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Laser Printer Market Trends

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

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.

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.

Laser Printer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 198
  • Countries covered: 212
  • Pages: 330
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