Thermal Printer, Global Market Size Forecast, Top 16 Players Rank and Market Share (Internet Services - Other Internet Services)

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Thermal Printer, Global Market Size Forecast, Top 16 Players Rank and Market Share


Thermal Printer Market Summary
The global Thermal Printer market is projected to grow from US$ 3987.4 million in 2023 to US$ 3463.6 million by 2029, at a Compound Annual Growth Rate (CAGR) of -2.3% during the forecast period.

Market Drivers:
With the rapid growth of the e-commerce market, the demand in the logistics and transportation field has increased. This will drive demand for shipping labels and parcel labels from logistics companies and e-commerce businesses, thereby boosting thermal printer sales.
Various industries such as manufacturing, retail and logistics are undergoing digital transformation, which requires more labels and signage. Thermal printers can meet this need and will therefore play an important role in digital transformation.
The healthcare industry has a growing demand for labels and packaging, especially for medical records, pharmaceutical labeling and medical device marking. This will provide growth opportunities for the medical thermal printer market.
The increasing market demand for personalized and customized printing will promote the use of thermal printers in areas such as label printing, packaging printing and ticket printing.

Restraint:
The emergence of new printing technologies and solutions may cause thermal printers to lose market share. For example, new technologies such as digital printing technology, inkjet printing and laser printing provide higher resolution, higher speed or lower cost alternatives in certain application areas.
Digital paperless trend: Many industries are undergoing a digital transformation, reducing the need for printers. Electronic documentation, electronic labelling, and electronic storage have replaced traditional printing needs, especially in the office and document management sectors.
There may be insufficient demand for thermal printers in some emerging markets, as these markets may prefer cheaper alternative solutions.
In 2022, the global top five Thermal Printer players account for 46% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Thermal Printer.

In terms of product type, Direct Thermal Printer is the largest segment, hold a share of 58.2%,
In terms of product application, Transportation and Logistics is the largest application, hold a share of 24.3%,



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Last Update : Mar 15, 2024 3:24 AM
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