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Thermal Printer Market By Offering (Printer and Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, and Mobile), Printing Technology (DT, TT, and D2T2) and Industry Vertical (Retail, Transportation & Logistics, Industrial, Healthcare, Hospitality, Government, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08963
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Jun 2021 | 468 Views
 
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Thermal Printer Market Outlook – 2027 

A thermal printer is a printer that uses heat to produce image on paper and has become increasingly popular, owing to high print quality, and is mostly used in retail, airline, entertainment, banking, grocery, and healthcare industries. In addition, thermal printing does not make use of ink or toner, but largely depends on thermal papers to produce good quality images. 

In addition, owing to short life of chemical coating on these papers, papers printed from thermal printing can easily be recycled. The printers used in thermal printing are lightweight, durable and simple to use. It is used to print receipts, bills, lottery tickets, and other labels in industries.

The global thermal printer market is segmented on the basis of offering, printer type, format type, printing technology, industry vertical, and region. Based on offering, the thermal printer market is bifurcated into printer and supplies. In terms of printer type, the market is categorized into barcode, POS, kiosk & ticket, RFID, and card. On the basis of format type, the market is divided into industrial, desktop, and mobile. 

In terms of printing technology, the market is categorized into DT, TT, and D2T2. Based on industry vertical, the market is segregated into retail, transportation & logistics, industrial, healthcare, hospitality, government, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global thermal printer industry include Zebra Technologies Corporation, Seiko Epson Corporation, Bixolon EU, TSC Auto ID Technology Co., Ltd., Star Micronics Co., Ltd., SATO HOLDINGS CORPORATION, Honeywell International Inc., Fujitsu Ltd., Toshiba Corporation, and Brother Industries Ltd. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global thermal printer market. 

Top Impacting Factors

Increase in concerns related to counterfeiting of goods and products propels the market growth. In addition, adoption of automated and advanced technologies such as automatic identification and data capture (AIDC), as well as wireless mobile printers, are some other factors that drive global market development. However, the major factor hampering global thermal printer market growth is low quality printed labels, as they are prone to heat, light and abrasion. Furthermore, thermal printers cannot be used for general printing, and compatibility problems are a few other factors that restrict global market development.

The Market For Hospitality & Healthcare Applications to Grow at the Highest CAGR during the Forecast Period

The thermal printer market for healthcare & hospitality applications is projected to witness high growth during the forecast period. The high use of smart labels will helps monitor patients and medical equipment instantly, wherever necessary, especially in emergencies. In addition, thermal printers are commonly used for printing labels and tags that are aligned with different healthcare application processes and help enhance patient efficiency, bed use and asset allocation.

North America to Hold the Largest Market Share during the Forecast Period

Among all applications in the region, manufacturing & industrial, retail, transportation & logistics, and healthcare & hospitality are the main areas of application where thermal printers are used. Several companies offering thermal printers and supplies have their presence in this region, which is further adding to North America's thermal printer market growth.  

Thermal Printer Barcodes to Account For the Largest Market Share during the Forecast Period

Thermal barcode printers are used extensively in small, medium and large enterprises to label and track the products to be shipped afterwards. This is one of the significant factors that has contributed to the leading role of barcode printers on the thermal printer market.  

Prominent players in the market are expected to concentrate more on technology upgrades and frequent product launches as the main strategy for meeting up with the fast-changing demand. Companies such as Zebra Technologies Inc. have launched a new version of the desktop thermal printer, developed specifically to meet the increasing demand from the healthcare, retail and manufacturing industries. The implementation of thermal printing can replace the conventional way of advertising and can offer product-related information to customers by simply scanning the labels. 

Key Benefits of the Report

  • This study presents the analytical depiction of the global thermal printer market forecast 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 detailed analysis of the global thermal printer market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global thermal printer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global thermal printer market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2020–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Offering, Printer Type, Format Type, Printing Technology, Industry Vertical, and Region

Regions Covered

North America (Canada, Mexico, and U.S.), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Africa, Latin America, and Middle East)

Companies Covered

Zebra Technologies Corporation, Seiko Epson Corporation, Bixolon EU, TSC Auto ID Technology Co., Ltd., Star Micronics Co., Ltd., SATO HOLDINGS CORPORATION, Honeywell International Inc., Fujitsu Ltd., Toshiba Corporation, and Brother Industries Ltd.

 

COVID-19 Scenario Analysis

  • Global market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new thermal printers as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for thermal printers are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced thermal printers to enhance efficiency.

Thermal Printer Market Key Segments

Segments

Sub-Segments

Offering

  • Printer
  • Supplies

Printer Type

  • Barcode
  • POS
  • Kiosk and Ticket
  • RFID
  • Card

Format Type

  • Industrial
  • Desktop
  • Mobile

Printing Technology

  • DT
  • TT
  • D2T2

Industry Vertical

  • Retail
  • Transportation and Logistics
  • Industrial
  • Healthcare
  • Hospitality
  • Government
  • Others

 

Questions Answered in the Thermal Printer Market Research Report

  • Which are the leading market players active in the thermal printer market?
  • What would be the detailed impact of COVID-19 on the thermal printer market size?
  • How current thermal printer market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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