Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
thermal printing market provides in-depth analysis of segments and sub-segments
in global as well as regional thermal printing market. The study also
highlights the impact of drivers, restraints and macro indicators on the global
and regional thermal printing market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global thermal printing market. According to report, the global
thermal printing market is projected to grow at a CAGR of 4.5% over the
forecast period of 2018-2024.
The thermal printing is a digital
printing process that is used to print the image on the paper by selectively heating the coated thermochromic paper or thermal paper. The paper used in thermal
printing is coated with the material that changes its color when the heat is
applied. In terms of quality, speed and technological advancements, the thermal
printing (or printers) offer various benefits over the other printing
technologies such as Offset, Letterpress and so on which increase its
popularity among the consumers. The thermal printers operate on the
combination of two different technologies direct thermal and thermal transfer.
Thermal printers are faster and effective than the dot matrix printers, so
nowadays they are used in various applications such as banking, airline,
healthcare and so on.
Thermal printing has several
benefits such as Low maintenance cost, easy printing ability, the faster speed that
creates the demand for thermal printing worldwide. The various industries are
focusing on the Productivity Improvements that leads to the rapidly growing
adoption of Automatic Identification and Data Capture (AIDC) Technologies that
helps to drives the thermal printer across the world. In addition, rising use
of thermal printers for various printing applications and the growing use of
wireless technologies for mobile printers are likely to boost the market
growth. The growing E-commerce industry anticipated escalating the growth of
thermal printers over the forecast period.
Barcodes are important
integral to various automated systems. The thermal printing is not effective for barcodes printing as it gives the poor quality image that may hamper the
market growth of thermal printing. Furthermore, the adoption of thermal printing
technology in various application such as retail, airline, banking, and
entertainment and healthcare industry is rising rapidly is likely to boost the
demand of thermal printing market. Moreover, the ongoing research for
technological advance in thermal printing technology to improve the quality of the image is likely to create more opportunities for the companies to work in thermal
imaging.
Geographically, North America
dominates the market of thermal printing owing to the vast use of thermal
printing in various application such as retail, packaging, transportation,
logistics applications and others. The Asia-Pacific is the fastest growing region
in the thermal printing market on account of increasing adoption of thermal
printers in various end-use industries.
The report on global thermal printing market covers segments
such as printer type, format type, and application. On the basis of printer type, the global
thermal printing market is categorized into kiosk and ticket printers, card
printers, RFID printers, barcode printers, and point of sale (POS) printers. On
the basis of format type the global thermal printing market is categorized into the industrial format, mobile format, and desktop format. On the basis of
application, the global thermal printing market is categorized into
manufacturing and industrial, government, retail, transportation and logistics,
healthcare and hospitality and others.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
thermal printing market such as Epson, Bixolon, Fujitsu, SATO Holdings,
Honeywell, Zebra Technologies, Toshiba TEC, TSC Auto ID, Brother International
and Star Micronics.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global thermal
printing market. Moreover, IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of thermal printing
market. Moreover, the study highlights current market trends and provides
forecast from 2018-2024. We also have highlighted future trends in the thermal
printing market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the thermal printing market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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