The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for 3D printers are expected to drive innovation in printer manufacturing, thus driving the market during the forecast period.

The global printer market is expected to grow from $10.71 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The global printer market size is expected to grow to $14.18 billion in 2027 at a CAGR of 5.7%.

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Global Printer Market Segments Include:

• By Type: Dot-Matrix Printers, Line Printers, Daisy-Wheel Printers, Laser & Led Printers, Mono Printers
• By Technology: Inkjet, Thermal, Impact
• By Printer Interface: Wired, Wireless
• By Output Type: Color, Monochrome5) By End-user Applications: Residential, Commercial, Educational Institutions, Enterprises, Government, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global printer market in 2021.

Major Market Players in the printer market include Brother Industries Ltd., Seiko Epson Corp., Hewlett-Packard Company (HP), Canon, Ricoh, Samsung Electronics Co. Ltd., Konica Minolta Inc.

Advancing technologies are gaining popularity in the printer market. Major companies operating in the printing industry are focusing on developing advanced technology solutions for printers. For instance, in July 2022, Sharp Electronics of Canada Ltd., a Canada-based distributor of office equipment and electronic consumer goods, announced the new BP Advanced and Essentials Multifunctional Printer Series. The elegant cabinet design with easy-roll casters, soft-close paper drawers, and contemporary color scheme make this series a perfect fit for any office environment. Improved cloud service connectivity, such as with Microsoft Teams, makes it simple to streamline communication, and native Microsoft Universal Print capability facilitates integration with Microsoft 365 environments that benefit from simplified print management. Innovative features like multi-feed scan detection and improved auto skew correction help ensure jobs are done correctly the first time, every time. With the 300-sheet duplexing single pass feeder on Advanced Series models, users can scan documents at up to 280 images per minute.

The Printer Global Market Report 2023  provides a printer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The printer market forecast analyzes printer market size, printer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A printer is a device that receives text and graphics output from a computer and sends that information to generate a hard copy.

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