Industrial Format Printers Expected to Hold Largest Share of Thermal Printer Market between 2017-2023

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MarketsandMarkets Presents

Industrial Format Printers Expected to Hold
Largest Share of Thermal Printer Market between
2017-2023 Thermal Printing Market by Offering
(Printer, Supplies), Printer Type (Barcode, POS,
Kiosk Ticket, RFID, and Card), Format Type
(Industrial, Desktop, Mobile), Printing
Technology (DT, TT, D2T2), Application and
Geography - Global Forecast to 2023
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According to the new market research report
"Thermal Printing Market by Offering (Printer,
Supplies), Printer Type (Barcode, POS, Kiosk
Ticket, RFID, and Card), Format Type (Industrial,
Desktop, Mobile), Printing Technology (DT, TT,
D2T2), Application and Geography - Global
Forecast to 2023", The thermal printing market is
expected to be valued at USD 37.66 Billion in
2017 to reach USD 50.45 Billion by 2023, at a
CAGR of 5.00 between 2017 and 2023. The
adoption of automatic identification and data
capture (AIDC) technologies for productivity
improvement, growing concerns about product
safety and anti-counterfeiting, use of thermal
printers in on-demand printing applications,
increasing adoption of wireless technologies in
mobile printers, and growth of the e-commerce
industry are the driver of the growth of the
thermal printing market worldwide. Browse 65
Market Data Tables and 62 Figures spread
through 178 Pages and in-depth TOC on "Thermal
Printing Market - Global Forecast to 2023"
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Supplies to hold a major share of thermal
printing market during forecast period The
supplies segment is expected to hold the major
share of the thermal printing market based on
offering between 2017 and 2023. The overall
thermal printing market based on offering is
segmented in printer hardware and supplies.
Supplies hold a larger share of the overall
market owing to its dominant use in thermal
printing. A lifetime of almost every printer
involves the use of numerous supplies, which is
leading to the rapid upsurge in the demand for
supplies. Ask PDF Brochure https//www.marketsan
dmarkets.com/pdfdownloadNew.asp?id4699565 Barcod
e printers to hold largest share of thermal
printer market during forecast period Barcode
printer is expected to hold the largest share of
the thermal printer market between 2017 and 2023.
Thermal barcode printers are extensively used in
small, medium, and large businesses to label and,
subsequently, track the products to be shipped.
Application of barcode printers in the retail
sector increases efficiency, boosts employee
productivity, widens profit margins by lowering
costs, and helps deliver a top-notch customer
service.
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Thermal printer market for mobile format to grow
at highest CAGR between 2017 and 2023 Mobile
format thermal printers are light in weight, easy
to use, and durable, and deliver rich print
quality. These printers are used in various
applications such as hospitality, healthcare, and
retail. Mobile printers have an ability to
receive a command from mobile, smartphones, and
tablets, either through connecting cables or
wireless connection enabled by short-range
Bluetooth technology. The demand for mobile
thermal printers is increasing rapidly as these
printers are used for printing labels, tickets,
and receipts in many markets, such as
hospitality, retail, and healthcare, owing to
their several benefits such as the ability to
connect to wireless networks and print materials
on the spot. Retail held largest share of the
thermal printing market in 2016 The demand for
thermal printers is increasing in the retail
sector as there is a growing need for maintaining
data by tracking inventory through the barcode
and RFID tags. Thermal printers are used to print
these tags at significantly low costs. Also,
these printers print rugged and reliable labels,
which can withstand all challenging conditions
such as abrasion, moisture, and extreme
temperature. Moreover, the inclination of the
companies toward retailing and growth potential
of e-commerce business are further expected to
fuel the thermal printing market.
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North America held largest share of thermal
printing market in 2016 Retail applications, such
as smart packaging, inventory management, and
warehousing, along with transportation and
logistics applications drive the thermal printing
market in North America. These applications
require barcode, and RFID labels and tags for
tracking all the data of a particular asset.
Owing to this, the demand for RFID, barcode, and
POS thermal printers is increasing rapidly in
North America. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id4699565 Also, the presence of
significant players such as Zebra Technologies
(US), Honeywell International (US), Avery
Dennison (US), and Wasp Barcode Technologies
(US), serving the retail, and transportation and
logistics industries, is expected to further
boost the thermal printing market in North
America.
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