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Printer Market Transformation: Key Market Size Changes in Recent Years
In the past few years, there has been a slight decrease in the size of the printer market. A decrease from $15.08 billion in 2024 to $15.07 billion in 2025 is expected, with a compound annual growth rate (CAGR) of -0.03%.
Factors contributing to this decline during the historic period include market competition and pricing, customer requirements and trends, supply chain and manufacturing processes, regulatory compliance, and environmental sustainability.
In the coming years, the printer market size is anticipated to witness slight expansion. It’s projected to increase to $15.47 billion by 2029 with a compound annual growth rate (CAGR) of 0.7%.
Factors contributing to this growth during the projection period include market rivalry and pricing patterns, shifts in customer needs, the robustness of the supply chain, changing regulatory frameworks, and a focus on environmental impact. The forecast period is likely to see significant trends such as mobile printing solutions, subscription-based printer services, remote printing, managed print services, the incorporation of augmented reality (AR) in printers, and security features.
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What’s Behind the Consistent Growth of the Printer Industry?
The expansion in the packaging sector is predicted to spur the progression of the printer market. The packaging industry encompasses the development and usage of materials and containers that protect, preserve, and aid in the transport of goods.
This growth is due to increased consumer demands, technological advancements, and a surge in online commerce activities.
Printers play a key role in the packaging industry by providing high-quality, custom designs, labels, and barcodes, thus bolstering brand visibility, delivering crucial product details, and complying with regulations.
For example, the International Trade Administration, administered by the Department of Commerce, a US government entity, reported a 25% jump in the estimated packaging industry in November 2023, climbing from USD 710 million in 2021 to USD 906 million in 2022. Hence, the progression in the packaging industry is fuelling the advancement of the printer market.
Top Revenue-Generating Segments in the Printer Market
The printermarket covered in this report is segmented –
1) By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
2) By Technology: Inkjet, Thermal, Impact
3) By Printer Interface: Wired, Wireless
4) By Output Type: Color, Monochrome5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications
Subsegments:
1) By Dot-Matrix Printers: Impact Dot-Matrix Printers, Serial Dot-Matrix Printers
2) By Line Printers: Chain Printers, Drum Printers
3) By Daisy-Wheel Printers: Standard Daisy-Wheel Printers, High-Speed Daisy-Wheel Printers
4) By Laser And LED Printers: Color Laser Printers, Monochrome Laser Printers, LED Printers
5) By Mono Printers: Black And White Printers, Thermal Printers
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What Technological Trends Are Set to Revolutionize the Printer Market?
Emerging technologies are becoming increasingly prominent in the printer market. Leading firms in the print industry emphasize the creation of sophisticated tech solutions for printers.
Specifically, in July 2022, Canada-based office equipment and electronic consumer goods distributor, Sharp Electronics of Canada Ltd., introduced the novel BP Advanced and Essentials Multifunctional Printer Series. The series boasts a stylish cabinet design complemented by easy-move casters, soft-closing paper drawers, and a modern color scheme, making it an ideal match for any office setup.
Enhanced connectivity with cloud services like Microsoft Teams simplifies communication, while native Microsoft Universal Print compatibility ensures easy integration with Microsoft 365 environments for effortless print management. It also includes features like multi-feed scan detection and comprehensive auto skew correction to ensure tasks are done right the first time.
The Advanced Series models are equipped with a 300-sheet duplexing single pass feeder, allowing users to scan documents at rates as high as 280 images per minute.
How Are Different Regions Contributing to the Printer Market’s Growth?
North America was the largest region in the printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period.
The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which Firms Are Setting the Benchmark in the Global Printer Market?
Major companies operating in the printer market include Hewlett-Packard Company (HP), Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku Corporation, Oki Electric Industry Co.
Ltd., Lexmark International Inc., Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt.
Ltd., Bixolon Co. Ltd., Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation
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