Nov 22, 2017   SOURCE: PR NewsWire

Thermal Printing Market Worth 50.45 Billion USD by 2023

PUNE, India, November 22, 2017 /PRNewswire/ --

According to the new market research report "Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2023", published by MarketsandMarkets(TM) , the market is expected to be valued at USD 37.66 Billion in 2017 to reach USD 50.45 Billion by 2023, at a CAGR of 5.00% between 2017 and 2023. The adoption of automatic identification and data capture (AIDC) technologies for productivity improvement, growing concerns about product safety and anti-counterfeiting, use of thermal printers in on-demand printing applications, increasing adoption of wireless technologies in mobile printers, and growth of the e-commerce industry are the driver of the growth of the thermal printing market worldwide.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 65 Market Data Tables and 62 Figures spread through 178 Pages and in-depth TOC on "Thermal Printing Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/thermal-printing-market-4699565.html [https://www.marketsandmarkets.com/Market-Reports/thermal-printing-market-4699565.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Early buyers will receive 10% customization on this report

Supplies to hold a major share of thermal printing market during forecast period 

The supplies segment is expected to hold the major share of the thermal printing market based on offering between 2017 and 2023. The overall thermal printing market based on offering is segmented in printer hardware and supplies. Supplies hold a larger share of the overall market owing to its dominant use in thermal printing. A lifetime of almost every printer involves the use of numerous supplies, which is leading to the rapid upsurge in the demand for supplies.

Barcode printers to hold largest share of thermal printer market during forecast period 

Barcode printer is expected to hold the largest share of the thermal printer market between 2017 and 2023. Thermal barcode printers are extensively used in small, medium, and large businesses to label and, subsequently, track the products to be shipped. Application of barcode printers in the retail sector increases efficiency, boosts employee productivity, widens profit margins by lowering costs, and helps deliver a top-notch customer service.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=4699565 [https://www.marketsandmarkets.com/pdfdownload.asp?id=4699565&utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Thermal printer market for mobile format to grow at highest CAGR between 2017 and 2023 

Mobile format thermal printers are light in weight, easy to use, and durable, and deliver rich print quality. These printers are used in various applications such as hospitality, healthcare, and retail. Mobile printers have an ability to receive a command from mobile, smartphones, and tablets, either through connecting cables or wireless connection enabled by short-range Bluetooth technology. The demand for mobile thermal printers is increasing rapidly as these printers are used for printing labels, tickets, and receipts in many markets, such as hospitality, retail, and healthcare, owing to their several benefits such as the ability to connect to wireless networks and print materials on the spot.

Retail held largest share of the thermal printing market in 2016 

The demand for thermal printers is increasing in the retail sector as there is a growing need for maintaining data by tracking inventory through the barcode and RFID tags. Thermal printers are used to print these tags at significantly low costs. Also, these printers print rugged and reliable labels, which can withstand all challenging conditions such as abrasion, moisture, and extreme temperature. Moreover, the inclination of the companies toward retailing and growth potential of e-commerce business are further expected to fuel the thermal printing market.

North America held largest share of thermal printing market in 2016 

Retail applications, such as smart packaging, inventory management, and warehousing, along with transportation and logistics applications drive the thermal printing market in North America. These applications require barcode, and RFID labels and tags for tracking all the data of a particular asset. Owing to this, the demand for RFID, barcode, and POS thermal printers is increasing rapidly in North America.

Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=4699565 [https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=4699565&utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Also, the presence of significant players such as Zebra Technologies (US), Honeywell International (US), Avery Dennison (US), and Wasp Barcode Technologies (US), serving the retail, and transportation and logistics industries, is expected to further boost the thermal printing market in North America. Browse Related Reports

Digital Printing Market for Printers, Inks, and Print Heads by Ink Type (Aqueous, Solvent, UV-Curable, Latex, and Dye Sublimation), Print Head Type (Inkjet and Laser), Substrate Type (Glass, Textile, Paper), and Geography - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/digital-printing-market-97124440.html [https://www.marketsandmarkets.com/Market-Reports/digital-printing-market-97124440.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Large Format Printer Market by Ink Type (Aqueous, Solvent, UV-Curable, Latex, Dye Sublimation), Printing Technology (Inkjet, Laser), Print Width, Application and Geography - Global Trends & Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/large-format-inkjet-printers-lfp-market-5 23.html [https://www.marketsandmarkets.com/Market-Reports/large-format-inkjet-printers-lfp-market-523.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp [http://www.marketsandmarkets.com/Knowledgestore.asp?utm_source=PRNewswire&utm_medium=Referral&utm_campaign=Subscription_AT ]

About MarketsandMarkets(TM)  

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 

        

        Contact: 
        Mr. Rohan 
        MarketsandMarkets(TM) INC. 
        630 Dundee Road 
        Suite 430 
        Northbrook, IL 60062 
        USA: +1-888-600-6441 
        Email: sales@marketsandmarkets.com

 

Visit our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets 


    Photo: 
    http://photos.prnewswire.com/prnh/20160303/792302

SOURCE MarketsandMarkets