Thermal Printing Market Professional Survey and In-Depth Analysis Research Report Foresight to 2030

Thermal Printing Market
Thermal Printing Market

The global thermal printing market size was USD 44.00 Billion in 2021 and is expected to register a revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Growing concerns regarding product safety and anti-counterfeiting is an important factor driving market revenue growth. Other factors that influence development of the worldwide market include deployment of automated and cutting-edge technologies such as Automatic Identification and Data Capture (AIDC) and wireless mobile printers.  Thermal printing uses portable, dependable, and user-friendly printers and is employed in several businesses to print labels, bills, lottery tickets, and other documents, which are driving revenue growth of this segment. In addition, papers printed with thermal printing are simple to recycle owing to short lifespan of chemical coating on these sheets.

The latest market intelligence study, called “Global Thermal Printing Market Forecast to 2028,” jots down some of the most prominent growth potentials of the global Thermal Printing market. The report is primarily targeted at the industry stakeholders looking to capitalize on this report’s contents to make improved business decisions. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario. The insightful data & information provided by this report are gathered from various primary and secondary sources.

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Some Key Highlights From the Report

  • The printer segment accounted for largest revenue share in 2021. Efficiency of thermal printers is higher than that of conventional printers and they use heat to produce an image on paper. It is faster than other printers and printing is also less costly. In addition, images are created in milliseconds and technology enables images to be transmitted using heat. Furthermore, a thermal printer is less likely to require maintenance since it requires fewer moving components to function and there are a fewer potential problems. As a result, there is reduced downtime and expense for repairs, which is also expected to drive revenue growth of this segment.
  • The barcode printer segment accounted for largest revenue share in 2021. Barcode printers are extremely versatile since they can print on a wide variety of materials, such as paper, polyesters, PTFE, Tyvek, and tag stock, and they can use a variety of ribbons to get right print quality and durability for job. When a label’s life expectancy is shorter than one to two years, it is also possible to print on direct thermal paper without using thermal ribbons. Moreover, when compared to dot matrix or ink-jet printers, thermal barcode printers provide better resolutions and quality of print with high-density barcode printing. Even a 2.5 mil barcode, which is very small, can be generated with high-quality print. Such advantages are driving demand for thermal barcode printers.
  • The Direct Thermal (DT) segment accounted for largest revenue share in 2021. Direct thermal labels provide a number of advantages over conventional printers and copy paper, including being quicker, more precise, not requiring ink cartridges, more affordable, and more dependable, which is expected to drive revenue growth of this segment. DT labels are more precise since ink is embedded in paper rather than coming from printer and thermal receipts can be printed in milliseconds as compared to minutes with a conventional printer. This is because there isn’t any ink coming from print head that could smudge the label.
  • The North America market accounted for largest revenue share in 2021. Rising Research & Development by various key companies to launch innovative products in this region is expected to drive market revenue growth. For instance, on 4 October 2021, a 3-inch high-speed thermal printer mechanism was launched by Fujitsu Components America. It features three positions for black mark sensors and user-selectable printing parameters for speed, paper width, and thickness. With this adaptability, clients quickly modify their printing solution to satisfy needs of diverse receipt, ticketing, and labelling/tagging applications while still employing a single printer.
  • On 22 January 2020, Epson launched ColorWorks C6000 series on-demand label printers specifically designed as a color upgrade for customers currently using black-only thermal transfer options. With printing rates of up to five inches per second, the new ColorWorks models are designed for mission-critical applications and produce large volume color labels for production usage.

The leading contenders in the global Thermal Printing market are listed below:

Zebra Technologies Corp, SATO Holdings, Seiko Epson, Star Micronics, Honeywell International, BIXOLON, Fujitsu, HP Development Company, L.P, Toshiba Tec Corporation., Brother Industries, Ltd. and Health Limited

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  • For the purpose of this report, Emergen Research has segmented the global thermal printing market based on offering, printer type, format type, printing technology, application, and region:

    Offering Type Outlook (Revenue, USD Billion; 2019-2030)

    • Printer
    • Supplies
  • Printer Type Outlook (Revenue, USD Billion; 2019-2030)

    • Barcode Printers
    • POS Printers
    • Kiosk & Ticket Printers
    • RFID Printers
    • Card Printers
  • Format Type Outlook (Revenue, USD Billion; 2019-2030)

    • Industrial Format
    • Desktop Format
    • Mobile Format

Regional Outlook of the Thermal Printing Market

The global Thermal Printing market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Thermal Printing market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Browse The Full Thermal Printing Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/thermal-printing-market

Key reasons to buy the Global Thermal Printing Market report:

  1. The latest report comprehensively studies the global Thermal Printing market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.

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