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Allied Market Research

Professional Printers Market Product Type (Inkjet Printers, Laser Printers, Others) Application (Commercial, Residential, Others) Distribution Channel (Online, Offline) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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COVID-19

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The printer is a peripheral device used to make a depiction of graphs, pictures, and text on the paper. It was designed in the nineteenth century and the first electronic printer EP-101 was launched in 1968 by Epson. The professional printers are the printers that are designed for high volume and high-speed printing. The basic categories of printers are impact and non-impact printers but as the technology and innovation have advanced the variants of printers have also increased. The impact printers consist of mechanical components for printing and include categories such as dot-mixed printers, daisy wheel printers, and line printers whereas, the non-impact printers create direct contact of ink and paper, consisting of inkjet printers, thermal printers, and laser printers. The other modern print technologies include dye-sublimation printers, wireless printers, multifunctional printers, 3D printers, and others. The surge in digital printing has increased the demand for professional printers to improve efficiency.   

Market scope and structure analysis:

                   Report Metric

                                            Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Product Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Canon, Honeywell International, Hewlett Packard Enterprise, Brother Industries, Kyocera, Seiko Epson, Ricoh, Lexmark International Inc., Sharp Corporation, Konica Minolta, Fujitsu, Xerox, Zebra Technologies.

 

COVID-19 Scenario Analysis: 

  • The lockdown scenario caused due to the COVID-19 pandemic has affected the revenue and sales of the global professional printers market as the distribution channels have shut down due to the government regulation of social distancing and prevention of mass gathering.
  • Initially, the manufacturing plants shut down and the shortage of manpower led to a slowdown of production in the professional printers market.
  • The advertising industry was highly affected by the lockdown as the advertising volume declined and this in turn affected the revenue of the professional printer industry.
  • The shutdown of various working places that use digital printing causes a reduction in the sales of professional printers.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Professional printers are extensively used in the advertising industry, business publishing, book printing, photo printing, newspapers, magazines, and others. Digital printing has created a new trend in the printing industry and has made professional printing more advanced. The investment in technology and automation, high-resolution printing, increased clarity and smoothness of prints, highly efficient colored printers, increasing productivity, high print speed, higher paper capacity, use of non-toxic inks, portable wireless printers, extended warranty periods, less cost per page, photo-realistic prints, improved quality of prints, reduced warm-up time, power-efficient printers, 3D printing, increase in awareness about new technology, reduced time consumption, and high multi-purpose printers are the key drivers, which lead the growth of the global professional printers market. However, expensive printers, availability of alternative printers, traditional printing techniques, wet-prints, use of high voltage and high running costs hinder the market growth.

The global professional printer market trends are as follows:

Highly efficient professional printers

Professional printers are widely used in various industries such as advertising, newspaper printing, magazine, and paper printing. The professional printers such as impact printers, line printers, inkjet printers, laserjet printers, offset lithography presses, and others are used for commercial printing since earlier times. The advancement in technology and innovation has created modern printing techniques and advanced features in the existing printers. The launch of Inkjet printers, multifunctional printers, 3D printers with advanced features has created a new trend in the market.

The key manufacturers are inclined toward improving the incorporated technology in printers and developing effective and high-resolution prints. For instance, Kyocera has launched professional print heads and photoreceptor drums for electrophotographic, inkjet, and thermal printing. The constant acquisitions and partnerships have led to the vast development of the professional printer market and have created new pathways for further advancement.  

Key Segments Covered:

            Segments

                       Sub-segments

  Product Type

  • Inkjet Printers
  • Laser Printers
  • Others

  Application

  • Commercial
  • Residential
  • Others

  Distribution Channel

  • Online
  • Offline

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global professional printers industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global professional printer market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global professional printer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global professional printers market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Professional Printers Market Research Report:

  • What are the leading market players active in the professional printers market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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