Strong growth for mobile printer market
BUSINESS
By BiztechAfrica – March 4, 2014, 11:38 a.m.
The global mobile/portable printer market will reach USD11.87 billion by 2018, says TechSci Research.
Over the years, traditional printers have dominated the global IT infrastructure market. Due to ongoing enterprise developments such as rise in mobile workforce, integration of printers through wireless technologies and cloud computing, and high demand for compact printers, the demand for mobile/portable printers continues to increase, globally.
The global mobile/portable printers market is highly dominated by the retail sector, followed by transportation & transit, and hospitality sectors. In the retail sector, mobile/portable printers market is driven majorly by emerging online retailing, facilitating business proprietors to track sales, cash flow and information on stock keeping. Other major contributors to mobile/portable printers market include global air travel and railway equipment and supply industries. Portable printers supplied to air travel and railway sectors are predominantly used for issuing tickets.
According to the recently published report by TechSci Research “Global Mobile/portable Printers Market Forecast & Opportunities, 2018”, the global mobile/portable printers market is projected to reach USD11.87 billion by 2018. Asia-Pacific is the leading revenue generating region for the global mobile/portable printers market, wherein Japan, China and Korea are the key contributors. During 2009-12, North American and European countries, witnessed tepid growth in mobile/portable printers market, primarily due to global economic slowdown. In the Middle East and Africa, Turkey, Saudi Arabia, UAE, South Africa and Morocco offer the highest growth potential.
Major players in the global mobile / portable printers market include Seiko Epson, Toshiba TEC, Zebra Technologies, Brother Industries and Citizen Holdings. As an extension to their global strategy, some multinational brands such as LG, Ricoh Imaging, Polaroid and Canon are planning to introduce receipt and barcode label printers.
“Amongst all the printing technologies, the thermal based mobile/portable printers segment accounts for a major pie of the global market share in revenue terms, with the segment expected to maintain its dominance in the coming years. Thermal mobile/portable printers don’t use ribbon or cartridges to print, they employ a special type of thermal paper for printing. As a result, they reduce the replacement or refilling cost that a user has to bear in case of traditional printers,” said Karan Chechi, Research Director with TechSci Research.
