Thermal Printing Market Insights, Deep Analysis of Key Vendor in the Industry 2018-2025
Thermal Printing Market Insights:
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Thermal Printing Market:
The leading players in the thermal printing market include Sato Holdings Corporation, Honeywell International Inc., Fujitsu Ltd., Zebra Technologies, Star Micronics Co., Ltd., Seiko Epson Corporation, Bixolon, TSC Auto ID Technology Toshiba TEC Corporation, and Brother Industries, Ltd., among others.
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Drivers of the Thermal Printing Market:
The key factors accelerating the growth of the global thermal printing market include the increasing technological advancements that include smart printing technologies is leading to improved speed & quality, coupled with the rising implantation of wireless technologies in mobile printers. Moreover, the rising adoption of thermal printing across different applications, including the healthcare & hospitality and retail sector, followed by increasing population & industrialization and growing penetration of thermal barcode & RFID printers in the supply chain and e-commerce industry will create various growth opportunities in the market.
The thermal printing technology provides remarkable advantages such as expanded printing speed, easy to use, improved image quality, suitable for the noise-free environment, improved efficiency, and boosted durability in comparison with the other printers. The advent of IoT technology in printing applications, along with the rising adoption of automatic identification and data capture technologies, will fuel the market growth during the forecast period. On the other hand, the key factors restraining the growth of the global thermal printing market include the issue faced associated with the heat setting of thermal barcode printers and rigorous regulations of printing across regions.
Based on the region, North America is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of thermal printing across various application areas, including retail, healthcare & hospitality, and other sectors. Moreover, the large presence of numerous manufacturing giants also propels the market growth in this region.
Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Offering:
- Supplies
- Thermal Transfer Supplies
- Direct Thermal Supplies
- Dye Diffusion Thermal Transfer Supplies
- Printers
- Components of Thermal Printers
- Platens
- Thermal heads
- Springs
- Controller boards
Breakup by Printer Type:
- POS Printers
- Barcode Printers
- RFID Printers
- Kiosk & Ticket Printers
- Card Printers
Breakup by Format Type:
- Desktop Format Printers
- Industrial Format Printers
- Mobile Format Printers
Breakup by Printing Technology:
- Thermal Transfer
- Direct Thermal
- Dye Diffusion Thermal Transfer
Breakup by Application:
- Transportation & Logistics
- Retail
- Manufacturing & Industrial
- Government
- Healthcare & Hospitality
- Others
Breakup by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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