Feb 16, 2021   SOURCE: BusinessWire

Worldwide Thermal Printing Industry to 2026 - North America Accounts for a Significant Market Share - ResearchAndMarkets.com

The "Thermal Printing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The thermal printing market was valued at USD 40.56 billion in 2020, at a CAGR of 5.2%, during the forecast period (2021 - 2026).

Companies Mentioned

  • Zebra Technologies Corporation
  • Sato Holdings Corporation
  • Honeywell International Inc.
  • Bioxolon
  • Brother International Corporation
  • Star Micronics Co., Ltd
  • Toshiba Tec Corporation
  • TSC Auto ID Technology Co., Ltd
  • Avery Dennison Corporation
  • Xiamen Rongta Technology Co., Ltd
  • Axiohm

Key Market Trends

Retail Holds the Significant Share in The Market

  • With increasing retail stores globally, barcoding technology is becoming an essential component of a lean, agile retail business. Keeping goods moving and monitoring them on their path simultaneously is a struggle for many businesses. In addition to standard printers for receipts and invoices, by adding a barcode creator to the mix, owners can create labels needed to organize inventory and files, ship items and more. Making barcodes from durable, fade-resistant, heat-sensitive label stock ensures that the efforts at the organization won't be destroyed over time.
  • Many players are showcasing new technology for enhancing intelligent printing solutions for the evolving payment. For instance, in Nov 2019, BIXOLON announced that they will be showcasing the SRP-Q300 3-inch (80mm) Direct Thermal cube desktop printer series which offers flexible mPOS printing at competitive pricing. This thermal transfer printer is ideal for inventory management and retail labeling.
  • China's economy appears to be stabilizing gradually, uplifted by rising industrial production and higher foreign currency reserves. According to the National Bureau of Statistics of China, Chinese retail sales were up by 9% in 2018 versus a year earlier, roughly in line with that reported in the past year. However, due to the increase in retail chain stores, the usage of thermal printing is increasing.
  • Also, various players are improving label technology to improve the shopping experience. For instance in Sep 2019, Avery Dennison officially launched its first I.Lab Intelligent Label Solutions innovation space in China at its plant facility in Kunshan, Jiangsu Province that will provide live demonstrations to help converters explore the opportunities surrounding smart labels. China's 'New Retail' revolution is designed to provide consumers with a seamless, fast, and convenient shopping experience.

North America Account for Significant Market Share

  • The North America holds the major market share in the thermal printing market owing to the increasing demand in retail applications, such as smart packaging, inventory management, and warehousing and transportation and logistics applications. Many North American retailers have already made the migration, trading their impact printers for more advanced, thermal-only solutions. Enterprises are placing greater emphasis on minimizing the cost to print, environmental impact, maintenance, etc.
  • The existence of significant players in the region such as Zebra Technologies, Honeywell, Avery Dennison, etc serves highly in retail, transportation and logistics industries, which is expected to further boost the thermal printing market in North America. For instance, in Sep 2019, Epson America introduced four new additions to its ColorWorks on-demand color label printer lineup which are C6000A, C6000P, C6500A, and C6500P. The new ColorWorks C6000 family delivers a comprehensive range of capabilities to meet the requirements of the most common thermal transfer applications.
  • Moreover, Zebra is one of the largest converters of thermal supplies in North America. Featuring the largest selection of pre-tested, high-quality labels, tags, receipt paper, wristbands, cards, and ribbons, Zebra provides a solution for virtually any application. Due to its largest distribution in this region, the market for thermal printing effectively grows year to year.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Adoption of Automatic Identification and Data Capture (AIDC) Technologies for Productivity Improvement

4.3.2 Increasing Adoption of Wireless Technologies in Mobile Printers

4.4 Market Restraints

4.4.1 High Repair and Replacement Costs

4.5 Value Chain Analysis

4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Printer Format

5.1.1 Barcode

5.1.2 Label

5.1.3 POS (Point of Sale)/ Kiosk

5.1.4 Other Printer Formats

5.2 By Technology

5.2.1 Direct Thermal

5.2.2 Thermal Transfer

5.3 By End-User

5.3.1 Retail

5.3.2 Healthcare

5.3.3 Industrial & Manufacturing

5.3.4 Transportation

5.3.5 Government

5.3.6 Other End-Users

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 Germany

5.4.2.3 France

5.4.2.4 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 India

5.4.3.4 Rest of Asia-Pacific

5.4.4 Latin America

5.4.5 Middle-East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/ocaoyf