Multi-Functional Printer Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The multi-functional printer market size has grown strongly in recent years. It will grow from $32.66 billion in 2024 to $35 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to cost efficiency, office space optimization, environmental concerns, and integration with digital workflows.

The multi-functional printer market size is expected to see strong growth in the next few years. It will grow to $45.49 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to remote work and collaboration tools, security features, IoT integration, personalization and customization, AI, and automation. Major trends in the forecast period include subscription-based models, cloud printing and storage integration, eco-friendly innovations, augmented reality (AR) support, and edge computing.

The growing number of small and medium-scale businesses is expected to drive the expansion of the multi-functional printer market in the future. Small and medium-sized enterprises (SMEs) are businesses that meet specific size criteria, typically employing at least 50 people. The demand for small and medium-scale businesses is rising due to the increasing preference for personalized services that cater to consumers seeking unique products and tailored experiences. Multi-functional printers are commonly used in SMEs to adjust printing options based on particular needs, such as printing marketing materials, reports, or presentations. For example, in February 2024, according to Innovation, Science and Economic Development Canada (ISED), a government department in Canada, there were 1.22 million employer businesses in Canada as of December 2022, with 97.8% (1.19 million) being small businesses, 1.9% (23,395) being medium-sized, and only 0.3% (3,128) classified as large businesses. Consequently, the rise in small and medium-scale businesses is contributing to the growth of the multi-functional printer market.

Key players in the multi-functional printer market are focusing on developing innovative solutions to cater to the evolving needs of SMEs, with a particular emphasis on mobile printing capabilities. For instance, SHARP Business Systems (India) Pvt. Ltd., a subsidiary of SHARP Corporation, launched the MX-M1206/M1056 series in August 2023. These high-speed mono multifunction printers are designed to meet the demanding needs of high-volume environments, featuring advanced functionalities such as a large color LCD touchscreen, seamless cloud printing, and support for popular mobile printing technologies. By offering efficient and secure printing solutions, these printers address the requirements of SMEs seeking to streamline their printing operations and enhance productivity.

In July 2023, HID Global, a US-based company specializing in secure identity products, acquired Evolis for Euro 228.6 million (approximately $246.8 million). This acquisition aims to bolster HID Global's printer portfolio and geographic footprint, positioning the company as a prominent player in the desktop printer market. Evolis, a France-based manufacturing company offering multi-functional card printers, brings complementary expertise and capabilities to HID Global, enabling the combined entity to cater to a diverse range of customers across various verticals. This strategic alignment strengthens HID Global's position in the market and enhances its capacity to meet the evolving needs of SMEs and other customer segments.

Major companies operating in the multi-functional printer market are Samsung Electronics Co Ltd., Panasonic Corporation, Lenovo Group Limited, Canon Inc., Hewlett Packard Enterprise Development LP, Toshiba Corporation, Sharp Corporation, Ricoh Company Ltd., KYOCERA Corporation, Konica Minolta Business Solutions, Xerox Corporation, Seiko Epson Corporation, Lexmark International Inc., BOBST Group SA, Star Flex International, Eastman Kodak Company, Shanghai Printyoung International Industry Co Ltd., PANTUM Electronics Co Ltd., Wenzhou Daba Machinery Co Ltd., BFM Srl, KBA-Flexotecnica SpA, UTECO Converting SpA, Comexi Group Industries SAU, Mark Andy Inc., Brother Industries Ltd., Nilpeter A/S.

North America was the largest region in the multi-functional printer market in 2024. The regions covered in the multi-functional printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the multi-functional printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-function printer market consists of sales of wireless and wired multi-function 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.

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).

A multifunction printer (MFP) is a device combining printing, scanning, copying, and faxing functionalities into one unit, aiming to streamline office workflows. Widely used in home and office environments, MFPs efficiently handle printing and document management tasks.

The main segments in the MFP market are color and monochrome MFPs. Color MFPs produce color prints and perform various functions such as printing, scanning, faxing, and photocopying. They come in different technologies such as LED, laser, and inkjet. These MFPs serve various applications including corporate, small and medium-sized businesses (SMBs), small office home offices (SOHO), and others.

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

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.

This product will be delivered within 3-5 business days.