Printer Market Report 2025

The printer market size has grown marginally in recent years. It will grow from $15.1 billion in 2024 to $15.23 billion in 2025 at a compound annual growth rate (CAGR) of 0.8%. The growth in the historic period can be attributed to market competition and pricing, consumer demands and trends, supply chain and manufacturing, regulatory compliance, environmental sustainability.

The printer market size is expected to see marginal growth in the next few years. It will grow to $15.75 billion in 2029 at a compound annual growth rate (CAGR) of 0.8%. The growth in the forecast period can be attributed to market competition and pricing trends, changing consumer demands, supply chain resilience, evolution of regulatory standards, emphasis on environmental impact. Major trends in the forecast period include mobile printing solutions, subscription-based printing models, remote printing and managed print services, augmented reality (AR) in printers, security features.

The anticipated growth in the packaging industry is expected to drive the expansion of the printer market in the future. The packaging industry involves the creation and use of materials and containers designed to protect, preserve, and facilitate the transportation of products. This industry's growth can be attributed to increasing consumer demand, technological innovations, and a rise in e-commerce activities. Printers play a crucial role in the packaging sector by providing high-quality, customizable designs, labels, and barcodes that enhance brand visibility, deliver essential product information, and ensure compliance with regulatory requirements. For example, in November 2023, the International Trade Administration, a U.S. government agency under the Department of Commerce, reported a 25% increase in the packaging industry, with its value rising from USD 710 million in 2021 to USD 906 million in 2022. Thus, the growth of the packaging industry is driving the printer market.

The expanding packaging industry is expected to drive the growth of the printer market in the future. The packaging industry encompasses the business sector focused on the design, production, and distribution of packaging products. In this sector, printers are utilized to create labels for products that include essential information such as the product name, ingredients, and nutritional details. For example, in September 2024, a report from the Department for Environment, Food, and Rural Affairs, a UK government organization, indicated that in 2023, 64.8% of packaging waste in the UK was recycled, an increase from 62.4% in 2022. Therefore, the growth of the packaging industry is contributing to the expansion of the printer market.

The printer market is witnessing increased popularity in advanced technologies, with major companies in the printing industry concentrating on the development of cutting-edge solutions. For example, Sharp Electronics of Canada Ltd., a distributor of office equipment and consumer electronics based in Canada, introduced the BP Advanced and Essentials Multifunctional Printer Series in July 2022. This series features an elegant cabinet design with easy-roll casters, soft-close paper drawers, and a contemporary color scheme, making it suitable for various office environments. Enhanced connectivity to cloud services, such as Microsoft Teams, simplifies communication, while native Microsoft Universal Print capability enables integration with Microsoft 365 environments, streamlining print management. Innovative features such as multi-feed scan detection and improved auto skew correction ensure accurate job completion from the start. The Advanced Series models, equipped with a 300-sheet duplexing single-pass feeder, can scan documents at speeds of up to 280 images per minute.

Leading companies in the printer market are intensifying their focus on introducing innovative products to gain a competitive edge. An innovative product in this context refers to a printer that incorporates new and unique features or technology setting it apart from traditional printers. For instance, HP Inc., a US-based information technology company, launched the HP LaserJet Tank MFP 2600s in February 2022. This industry-first laser tank printer is designed for small businesses, featuring a mess-free toner refill system that takes only 15 seconds to fill and can print up to 5000 pages before requiring a reload. The HP Toner Reload Kit 4 minimizes waste by up to 90%, a durable imaging drum eliminates the need for continuous replacement, and other features contribute to high-quality, cost-effective printing.

In July 2023, HID Global, a US-based manufacturer of secure identity products, announced its acquisition of Evolis for an undisclosed amount. This acquisition is intended to strengthen HID Global's portfolio of security solutions and broaden its market presence. Evolis, based in France, is a company that specializes in printing solutions for plastic card manufacturing.

Major companies operating in the printer market include Hewlett-Packard Company (HP), Fujitsu Limited, Toshiba Tec Corporation, Kyocera Corp., Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Sharp Corp., Konica Minolta Inc., Seiko Epson Corp., Brother Industries Ltd., Zebra Technologies Corporation, Riso Kagaku Corporation, Oki Electric Industry Co. Ltd., Lexmark International Inc., Agfa-Gevaert N.V., Eastman Kodak Company, Inca Digital Printers Limited, Mimaki Engineering Co. Ltd., MGI Digital Technology, Roland DG Corporation, Kornit Digital Ltd., Printek LLC, DURST GROUP AG, Canon India Pvt. Ltd., Bixolon Co. Ltd., Screen Holdings Co. Ltd., AstroNova Inc., Primera Technology Inc., Electronics for Imaging Inc., SATO Holdings Corporation.

The North America was the largest region in the printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global printer market report during the forecast period. The regions covered in the printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A printer is a device designed to receive textual and graphical output from a computer and subsequently transmit that information to produce a tangible, hard copy.

Printers come in various types, including dot-matrix printers, line printers, daisy-wheel printers, laser and LED printers, and mono printers. Dot-matrix printers, for instance, are impact printers that utilize pins to impact an ink ribbon for printing. These printers employ technologies such as inkjet, thermal, and impact, and they can operate through wired or wireless connections. The resulting output can be either color or monochrome, catering to a diverse range of end-users, including residential, commercial, educational institutions, enterprises, government entities, and others.

The printer market research report is one of a series of new reports that provides printer market statistics, including printer industry global market size, regional shares, competitors with a printer market share, detailed printer market segments, market trends and opportunities, and any further data you may need to thrive in the printer industry. This printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The printer market consists of sales of printers, which are output devices that can be connected to computers to print paper documents. This includes text documents, images, or a combination of both. It can be distinguished as impact or non-impact printers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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