In a recently published report, Desktop Printers Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Desktop Printers Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Desktop printers are pieces of hardware which include laser printers, Inkjet printers and Dot matrix printers which are installed in homes and business offices. The printer is a hardcopy peripheral which produces on paper human-readable representations of graphics or text. These desktop printers are generally small enough to fit in on a desk or table. The growing demand for from the corporate sector and government sector drives the market growth. Also, increasing sales of computer and other electronics such as Tablets, Smartphones and other peripherals drives the market growth. As per International Data Corporation (IDC) Brazil in 2018, PC sales increased by 7.5% as compared to 2017. With the sale of 5.75 million units the revenue generated also increased by 17% in the same year. Of these PC sales notebooks accounted for USD 2.63 billion while desktops represented USD 781 thousand of the total revenue generated. This increase in sales has led the electronics industry in Brazil to grow. Moreover, growing digitalization and use of these electronics for day to day work has increased the demand for printers.
For instance: the trend of designing on tabloids has increased the propensity for desktop printers. Also, growing penetration of connected devices also supports the market growth. As according to Statista, 94.35 million units of hardcopy peripherals including printers were shipped across the globe during 2019. However, growing awareness and program towards less use of paper impedes the growth of the market over the forecast period of 2020-2027. Although, transformation of printers for use in 3D printing presents a lucrative opportunity for the market.
The regional analysis of global Desktop Printers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well-established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing urbanization and digitalization would create lucrative growth prospects for the Desktop Printers market across Asia-Pacific region.
Major market player included in this report are:
Zebra
Xerox
HP
BRADY
Schmidt
Roland DGA
Honeywell
Stratasys
XYZ printing Inc
Ultimkare
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Needle Printers
Inkjet Printers
Laser Printers
By Application:
Household Use
Commercial Use
Industrial Use
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
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Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Desktop Printers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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