Laser Printer Market – Overview
The escalating demand for multifunction printers across several industry verticals is boosting the market. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to gain incomes valued at USD 2,322 Million while developing at 16 % of CAGR by 2023.
The escalating number of initiatives from vendors and government is improving the market share of the laser printer market. The mounting numbers of government kiosk centers are further promoting the laser printer market in the forecast period.
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The segmental evaluation of the laser printer market has been carried out on the basis of type, region, and end-user. On the basis of type, the laser printer market is segmented into multifunction and single-function laser printers. Based on the end-user, the laser printer market is segmented into SMEs, large enterprises, individual users, and government. Based on the region, the laser printer market is segmented into Asia Pacific, North America, Europe, and the Rest of the World regions.
The prominent players in Laser Printer Market are – HP (U.S.), Canon, Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Fuji Xerox Co., Ltd. (Japan), Dell, Inc. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (U.S.), Kyocera Corporation (Japan), Seiko Epson Corporation (Japan) and others.
The regional study of the laser printer market is being studied for regions such as Asia Pacific, North America, Europe, and the Rest of the World regions. It has been detected that the North American region is anticipated to be responsible for the principal portion of the laser printer market, while the Asia Pacific region is anticipated to develop at the highest rate for the duration of the forecast period. The critical expansion in the laser printer market in the North American region is accredited to the technical progress and mounting demand from a range of industry verticals in that region.
Sep 2019 HP has launched the world’s first cartridge-free printer, the HP Neverstop Laser, in select regions. The printer has been designed particularly for small to medium-sized enterprise (SME) owners. The Neverstop Laser is a revolutionary, rapid-reload laser printer that allows efficient printing without wasting time on interruptions. With its first-of-its-kind toner supply system that permits users to substitute the toner in seconds.
Oct 2019 Canon U.S.A., Inc. has announced the availability of a novel imageRUNNER and imageCLASS multifunction printers (MFPs) along with single function printers (SFPs). These original models, when used into well-suited fleet environments, can provide customers the ability to better optimize their print-related activity in scenarios where user experience, device footprint, security features, and overall cost of ownership are main considerations.
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- Technology Investors
- Research/Consultancy Firms
- Original equipment manufacturers (OEMs)
- Printer Manufacturers
- Corporate Offices
- Government Institutions
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