Printer market expected to reach $109.6 billion by 2032 with growth driven by e-commerce expansion

From GlobeNewswire: 2025-01-08 06:00:00

The printer market size reached USD 71.9 billion in 2023, with a projected 4.9% CAGR from 2024 to 2032. This growth is driven by e-commerce expansion, increasing demand for efficient labeling, packaging, and shipping solutions. Thermal and flexographic printers are crucial for high-quality labels and packaging. Inkjet printers dominated in 2023, generating over USD 21.3 billion revenue and are expected to reach USD 33.5 billion by 2032 due to affordability and high print quality. The commercial sector accounted for 53% of the market in 2023, driven by various industries like offices, educational institutions, and healthcare facilities. Asia-Pacific, with 38.6% market share in 2023, is expected to grow at a CAGR of 5.2% due to rapid industrialization, especially in China and India. Major players in the printer market include Brother, Canon, Dell, Epson, Fujifilm, HP, and more.



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