Laser Printer Market Insights:
The global laser printer market will touch USD 5.08 billion at a 12.23% CAGR by 2032, as per the recent Market Research Future report. The growing need for multifunction laser printers will boost the market in the forecast period. The burgeoning need for such printers in various end-use industries owing to the multifunction operating system within a single device will boost market growth. Its increasing adoption for budget-minded businesses for consolidating assets, reducing costs, and improving workflow is grabbing the SMEs attention further propelling market growth.
The increasing preference for laser printers over inkjet printers will offer lucrative opportunities for this market in the forecast period. The growing need for advanced printing technology to augment efficiency and productivity or the workflow in its entirety is fuelling the demand for laser printers. Basically, the laser printer uses a laser beam for producing an image on the drum. These advanced printers have the capacity to generate premium quality print with endless set of fonts. These are simple in nature and are non-impact. Above all, a laser printer is pocket-friendly and possesses excellent output speeds compared to the inkjet printers, no wonder its burgeoning demand.
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Key Players:
- Brother Industries Ltd.
- Xerox Corporation
- HP Inc.
- Samsung Electronics Co. Ltd.
- OKI Electric
- Canon Inc.
- Ricoh Company Ltd.
- Epson
- South Yuesen
- Lexmark International Inc.
- Dell Inc.
- Seiko Epson Corporation,
are the notable vendors in the Laser Printer Market.
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Laser Printer Market Regional Analysis:
North America will head the market over the forecast period. Various factors are propelling the market growth in the region such as the presence of key players like Google and Microsoft which incorporates technical advances in their product portfolio and rise in R&D investments by key market players.
The APAC region will have admirable growth in the market over the forecast period. Various factors are fuelling the market growth in the region such as rise in demand from retail, transportation, and others, the region’s rising urbanization, and the presence of top market players in Japan. China followed by India grabbed the utmost market share in the region.
Laser Printer Market Segmentation:
The Laser printer market globally can be divided on the basis of following basis of type and end user.
By Type: Multi-Function and Single Function
By End User: SMEs, Individual Users, Large Enterprises, Government and Others
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The high initial cost of laser printers, concerns about environmental impact, and competition from other forms of printers like inkjet printers may act as market restraints over the forecast period.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
