Market Highlights
In this rapidly changing world of technology, laser printer market is projected to show major growth prospects during the forecast period. Major factor driving the laser printer market is the increasing adoption of advanced printing technologies in order to enhance productivity and provide cost effective solutions.
The global Laser Printer Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the laser printer market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of laser printer market. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of laser printer market. Growing adoption of advanced printing technologies in corporate sector as well as government sector is another major factor driving the growth of laser printer market in the region.
In the global Laser Printer Market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, laser printer market is projected to contribute faster to the growth of revenue backed by increasing demand for advanced printing technologies and growing need for sophisticated laser printing solutions in countries such as Japan, China and India. This is owning to the presence of key players like Samsung Electronics, Brother Industries, Fuji Xerox, Canon, The Ricoh Company and Kyocera Corporation in the region. After HP, Canon and Samsung Electronics have been dominating the laser printer market owing to the increasing demand from end users across various industry verticals.
The laser printer market is growing rapidly over 16% of CAGR and is expected to reach at approx. USD 2,322 Million by the end of forecast period.
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Segmental Analysis
The segmental analysis of the laser printer market is carried out on the basis of type, end-user, and region. On the basis of type, the laser printer market is segmented into Multi-Function and Single Function. Based on the End Users, the laser printer market is segmented into SMEs, Individual Users, Large Enterprises and Government. The regions included in the laser printer market are Asia Pacific, North America, Europe and the rest of the world.
Key Players
The prominent players in laser printer market are – HP (U.S.), Canon, Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Fuji Xerox Co., Ltd. (Japan), Dell, Inc. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (U.S.), Kyocera Corporation (Japan), Seiko Epson Corporation (Japan) and others.
Regional Analysis
The regional analysis of the global laser printer market covers regions such as Asia Pacific, North America, Europe and Rest of the World. The analysis of the laser printer market observes that the North American region is likely to be accountable for the principal share of the market. Meanwhile, the Asia Pacific region is anticipated to expand at the fastest rate through the forecast period. The key development in the laser printer market in the North American region is accredited to the technical developments and growing demand from several industry verticals in that region.
Industry Updates:
March 2019 Xerox has recently launched its new model called the Phaser 6022 color laser printer. The new model is Wi-Fi-enabled and easily supports both Google Cloud Print and Apple AirPrint for wireless printing directly from your mobile device or Google Drive without using computers. The laser printer can efficiently deal with demanding jobs and can handle up to 18 pages per minute in either color or monochrome and can print out a color print in less than 13 seconds.
Feb 2019 Fraunhofer Institute for Laser Technology (ILT) in Germany, have found their positive combination of multiphoton polymerization and stereolithography that can enable rapid, high-quality 3D printing by laser. They are creating a machine for cost-effective and high-precision 3D construction technologies using both methods.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
- Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
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