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Multi-functional Printer Market Size

  • Report ID: GMI8544
  • Published Date: Mar 2024
  • Report Format: PDF

Multi-functional Printer Market Size

Multi-Functional Printer Market was valued at USD 7 billion in 2023 and is likely to register at 5.5% CAGR between 2024 and 2032, driven by the technological improvements, which continuously improve their capabilities and features, such as print quality and speed, making them more efficient and adaptable. These advancements also enable expanded connectivity possibilities and better software integration.

 

Furthermore, the requirement for low-cost printing solutions is an important factor, as firms seek cost-effective ways to streamline their printing processes. Multifunctional printers provide a compelling value proposition by combining printing, scanning, copying, and faxing capabilities into a single device, eliminating the need for separate equipment and associated costs.
 

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of multi-functional printer was reached USD 7 billion in 2023 and will grow at 5.5% CAGR from 2024 to 2032, due to technological improvements to continuously improve their capabilities and features, such as print quality and speed.

The monochrome color capability segment held 32% share of the multifunctional printer market in 2023, owing to their cost-effectiveness, efficiency, and specific business requirements.

North America recorded 29% share of the multifunctional printer market in 2023, driven by technological advancements and infrastructure developments along with high adaptation rates in corporate and other offices.

Some of the renowned multi-functional printer providers include Brother Industries Ltd., Eastman Kodak Co., Hewlett Packard Enterprise Co., Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., and NEC Corp.

Multi-functional Printer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 415
  • Countries covered: 16
  • Pages: 280
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