According to a recent report published by Allied Market Research, titled, Europe, Middle East & Africa Portable Printer Market: Opportunity Analysis and Industry Forecast, 2018 - 2025, the Europe and Middle East & Africa portable printer market was valued at $1,374.0 million in 2017, and is projected to reach $2,183.9 million by 2025, registering a CAGR of 5.8% from 2018 to 2025.
At present, Europe dominates the Europe, Middle East & Africa portable printer market, whereas Middle East & Africa is expected grow at a significant rate during the forecast period.
A portable printer is applicable across various industry verticals such as retail, transport & logistics, healthcare, telecom, manufacturing, hospitality, and others. For instance, in the retail sector, portable printer helps in providing better service and a more profitable business through relevant consumer engagement, increased sales conversion, and superior customer loyalty by providing instantaneous receipts or documentation about the necessary products. Owing to these benefits and increased adoption of technology in the retail sector, on the basis of industry vertical, the retail sector garnered the highest market share in 2017.
Key Findings of the Europe, Middle East & Africa Portable Printer Market:
- The thermal segment generated the highest revenue in terms of technology in 2017.
- In 2017, the retail sector was the highest revenue contributor in the industry vertical category.
- The transport & logistics sector is anticipated to exhibit the highest CAGR during the forecast period.
- In 2017, Europe contributed the highest market revenue in the Europe,Middle East & Africa portable printer market.
The key players operating in the portable printers market are Bixolon Co., Ltd., Brothers Industries, Ltd., Canon, Inc., Printek LLC, Fujitsu Limited, Hewlett Packard Enterprise (Hewlett Packard Enterprise Development LP), Honeywell International, Inc., PLR IP Holdings, LLC (Polaroid Corporation), Toshiba Corporation (Toshiba TEC Corporation), and Zebra Technologies Corporation.