Laser Printer Market Size – By Type, By Output Type, By Connectivity, By Print Speed, By Price, By End Use, By Distribution Channel, Growth Forecast, 2025 – 2034

Laser Printer Market Size

The global laser printer market was estimated at USD 2.3 billion in 2024. The market is expected to grow from USD 2.4 billion in 2025 to USD 4.1 billion in 2034, at a CAGR of 5.9%.
 

• The laser printing market is expanding and is driven by digital transformation, business and institutional requirements, and growth in remote work and cloud computing. The digital business transformation process is one of the main drivers of growth. While digital processes have dominated most industries, finance, healthcare, legal, and education still require high-performance printing for critical documentation. Companies like Canon and HP have reacted by bringing high-performance laser printers onto the market that offer speed, print quality, and durability, allowing for the co-existence of digital and paper processes.
   
• Furthermore, institutional and business buyer’s schools, government departments, and large firms comprise a large share of demand in the market. These organizations require high-volume, heavy-duty printers that can economically and efficiently handle large print jobs. Laser printers and, particularly, multifunction printers, which can print, scan, copy, and sometimes fax, are becoming more popular in these institutions, because of their consistent and flexible use.
   
• This is complemented by the increasing shift towards remote and hybrid work, which has changed the game for office equipment. The market for wireless and cloud-based printers has grown as employees need the ability to print documents from anywhere, virtually. New laser printers come with advanced connectivity options that seamlessly work on cloud platforms, mobile devices, and remote networks. This provides hassle-free productivity without a centralized office set-up.
   
• The laser printer market was valued at USD 2 billion in 2021 and grew at a CAGR of approximately 4.9% through 2024. This growth reflects the laser printer's ability to remain relevant amid digitalization, showcasing how relevant this market still is to healthcare, education, finance, and government institutions that require secure printouts of high-quality documentation. Through a blend of economic conditions, hybrid working situations, increased printing intended for institutional needs, and increased adoption of multifunction devices, there is momentum in this market despite a shift towards paperless workflow.
   
• Asia Pacific leads the market, supported by fast-paced industrialization, increasing SME sectors, and demand from education and government institutions. The region benefits from the commercial manufacturing, particularly in China, Japan, and India, as leading markets with manufacturers such as Canon, Epson, etc. among the local players facilitating innovation and production. In December of 2024, Xerox made headlines with a USD 1.5 billion acquisition of Lexmark to strengthen its A4 color printer portfolio and expand its services in the Asia-Pacific region.
   
• North America is the fastest-growing region, supported by the adoption of hybrid and remote work models, which are accelerating demand for cloud-enabled and wireless printing solutions, institutional spending from schools, government agencies, and enterprises. Technological advancements and infrastructure upgrades to offices also drive demand for the market.
   

Laser Printer Market Trends

• The convergence of leading-edge technologies such as wireless connectivity, cloud printing, AI, and automation is making laser printers smarter, networked, and more intelligent devices. Such capabilities not only increase convenience and flexibility especially in hybrid and remote offices, but also predictive maintenance and overall productivity through AI-based analytics and IoT connectivity. This trend gained visibility during 2020, driven by increased adoption of IoT in enterprises and is expected to peak around 2027. 
   
• Product innovation is accelerating, with leading vendors such as HP launching sophisticated color laser printers with improved output sharpness, speed, and multifunctional capabilities. Such technologies are making laser printers attractive to a broader set of users, such as SMBs and home office users, who require compact, high-performance devices. This trend gained momentum during 2020, driven by remote work and high-quality printing in home offices. This trend will shape the market approximately by 2026.
   
• Sustainability is now a key consideration for consumers and businesses, both seeking energy-efficient and green models. The industry is making progress in addressing waste of printer materials, recyclable materials, and energy reductions, following the growing awareness of sustainability and the environment by consumers.
  These trends together reveal an intelligent market that is user-informed and environmentally conscious. Kyocera introduced ECOSYS printers, which are made to reduce waste through longer life parts and reduce energy consumption. This trend emerged in 2018 and peaked in 2022, driven by government regulations and consumer environmental awareness. This is expected to grow through 2026 globally.
   
• The traditional 2D printing market is merging with additive manufacturing and 3D printing technologies to create hybrid solutions with the ability to combine traditional document printing with rapid prototyping and small-scale manufacturing capabilities. Large printer vendors are seeking engineering combining platforms with both traditional printing and additive manufacturing. This trend emerged during 2017, accelerated through 2022, and will gain momentum around 2028.
   

Laser Printer Market Analysis

Based on the type, the market is divided into single-function and multi-function. The multi-function segment dominated the market, accounting for around 68% in 2024 and is expected to grow at a CAGR of over 6.1% through 2034.
 

• Multifunction laser printers (MFPs) are quickly dominating the market due to their strong ability to save costs, enhance efficiency, and enhance productivity. Device consolidation cost savings are one of the key benefits. With the consolidation of printing, scanning, copying, and faxing into a single device, organizations are able to significantly reduce their operating and capital expenses. This consolidation reduces the use of single consumables, lowers power consumption, and streamlines purchasing and maintenance, thus making MFPs a cost-saving investment for organizations of any size.
   
• Another important advantage is space optimization, particularly valuable in the modern office where space must be utilized to the fullest. A multifunction printer does away with the use of more than one device, freeing up space for other important workspaces and contributing towards having a cleaner and more efficient office.
   
• Single-function segment accounts for 31% and grows at 5.6% CAGR, reflecting demand from users prioritizing simplicity and affordability for those who do not need multifunctional printers.
   

Based on end users, the laser printer market is segmented into individual and commercial. In 2024, the commercial segment dominates the market with 91% market share in 2024, and the segment is expected to grow at a CAGR of over 6% from 2025 to 2034.
 

• Commercial enterprises, corporate offices, government offices, healthcare and education need fast, reliable and durable printing solutions capable of producing large workloads on a daily basis. Laser printers, especially multifunction models, are constructed for speed of production and good quality to meet professional output specifications. For companies where speed and uptime are essential, multifunction laser printers are the perfect solution.
   
• The critical reason for the high demand in the commercial market is the need to save money and stay efficient over time. Although laser printers can have higher initial costs to buy than inkjet printers, the running costs are much lower over time. Laser printers print more pages per toner, have less maintenance, and the cost per page is less. When a company produces a lot of print every day, these factors create savings and productivity. That is why many commercial office machines are laser printers. They have predictable output, low running costs, and are more reliable than inkjet printers, enabling several employees in the workplace to repeatedly print documents as the normal course of their daily work.
   
• The individual segment accounts for 8% market share with over 5.7% CAGR. Although its current use is fairly modest compared to the enterprise and commercial segments, growth is being driven by the increasing use of remote workers, students, and home consumers seeking small and low-cost printing solutions.
   

Based on connectivity, the laser printer market is segmented into wired and wireless. In 2024, the wired segment dominates the market and is expected to grow at a CAGR of 5.6% from 2025 to 2034.
 

• For businesses dealing with sensitive or confidential documents, security is a major concern. Wired connections, including Ethernet or USB cables, provide a more secure option than many wireless networks which can be intercepted or hacked. With wired connections, data is transferred between devices through cables, eliminating the risk of interference with wireless signals or unauthorized access to open networks. As a result, wired printers are the favored choice in sectors such as finance, healthcare, and government where data privacy is paramount.
   
• Wired connections provide the most reliable and fastest performance, especially in environments requiring high-volume printing. Ethernet connections are faster and have higher bandwidth than wireless connections because wired connections have a more stable transfer leading to less risk compared to wireless configurations that can see interruptions or drops in signal if other devices affected the signal strength, causing variations in speed due to barriers or congestion by using many devices on one signal. Since speed consistency is excellent with wired printing, it would allow for larger print jobs without interruptions, optimizing operational continuity for busy workplaces.
   
• Wireless segment accounts for 30% market share with over 6.7% CAGR, reflecting the demand for cable-free, more flexible printing, along with mobile and cloud connectivity is growing, especially with hybrid work office solutions.
   

In terms of country, the United States led the laser printer market with 79% of the North American market share and estimated USD 470 million in revenue during 2024.
 

• The expansion of the U.S. market is primarily driven by continuous advancements in printing technologies including increased resolution, faster print processing speeds, wireless capabilities, and internet of things (IoT) functionality increases productivity and continues to reduce operating expenses. These innovations and upgrades are making laser printers more efficient and more viable options for a wider variety of commercial and industrial applications in the U.S.
   
• Meanwhile, U.S. institutions, especially in education and healthcare, are ramping up digital transformation efforts to catch up, as well as upgrades to their printing capacity. As a result, schools, universities, and hospitals in the U.S. are investing in multifunction and color laser printers to accommodate and facilitate their administrative business processes, digital records, and secure record keeping. This focus on modernization across some of the public and private sectors is a key contributor to market growth in the U.S.  
   
• Moreover, the United States has a highly active and influential entrepreneurial ecosystem that also contributes to market growth. With the continued rise in new businesses and startups, which can attract technological resources and access to capital, the demand for high-performance office equipment including laser printers remains steady. New organizations usually rely on quality, economical and reliable printing for their daily operations, which makes laser printers also an important tool in professional environments.
   
• Canada holds a 4.8% CAGR, supported by steady investment into the digital infrastructure, increasing home-office adoption, and the growing demand from small- and medium-sized enterprises (SMEs) for efficient and cost-effective printing solutions.
   

The laser printer market in Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• The European market was valued at USD 0.5 billion in 2024 and is projected to grow at a CAGR of 5.7% between 2025 and 2034. Germany dominated the market with 19% European market share and estimated value of USD 100 million by 2024.
   
• Germany, as Europe's manufacturing hub, supports a vast industrial base in transportation, engineering, aerospace and mechanical. These industries provide a high degree of demand for reliable, high-speed printers for various tasks, including technical documentation, quality control forms, production records etc. Laser printers play an important role in business processes and workflow, which is influenced by Germany's automation levels and consideration of quality control that seeks precision and reliability every time.
   
• The German market is also grounded in sustainability and efficiency. German businesses and firms put a value cost effectiveness and durability of products and technologies, however they also value sustainability. This aligns with the strengths of current laser printer products, as they have more energy efficiency, longer toner life, and can be considered more eco-friendly than alternative technologies and methods. As sustainability remains a national point of focus, eco-friendly laser printers are increasingly popular across organizations looking to maintain quality output and also reduce their carbon footprint.
   
• UK and Italy follow Germany, due to rapid growth in small office/home office (SOHO) sectors, as well as government and educational digitization initiatives. Demand in the UK comes from public sector procurement of networked and secure printing systems, while the growth in Italy is helped by SMEs' adoption of multifunction laser printers for better operations.
   

The laser printer market in China is expected to experience significant and promising growth from 2025 to 2034

• The Asia Pacific market was valued at USD 1 billion in 2024 and is projected to grow at a CAGR of 6.2% between 2025 and 2034. China dominated the market with 32% Asia Pacific market share and estimated value of USD 300 million by 2024.
   
• China's dominance of the Asia Pacific laser print market is largely due to manufacturing capacity and rapid digital infrastructure growth which lays the groundwork for steady, large volumes of demand for advanced print technology. China continues to be a growing player in global manufacturing and has a deep industrial ecosystem, with significant manufacturing in electronics, textiles, automotive, and machinery. All of these sectors demand a lot of documents in volume and detail, including quality control documents, packaging labels, technical manuals, and professional documents, which require laser printers as a regular part of operations and documentation in factories and corporate offices. The e-commerce sector further drives demand for printed logistics management documents.
   
• The laser printer market is being driven by China's rapid transition toward digitalization. The demand for the devices is largely fueled by government spending on smart city infrastructure and other digital learning and business IT infrastructure initiatives. There has been demand created for networked, multifunctional and high-speed enterprise solutions in areas like education and government administration where the rate of digital transformation is radically changing the processing, storage and printing of information.
   
• India and Japan are also major contributors to laser printer market. India is seeing strong growth based on the increasing digitization of education, e-governance by government agencies, and the rapid growth of the small business sector in India as it also contributes a good share to the market. Japan is contributing to the market through the high demand for small printing and energy savings in both home and enterprise environments as a result of the adoption of advanced technology by the Japanese overall culture in their advanced infrastructure.
   

The laser printer market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034
 

• The Middle East and Africa market was valued at USD 100 million in 2024 and is projected to grow at a CAGR of 5% between 2025 and 2034. Saudi Arabia dominated the market with 23% Middle East and African market share.
   

• Saudi Arabia’s dominance is due to increased corporate digitization throughout the business sector. Companies are digitizing workflows and modernizing their operations to continue to be competitive. The same firm further wants modern production printing capabilities to continue to develop hybrid document requirements. Many firms want to retain some correspondence in physical copy, whether contracts, invoices, reports, or compliance documentation, even as they are moving toward cloud-based systems.
   
• Laser printers, especially multifunction, have many overall advantages, such as performance, faster, and reliability, but also can transition users into secure digital tools, and firms utilizing secure cloud processes will require robust printing requirements to sustain both standard business printing on multifunction printers and secure printing in other workplaces. In addition, the trend in digitization toward some advanced print work has been very popular with mid to large companies vertically expanding within government-specified initiatives.
   
• UAE is also a major contributor to this market with digitization across corporate and government sectors, with investments in IT infrastructure and smart office solutions.
   

Laser Printer Market Share

• The top five companies in the market are Brother, Canon, Epson, Lexmark International, and HP Development and they collectively hold a share of 25%-30% in the market.
   
• These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
   
• Canon showed good business performance in 2024, even though the number of products sold slightly fell. The underlying reason behind this success was mainly that Canon released new, high-quality products, which adequately boosted overall profit. The company reported approximately USD 28.5 billion in global revenue for 2024.
   
• HP showed steady business performance in 2024, with slightly lower sales than in the previous year. It was profitable, though, and had strong cash flow, which allowed it to return cash to its share owners in the form of higher dividends and share repurchases. HP also kept up with maximizing its cost basis and investing in new products. When fiscal year 2025 began, the company had good momentum, with revenue growth in its businesses.
   

Laser Printer Market Companies

Major players operating in the laser printer industry are:

• Brother Industries
• Canon
• Dell
• Epson
• HP Development
• Konica Minolta
• Kyocera
• Lexmark International
• Oki Electric Industry
• Pantum International
• Ricoh
• Roland DG
• SATO America
• Toshiba
• Xerox
   

To improve the product and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
 

In 2024, HP Development ramped up its penetration in the Asia Pacific region by opening regional innovation centers in Singapore and India. The goal of these centers is to develop printers that are geared for the local market, both in terms of language-specific interfaces, to how enterprises manage remote fleets.
 

In mid-2024 Brother Industries enhanced its European presence by opening its regional distribution center in the Netherlands to improve supply chain efficiencies and delivery speed to customers in Western Europe. At the same time, they commenced new channel partnerships in South Africa as a part of their strategy to invest in the developing African print solutions market.
 

Laser Printer Industry News

• In April 2025, HP launched nine new LaserJet A4 printers in a high-profile launch in Beijing. The new range, exemplified by the Laser MFP 323sdn/d and 303dw, is aimed at enterprise-class environments with demanding performance. The printers offer up to 30 pages per minute, duplex printing, and the ability to print different types of media ranging from plain office paper to card and labels up to 220 g/m²
   
• In March 2025, Epson was honored with five renowned iF Design Awards, with some models of their printers among the winning products. The winning printers were recognized, not just for their neat and functional appearance, but also for their usability and sustainability.
   
• In February 2025, Lexmark launched its next-gen 9 Series printers, utilizing AI and cloud-connected capabilities intended for enterprise use. The new series includes A3 and A4 variants from 25 to 55 pages per minute, featuring easy-to-navigate interfaces, modular design, and marked sustainability features such as high recycled content and ENERGY STAR certification.
   
• In September 2024 Canon U.S. introduced a new series of laser printers for high-performance home office and small office use. Canon states that they recognized customers’ needs for compact, reliable, and efficient printers that print clearly and cleanly because of their size. Each model is fast, highly connected, and environmentally sustainable. The new Canon laser printers are designed to keep pace with a changing world of remote work, freelancers, and small business owners who need dependable performance and efficient experience.
   

The laser printer research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2034, for the following segments:

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Market, By Type

• Single function
• Multi-function

Market, By Output Type

• Colour laser
• Black & white laser

Market, By Connectivity

• Wired
• Wireless

Market, By Print Speed

• Up to 30 ppm
• 30 to 50 ppm
• Above 50 ppm

Market, By Price

• Low
• Medium
• High

Market, By End Use

• Individual
• Commercial
  • Corporate
  • Education institutes
  • Media & publication houses
  • Printing centres & stationary
  • Others (healthcare, retail, etc.)
• Government Agencies
• Industrial

Market, By Distribution Channel  

• Online
  • E-commerce
  • Company websites
• Offline
  • Supermarkets/hypermarket
  • Specialty retail stores
  • Others (independent retailer etc.) 

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea  
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE