Thermal Printing Market Research Report

 Growth opportunities in the thermal printing market look promising over the next six years. This is mainly due to the rising technological advancements, which include smart printing technologies leading to enhanced speed & quality, increasing adoption of thermal printing across several applications like the retail and healthcare sector, and rising population.

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Thermal Printing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging technological developments that incorporate smart printing technologies, resulting in improved quality & speed, coupled with the growing wireless technology implantation in mobile printers, are the prominent drivers strengthening the growth of the global thermal printing market. Also, the augmenting acquisition of thermal printing across various applications such as hospitality & healthcare and retail sector, the expanding industrialization and population, and the accelerating penetration of RFID printers & thermal barcode in the e-commerce industry and supply chain is anticipated to create enormous growth opportunities in the market.

The exceptional benefits offered by the thermal printing technologies include improved efficiency, raise image quality, enhanced printing speed, appropriate for a noise-free environment, ease to use, and intensified durability than other printers. The emergence of IoT technology accompanied by the expanding adoption of data capture technologies and automatic identification will fuel the market growth in the near future. However, strict norms against printing and heat setting of thermal barcode printers may curb the thermal printing market size.

Printer Type Segment Drivers

Based on the printer type, Barcode Printers are projected to witness a higher CAGR over the forecast period due to the large adoption of such printers across different application areas led by their high-speed, enhanced-performance delivery, and cost-effective properties. Moreover, the growing usage of barcode printers in all types of businesses and the retail sector, as it allows the businesses to track and label the products to be shipped, will further bolster this segment's growth.

Regional Drivers

On the basis of regional coverage, North America is predicted to expand at a faster CAGR during the forecast period. This is mainly because of the augmented adoption of thermal printing across various sectors, including retail, healthcare & hospitality, and other sectors. Furthermore, the presence of various manufacturing leaders also contributes to the thermal printing market growth.

Thermal Printing Market’s Leading Manufacturers:

  • TSC Auto ID Technology
  • Toshiba TEC Corporation
  • Fujitsu Ltd.
  • Sato Holdings Corporation
  • Zebra Technologies
  • Brother Industries, Ltd.
  • Bixolon
  • Seiko Epson Corporation
  • Star Micronics Co., Ltd.
  • Honeywell International Inc.

Thermal Printing Market Segmentation:

Segmentation 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

Segmentation by Printer Type:

  • POS Printers
  • Barcode Printers
  • RFID Printers
  • Kiosk & Ticket Printers
  • Card Printers

Segmentation by Format Type:

  • Desktop Format Printers
  • Industrial Format Printers
  • Mobile Format Printers

Segmentation by Application:

  • Transportation & Logistics
  • Retail
  • Manufacturing & Industrial
  • Government
  • Healthcare & Hospitality
  • Others

Segmentation by Printing Technology:

  • Thermal Transfer
  • Direct Thermal
  • Dye Diffusion Thermal Transfer

Segmentation 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)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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