Laser Printer Market Report 2024

This Laser Printer market 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 laser printer market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth during the historic period can be attributed to rapid industrialization and development, rising disposable income, increased use of laser printers for personal and office applications, expanding business activities, and growing demand for office equipment.

The laser printer market size is expected to see rapid growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the rise of remote and hybrid working models, a growing emphasis on sustainability driving the demand for energy-efficient laser printers, increased demand in the packaging industry, and a higher need for compact laser printers. Major trends during this period include advanced connectivity options such as Wi-Fi, Bluetooth, and cloud printing capabilities, AI-driven features and automation becoming integral to laser printers, integration with modern devices and workflows, incorporation of technical advancements, and vendor investments in launching new products.

The expansion of the laser printer market is projected to be significantly influenced by the increasing number of new enterprises. These newly established businesses, which are in their formative stages, contribute to the market growth. The rise in new enterprises is attributed to rapid technological advancements, increased funding opportunities for startups, and the growing number of entrepreneurship programs. Laser printers play a crucial role for these businesses by providing fast, reliable, and cost-effective printing solutions that enhance operational efficiency and ensure high-quality document production. For example, according to Startups.co.uk, a UK-based business advice website, the number of new enterprises in the UK reached 39,966 in 2023, representing a 6.5% increase from the previous year. As a result, the burgeoning number of new enterprises is driving growth in the laser printer market.

Key players in the laser printer market are concentrating on developing innovative products, including digital color and monochrome laser printers, to meet diverse business and personal printing needs. These printers are vital in both personal and professional environments, leveraging laser technology to deliver high-quality printed documents. In October 2023, Brother, a Japan-based electronics and electrical equipment company, introduced an updated lineup of digital color and monochrome laser printers, along with all-in-one devices. These new products are designed to address the needs of businesses ranging from small enterprises to large corporations. Brother’s latest launch underscores its commitment to delivering dependable printing solutions that align with the evolving requirements of modern workplaces, enhancing productivity and efficiency.

In June 2024, Ennis Inc., a US-based manufacturer of printed business products, acquired Printing Technologies, Inc. (PTI) for an undisclosed sum. This acquisition is intended to broaden Ennis’s product range within the printing industry, encompassing various innovative media solutions such as direct thermal, thermal transfer, inkjet, dot matrix, and laser printing technologies. Printing Technologies, Inc. (PTI) is a US-based manufacturer specializing in laser printers.

Major companies operating in the laser printer market are Samsung Electronics Co Ltd., Dell Technologies Inc., Panasonic Corporation, HP Inc., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Sharp Corporation, Ricoh Company Ltd., Kyocera Corporation, Epson America Inc., Konica Minolta Inc., Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Eastman Kodak Company, HID Global Corporation, Sindoh Co Ltd., UTAX GmbH, Newgen Solutions USA Inc.

Asia-Pacific was the largest region in the laser printer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the laser printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A laser printer is a device that utilizes laser technology to produce high-quality text and images on paper. It is known for its sharp text quality, efficiency, and speed, making it a popular choice for both office and home use.

The main types of laser printers are single-function and multi-function. Single-function printers are designed to deliver high-quality prints efficiently, without additional features such as scanning or copying. The various types of lasers used include helium-neon lasers and semiconductor lasers. These printers are used by various end-users, including individual users, small and medium-sized enterprises (SMEs), large enterprises, governments, and others.

The laser printer market research report is one of a series of new reports that provides laser printer market statistics, including laser printer industry global market size, regional shares, competitors with a laser printer market share, detailed laser printer market segments, market trends, and opportunities, and any further data you may need to thrive in the laser printer industry. This laser 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 laser printer market consists of sales of monochrome laser printers, color laser printers, multifunction laser printers, and network laser 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).

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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