Portable Printer Market - By Market Driver, Trends, Applications & Business Strategy Forecast From 2019 Till 2027

The "Global Portable Printer Market by Technology (Thermal, Inkjet and Impact), Output Type (Barcode, Labels & ticketing, receipts, documents & others), End Use Industry (Retail, Transportation & Logistics, Hospitality, Manufacturing and others) and Geography - Global Forecast to 2025"" was valued at US$ 464.7 million in 2016 and is estimated to grow at a CAGR of 7.7% during the forecast period (2017-2025), as highlighted in a report published by Coherent Market Insights.
Browse 90 market data tables and 40 figures through 250 pages on ""Portable Printer Market - Global forecast to 2025".
According to estimates by Google, around 3 billion employees, accounting for 80% of the global workforce, are involved in desk less or physical work. Around 1.4 billion workforce, accounting for 40% of the global workforce is mobile workforce, which is further expected to increase over the next few years and drive the demand for mobile devices and systems.
Growing multi-chain retailing and associated logistic requirements are among the prominent drivers for the market growth. The market growth is also driven by its considerable applications in receipt printing and invoice generation along with benefits such as proof-of-delivery, last mile delivery, and inventory management. Portable printers help reduce time required for operations and help enterprises enhance consumer interaction and engagement, which, in turn, enhances consumer loyalty and boost business.
Mopria Alliance was introduced in September 2013, with four leading printing manufacturers- Canon, Hewlett-Packard, Xerox, and Samsung. Now, the alliance has a participation of over 21 member organizations representing around 97% of the global printing business. This alliance was formed to develop global wireless printing standards for easy information transfer and enhanced consumer usability. However, this unification has led to considerable industry consolidation and is expected to favor the growth of mobile operated printers. This, in turn, is expected to reduce the requirement for portable printers and thereby hinder the market growth.
Key Takeaways of the Portable Printer Market:
• The global portable printer market is estimated to grow at a CAGR of 7.7% during the forecast period, owing to considerable growth in demand for mobile printing applications, specifically in the U.S. and the emerging nations of Asia Pacific such as China, India, and the ASEAN countries.
• Thermal printing technology is expected to contribute to around 78% of the global portable printer market by the end of the forecast period, primarily owing to its capability to print without the requirement of additional costs for ink and other associated materials. However, relatively high costs of this with respect to other available technologies will continue to generate demand for inkjet and impact portable printers.
• Based on output, barcodes and labels & ticketing are expected to continue their dominance throughout the forecast period.
• Demand for portable printers is expected to experience a boost in retail segment, specifically in the emerging and developed economies across the globe, which include the U.S., China, India, and major economies of Europe.
• The U.S. is expected to dominate the global portable printer market, owing to its high installed base. Moreover, growing demand for these devices in hospitality segment in the country will propel the market growth.
• Some of the major participants in the global 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.
• According to our analysis, competition among emerging players in the industry has significantly intensified owing to the rising number of suppliers, largely from Asia Pacific. Some of these include Woosim Systems and Sewoo Tech, which offer products at low costs, in turn, eroding the overall profitability and product margins.