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The Portable Printer Market size is estimated to grow at a CAGR of 18.84% between 2022 and 2027. The market size is forecast to increase by USD 10,241.35 million. The growth of the market depends on several factors, including the growing demand for combining mobility and document solutions, the need for convenient printing solutions, and the need to adhere to industry sustainability standards. Portable printers are essentially small-sized, battery-operated mobile printers that users can carry easily. The small size of the printers enables mobility and efficient functionality. This is the unique selling proposition (USP) of the device and is expected to drive the market during the forecast period.
This portable printer market report extensively covers market segmentation by type (thermal and inkjet), application (transportation and logistics, retail, manufacturing, healthcare, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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One of the key factors driving the portable printer market growth is the growing demand for combining mobility and document solutions. Factors such as the rising demand for combining mobility and document solutions have significantly increased the need to make portable printers compatible with smart devices and applications. There is a growing adoption of mobile devices such as smartphones and laptops to enable employees to work remotely.
As a result, several prominent vendors in the market are providing solutions that help these employees to connect their mobile devices, such as laptops, with portable printers. For example, Brother Industries Ltd. offers A6/A7 Mobile Printers that can be connected to mobile devices such as tablets, smartphones, and laptops to produce high-quality printouts. Some of the advantages of these printers include portability and they are also lightweight which makes them suitable for employees who are working remotely. Hence, such factors are expected to drive the portable printer market growth during the forecast period.
A key factor shaping the portable printer market growth is the increasing demand for compact portable printers. Factors such as the rising demand for these printers from small workgroups, homes, and offices. These printers are mostly preferred by professionals who work at home and they seek lower operating costs for maximum profitability without having to compromise on the quality and performance of the printer.
Furthermore, they tend to prefer products that occupy less space, as they are working from small homes and office space. Hence, there is a growing popularity for compact portable printers that can provide excellent print quality and are equipped with mobility features for easy printing using a smartphone. Hence, such factors are expected to drive the global portable printer market growth during the forecast period.
The growing focus of enterprises on paperless work is one of the key challenges hindering the portable printer market growth. One of the key factors impacting the portable printer market is the emergence of technological advancements in cloud-based solutions. Users can easily access their documents remotely by using mobile devices due to the advent of cloud storage solutions such as Google Drive and Dropbox.
Hence, this will significantly impact the demand for portable printers among the end-user segments. In terms of enterprise requirements, advances in display technology can be a significant threat as the development and deployment of digital signage and large screen-size display for business promotions, are minimizing the need for paper or pamphlets-based promotion. Hence, such factors are expected to hinder the global portable printer market growth.
The thermal segment is estimated to witness significant growth during the forecast period. Factors such as flexibility, low-maintenance, high print quality output, and durable nature are making thermal printers ideal for mobile printing. One of the main advantages of thermal printers is they enable printing in extreme heat and cold situations.
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The thermal segment was the largest segment and was valued at USD 2,640.42 million in 2017. Some of the key features of thermal printers are, easy to maintain, print at a faster speed with low noise, compatible with devices such as smartphones and tablets. There is a growing adoption for thermal printers among large end-user segments due to their flexibility which enables the printers to integrate with currently used printing and labeling systems in retail businesses. Several vendors in the market offer ultra-compact thermal mobile printers under the brand name Epson TM-P20 2 Mobile Thermal POS Receipt Printer. One of the main features of these printers is that they are equipped with near-field communication (NFC) functionality that allows mobiles or tablets to be easily paired with the printers. Hence, such applications are expected to drive the growth of this segment which in turn will fuel the global portable printer market growth during the forecast period.
The increasing demand for the inkjet printer segment from various end-user industries is expected to increase the global portable printer market growth during the forecast period. These printers commonly use ink to print graphics, /images, and text on various types of paper. These types of printers are widely used in small offices, especially commercial printing companies as they are easier to move around and only occupy less space. These printers provide enhanced /image quality, especially with color photos as they use ink technology. Hence, such applications are expected to fuel the growth of this segment which in turn increase the global portable printer market growth during the forecast period.
The wide applications of portable printers are fuelling the adoption of these printers in the transportation and logistics segment which, in turn, is increasing the market growth during the forecast period. Some of the various applications of portable printers in the transportation and logistics segment include printing pallet labeling, warehouse labeling, delivery receipts and tickets on the move, airline labels, post labels, and rail, bus, and train tickets. It also enables enterprises in product tracking, inventory management, and financial reporting as these portable printers have the capability to connect with systems of enterprises in the logistics industry through mobile telephone technology. Hence, such applications will fuel the growth of portable printers in this segment which in turn contribute to the growth of the global portable printer market.
The growing adoption of portable printers in the retail business segment to streamline the process is fuelling the market growth of this segment during the forecast period. Several vendors are offering an array of mobile printing solutions that enhance retailers make quick decisions, which, in turn, will help them streamline their businesses. For instance, Brother Industries Ltd. offers solutions such as RuggedJet Series, which is rugged and compact. One of the main features of these printers are, they are wireless mobile printers, which are easy to use and reliable to print anywhere across the retail environment. Hence, such features and applications will fuel the growth of portable printers in this segment which in turn contribute to the growth of the global portable printer market.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors for the significant growth of the global transplant box market in APAC is the factors such as the proliferation of high-level automation across industries and verticals and the increasing awareness and demand for operational efficiency to drive business process optimization and productivity. Also, APAC is expected to offer greater opportunities for market growth due to the high rate of adoption of mechanization across industries such as transportation and the emergence of e-commerce platforms. Some of the key countries in APAC such as Japan, Australia, and South Korea have developed a strong user base for portable printers in order to achieve the end goal of flawless operational streamlining, productivity, and reliability. Hence, such factors are expected to drive the portable printer market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global portable printer market witnessed a significant slowdown due to the temporary closure of supermarkets and hypermarkets in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the reopening of retail stores, manufacturing facilities, and amusement parks, which increased the demand for portable printers from these end-users. Such factors are expected to drive the market during the forecast period.
The Portable Printer Market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Portable Printer Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Canon Inc: The company offers portable printers such as Selphy CP1500 wireless compact photo printers.
Citizen Watch Co. Ltd: The company offers portable printers such as CMP 20II mobile printers.
Fujitsu Ltd: The company offers portable printers such as Fujitsu FTP 62H portable printers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The portable printer market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Portable Printer Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.84% |
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Market growth 2023-2027 |
USD 10,241.35 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
18.6 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bixolon Co., Ltd., Brother Industries Ltd., Canon Inc., Citizen Watch Co. Ltd., CognitiveTPG, Fujitsu Ltd., HiTi Digital Inc., Honeywell International Inc., HP Inc., Lexmark International Inc., Oki Electric Industry Co. Ltd., Oracle Corp., Polaroid International B.V., Primera Technology Inc., Printek LLC, SATO Holdings Corp., Seiko Epson Corp., STAR MICRONICS Co. Ltd., Toshiba Corp., and Zebra Technologies Corp. |
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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, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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