The current report by Market Research Future (MRFR) asserts that the global ticket printer market is slated to acquire a substantial market valuation from USD 346.1 million in 2017 to USD 442.3 million by 2023, at a moderate 5.2% CAGR over the review period.
The top ticket printers market players identified by MRFR in the global market are Stimare (Dublin), Bocasystems (US), Zebra Technologies Corporation (US), Able-systems (UK), The Custom Companies, Inc. (US), Datamax Inc. (US), Ier Blue Solutions (France), Practical Automation, Inc. (US), Epson (Japan), Skidata (India), Vidtronix (US), Fujitsu (Japan), Masung (Schengen), Star (US), and Ded Ltd (UK). These players contribute significantly to market growth.
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Apart from the top significant players, the other players contribute nearly 35–40% in the ticket printers production market. These are Xiamen Rongta Technology (China), Citizen Systems Japan (Japan), Avery Dennison (US), and Shinmei (US), among others.
Drivers and Restraints
Swift urbanization, specifically in rising economies, is the key factor driving this ticket printers market. Appropriate and fast delivery has led to the implementation of printers in multiple end-use industries. Besides this, higher portability and low operating cost has further enhanced its adoption and subsequently ascended the market growth. In addition, overall growth observed in related systems such as display systems and tablets has driven the printer’s market growth. On the other hand, growing trends for cloud-based systems is anticipated to restrain its adoption and, subsequently, the market growth. Consumers prefer e-receipts and avoid paper-based receipts, which is expected to curb market growth. Additionally, the use of POS printers in the small and medium scale businesses with reducing the price of ownership is anticipated to lead its demand in the near term.
On the other hand, ticket printers continuously face the threat of augmented mobile consumption and other advanced printers in the market.
Many government and private firms have started using mobile or E-tickets instead of printed tickets ensuing in the decrease of paper wastage and increased competence of the ticket management system. On the other hand, this factor poses a risk towards the growth of the ticket printer market as many end-users like airlines, railways, and movie and event tickets are depleting the usage of paper tickets.
The global ticket printers market production has been segmented on the basis of beam source, type, application, and region.
Based on the technology, the ticket printers production market has been divided into thermal ribbon transfer, direct thermal, and inject printer.
On the basis of applications, the ticket printers production market has been segmented into zoo park tickets, movie theatre tickets, invoices, boarding pass, railway tickets, museum tickets, sporting events, trade show entrance badge, and others (gaming, historical sites, and skiing facilities).
Based on the type, the ticket printers production market has been segmented into kiosk printers, portable (mobile) printers, and benchtop printers.
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The geographical overview of the global ticket printer’s production market has been conducted in four major regions, specifically the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).
Europe accounted for the most substantial market valuation in 2017; the market is anticipated to register a significant CAGR during the forecast period. In Europe, technological development occurs at a rapid pace. This impacts the growth of the ticket printer market favorably with the advent of cost-effective products. On the other hand, the software updates pose a threat to the ticket printer by offering online printing solutions. On the other hand, Asia-Pacific is anticipated to grow with the highest CAGR. Tickets printer continuously faces the threat of increased mobile consumption and other advanced printers. Most of the ticket printing is substituted by mobile or E-ticketing. It comprises a barcode and a scanner at two ends to authenticate the ticket details. The Indian railway division Mysore closes down the ticket printing unit because of the digitalization of the railway systems.
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