May 4, 2022

| Technavio News provided by Share this article Share this article NEW YORK, May 4, 2022 /PRNewswire/ -- The " Printers Market by Type, Technology, and Geography - Global Forecast and Analysis 2021-2025 " report has been added to Technavio's offering. According to the report, the market will observe an incremental growth of USD 6.01 billion between 2020 and 2025. The market witnessed a YOY growth of 1.33% in 2021. However, the growth momentum in the market is expected to decelerate at a CAGR of 2% during the forecast period. APAC is expected to emerge as the key market in terms of revenue generation and the region will offer several growth opportunities for market players. Technavio has announced its latest market research report titled Printers Market by Type, Technology, and Geography - Global Forecast and Analysis 2021-2025 Download a Sample Report Now for more highlights on market size, YOY growth rates, regional growth opportunities, and other important statistics about the market. The global printers market is fragmented due to the presence of many established players. Vendors in the market are adopting various growth strategies such as new product launches to remain competitive and gain an edge over their rivals. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Brother Industries Ltd., Canon Inc., HP Inc., Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., and Xerox Corp. are identified as dominant players in the market. The rising demand from SMEs across the globe has been instrumental in driving the growth of the market. However, digitization in enterprises is expected to challenge the growth of market players. Buy our full report now for a detailed analysis of the vendor landscape, competitive scenario, products offered by key players, and other important aspects. Read a Sample Report Before Purchasing Printers Market 2021-2025: Segmentation Technology Others The laser printers segment will have the largest share of the market over the forecast period. The dominance of the segment can be attributed to factors such as the emergence of compact laser printers, the rising demand for A4 and A3 laser multifunction printers from enterprises, and the declining average selling price of laser printers. Type Single Function Printers Based on the type, multifunction printers account for maximum sales in the market. Multifunction printers have various advantages over single-function or stand-alone printers. They fulfill various documentation needs, such as printing, scanning, and sending documents to various recipients via email and storing documents on the cloud for both commercial and enterprise applications. Many such benefits will drive the growth of the segment. Geography MEA APAC will have the largest share of the market. The region is home to major printer manufacturers, such as Ricoh, Konica Minolta, Kyocera, Epson, and Sharp. Factors such as increasing IT investments by SMEs, the rising number of SMEs and startups, and the rising disposable incomes of people are driving the growth of the printer market in APAC. Printers Market 2021-2025: Key Highlights CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist printers market growth during the next five years Estimation of the printers market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the printers market Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of printers market, vendors Related Reports: About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact