Market Introduction
Retail printers and consumables offer lucrative opportunities in organisations and commercial sectors for packaging and textiles. Usage of digital printing technology is expected to surge with the growing packaging industry, IT sector. Prominent players in the sector are Xerox Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG &Co. KGaA, H.P. Development Co., Saati S.P.A, Nazdar Ink Technologies, Canon Inc., DIC Corporation, Eastman Kodak Co., Marabu GmbH, etc. These manufacturers are focussing on researches and innovations for providing the customer friendly and less time consuming products.
SATO Europe has launched a new consumables program recently in March 2021. The European consumables program is organised for providing extra benefits to customers. The main focus of the program is on streamlining labelling processes for reducing cost and downtime in operations. The program is an industry leading solution to modern day labelling problems. SATO portfolio provides users with added value and help in optimising their labelling processes.
Marabu North America in September 2020 has announced the release of anti-graffiti liquid laminate which provides the ultimate print protection for signage. ClearSheild Professional Anti-Graffiti is an easy-to-use two part water based liquid laminated as a protective clear coat for digital prints and signage. The surface is coated with acetone, paint thinner and other aggressive chemicals. The two part system is designed to roll or spray which is applied to UV, latex, and eco solvent prints.
Xerox in February 2021 announced regarding their three new businesses in software, financing and innovation for delivering long term growth. The company aims to expand their offerings to new clients. Xerox Financial Services is going to lead Xerox’s financing services and is aimed to become a global payment solution business for expanding their customer base. The company is planning to create cross-selling opportunities supporting small and medium sized businesses. The new software business include CareAR as well as DocuShare, a cloud based content management system and FreeFlow automation software for production print.
Retail printers are electronic devices designed specifically for printing of labels and receipts and used within the retail space. A retail printer uses ribbons and labels working in tandem to get an image printed. The consumables used with retail printers are labels, ribbons and paper. Ribbons and labels are used in conjunction with label printers utilized exclusively to generate labels while paper is utilized usually to generate receipts at the POS stations.
The Global Retail Printers and consumables market is projected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value over the forecast period of 2017 to 2027 primarily driven owing to increasing application in end-use industry.
Market Dynamics
Increasing adoption of labeling in warehousing and online stores along with implementation of labeling in business to maintain the assets expected to drive the market over the forecast period. In the manufacturing sector, the trend of labeling intermediate product as well as the final product with labels in order to reduce chaos in the production line thus improving manufacturing efficiency is expected to drive the sales of retail printers throughout the forecast period.
Retail printers and consumables are extensively used in supermarket for various applications. Moreover, supermarkets in current scenario are expected to have a healthy future, thus supporting the growth of the global market.
Retail printers are increasingly used in the retail sector and manufacturing industries as they have become the benchmark for labeling and storing the information of a particular product. Retail printers do not have the capability to store or process information, hence they need separate computer systems to store and process the information that may challenge the growth of the market. Hence original equipment manufacturers (OEMs) are focusing on manufacturing and marketing retail printers that can function as both printer and computer, negating the need for a separate system.
Key Highlights
Mobile printers to cement their dominance in the global market
The printer type segment of the retail printers market includes Desktop Retail Printer, Industrial Retail Printer, Mobile Retail Printer and Others. The Mobile Retail Printer segment is expected to hold the highest market share of 39.4% closely followed by Industrial Retail Printer at 33.9% in Retail Printers and Consumables Market by the end of 2017. The Mobile Retail Printer segment is expected to dominate the market during the forecast period with a high CAGR of 5.6%.
Paper printer segment to be a favorite technology in the coming years
On the basis of printing technology, the market has been divided into Paper printing and Label printing segments. They are further segmented into Thermal Transfer, Direct Thermal, Inkjet and Laser. The most preferred and dominant product type in the current scenario is the paper printer segment, which will remain in that position in the upcoming years. Inkjet and laser printing technology will be the least attractive of all the segments owing to high cost and slow operation than the thermal segment.
North America to be a lucrative region; APEJ to also show high potential
North America and APEJ are the most promising regions for growth of the global retail printers market. Increasing penetration of Chinese vendors owing to low prices is expected to drive the retail printers and consumables market in APEJ. The potential of the market in Eastern Europe and Latin America region is expected to be on the slower side from all the others region due to inadequate supply chain and lack of dedicated manufacturers.
The retail printers and consumables market in the North America region is expected to show a high CAGR of 5.3% during the forecast period and is estimated to reach a valuation of US$ 4513.0 Mn by 2027 end.
Asia Pacific excluding Japan region (APEJ) also shows high potential owing to increasing number of players investing in this region owing to low cost, availability of labor and increasing number of supermarkets in this region. The retail printers and consumables market in the APEJ region is poised to grow at 5.1% CAGR to reflect a high valuation of about US$ 4.2 Bn by end of 2027.
Key Segments Covered
The retail printers market is segmented as given below:
By Printer Type
- Desktop Printer
- Industrial Printer
- Mobile Printer
- Others
By Printing Technology
- Label Printer
- Thermal Transfer
- Direct Thermal
- Inkjet
- Laser
- Paper Printer
- Thermal Transfer
- Direct Thermal
- Impact
- Inkjet
By Application
- Departmental Stores
- Warehouse Retailers
- Mom & Pop Stores
- E-Commerce
- Supermarkets
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excl. Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
The retail consumables market is segmented as given below:
By Type
- Labels
- Ribbons
- Paper
By Application
- Departmental Stores
- Warehouse Retailers
- Mom & Pop Stores
- E-Commerce
- Supermarkets
- Others
By region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excl. Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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