Thermal Printing Market- Global Industry Forecast (2022-2027) by Printer Format, Technology, End-User, and Region

Thermal Printing Market size was valued at US$ 20.5 Bn. in 2021 and the total Thermal Printing revenue is expected to grow by 4.6% from 2022 to 2027, reaching nearly US$ 26.85 Bn.

Thermal Printing Market Overview:

Thermal printing is a process that uses heat to produce an image on thermal paper. A calibrated printhead applies the heat. In contrast, the thermal paper contains a heat-sensitive layer that permits heat to make the markings. The report explores the Thermal Printing market's segments (Printer Format, Technology, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Thermal Printing market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Thermal Printing market's contemporary competitive scenario. Thermal Printing Market To know about the Research Methodology :- Request Free Sample Report

Thermal Printing Market Dynamics:

The growing demand from the retail industry is expected to be a major driver of market growth. To stay up with client demands in the retail industry, producers require rapid, adaptable, and flexible labeling and pricing methods, as well as new strategies for customer fulfillment. Retailers are continually focused on their point of sale experience by providing customers with rapid and convenient services. Thermal printing is often utilized for improved and high-speed services, which traditional impact printers could not provide. Furthermore, thermal printers are less expensive than traditional printers, which is encouraging their popularity. A multitude of retail packaging companies in Europe, America, and Asia have begun to choose thermal printers over impact printers. The growing number of consumers all over the world is expected to be a major opportunity in the market. Rapid urbanization is estimated to result in the creation of hundreds of millions of middle-class individuals throughout the Asia Pacific. This is likely to increase the quantity of discretionary spending, particularly from stores and big retail outlets. The world population is estimated to rise from 7 billion in 2013 to 9.58 billion by 2050, as per the United Nations. According to the same source, the population growth would be accompanied by GDP growth in developing economies e.g. India, Brazil, and China. As a result, market growth is likely to improve throughout the forecast period. Competitive pricing is expected to be a major restraint in the market growth. Thermal printer vendors' intense rivalry is anticipated to limit market growth in the forecast period. Thermal printer companies in China and India have convenient access to cheap raw materials and labor, allowing them to keep product prices modest. This, in turn, is expected to have a substantial influence on global industry participants. Greater versatility and performance, along with lower prices in established markets e.g. the USA and Europe, have made it difficult for main industry participants to stay competitive with companies from emerging markets. Although thermal printing technology outperforms laser and ink-based printing for a spectrum of uses, the introduction of new technologies is anticipated to hamper industry growth. RFID printing is a new and quickly evolving technology that presently has no equivalent. Additionally, thermal printing has no immediate threats, even though many upcoming novel technologies are anticipated to diminish its market share in the next decade. For example, electronic shelf labeling and mobile barcoding are anticipated to provide industry challenges.

Thermal Printing Market Segment Analysis:

By End-User, the retail segment is expected to grow at a CAGR of 7.8% in the forecast period. With the continued growth of retail outlets, barcoding systems have become an integral part of a flexible, efficient retail organization. Many firms struggle to keep things flowing while also tracking them on their journey. In addition to typical printing for invoices, owners may generate tags needed to manage goods and records, ship things, and more by including a barcode maker into the picture. Developing barcodes from robust, fade-resistant, heat-sensitive labeling material assures that the company's efforts will not be lost over time. Thermal Printing MarketMultiple players are demonstrating new technologies for improving sophisticated printing services for the developing payment system. China's economy looks to be steadily stabilizing, bolstered by increased industrial production and increased foreign currency reserves. As per the National Bureau of Statistics of China, Chinese retail sales increased by 8.9% year on year in 2019, about in line with the previous year. However, as the number of retail stores grows, so does the use of thermal printing. Key players involved in the industry are also working to develop label technology for improving the customer experience. For example, in 2019, Avery Dennison officially opened its first Intelligent Label Solutions development room in China at its Kunshan, Jiangsu Province manufacturing location, which will enable live demos to assist personnel in exploring the prospects around smart labels. The 'New Retail' revolution in China is intended to give customers a smooth, quick, and easy purchasing experience.

Thermal Printing Market Regional Insights:

Because of rising demand for retail applications e.g. smart packaging solutions, inventory control, distribution, and logistics, the North American region is likely to lead the thermal printing market by the end of the forecast period. Numerous North American stores have already switched from impact printers to more modern, thermal-only alternatives. Businesses are putting more attention on reducing printing costs, environmental effects, printer servicing costs, and so on. The presence of major companies in the area e.g. Honeywell benefits the shopping, transit, and logistics sectors, which is expected to drive the thermal printing market growth in North America. For example, Epson America announced the latest on-demand color label printers in September 2019 The new series offers a wide variety of capabilities to fulfill the needs of the most popular thermal transfer operations in printing applications. Also, Zebra is one of North America's major manufacturers of thermal printers. Zebra has the greatest assortment of pre-tested, high-quality labeling, markers, receipt paper, wristbands, cards, and ribbons. Because of its widespread distribution network in this territory, the thermal printing market is growing rapidly in the region Thermal Printing MarketThe objective of the report is to present a comprehensive analysis of the Thermal Printing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Thermal Printing market dynamics, and structure by analyzing the market segments and projecting the Thermal Printing market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Thermal Printing market make the report investor’s guide.

Thermal Printing Market Scope: Inquiry Before Buying

Global Thermal Printing Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 20.5 Bn.
Forecast Period 2022 to 2027 CAGR: 4.6 % Market Size in 2027: US $ 26.85 Bn.
Segments Covered: by Printer Format • Barcode • Label • POS (Point of Sale) • Other
by Technology • Direct Thermal • Thermal Transfer
by End-User • Retail • Healthcare • Industrial & Manufacturing • Transportation • Government • Other

Thermal Printing Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Thermal Printing Market Key Players

Zebra Technologies Corporation • Sato Holdings Corporation • Honeywell International Inc. • Bioxolon • Brother International Corporation • Star Micronics Co., Ltd • Toshiba Tec Corporation • TSC Auto ID Technology Co., Ltd • Avery Dennison Corporation • Xiamen Rongta Technology Co., Ltd • Axiohm • Seiko Epson • Fujitsu • Brother International • Dascom FAQs: 1. Which is the potential market for Thermal Printing in terms of the region? Ans. North America is the potential market for Thermal Printing in terms of the region. 2. What are the opportunities for new market entrants? Ans. The growing number of consumers all over the world is expected to be a major opportunity in the market. 3. What is expected to drive the growth of the Thermal Printing market in the forecast period? Ans. The growing demand from the retail industry is expected to be a major driver of market growth. 4. What is the projected market size & growth rate of the Thermal Printing Market? Ans. The Thermal Printing Market size was valued at US$ 20.5 Bn. in 2021 and the total Thermal Printing revenue is expected to grow by 4.6% from 2022 to 2027, reaching nearly US$ 26.85 Bn. 5. What segments are covered in the Thermal Printing Market report? Ans. The segments covered are Printer Format, Technology, End-User, and Region.
1. Global Thermal Printing Market: Research Methodology 2. Global Thermal Printing Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Thermal Printing Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Thermal Printing Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Thermal Printing Market Segmentation 4.1 Global Thermal Printing Market, by Printer Format (2022-2027) • Barcode • Label • POS (Point of Sale) • Other 4.2 Global Thermal Printing Market, by Technology (2022-2027) • Direct Thermal • Thermal Transfer 4.3 Global Thermal Printing Market, by End-User (2022-2027) • Retail • Healthcare • Industrial & Manufacturing • Transportation • Government • Other 5. North America Thermal Printing Market(2022-2027) 5.1 North America Thermal Printing Market, by Printer Format (2022-2027) • Barcode • Label • POS (Point of Sale) • Other 5.2 North America Thermal Printing Market, by Technology (2022-2027) • Direct Thermal • Thermal Transfer 5.3 North America Thermal Printing Market, by End-User (2022-2027) • Retail • Healthcare • Industrial & Manufacturing • Transportation • Government • Other 5.4 North America Thermal Printing Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Thermal Printing Market (2022-2027) 6.1. European Thermal Printing Market, by Printer Format (2022-2027) 6.2. European Thermal Printing Market, by Technology (2022-2027) 6.3. European Thermal Printing Market, by End-User (2022-2027) 6.4. European Thermal Printing Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Thermal Printing Market (2022-2027) 7.1. Asia Pacific Thermal Printing Market, by Printer Format (2022-2027) 7.2. Asia Pacific Thermal Printing Market, by Technology (2022-2027) 7.3. Asia Pacific Thermal Printing Market, by End-User (2022-2027) 7.4. Asia Pacific Thermal Printing Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Thermal Printing Market (2022-2027) 8.1 Middle East and Africa Thermal Printing Market, by Printer Format (2022-2027) 8.2. Middle East and Africa Thermal Printing Market, by Technology (2022-2027) 8.3. Middle East and Africa Thermal Printing Market, by End-User (2022-2027) 8.4. Middle East and Africa Thermal Printing Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Thermal Printing Market (2022-2027) 9.1. South America Thermal Printing Market, by Printer Format (2022-2027) 9.2. South America Thermal Printing Market, by Technology (2022-2027) 9.3. South America Thermal Printing Market, by End-User (2022-2027) 9.4 South America Thermal Printing Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Zebra Technologies Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Sato Holdings Corporation 10.3 Honeywell International Inc. 10.4 Bioxolon 10.5 Brother International Corporation 10.6 Star Micronics Co., Ltd 10.7 Toshiba Tec Corporation 10.8 TSC Auto ID Technology Co., Ltd 10.9 Avery Dennison Corporation 10.10 Xiamen Rongta Technology Co., Ltd 10.11 Axiohm 10.12 Seiko Epson 10.13 Fujitsu 10.14 Brother International 10.15 Dascom

About This Report

Report ID 2629
Category Electronics
Published Date oct 2019
Updated Date June 2022
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