Thermal Printing Market Size to Surpass US$ 20 Bn in 2029
Preferred for their economical nature and high-speed printing capabilities, especially in retail, transportation, and logistical applications, thermal printers continue to gather wide acceptance. Rising demand for advanced printing solutions to enhance product identification & inventory, and avoid costly errors are further leading to healthy sales expansion of thermal printers. As suggested by this new report, the global thermal printing market will generate revenues of around US$ 20 Bn in 2029.
Frequently asked questions about thermal printing market
What will be the global market value of thermal printing technology by the end of 2029?
By the end of 2029, the global thermal printing market will represent revenues worth US$ 20 Bn. The growth is significantly attributed to strong distribution networks of manufacturers, rapid industrialization of emerging regional economies, and expansion of the retail industry.
Which technological development is influencing the demand for thermal printers?
Introduction of smart printing technologies is augmenting the demand growth of thermal printers. These printers provide spot billing with instant invoice generation and real-time verification solutions to end-use applications.
Which printer is gaining significant traction in thermal printing market?
Barcode printers hold a leading share of the thermal printing market due to high speed, high-performance delivery, and cost-effective attribute. Thermal barcode printers are witnessing high demand from businesses to label and track the products to be shipped.
Which would be the key beneficiaries of accelerating thermal printer sales?
Retail and wholesale industry is reaping immense benefits from the going demand for thermal printers. Moreover, the demand for the printer is also expected to thrive in the travel, entertainment, and hospitality industries over the forecast period (2019 – 2029).
Which region is at the forefront of demand for thermal printers?
Asia Pacific excluding Japan is poised to be the leading thermal printing market over the next decade. In terms of technological adaptability and market size, mainly China and India are likely to lead the market through 2029. The Middle East and Africa’s thermal printing market will also emerge lucrative due to the presence of retailers providing barcode and RFID printers to several other industries.
RFID Printers Emerging Lucrative in Market
Barcode printers continue to account for higher demand as compared to other thermal printers such as point-of-sale (POS) printers and kiosk & ticket printers which hold relatively lesser market share. As about 2/5th of total sales of thermal printing solutions is accounted by barcode printers, keep a constant eye on this category. Considering the rising inclination towards data capture technologies and automatic identification to boost productivity, Radio-frequency identification (RFID) printers are also seeing an increasing share in market players’ bottom lines. Further, RFID printers will outpace kiosk & ticket printers in terms of value towards the end of the projection period.
APAC Leading, with High Demand from Retail and E-commerce
On the back of burgeoning retail and e-commerce ecosystem in the region, Asia Pacific (APAC) will continue to lead the pack in the global thermal printing during 2019-2029. Presence of established manufacturers including Brother Industries Ltd., and Toshiba Tec Corporation, again works in the favor of the market growth in APAC. Japan, China, and India are the key countries supporting the regional market growth owing to large-scale adoption of industrial automation. Moreover, easy availability of cheap labor and raw materials is fetching noteworthy investments from stakeholders.
Adding Portable Thermal Printers in Pipeline
In order to gain an edge over their counterparts, market players must focus on expanding mobile and portable thermal printing iterations. As demands such as media flexibility, high print quality output, durability, and low-maintenance requirement, top the list of industrial runners globally, developing thermal printer with portability feature will surely be a win-win situation. Furthermore, integrating thermal printing solutions with enhanced user interface, and advanced wireless security aspects will also be a key differentiating strategy.
Barcode printer hold nearly 2/5th of total sales
Preference for RFID printer on rise
Industrial for accounts for nearly 50% of total demand
Demand for mobile to soar at robust pace
Demand from retail & wholesale vertical prominent
Use in travel, entertainment, & hospitality growing
How Growth will Unfold
Market players will reap maximum profits through the retail & wholesale industry owing to fast-paced adoption of barcodes, POS, and card printers to provide transaction receipts and track orders using thermally-printed barcode labels. While the retail & wholesale industry continues to capture about a third revenue share of the global market, prominent players are exploring untapped sales potential and opportunities in other industrial areas such as transportation & logistics and travel, entertainment, and hospitality.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Thermal Printing Market Analysis 2019-2029
A recent market report published by FMI on the thermal printing market includes a global industry analysis for 2014-2018 and an opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters, growth prospects of this market are obtained with maximum precision.
Thermal Printing Market Taxonomy
The global thermal printing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
- Barcode Printers
- POS Printers
- Kiosk & Ticket Printers
- RFID Printers
- Card Printers
- Retail & Wholesale
- Transportation & Logistics
- Travel, Entertainment, and Hospitality
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East & Africa
The report begins with the executive summary of the thermal printing market, which includes a summary of key findings and statistics of the market. It also includes demand and supply-side trends pertaining to this market.
Readers can find the definition and a detailed taxonomy of the thermal printing market in this chapter, which will help them to understand basic information about the market. Along with this, comprehensive information pertaining to thermal printing and its properties is provided in this section. This section also highlights the inclusions and exclusions, which helps readers to understand the scope of the thermal printing market report.
The thermal printing market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are also provided in this section.
This section includes key success factors and strategies adopted by key market participants.
This section explains the value analysis for the global thermal printing market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical thermal printing market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and incremental $ opportunity for the forecast period (2019–2029).
This chapter explains the key macroeconomic factors that are expected to influence growth of the thermal printing market over the forecast period. Along with macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis of the thermal printing market. Moreover, in-depth information about market dynamics and their impact analysis on the market have been provided in the successive section.
Based on printer type, the thermal printing market is segmented into barcode printer, POS printers, kiosk & ticket printers, RFID printers, and card printers. In this chapter, readers can find information about key trends and developments in the thermal printing market and market attractiveness analysis on the basis of printer type.
Based on format type, the thermal printing market is segmented into industrial, desktop, and mobile. In this chapter, readers can find information about developments and market attractiveness, based on format type.
Based on vertical, the thermal printing market is segmented into retail & wholesale, transportation & logistics, healthcare, travel, entertainment, & hospitality, manufacturing, government, and others. In this chapter, readers can find information about developments, key trends, and market attractiveness analysis based on vertical.
This chapter explains how the thermal printing market is anticipated to grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia-Pacific excluding Japan), Japan, and the Middle East & Africa.
This chapter includes a detailed analysis on the growth of the North America thermal printing market, along with a country-wise assessment including the U.S. and Canada. Readers can also find pricing analysis, regional trends, volume analysis, and market growth based on printer type, format type, vertical, and countries in North America.
This chapter provides the growth scenario of the thermal printing market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the thermal printing market in several countries such as Germany, the U.K., France, Spain, Italy, BENELUX, and the Rest of Western Europe are included in this chapter.
This chapter provides the growth scenario of the thermal printing market in Eastern Europe countries such as Russia, Poland, and the Rest of the Eastern Europe.
This chapter highlights the growth of the thermal printing market in APEJ by focusing on China, Australia & New Zealand, India, South Korea, ASEAN, and the Rest of APEJ. This section also helps readers understand key factors responsible for the growth of the thermal printing market in APEJ.
This section helps readers understand key factors that are responsible for the growth of the thermal printing market in Japan.
This chapter provides information about how the thermal printing market is anticipated to grow in major countries in the Middle East & Africa region, such as GCC Countries, Turkey, Northern Africa, South Africa, and the Rest of Middle East & Africa, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the thermal printing market, along with their market presence analysis by region and product portfolios.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the thermal printing market, along with detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent developments. Some of the market players featured in the report are Honeywell International, Inc., Toshiba Tec Corporation, Fujistu, HP Development Company, L.P., Zebra Technologies Corp., Seiko Epson Corporation, Brother Industries, Ltd., NCR Corporation, Star Micronics Co., Ltd., and SATO HOLDINGS CORPORATION.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the thermal printing market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the thermal printing market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Sales Executives
- Technical Advisors
- Thermal printing Solution Providers
- Industry Experts
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and Long term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Company White Papers
- Annual Reports and Investor Presentations
- Research Papers
- Company Press Releases
- Government Websites and Publications
Primary Interview Splits