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Thermal Printing Market (Printer Type - Kiosk and Ticket Printers, Card Printers, RFID Printers, Barcode Printers, and Point of Sale (POS) Printers; Format Type - Industrial Format, Mobile Format, and Desktop Format; Application - Manufacturing and Industrial, Government, Retail, Transportation and Logistics, Healthcare and Hospitality, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024

  • Published : July, 2018

  • Rep Id : ICT00183

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Thermal Printing Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Thermal Printing Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Thermal Printing Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

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.


Thermal Printing Market

 

Market Insight

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.

 

Segment Covered

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.

 

Geographic Coverage

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.

 

Companies Profiled:

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.

 

Report Highlights:

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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