Laser Printer Market Size - By Type (Single Function, Multi-Function), By Output Type (Color Laser, Black & White Laser), By Connectivity, Print Speed, Price, End Users, Distribution Channel & Forecast, 2024 – 2032

Laser Printer Market Size

Laser Printer Market was valued at USD 2.3 billion in 2023 and is set to register at over 5.5% CAGR from 2024 to 2032, due to the increasing demand for high-quality printing solutions from various end users. With the rise of digitalization, businesses are relying more on printed materials for their marketing and communication needs, leading to a surge in the demand for laser printers.
 

Furthermore, the rise of e-commerce and online shopping has also had a positive impact on the laser printer market. With the growing popularity of online shopping, there has been a surge in the demand for shipping labels, invoices, and other printed materials. This has created a need for cost-effective and high-speed printing solutions, which laser printers are able to provide. As a result, many e-commerce businesses are now investing in laser printers to meet their printing needs and improve their overall efficiency.
 

One of the main challenges for the laser printer market is the increasing competition from other printing technologies such as inkjet and solid ink printers. These technologies offer lower cost per page and better color quality, making them attractive options for businesses and consumers alike. This has resulted in a decline in the demand for laser printers, especially in the consumer market. Additionally, the rise of digitalization and paperless offices has also posed a threat to the laser printing market. With more documents being stored and shared electronically, the need for physical printing has decreased, further impacting the demand for laser printers.
 

Laser Printer Market Trends

With the rise of digitalization and the increasing demand for high-quality prints, there has been a surge in emerging trends in laser printing. One of the most significant advancements in laser printing is the shift towards faster printing speeds. With the rise of high-volume printing, businesses and individuals require faster printing times to keep up with their workload. In response, key manufacturers have developed laser printers with faster print speeds, some capable of printing up to 100 pages per minute. This not only saves time but also increases productivity, making laser printers a preferred choice for busy work environments.
 

Integration of wireless connectivity is another major trend in the laser printer market. With the increasing use of smartphones and tablets, the need for wireless printing has become a necessity. Many laser printers now come with built-in Wi-Fi capabilities, allowing users to print from their mobile devices without the need for cables or additional software. For instance, approximately 65% of offices now support mobile printing and cloud printing, a sign of the growing trend of mobile-first strategies in businesses. This trend has not only made printing more convenient but has also opened new possibilities for remote and on-the-go printing.
 

Furthermore, improved security features are becoming increasingly important in the modern workplace. With the increased prevalence of cyberattacks, businesses need to be sure that their sensitive documents are protected. Laser printers are now able to offer several security features, such as authentication, encryption, and secure printing. These features ensure that documents remain secure and confidential, protecting businesses from potential threats.
 

Laser Printer Market Analysis

Based on type, the multi-function laser printer segment was reached USD 1.5 billion in 2023 and is anticipated to grow USD 2.6 billion by 2032. It combines the functions of a printer, scanner, copier, and fax machine into one compact device, making it a cost-effective and space-saving solution. With the ability to print high-quality documents, scan images and text, make copies, and send and receive faxes, this all-in-one printer act as a valuable asset for both personal and professional use.
 

Moreover, a multi-function laser printer offers high-speed printing, with some models capable of producing 50 or more pages per minute. This makes it an ideal choice for businesses with high-volume printing needs, as well as individuals who require quick and reliable printing. The laser technology used in these printers also ensures sharp and precise text and graphics, resulting in professional-looking documents every time.
 

Based on output type, the black & white laser segment was reached USD 1.2 billion in 2023 and is anticipated to grow USD 2 billion by 2032. This can be attributed to the numerous benefits that these printers offer, such as high-quality prints, fast printing speeds, and cost-effectiveness. Black and white laser printers are popular among both individuals and businesses due to their versatile nature and ability to handle large volumes of printing.
 

In addition to their high-quality prints, black and white laser printers are also known for their fast-printing speeds. These printers use toner instead of ink, which allows them to print at a much faster rate. This makes them ideal for businesses that require a large volume of printing daily. With the ability to print up to 30 pages per minute, black and white laser printers can significantly increase productivity and efficiency in the workplace.
 

Asia Pacific region dominated 45% share of the laser printer market in 2023 and expected to reach 46% by 2032, driven by a combination of factors including the rise of e-commerce and online shopping has led to an increase in the demand for laser printers in the logistics and retail industries. Laser printers are well-suited for high-volume printing tasks, making them indispensable tools for businesses operating in the e-commerce sector.
 

Additionally, the increasing number of SMEs in the region is a driving market growth. with the increasing trend of remote work and flexible office setups, SMEs are relying heavily on printers to bridge the gap between digital and physical documents. This has created a need for versatile and efficient printers that can cater to the changing needs of these businesses. As a result, manufacturers in the Asia Pacific region are constantly innovating and introducing new and improved printers that can meet the demands of the growing SME market.
 

With advancements in printer technology, the market is anticipated to witness the introduction of innovative and advanced printer’s solutions, creating opportunities for laser printer manufacturers to expand their product portfolio and cater to the evolving needs of customers in the Asia Pacific region in near future.
 

Laser Printer Market Share

Key players involve in the laser industry are Brother Industries Ltd., Canon Inc., Epson, Lexmark International, Inc. and HP Development Company accounting market share of 25-30% in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These manufacturers are continuously emphasizing towards investing in the R&D activities, aiming to enhance their solution with innovative technology with updated features, thus resulting it to remain as a competitive player across the globe.
 

Laser Printer Market Size

Major companies operating in the laser printer industry include:

• Brother Industries Ltd.
• Canon Inc.
• Dell Inc.
• Epson
• HP Development Company, L.P.
• Konica Minolta, Inc.
• Kyocera Corporation
• Lexmark International, Inc.
• Oki Electric Industry Co., Ltd.,
• Pantum International Limited
• Ricoh Inc.
• Roland DG Corporation
• SATO America
• Toshiba Corporation
• Xerox Corporation
   

Laser Printer Industry News

• In October 2023, Brother International Corporation unveils the monochrome laser printers small to medium-sized businesses. The all-new laser printer is high-performance printers help to increase productivity with a fast print speed, customized workflows, and dependable, business quality output. Brother value added solutions included on select Brother workhorse protected models including secure print+, remote panel and custom user interface.
   
• In June 2023, Canon launches the newest series of laser printers tailored specifically for small businesses and large offices. The new printers are productivity enablers for businesses as they are connected to cloud solutions, with support for Google Drive, Dropbox and OneDrive for printing and scanning.
   
• In May 2023, HP introduced a new range of laser printers for home, small and medium businesses. The new printers offer efficient and high-quality printing, catering to the diverse needs of the home, and businesses with optimum use of resources. The new laser printer offers cost-effective mono printing for high-volume need with sharp text and crisp graphics, with its high-performance laser.
   
• In April 2023, Xerox introduced new and upgraded solutions to improve productivity and security for hybrid workers. Xerox Easy Assist App, this application allows users to manage their printer or MFP directly from a mobile phone and is compatible with most Xerox models. CareAR Instruct App, this visually immersive self-support application includes step-by-step guidance, instructional content, and interactive 3D visualization to help users perform routine maintenance tasks and solve common issues quickly.
   

This laser printer market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:

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Market, By Material Type

• Single Function
• Multi-Function

Market, By Output Type

• Color 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 Users

• Individual
• Commercial
  • Corporate
  • Education Institutes
  • Media & Publication Houses
  • Printing Centers & Stationary
  • Others (Healthcare, Retail, etc.)
• Government Agencies
• Industrial

Market, By Price

• Online
• Offline

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

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