Thermal Printing Market Research Report

Electronics / Thermal Printing Market / By /

Thermal Printing Market:

The GMI Research’s latest analysis reveals that the Thermal Printing Market is slated to register a significant CAGR over the forecast period. This is attributed to the rapid technological advancements, such as smart printing technologies, which improve speed & quality, followed by the growing implantation of wireless technologies in mobile printers.

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Thermal Printing Market’s leading Manufacturers:

  • Honeywell International Inc.
  • Zebra Technologies
  • Star Micronics Co., Ltd.
  • Sato Holdings Corporation
  • Seiko Epson Corporation
  • Fujitsu Ltd.
  • Bixolon
  • Toshiba TEC Corporation
  • Brother Industries, Ltd.
  • TSC Auto ID Technology

Thermal Printing Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The rapid technological advancements, such as smart printing technologies, which is improving speed & quality, followed by the growing implantation of wireless technologies in mobile printers, are the key drivers responsible for the growth of the thermal printing market size. Moreover, the strong adoption of thermal printing across various applications like retail and healthcare & the hospitality sector, the increasing population and industrialization, coupled with the rising penetration of thermal barcode & RFID printers in the supply chain and e-commerce sector, will bring lucrative growth opportunities in the market.

The thermal printing technology provides exceptional benefits, including better image quality and ease to use, improved printing speed, suitable for the noise-free environment, increased efficiency, and enhanced durability compared to other printers. The emergence of IoT technology in printing applications and the high adoption of automatic identification and data capture technologies will further stimulate the growth of the market. On the other hand, the challenge faced associated with the heat setting of thermal barcode printers and strict regulations of printing will hamper the growth of the thermal printing market share in terms of revenue.

Application Segment Drivers

Based on the application, healthcare & hospitality is anticipated to grow at a higher CAGR over the coming years due to the rising use of thermal printing in this application. The issue faced by the healthcare facilities in rapidly replacing and maintaining the expensive equipment is increasing the adoption of inexpensive thermal printers as they aid in offsetting these coats. The capability of thermal printers to print labels and tags, which are suitable for numerous healthcare processes and allows the sector to improve bed utilization and patient flow, will further energize the growth of the market.

Regional Drivers

Based on the region, North America is predicted to increase at a higher CAGR over the coming years due to the strong adoption of thermal printing across various application areas, such as retail, healthcare & hospitality, and other industries. Additionally, the wide presence of different manufacturing organizations will further fuel the growth of the market.

Thermal Printing Market Segmentation:

Segmentation by Offering:

  • Supplies
    • Thermal Transfer Supplies
    • Direct Thermal Supplies
    • Dye Diffusion Thermal Transfer Supplies
  • Printers
    • Components of Thermal Printers
      • Platens
      • Thermal heads
      • Springs
      • Controller boards

Segmentation by Printer Type:

  • POS Printers
  • Barcode Printers
  • RFID Printers
  • Kiosk & Ticket Printers
  • Card Printers

Segmentation by Format Type:

  • Desktop Format Printers
  • Industrial Format Printers
  • Mobile Format Printers

Segmentation by Printing Technology:

  • Thermal Transfer
  • Direct Thermal
  • Dye Diffusion Thermal Transfer

Segmentation by Application:

  • Transportation & Logistics
  • Retail
  • Manufacturing & Industrial
  • Government
  • Healthcare & Hospitality
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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