DUBLIN–(BUSINESS WIRE)–Jan 19, 2021–
The “Hardcopy Peripherals & Printing Consumables Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The Hardcopy Peripherals & Printing Consumables Market is expected to grow at a CAGR of 7% over the forecast period 2020 to 2025.
Expanding usage of printing consumables in educational institutes, organizations, and commercial sectors such as packaging and textile have been driving the growth of the specialty printing consumables market.
Expansion in the textile printing industry, mounting applications in the packaging industry, industrial, and IT sectors is likely to encourage the use of digital printing technology in the market over the forecast period and is presumed to drive demand for Hardcopy Peripherals & Printing Consumables required for business communication activities in their business processes.
According to CyberMedia (India) Ltd, the hardcopy peripherals market’s growth was led by Inkjet printers, specifically Ink Tank printers, and now command the maximum part of the overall Inkjet market. The online sales played a significant role in catering to the market’s increased demand from the Consumer and SMB segment.
According to gfu & BVT, in 2019, the total number of sales for printers, scanners, and multifunctional devices (MFD) generated roughly 425 million euros, and approximately 3890 thousand devices were sold in Germany.
Also, the increasing size of exports and online orders by E-commerce websites is anticipated to deliver the growth possibilities to the Hardcopy Peripherals & Printing Consumables Market players in the forecasted period.
Toner being a powdered mix, is applied in laser printers and photocopies to print text on paper and images. It is widely accepted for commercial publishing such as novels, newspapers, and journals.
With the flourishing education industry globally, the need for printed study material is progressing, thereby encouraging the growth of the Hardcopy Peripherals & Printing Consumables Market in this segment.
On the other hand, the introduction of less time consuming and economical products are likely to pose a threat to the market.
Key Market Trends
Printing Ink to Dominate the Market
The textile industry’s extension, coupled with the revolution in the fashion industry and the rapid adoption of digital printing against conventional printing, drove the growth of the printing ink market globally. Additionally, the demand for digitally printed books is also expanding rapidly. Textbooks can be tailored to the students, novels to readers, and business messages to the targeted audiences.
United States to Dominate the North American Market
Technological printing ink advancements and the growth of end-use applications in the United States majorly contributed to the Hardcopy Peripherals & Printing Consumables Market in the region. Ceramic, packaging segment, and textile printing are among the major growing applications in the United States.
The Hardcopy Peripherals & Printing Consumables Market is moderately competitive and consists of several major players. Multiple vendors are pouring investments into research activities. The principal motive of this move is to offer superior quality products for end-users. These initiatives are expected to push the global hardcopy peripherals & printing consumables market in the upcoming period. Canon Inc., Seiko Epson Corporation, HP Inc., ACM Technologies Inc., and AstroNova Inc. are some of the principal vendors in this market.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study?
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Global Hardcopy Peripherals Market
5 MARKET DYNAMICS
5.1 Introduction to Market Dynamics
5.2 Market Drivers
5.2.1 Growth in the Production Digital Printing Color Volume
5.2.2 Increasing Demand for Value-addition through Innovative Decorative and Tactile Elements within the Printed Piece
5.3 Market Challenges
5.3.1 Overall Decline of the Print Manufacturing Business
6 GLOBAL HARDCOPY PERIPHERALS MARKET
6.1.1 By End user (Market Size in USD billion, Trends, and Dynamics)
184.108.40.206 Educational Institutions
220.127.116.11 Other Applications
6.1.2 By Region (Market Size in USD billion, Trends, and Dynamics)
6.1.3 Key Vendor Analysis
18.104.22.168 Vendor Market Share (Market share of Printers and Copiers (combined) of key vendors (such as HP, Canon, Epson, Brother, and Kyocera, among others), will be provided based on Shipment units (in million), for the period (Q1 2010 – Q1 2020))
22.214.171.124 Annual Turnover of Leading Vendors (Annual revenue generated from the sales of concerned business segment of leading vendors in the market, over the period of (2010-2019), wherever applicable, will be included)
6.1.4 Competitive Intelligence – Key Vendor Profiles (Business Segments, Product portfolio, SWOT Analysis, Recent Developments)
126.96.36.199 HP Inc.
188.8.131.52 Canon Inc.
184.108.40.206 Seiko Epson Corporation
220.127.116.11 Brother Industries Ltd.
18.104.22.168 Xerox Corporation
22.214.171.124 Kyocera Corporation
7 GLOBAL PRINTING CONSUMABLES MARKET
7.1.1 By Type (Market Size in USD billion, Trends, and Dynamics)
126.96.36.199 Printing Ink
188.8.131.52 Printer Toner
7.1.2 By Region (Market Size in USD billion, Trends, and Dynamics)
7.1.3 Competitive Intelligence – Key Vendor Profiles (Business Segments, Product portfolio, SWOT Analysis, Recent Developments)
184.108.40.206 ACM Technologies Inc.
220.127.116.11 AstroNova Inc.
18.104.22.168 IMEX Co. Ltd.
22.214.171.124 DIC Corporation
126.96.36.199 Lexmark International, Inc.
8 BUSINESS MODEL INNOVATION & STRATEGIES
9 INVESTMENT ANALYSIS AND FUTURE OUTLOOK
For more information about this report visit https://www.researchandmarkets.com/r/yh2ig6
View source version on businesswire.com:https://www.businesswire.com/news/home/20210119005907/en/
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INDUSTRY KEYWORD: CONSUMER ELECTRONICS RETAIL COMMUNICATIONS OTHER RETAIL TECHNOLOGY PUBLISHING HARDWARE
SOURCE: Research and Markets
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PUB: 01/19/2021 01:03 PM/DISC: 01/19/2021 01:04 PM