Thermal Printing Industry Growth Opportunities in Korea: 2033

A Complete Study of Thermal Printing in Korea from 2023 to 2033

The overall value for the adoption of thermal printing in Korea in 2023 is estimated to be US$ 434.3 million. The demand for thermal printing in Korea is expected to develop at a 4.9% CAGR over the projected period. According to our forecasts, the net revenue generated from sales of thermal printers in the country is likely to reach up to US$ 694.9 million by 2033.

Attributes	Details
Industry size of Korea in 2023	US$ 434.3 million
Expected Industry Size of Korea by 2033	US$ 694.9 million
Forecasted CAGR between 2023 to 2033	4.9%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Key Insights on the Thermal Printing Sector of Korea

Thermal printers can use different colored ribbons to derive appropriate print look and lifespan that make them highly desirable in manufacturing industries of Korea.
In 2018, thermal printer sales in Korea generated around US$ 349.4 million in revenue, with a steady 4% annual increase in thermal printing usage between 2018 and 2022, resulting in a total of US$ 414.5 million in 2022.
Korea has a well-established technology infrastructure and a robust manufacturing ecosystem. This makes it an ideal environment for the growth of the thermal printing industry. Additionally, the country's strategic location in Asia provides access to key markets in the region.

Top Key Trends Influencing Demand for Thermal Printing in Korea

Thermal printing technique provides a diverse selection of label stocks that are reliable even in extreme weather conditions in Korea. Therefore, the increasing volume of packaged consumer products in the country is projected to boost the demand for thermal printing in Korea.
The success of thermal printing in Korea also largely depends on the availability of thermal printable paper in sufficient amounts at an affordable price. Due to recent scientific developments in paper technology, thermal paper companies in Korea are expected to produce goods with significantly better tolerance and longer lifespan.
The retail industry is emerging as the prominent end user of thermal printing in Korea, since POS printers are designed to provide transaction receipts instantaneously. Additionally, thermal printers are more compact than portable desktop computers, which makes them more adaptable and convenient.

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Category-wise insights

Printers with Thermal Transfer (TT) are Selling Higher in Korea

The transfer technology (TT) holds around 46.6% of the total revenue generated in Korea from thermal printer sales in 2023.

Thermal transfer (TT) technology is widely used in the medical field, as thermal printers are often employed to produce large and lengthy prints of electrocardiographs. With spending on projects to establish healthcare infrastructure growing in Korea, this segment is expected to see further growth in the coming days.

Thermal Printing in Korea based on Printing Technology	Thermal Transfer (TT) Technology
Total Share (2023)	46.6%

Barcode Printers Constitute the Leading Printer Type Segment in Korea

Barcode printers segment has been calculated to account for roughly 39% of the total sales in Korea in the year 2023.

The said category of thermal printers commands such a dominant position as the barcode printers are extremely versatile and can print on a wide range of materials. Further innovations to improve the capacity of barcode printers to print on polyesters, PTFE, Tyvek, and so on is anticipated to surge the share of this segment in Korea.

Thermal Printing in Korea based on Printer Type	Barcode Printers
Total Share (2023)	39.0%

Competitive Landscape

Given the existence of several industry players in Korea for the manufacturing of electronic gadgets and computer accessories, the thermal printing sector is highly competitive in the country. The development of new products to integrate mobile barcoding technology and electronic shelf labeling machines could be the key focus for manufacturers in Korea.

Recent Developments in Thermal Printing in Korea

In May 2021, Fujifilm Corporation introduced its new thermal photo printer, the ASK-500, which features an easier supply replacement process compared to its earlier model, the ASK-300. The product also provides more flexibility in print sizes for users and is expected to create new business opportunities in Korea and some other countries.
In May 2023, Domino Printing introduced the Vx Series printers designed for flexible food packaging lines. The new Vx Series printers include two versions of thermal transfer (TTO) coders that can print codes on bottles, films, wrapping paper, sachets, and stick packs. The printer is entirely electric and also reduces ribbon usage by up to 60% due to four print modes, while still providing high quality at up to 300 dpi. The company also claims the printer does not require compressed air, ultimately reducing power consumption and operational expenses.

Key Players for Thermal Printing in Korea

Zebra Technologies Co., Ltd.
Honeywell (formerly Datamax-O'Neil)
Sato Corporation
TSC Auto ID Technology Co., Ltd.
Printronix Co., Ltd.
Fujifilm Co., Ltd.
BIXOLON Co., Ltd.
Postek Electronics Co., Ltd.
Citizen Systems
Epson Korea
Sam4S Korea
Sewoo Electronics Co., Ltd.
Star Micronics Co., Ltd.

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 434.3 million
Projected Industry Size by 2033	US$ 694.9 million
Anticipated CAGR between 2023 to 2033	4.9% CAGR
Historical Analysis of Demand for Thermal Printing in Korea	2018 to 2022
Demand Forecast for Thermal Printing in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Analysis of key factors influencing Thermal Printing in Korea, Insights on Global Players and their Industry Strategy in Korea , Ecosystem Analysis of Local and Korea Providers
Key Companies Profiled	Zebra Technologies Co., Ltd.; Honeywell (formerly Datamax-O'Neil); Sato Corporation; TSC Auto ID Technology Co., Ltd.; Printronix Co., Ltd.; Fujifilm Co., Ltd; BIXOLON Co., Ltd.; Postek Electronics Co., Ltd.; Citizen Systems; Epson Korea; Sam4S Korea; Sewoo Electronics Co., Ltd.; Star Micronics Co., Ltd.
Key Provinces Analyzed while Studying Opportunities in Thermal Printing in Korea	South Gyeongsang, North Jeolla, South Jeolla, Jeju

Key Segments Covered in Korea Thermal Printing Industry Survey

By Printer Type:

Barcode Printer
POS Printer
Kiosk & Ticket Printer
RFID Printer
Card Printer

By Printing Technology:

Direct Thermal
Thermal Transfer
Dye Diffusion Thermal Transfer

By End Use Industry:

Retail & Wholesale
Transportation & Logistics
Healthcare
Travel & Hospitality
Media & Entertainment
Manufacturing
Government
Other End Use Industries

By Key City/Province:

South Gyeongsang
North Jeolla
South Jeolla
Jeju
Rest of Korea

Frequently Asked Questions

What is the Projected Growth Rate for the Thermal Printing Adoption in Korea?

The anticipated CAGR for the thermal printing industry in Korea through 2033 is 4.9%.

How big will the Thermal Printing Business in Korea?

Thermal printing business industry size in Korea is likely to be around US$ 694.9 million by 2033.

What is the Key Strategy of Thermal Printing Companies in Korea?

Thermal printing companies are targeting retail sector to boost sales.

Which is the Leading Thermal Printing Technology Type Segment in Korea?

Thermal transfer technology accounts for 46.6% revenue share in Korea in 2023.

Which Thermal Printer Product Type has Higher Adoption in Korea?

Adoption of barcode thermal printers currently garners 39.0% of total sales in Korea.

Table of Content

1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity /p>
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Printer Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Printer Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Printer Type, 2023 to 2033
5.3.1. Barcode Printers
5.3.2. POS Printer
5.3.3. Kiosk & Ticket Printer
5.3.4. RFID Printers
5.3.5. Card Printers
5.4. Y-o-Y Growth Trend Analysis By Printer Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Printer Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Printing Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Printing Technology, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Printing Technology, 2023 to 2033
6.3.1. Direct Thermal (DT)
6.3.2. Thermal Transfer (TT)
6.3.3. Dye Diffusion Thermal Transfer (D2T2)
6.4. Y-o-Y Growth Trend Analysis By Printing Technology, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Printing Technology, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Format Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Format Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Format Type, 2023 to 2033
7.3.1. Industrial
7.3.2. Desktop
7.3.3. Mobile
7.4. Y-o-Y Growth Trend Analysis By Format Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Format Type, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Industry
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Industry, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Industry, 2023 to 2033
8.3.1. Retail & Wholesale
8.3.2. Transportation & Logistics
8.3.3. Healthcare
8.3.4. Travel and Hospitality
8.3.5. Media & Entertainment
8.3.6. Manufacturing
8.3.7. Government
8.3.8. Others
8.4. Y-o-Y Growth Trend Analysis By Industry, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Industry, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Printer Type
10.2.2. By Printing Technology
10.2.3. By Format Type
10.2.4. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Printer Type
10.3.2. By Printing Technology
10.3.3. By Format Type
10.3.4. By Industry
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Printer Type
11.2.2. By Printing Technology
11.2.3. By Format Type
11.2.4. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Printer Type
11.3.2. By Printing Technology
11.3.3. By Format Type
11.3.4. By Industry
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Printer Type
12.2.2. By Printing Technology
12.2.3. By Format Type
12.2.4. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Printer Type
12.3.2. By Printing Technology
12.3.3. By Format Type
12.3.4. By Industry
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Printer Type
13.2.2. By Printing Technology
13.2.3. By Format Type
13.2.4. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Printer Type
13.3.2. By Printing Technology
13.3.3. By Format Type
13.3.4. By Industry
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Printer Type
14.2.2. By Printing Technology
14.2.3. By Format Type
14.2.4. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Printer Type
14.3.2. By Printing Technology
14.3.3. By Format Type
14.3.4. By Industry
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Printer Type
15.3.3. By Printing Technology
15.3.4. By Format Type
15.3.5. By Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Mechatro, Inc
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Hwasung System
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. J Stephen Lab Ltd
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Durico C And T Inc.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. NCR Corporation
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Honeywell International Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Zebra Technologies Corporation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Fujitsu Limited
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. HP Development Company, L.P.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Toshiba Tec Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. Brother Industries, Ltd.
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
16.1.12. Star Micronics Co., Ltd.
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
16.1.12.5.2. Product Strategy
16.1.12.5.3. Channel Strategy
16.1.13. NEC Corporation
16.1.13.1. Overview
16.1.13.2. Product Portfolio
16.1.13.3. Profitability by Market Segments
16.1.13.4. Sales Footprint
16.1.13.5. Strategy Overview
16.1.13.5.1. Marketing Strategy
16.1.13.5.2. Product Strategy
16.1.13.5.3. Channel Strategy
16.1.14. Advantech Co., Ltd.
16.1.14.1. Overview
16.1.14.2. Product Portfolio
16.1.14.3. Profitability by Market Segments
16.1.14.4. Sales Footprint
16.1.14.5. Strategy Overview
16.1.14.5.1. Marketing Strategy
16.1.14.5.2. Product Strategy
16.1.14.5.3. Channel Strategy
16.1.15. SATO HOLDINGS CORPORATION
16.1.15.1. Overview
16.1.15.2. Product Portfolio
16.1.15.3. Profitability by Market Segments
16.1.15.4. Sales Footprint
16.1.15.5. Strategy Overview
16.1.15.5.1. Marketing Strategy
16.1.15.5.2. Product Strategy
16.1.15.5.3. Channel Strategy
16.1.16. BIXOLON CO., LTD.
16.1.16.1. Overview
16.1.16.2. Product Portfolio
16.1.16.3. Profitability by Market Segments
16.1.16.4. Sales Footprint
16.1.16.5. Strategy Overview
16.1.16.5.1. Marketing Strategy
16.1.16.5.2. Product Strategy
16.1.16.5.3. Channel Strategy
16.1.17. TSC Auto ID Technology Co. Ltd.
16.1.17.1. Overview
16.1.17.2. Product Portfolio
16.1.17.3. Profitability by Market Segments
16.1.17.4. Sales Footprint
16.1.17.5. Strategy Overview
16.1.17.5.1. Marketing Strategy
16.1.17.5.2. Product Strategy
16.1.17.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology

Thermal Printing Industry Analysis in Korea

Demand Forecast for Thermal Printing in Korea, by Barcode and POS Printer Type, 2023 to 2033