The Printers Market is being driven by Rising demand for printers from SMEs
The Printers Market is expected to grow at a CAGR of 3.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11.25 billion. The global printers market is witnessing a notable shift towards 3D printing technology, which is increasingly being adopted as a manufacturing solution across various industries. Initially, 3D printing was primarily used for prototyping, but its capabilities have since expanded to include the production of end-use parts. In healthcare, this technology is revolutionizing patient care through the creation of customized medical implants, prosthetics, and surgical models. In the aerospace and automotive sectors, 3D printing enables the manufacture of lightweight, complex components, leading to enhanced performance and fuel efficiency. Meanwhile, in architecture and construction, 3D printing streamlines design and building processes by facilitating the rapid prototyping of architectural models and the creation of intricate structures.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
210 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
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Market growth 2025-2029 |
USD 11.25 billion |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
3.4 |
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Key countries |
US, China, Germany, Japan, UK, India, South Korea, France, Brazil, Italy, USA, Japan, Australia, Rest of World (ROW), US, China, Germany, Japan, UK, India, South Korea, France, Brazil, Italy, USA, Japan, and Australia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The printers market encompasses various electronic tools, including output technology and computer peripherals such as printing media, data cables, and short-range radios. These components facilitate the conversion of electronic data into tangible printed outputs on various media types.
The printing market is a significant segment of the global technology hardware, storage, and peripherals industry, encompassing printers, mobile printing, color printing, packaging printing, and various entry products such as A4 printers. Technavio, a leading technology research firm, positions this market within the broader IT market. Key printing technologies include Inkjet, utilizing solvent, water-based, UV-based, and LED inks, and analog printing. The market's growth is driven by the increasing demand for cloud-based computing and the ecosystem of associated inks, as well as the expanding 4Vs (volume, velocity, veracity, and variety) of data, necessitating advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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