Global Laser Printer Market 2019-2023
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- 127 Pages, November 2018
About this market
Small work groups, homes, and offices face space constraints. Therefore, they tend to focus on products that occupy less space. Such customers prefer compact laser printers that can deliver excellent print quality and that are equipped with mobility features for easy printing using a smartphone. Consequently, vendors in the laser printer market are introducing products that are compact, deliver high print quality and print speeds, and are equipped with mobility features. These factors are expected to trigger the growth of the laser printer market worldwide. Technavio's analysts have predicted that the laser printer market will grow at a CAGR of almost 5 % by 2023.
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Market overview
Increasing popularity of MFPs
The popularity and adoption of MFPs in households, small and large corporates are expected increase, as they have multiple functionalities. MFPs can deliver high print volume and multiple document functionalities including fax. Scan, copy, and print. The growing popularity of MFPs is triggering the massive growth of the laser printers market worldwide.
Increasing demand for Inkjet printers
Traditionally, inkjet printers are associated with high-quality image prints and high running costs. However, companies are developing inkjet printers with faster printing speeds, lower printing cost per page, and higher print volumes. These factors can lead to the increasing popularity of inkjet printers over laser printers.
For the detailed list of factors that will drive and challenge the growth of the laser printer market during 2019-2023, view our report.
Competitive landscape
The laser printer market appears to be fragmented and the competitive environment is quite intense with the presence of many upstarts and established companies including Brother Industries and Canon. Factors such as the increasing popularity of MFPs and the increasing demand for compact laser printers will provide immense growth opportunities for companies. Some of the major companies covered in this report include Brother Industries, Canon, HP Development Company, KYOCERA, and Seiko Epson.
'With the presence of a large number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Many companies in the global laser printer market are focusing on manufacturing compact laser printers that deliver high print quality and print speeds and are equipped with mobility features.'
Read the full report: https://www.reportlinker.com/p05638962
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