Portable Printer Market Is Estimated To Witness High Growth Owing To Increasing Need for Mobile Printing Operations

Technology
Sachin CMI's picture

The global Portable Printer Market is estimated to be valued at US$ 464.7 Million In 2016 and is expected to exhibit a CAGR of 7.7% over the forecast period 2017 - 2025, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Portable printers are compact, lightweight devices that provide printing solutions on the go. These printers offer several advantages such as portability, wireless connectivity, and ease of use. The increasing need for mobile printing operations in industries such as logistics, retail, and healthcare is driving the demand for portable printers. These printers provide convenience and efficiency and are suitable for field service workers who require immediate access to print documents.

Market Key Trends:
The key trend observed in the Portable Printer Market is the integration of advanced technologies such as Bluetooth, Wi-Fi, and Near Field Communication (NFC) for seamless wireless connectivity. These technologies enable users to print from any mobile device without the need for wires or cables. Additionally, manufacturers are focusing on improving battery life and print quality to enhance the overall user experience. Furthermore, the increasing adoption of smartphones and tablets is expected to boost the demand for portable printers, as they provide a convenient solution for printing documents on the go.

Key Players:
The key players in the portable printer market include Bixolon, Canon Inc., Brother International Corporation, Honeywell International Inc., Fujitsu Isotec Limited, Seiko Epson Corporation, Oki Printing Solutions, Toshiba Tec Corporation, Star Micronics Co., Ltd., and Zebra Technologies Corporation.

PEST Analysis:

Political: The political factors that may affect the portable printer market include government regulations and policies regarding the manufacturing and import/export of electronic devices. This could impact the availability and cost of portable printers in different regions.

Economic: The economic factors that may influence the portable printer market include the overall economic growth and stability of different countries, as well as the purchasing power of consumers. A strong economy and increased disposable income can drive the demand for portable printers.

Social: The social factors that may impact the portable printer market include changing consumer lifestyles and preferences. As more people are working remotely and on-the-go, there is a growing need for portable printing solutions that can support these lifestyles.

Technological: The technological factors that may affect the portable printer market include advancements in printing technology and the integration of wireless and mobile printing solutions. Printing companies need to stay updated with these technological developments to remain competitive in the market.

Key Takeaways:

The global portable printer market is expected to witness high growth, exhibiting a CAGR of 7.7% over the forecast period. This growth is primarily driven by the increasing trend of remote working and the need for portable printing solutions.

In terms of regional analysis, North America is the fastest growing and dominating region in the portable printer market. The region has a high adoption rate of advanced technology and a strong demand for mobile and wireless printing solutions.

Key players operating in the portable printer market include Bixolon, Canon Inc., Brother International Corporation, Honeywell International Inc., Fujitsu Isotec Limited, Seiko Epson Corporation, Oki Printing Solutions, Toshiba Tec Corporation, Star Micronics Co., Ltd., and Zebra Technologies Corporation. These key players play a significant role in driving innovation and competition within the market.