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Retail Printer Market By Product (Desktop Printer, Industrial Printer, Mobile Printer, Others), By Technology (Thermal Transfer Label Printer, Direct Thermal Label Printer, Inkjet Label Printer, Laser Label Printer, Thermal Transfer Paper Printer, Direct Transfer Paper Printer, Impact Paper Printer, Inkjet Paper Printer), By Application (Departmental Store, Warehouse Retailers, Mom & Pop Stores, E-commerce, Supermarket, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The Retail Printer Market is being driven by increased competition among retailers.

Globally, the retail printer market is expected to grow at a CAGR of 6.2% from 2019 to 2027, starting at US$ 3.03 billion in 2018. The market's growth is driven by the increasing competition among retailers. As the competition among market players heats up and customers gain more power, retailers are focusing more on providing a better shopping experience to customers. The use of printers in retail stores can streamline billing operations and enable companies to engage customers via several loyalty programs.

The companies are using printers to drive a customer-centric campaign by offering discount coupons along with membership cards to gain customer loyalty and reduce the churn rate. Moreover, the rapid surge in online sales is also serving as a major driver for the growth of the market. However, the growing trend of digital payments, combined with consumers' growing environmental concern to save paper and reduce waste, is acting as a major impediment to the growth of the retail printer market.

Market Synopsis

Mobile Printer Is Estimated To Grow Significantly During The Forecast Period

The retail printer market is bifurcated based on product type into industrial printers, desktop printers, mobile printers, and other printers. Mobile printers are responsible for 38% of the revenue and are projected to maintain their dominating positions during the forecast period. The growth of the market is driven by the increasing adoption of smartphones and tablets across the globe. The mobile printers can be synced with a smartphone or tablet and can accept commands from phones. This printer generally comes with a wireless technology interface and an in-built card reader, which makes it an ideal option for the retail store. This is driving the demand for mobile printers across retailers.

North America Is Leading the Retail Printer Market

North America led the retail printer market with more than 33% of the revenue in 2018. The growth of the market is attributed to the growing e-commerce industry in the region. The e-commerce industry in the region has grown significantly over the past five years. It is estimated that online sales in the region account for more than 14% of overall retail sales in the region, and the number is further estimated to grow in the future. This presents huge opportunities for the growth of the market in the region. Moreover, the increasing internet penetration, along with the widespread adoption of smartphones in the region, is also driving the market's growth.

The major vendors in the retail printer market are Avery Dennison Corporation, Brother Industries Ltd., Honeywell International Inc., Oki Electric Industry Co., Ltd., Postek Electronics Co., Ltd., SATO Holdings Corporation, Star Micronics Co., Ltd., Toshiba TEC Corporation, TSC Auto Id Technology Co., Ltd., and Zebra Technologies Corporation.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The retail printer market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global retail printer market based on product type, technology, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the retail printer market in 2018, and what are the projections for 2027?
  • Which is the largest regional market for retail printers?
  • What are the major trends followed in the retail printer market across different regions?
  • Who are the key companies in the retail printer market?
  • What are the key strategies adopted by the leading retail printer companies in the market?

This report's distinct data points

  • Statistics on retail printing and spending worldwide
  • Recent trends across different regions in terms of the adoption of retail printers across industries
  • Notable developments are going on in the industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Retail Printer Market is expected to reach USD$ 3.03 billion in 2027.

The Retail Printer Market is expected to see significant CAGR growth over the coming years, at 6.2%.

he report is forecasted from 2019 -2027.

The base year of this report is 2018.

Avery Dennison Corporation, Brother Industries Ltd., Honeywell International Inc., Oki Electric Industry Co., Ltd., Postek Electronics Co., Ltd., SATO Holdings Corporation, Star Micronics Co. are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2019
Category:  Technology & Media
Report ID:   59914
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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