital Costs Of Small Offices Leads To The Demand For Multifunctional Printers
Roadblocks
- Cost Of Multifunction Printers Are High
Opportunities
- The Demand For Eco-Friendly Printers Are Increasing
Challenges
- Maintenance Costs Are High
- Duplex Prints Or Double-Sided Printing Gets Slower Printing Process In Multifunction Printers.
Competitive Landscape:
Some of the key players profiled in the report are Brother Industries, Ltd. (Japan), Canon Inc. (Japan), Dell Inc. (United States), Seiko Epson Corporation (Japan), Hewlett-Packard Company (United States), The Eastman Kodak Company (United States), Konika Minolta, Inc. (Japan), Kyocera Corporation (Japan), Lexmark International (United States), Oki Electric Industry Co, Ltd. (Japan), Olivetti S.P.A. (Italy), Panasonic Corporation (Japan), Samsung Electronics Co, Ltd. (South Korea), The Ricoh Company, Ltd. (Japan), Toshiba Corporation (Japan), Xerox Holdings Corporation (United States), Sharp Corporation (Japan) and Sindoh (South Korea). Analyst at AMA Research see United States and Japan Vendors to retain maximum share of Global Multifunction Printers market by 2027. Considering Market by Printer Type, the sub-segment i.e. Inkjet will boost the Multifunction Printers market. Considering Market by Printer Output, the sub-segment i.e. Monochrome will boost the Multifunction Printers market. Considering Market by Multifunction Printer Types, the sub-segment i.e. All-In-One Multifunction Printer will boost the Multifunction Printers market. Considering Market by Internal Structure, the sub-segment i.e. Hardware will boost the Multifunction Printers market. Considering Market by Features, the sub-segment i.e. Print will boost the Multifunction Printers market. Considering Market by Refilling Type, the sub-segment i.e. Ink Cartridge will boost the Multifunction Printers market. Considering Market by Interface, the sub-segment i.e. USB will boost the Multifunction Printers market.
In August 2018, Canon Inc., a Japan-based multinational manufacturer of imaging and optical products launched three compact PIXMA printers with features automatic two-sided printing and custom-designed nail art.
What Can be Explored with the Multifunction Printers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Multifunction Printers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Multifunction Printers
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 Multifunction Printers 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 Multifunction Printers 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 New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of the multifunction printer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
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.