The global thermal printing market size was USD 44.00 Billion in 2021 and is expected to register a revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Growing concerns regarding product safety and anti-counterfeiting is an important factor driving market revenue growth.
Other factors that influence development of the worldwide market include deployment of automated and cutting-edge technologies such as Automatic Identification and Data Capture (AIDC) and wireless mobile printers. Thermal printing uses portable, dependable, and user-friendly printers and is employed in several businesses to print labels, bills, lottery tickets, and other documents, which are driving revenue growth of this segment. In addition, papers printed with thermal printing are simple to recycle owing to short lifespan of chemical coating on these sheets.
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However, heat setting of thermal printers and higher cost of thermal printers as compared to others are expected to restrain market revenue growth. One of the drawbacks of thermal printers is that they can be more expensive than conventional printers and their high heat increases risk of long-term print head damage, which adds to the expense. Furthermore, there are other disadvantages, such as a thermal printer often does not print in color, and unlike regular printers, paper used in them has a shorter shelf life and must be stored at room temperature.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Thermal Printing market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key players involved:
Zebra Technologies Corp, SATO Holdings, Seiko Epson, Star Micronics, Honeywell International, BIXOLON, Fujitsu, HP Development Company, L.P, Toshiba Tec Corporation., and Brother Industries, Ltd.
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Key Highlights From the Report
The printer segment accounted for largest revenue share in 2021. Efficiency of thermal printers is higher than that of conventional printers and they use heat to produce an image on paper. It is faster than other printers and printing is also less costly. In addition, images are created in milliseconds and technology enables images to be transmitted using heat.
The barcode printer segment accounted for largest revenue share in 2021. Barcode printers are extremely versatile since they can print on a wide variety of materials, such as paper, polyesters, PTFE, Tyvek, and tag stock, and they can use a variety of ribbons to get right print quality and durability for job. When a label’s life expectancy is shorter than one to two years, it is also possible to print on direct thermal paper without using thermal ribbons.
The Direct Thermal (DT) segment accounted for largest revenue share in 2021. Direct thermal labels provide a number of advantages over conventional printers and copy paper, including being quicker, more precise, not requiring ink cartridges, more affordable, and more dependable, which is expected to drive revenue growth of this segment.
The North America market accounted for largest revenue share in 2021. Rising Research & Development by various key companies to launch innovative products in this region is expected to drive market revenue growth. For instance, on 4 October 2021, a 3-inch high-speed thermal printer mechanism was launched by Fujitsu Components America. It features three positions for black mark sensors and user-selectable printing parameters for speed, paper width, and thickness.
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Emergen Research has segmented the global thermal printing market based on offering, printer type, format type, printing technology, application, and region:
Offering Type Outlook (Revenue, USD Billion; 2019-2030)
Printer Type Outlook (Revenue, USD Billion; 2019-2030)
Kiosk & Ticket Printers
Format Type Outlook (Revenue, USD Billion; 2019-2030)
Printing Technology Outlook (Revenue, USD Billion; 2019-2030)
Direct Thermal (DT)
Thermal Transfer (TT)
Dye Diffusion Thermal Transfer (D2T2)
Application Outlook (Revenue, USD Billion; 2019-2030)
Transportation & Logistics
Manufacturing & Industrial
Healthcare & Hospitality
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Table of Contents:
Chapter 1 includes an introduction of the global Thermal Printing market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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