Growth opportunities in the thermal printing market look promising over the next six years. This is mainly due to the rising technological advancements, which include smart printing technologies leading to enhanced speed & quality, increasing adoption of thermal printing across several applications like the retail and healthcare sector, and rising population.
Thermal Printing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The surging technological developments that incorporate smart printing technologies, resulting in improved quality & speed, coupled with the growing wireless technology implantation in mobile printers, are the prominent drivers strengthening the growth of the global thermal printing market. Also, the augmenting acquisition of thermal printing across various applications such as hospitality & healthcare and retail sector, the expanding industrialization and population, and the accelerating penetration of RFID printers & thermal barcode in the e-commerce industry and supply chain is anticipated to create enormous growth opportunities in the market.
The exceptional benefits offered by the thermal printing technologies include improved efficiency, raise image quality, enhanced printing speed, appropriate for a noise-free environment, ease to use, and intensified durability than other printers. The emergence of IoT technology accompanied by the expanding adoption of data capture technologies and automatic identification will fuel the market growth in the near future. However, strict norms against printing and heat setting of thermal barcode printers may curb the thermal printing market size.
Printer Type Segment Drivers
Based on the printer type, Barcode Printers are projected to witness a higher CAGR over the forecast period due to the large adoption of such printers across different application areas led by their high-speed, enhanced-performance delivery, and cost-effective properties. Moreover, the growing usage of barcode printers in all types of businesses and the retail sector, as it allows the businesses to track and label the products to be shipped, will further bolster this segment’s growth.
Regional Drivers
On the basis of regional coverage, North America is predicted to expand at a faster CAGR during the forecast period. This is mainly because of the augmented adoption of thermal printing across various sectors, including retail, healthcare & hospitality, and other sectors. Furthermore, the presence of various manufacturing leaders also contributes to the thermal printing market growth.
Thermal Printing Market’s Leading Manufacturers:
- TSC Auto ID Technology
- Toshiba TEC Corporation
- Fujitsu Ltd.
- Sato Holdings Corporation
- Zebra Technologies
- Brother Industries, Ltd.
- Bixolon
- Seiko Epson Corporation
- Star Micronics Co., Ltd.
- Honeywell International Inc.
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 Application:
- Transportation & Logistics
- Retail
- Manufacturing & Industrial
- Government
- Healthcare & Hospitality
- Others
Segmentation by Printing Technology:
- Thermal Transfer
- Direct Thermal
- Dye Diffusion Thermal Transfer
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)
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