Home > Consumer Goods & Services > Consumer Electronics > Laser Printer Market

Laser Printer Market Size

Report ID: GMI8552
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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.

Laser Printer Market Report Attributes
Report Attribute	Details
Base Year:	2023
Laser Printer Market Size in 2023:	USD 2.3 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.5%
2024 – 2032 Value Projection:	USD 3.7 Billion
Historical Data for:	2018 – 2023
No. of Pages:	330
Tables, Charts & Figures:	198
Segments covered:	Type, Output Type, Connectivity, Print Speed, Price, End Users, Distribution Channel, Region
Growth Drivers:	Increasing demand for high-quality printing solutions from various end users Continuous technological advancements in the printer industry
Pitfalls & Challenges:	Use of digital documents Availability of alternative printing solutions.

Learn more about the key segments shaping this market

Download Free Sample

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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of laser printer was reached USD 2.3 billion in 2023 and is anticipated to register a CAGR of 5.5% between 2024 to 2032, favored by increasing demand for high-quality printing solutions from various end users.

The multi-function laser printer segment accounted for over USD 1.5 billion in 2023 and is anticipated to reach USD 2.6 billion by 2032, as they offer high-speed printing, with some models capable of producing 50 or more pages per minute.

Asia Pacific laser printer market accounted for 45% revenue of the laser printer market in 2023 and will hold 46% share by 2032, propelled by the boom of e-commerce & online shopping, increasing number of SMEs, and advancements in printer technology.

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, and Xerox Corporation.