Laser Printer Market Share 2019 - Global Industry Growth, Sales Revenue, Opportunities, Development Strategy, Competitive Landscape and Regional Forecast 2023

Market Research Future published a research report on “Laser Printer Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Laser Printer Market – Overview

The demand for printing solutions has increased steadily over the past few years. Market reports linked to the industry for semiconductors and electronics have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is anticipated to achieve a 16% CAGR while making revenues worth USD 2,322 million over the duration of the forecast period.

The increased demand for advanced printing technologies is expected to additionally stimulate the expansion of the market in the forecast period. The requirement for ensuring efficiency and productivity in the workplace has garnered positive demand for laser printers. Moreover, the rising cost-effectiveness of laser printers is anticipated to create new opportunities for growth in the approaching period.

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Industry Segments

The Laser printer market globally can be divided on the basis of following basis of type and end user.

• By Type: Multi-Function and Single Function
• By End User: SMEs, Individual Users, Large Enterprises, Government and Others

Key Players

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.

Global Competitive Analysis

The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be productive for companies so they can fix targets that can uphold their profitable enterprise's liquidity to take the most active decisions in terms of strategy execution and designing.

Regional Analysis

The regional analysis of laser printer industry includes regions such as North America, Asia Pacific, Europe and Rest of the World. It has been witnessed that the North American market is projected to account for the major share of the market, while the Asia-Pacific market is anticipated to develop at the fastest rate through the forecast period. The major development in the laser printer industry in the North American region is credited to technical progresses and growing demand from many industry verticals in that region.

Industry Updates:

March 2019 Xerox has recently launched its new model called the Phaser 6022 color laser printer. The new model is Wi-Fi-enabled and easily supports both Google Cloud Print and Apple AirPrint for wireless printing directly from your mobile device or Google Drive without using computers. The laser printer can efficiently deal with demanding jobs and can handle up to 18 pages per minute in either color or monochrome and can print out a color print in less than 13 seconds.

Feb 2019 Fraunhofer Institute for Laser Technology (ILT) in Germany, have found their positive combination of multiphoton polymerization and stereolithography that can enable rapid, high-quality 3D printing by laser. They are creating a machine for cost-effective and high-precision 3D construction technologies using both methods.

Jan 2018 The Brother Company has released a range of new printers and all-in-ones. The complete list of devices comprises of three printers: the Brother HL-L2370DW, HL-L2350DW and HL-L2370DW XL. There are also three more devices that are a part of the multifunction devices range capable of copying, printing and scanning such as the Brother HL-L2395DW, HL-L2390DW and DCP-L2550DW. The additions across the product range includes auto-fulfillment with options together with Amazon Dash Replenishment and Brother Refresh, which implies that the replacement toner cartridges will routinely be dispatched before the printer runs out of ink.

Mar 2018 HP Inc which has an established presence as the leader in printing across the world, recently presented the new HP LaserJet Pro M15 and M28 series which is expected to be the smallest laser in its category. This product is designed to give small and micro business owners unmatched productive and fast printing that can be adapted for any requirement or environment. The product which is 30% smaller than the previous generation, feature a sleek and compact design that can fit nearly anywhere.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Original equipment manufacturers (OEMs)
• Printer Manufacturers
• Corporate Offices
• Government Institutions

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Name: Abhishek Sawant
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Organization: Market Research Future

Release ID: 88923467