Printers and Copiers Market to Trigger a Revenue to $9.8 Billion by 2028, Owing to Rising Availability of Advanced Printers With Wi-Fi Connectivity Features and Digital Integration | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global printers & copiers industry to grow due to apprehending demand for printers and copiers for learning and working from home in countries comprising Japan and China.

The global printers & copiers market size is expected to reach USD 9.8 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of -1.4% from 2021 to 2028. This can be attributed to decreasing demand for printers and copiers from the commercial sector such as offices.

The growing availability of advanced printers with Wi-Fi connectivity features and upgraded digital integration may show some positive impact on the market during the forecast period. Additionally, apprehending demand for printers and copiers for learning and working from home in countries comprising Japan and China. Moreover, emerging economies are taking numerous initiatives to implement digitization in the country, which, in turn, is expected to support the industry demand.

Click Here To Request Free Demo of Printers And Copiers Market Report: https://www.millioninsights.com/snapshots/printers-copiers-market-report/request-demo

Cumulative investments by key players in the latest technologies and focus on innovative product launches are further projected to boost industry sales. Though, high ink cost and high maintenance cost of printers and copiers remain a prime concern leading to hindering the market growth during the forecast period.

The printer type segment accounted for the largest revenue share of more than 70.0% in 2020. This growth is credited to the accumulative demand for these products. The rising adoption of multifunctional printers for commercial applications may drive the growth of this segment in coming years. Additionally, the rising usage of printers in homes may also play some positive role in the growth of this segment.  

The online segment is expected to expand at the fastest CAGR of 0.65% from 2021 to 2028. This can be credited to the usage and rising popularity of e-commerce platforms. Major manufacturers are partnering with online retailers intending to reach out to new buyers. Correspondingly, an increase in sales of printers and copiers mainly through company-owned websites and other e-commerce platforms such as Amazon, Walmart, etc., is further anticipated to drive the growth of the online distribution channel segment in the coming years.

Asia Pacific led the market and accounted for the largest revenue share of more than 30.0% in 2020. This can be attributed to the growing demand for printers from emerging countries, such as China, and India for the commercial sector. The growing work-from-home employment and rising disposable income are principal factors driving market growth. Various Chinese companies have entered the market with a partnership with e-commerce platforms to offer products at modest pricing. This, in turn, will drive the regional market in the coming years.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/snapshots/printers-copiers-market-report

Printers And Copiers Market Report Highlights

• North America is expected to show slow growth of -0.12% from 2021 to 2028 owing to declining demand for printers and copiers from commercial applications

• The printer type segment dominated the market and accounted for the highest revenue share of more than 70.0% in 2020 due to rising demand for this printer from developing regions for work from home employment

• Asia Pacific dominated the market and accounted for a revenue share of over 30.0% in 2020 due to rising demand for printers and copiers in developing countries

• The offline distribution channel segment held the largest revenue share in 2020, contributing to revenue share of more than 80.0% owing to the improvement of the organized retail sales sector globally

Printers And Copiers Market Segmentation

Million Insights has segmented the global printers & copiers market on the basis of type, distribution channel, and region:

Printer And Copiers Type Outlook (Revenue, USD Million, 2017 – 2028)
Printer
Copiers

Printer & Copiers Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Offline
Online

Printer & Copiers Regional Outlook (Revenue, USD Million, 2017 – 2028)
North America
U.S.

Europe
Germany
U.K.
France

Asia Pacific
China
Japan

Central & South America
Brazil

Middle East & Africa
South Africa

List of Key Players of Printers And Copiers Market

HP Development Company
Canon Singapore Pte. Ltd.
Xerox Corporation
Seiko Epson Corporation
Konica Minolta, Inc.
Brother Industries, Ltd.
Keyence Corporation
Videojet Technologies, Inc.
Pannier Corporation

Explore the Latest Snapshots Press Releases by Million Insights:

Other Dairy Products And Eggs Market – The global other dairy products and eggs market size is expected to reach USD 157.8 billion by 2028. The market is expected to expand at a CAGR of 3.4% from 2021 to 2028.

Dating Services Market – The global dating services market size is expected to reach at USD 15.2 billion by 2028. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/snapshots/printers-copiers-market-report