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Multi-functional Printer Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44700
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The multi-functional printer market's share is expected to increase by USD 4.92 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This multi-functional printer market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by technology (inkjet and laser) and geography (APAC, Europe, North America, MEA, and South America). The multi-functional printer market report also offers information on several market vendors, including Canon Inc., Eastman Kodak Co., Hewlett Packard Enterprise Development LP, KYOCERA Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., and Xerox Corp., among others.

What will the Multi-functional Printer Market Size be During the Forecast Period?

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Multi-functional Printer Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post the COVID-19 era. The increasing demand for multi-functional printers from the healthcare sector is notably driving the multi-functional printer market's growth, although factors such as increasing digitization and cloud storage may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the multi-functional printer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Multi-functional Printer Market Driver

The healthcare sector is witnessing significant changes as service providers are trying to adopt digital best practices to improve their service delivery. Timely patient information exchange is vital in ensuring proper care and treatment of the patient. In healthcare facilities, interdepartmental communication plays a crucial role in coordinating patient schedules and relaying patient information quickly, efficiently, and securely. Also, the fact that the maintaining and sharing of electronic health records (among healthcare service providers) are being mandated by governments worldwide, which emphasizes the role of documentation in the overall service delivery. Thus, the increasing demand for multi-functional printers from the healthcare sector is notably driving the multi-functional printer market's growth.

Key Multi-functional Printer Market Challenge

Technological advances in cloud-based solutions are affecting the multi-functional printers market. With the advent of cloud storage solutions, users can access their documents remotely by using smartphones, tablets, and notebooks. This reduces the requirement of printing for the end-user segments. The increased penetration of wireless communications and smart devices such as smartphones and tablets has enabled the seamless exchange of information among the end-users. These document solutions have become increasingly popular among commercial and enterprise end-user segments. To minimize the use of paper, many end-user segments are encouraging paperless solutions and go-green initiatives. All these factors have a negative impact on the revenue growth of the global MFP market.

This multi-functional printer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Multi-functional Printer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Canon Inc.
  • Eastman Kodak Co.
  • Hewlett Packard Enterprise Development LP
  • KYOCERA Corp.
  • Panasonic Corp.
  • Ricoh Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corp.
  • Sharp Corp.
  • Xerox Corp.

 

This statistical study of the multi-functional printer market encompasses successful business strategies deployed by the key vendors. The multi-functional printer market is fragmented, and the vendors are deploying growth strategies such as expanding their product offerings to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The multi-functional printer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Multi-functional Printer Market?

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40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for multi-functional printers in APAC. Market growth in this region will be faster than the growth of the market in Europe, South America, North America, and MEA.

The key factors driving the market in the region are the increasing awareness among enterprises that multi-functional printers are cost-effective, as well as their need to improve operational efficiency and employee productivity.  This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Multi-functional Printer Market?

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The multi-functional printer market growth-share by the inkjet segment will be significant during the forecast period. The inkjet multi-functional printers are mostly bought by home users; hence, they will not phase out from the market or get replaced completely by laser multi-functional printers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the multi-functional printer market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Multi-functional Printer Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

USD 4.92 billion

Market structure

Fragmented

YoY growth (%)

2.40

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

The US, China, Germany, Japan, France, and the UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Canon Inc., Eastman Kodak Co., Hewlett Packard Enterprise Development LP, KYOCERA Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., and Xerox Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Multi-functional Printer Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive the multi-functional printer market's growth during the next five years
  • Precise estimation of the multi-functional printer market's size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the multi-functional printer industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the multi-functional printer market's vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
    • Impact of COVID-19

    Five Forces Analysis

    • Five Forces Analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Inkjet - Market size and forecast 2020-2025
    • Laser - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Vendor overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Canon Inc.
    • Eastman Kodak Co.
    • Hewlett Packard Enterprise Development LP
    • KYOCERA Corp.
    • Panasonic Corp.
    • Ricoh Co. Ltd.
    • Samsung Electronics Co. Ltd.
    • Seiko Epson Corp.
    • Sharp Corp.
    • Xerox Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The multi-functional printer market growth will increase by $4922.65 million during 2021-2025.
    The multi-functional printer market is expected to grow at a CAGR of 3.52% during 2021-2025.
    Technavio has segmented the multi-functional printer market by technology (Inkjet and Laser) and geographic (APAC, Europe, North America, MEA, and South America).
    Canon Inc., Eastman Kodak Co., Hewlett Packard Enterprise Development LP, KYOCERA Corp., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., Xerox Corp. are a few of the key vendors in the multi-functional printer market.
    APAC will register the highest growth rate of 40.2% among the other regions. Therefore, the multi-functional printer market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the multi-functional printer market growth are:
    • Increasing demand for MFPs from healthcare sector
    The multi-functional printer market vendors should focus on grabbing business opportunities from the inkjet segment as it accounted for the largest market share in the base year.
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