Thermal Printing Market : Insights into Growth Opportunities and Challenges

The latest study on the Thermal Printing Market  industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 –  2030       . The report covers the estimation of key market players, emerging new players, and regional analysis to offer a better understanding of the Thermal Printing Market  .   Furthermore, the report is updated with the changes in the market dynamics and economic scenario due to the COVID-19 pandemic. The report assesses the impact of the pandemic on the overall market and provides a detailed assessment of the present and future impact of the COVID-19 pandemic on the industry.

The global thermal printing market size was USD 44.00 Billion in 2021 and is expected to register a revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Growing concerns regarding product safety and anti-counterfeiting is an important factor driving market revenue growth.

Key participants include

Zebra Technologies Corp, SATO Holdings, Seiko Epson, Star Micronics, Honeywell International, BIXOLON, Fujitsu, HP Development Company, L.P, Toshiba Tec Corporation., and Brother Industries, Ltd.

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Several factors are driving the growth of the thermal printing market. One of the primary drivers is the rising adoption of thermal printing technology in the retail sector for printing receipts, labels, and tags. Thermal printers offer fast printing speeds and low maintenance requirements, making them ideal for high-volume printing tasks in retail environments. Additionally, the e-commerce boom has fueled demand for thermal label printers for shipping and logistics applications. Furthermore, advancements in thermal printing technology, such as the development of eco-friendly and energy-efficient printers, are driving market growth.

Research Methodology

Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.

Key Objectives of the Global Thermal Printing Market   Report:

  • An all-inclusive analysis and forecast estimation of the market have been included in this report.
  • The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global  Thermal Printing Market   
  •  and its leading players.
  • The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.

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Despite the positive growth trajectory, the thermal printing market faces certain challenges and restraints. One of the major challenges is the competition from alternative printing technologies such as inkjet and laser printing. While thermal printing offers advantages in terms of speed and simplicity, inkjet and laser printers offer higher resolution and color printing capabilities, making them preferred for certain applications. Moreover, the ongoing shift towards digitalization and paperless transactions in some industries could pose a challenge to the growth of the thermal printing market.

For the purpose of this report, Emergen Research has segmented the global thermal printing market based on offering, printer type, format type, printing technology, application, and region:

· Offering Type Outlook (Revenue, USD Billion; 2019-2030)

  • Printer
  • Supplies

· Printer Type Outlook (Revenue, USD Billion; 2019-2030)

  • Barcode Printers
  • POS Printers
  • Kiosk & Ticket Printers
  • RFID Printers
  • Card Printers

· Format Type Outlook (Revenue, USD Billion; 2019-2030)

  • Industrial Format
  • Desktop Format
  • Mobile Format

· Printing Technology Outlook (Revenue, USD Billion; 2019-2030)

  • Direct Thermal (DT)
  • Thermal Transfer (TT)
  • Dye Diffusion Thermal Transfer (D2T2)

· Application Outlook (Revenue, USD Billion; 2019-2030)

  • Retail
  • Transportation & Logistics
  • Manufacturing & Industrial
  • Healthcare & Hospitality
  • Government
  • Others

Regional Overview:

The global  Thermal Printing Market   market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global  Thermal Printing Market   market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements

The report considers the following timeline for market estimation:

  • Historical Years: 2017-2018
  • Base Year: 2019
  • Estimated Year: 2027
  • Forecast Years: 2020-2027

Global  Thermal Printing Market  Report – Table of Contents:

  • Chapter 1 includes the global  Thermal Printing Market   market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
  • Chapter 2 broadly categorizes the  Thermal Printing Market   market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
  • Chapter 3 elaborates on the competitive outlook of the  Thermal Printing Market   market, focusing on the major manufacturers and vendor landscape.
  • Chapter 4 exhaustively studies the key manufacturers of the  Thermal Printing Market   industry, along with their anticipated sales and revenue shares.
  • Chapters 5 includes market segmentation based on product type, application range, and market players. 

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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