Global Ticket Printers Market Overview:
A ticket printer is basically a device that prints a ticket. It prints information regarding a particular event on a piece of paper. These are small devices that can be used over years. Tickets such as train tickets or tickets in a sporting event or a cinema hall ticket or a food joint ticket are printed on these printers. These are also used in hospitals where it helps them in the instant tracking of patients and medical equipment, whenever required, especially in emergencies. The global ticket printers market is expected to grow due to an increase in the number of malls, as well as a growing tendency to spend time in malls and a rise in the number of theatres, especially in emerging economies. Other key factors driving the growth of the global ticket printers market include an increase in the number of events, concerts, and performances around the world, as well as the need to pursue a structured process to maintain inventory of a large number of people attending the event. Furthermore, benefits provided by these products to end-users, such as advanced portability and lower operating costs of ticket printers, are expected to result in high adoption of ticket printers in the years ahead, boosting the global target market's growth. Increased smartphone consumption and in the industry pose a constant challenge to ticket printers. Mobile or E-ticketing has largely replaced ticket printing. Because of the various types of paper used and the chemicals used to process the inks, the printing industry has always been under economic and political pressure. Many government and private companies have begun to use mobile or E-tickets instead of printed tickets, resulting in reduced paper waste and improved ticket management system quality.
Growth Drivers
- Increased use in places like cinema halls, retail shops, sports and gaming events, etc.
- Increased ticket monitoring in various commercial spaces
Market Trends
- The Growing use of barcode printing in the e-commerce world
- Wireless printing
Roadblocks
- Wastage of paper
- Decreased use of paper across various industries because of Covid 19 Pandemic
Opportunities
- Technological developments and introduction of small size, low price, and versatile ticket printers
- Growing demand or usage of receipts in the retail sector
Challenges
- Threat because of the use of smartphones and online payments
- E-ticketing is replacing ticket printing
- End-users like railways and movie and event tickets are trying to reduce the use of paper
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Bocasystems (United States), (HP) Hewlett-Packard Development Company (United States), Epson (Japan), Stimare (Ireland), The Custom Companies, Inc. (United States), Able-systems (United Kingdom), Zebra Technologies Corporation (United States), Datamax Inc. (United States), Vidtronix (United States), Fujitsu (Japan) and Star Micronics (Japan). Additionally, following companies can also be profiled that are part of our coverage like BluePrint Printing (United States) and Ded Ltd (United Kingdom). Analyst at AMA Research see United States Vendors to retain maximum share of Global Ticket Printers market by 2026. Considering Market by Technology, the sub-segment i.e. Direct Thermal will boost the Ticket Printers market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Ticket Printers market.
What Can be Explored with the Ticket Printers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ticket Printers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ticket 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 Ticket 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 Ticket 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, Manufacturers of Ticket Printers, Suppliers and Distributors of Ticket Printers, Venture Capitalists and Private Equity Firms 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.