Retail Printers and Consumables Market Eyes a Striking US$ 4,480.8 Million Valuation by 2033, Fueled by 4.5% CAGR | Future Market Insights, Inc.

Retail printers and consumables thrive across diverse markets, powered by efficient labeling. This tech-retail synergy shapes the future with innovative labeling, essential for evolving store, online, and warehouse needs.

NEWARK, Del, Nov. 16, 2023 (GLOBE NEWSWIRE) — According to a Future Market Insights (FMI) report, the retail printers and consumables market is forecasted to experience a growth of 4.5% CAGR over the estimated period, as per FMI’s analysis. Projected to touch a valuation of US$ 3,015.1 million in 2023. The industry’s size is predicted to reach a market value of US$ 4,480.8 Million by 2033. 

The surging use of printers in retail sectors like departmental stores and supermarkets is projected to have a positive influence on market growth. Additionally, the company’s distribution of retail consumables and printers to preserve assets is another factor that is anticipated to boost market growth. 

The OEMs are concentrating their efforts on creating and advertising retail printers that are capable of acting as a printer and a computer. This is expected to go well with the global retail and consumables industry over the forecast period. 

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This world is altering at a significant pace, owing to which the demand for modern technologies like industrial barcode scanners and readers, and 3D printers is on the rise. Similar advanced technology has been widely used by multiple industries to boost their operations, ramp up overall productivity, and reduce errors. 

The demand for retail printers and consumables is escalating due to the prevailing adoption of labeling in the warehousing, retail sector, and online stores to reduce chaos, maintain assets, and boost productivity.

Increased diffusion of digitalization throughout multiple industries, in addition to innovations in printing technology, is projected to boost the sales of retail printers and consumables in the next ten years. 

Top Highlights from the FMI’s Analysis of the Retail Printers and Consumables Industry:

• The United States’ stake in the market is expected to be 20.2% in 2023. The country offers key business opportunities for manufacturers providing retail printers and consumables.
• Germany is projected to attain a 12.8% market share in the global market in 2023, suggesting significant market prospects for vendors.
• Japan’s retail printers and consumables industry is anticipated to grab an 8.8% market share in 2023.
• Australia’s market gained a 2.5% share of the global market, demonstrating a relatively small market share but significant opportunities to stretch market revenue.
• India’s market is expected to observe a CAGR of 6.2%, whereas China’s market is expected to observe a CAGR of 5.2% over the forecast period.
• The United Kingdom market is projected to expand at a CAGR of 5.1% from 2023 to 2033.
• Under the switch type category, the float-level switch segment is predicted to attain a 16.6% market share.
• Based on applications, the ‘temperature requirements’ segment is projected to attain a CAGR of 18.3% in 2023.

“It was revealed that Retail Printers and Consumables are experiencing a robust surge in demand. The comprehensive analysis underscores the growing significance of these technologies in the retail sector, emphasizing their pivotal role in enhancing operational efficiency and customer engagement. The study anticipates a sustained upward trajectory for Retail Printers and Consumables, affirming their status as indispensable tools for modern retail environments.” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Scenario of the Retail Printers and Consumables Industry:

Leading manufacturers of retail printers and consumables are concentrating on enhancing their product line by introducing new and better solutions, in addition to upgrading their current product lineup and offering wireless connections and cutting-edge features. Some of the new launches in the market are listed below:

• In July 2023, Brother introduced a market-first Brother Color inkjet printer. The first-to-market multifunction printer to support businesses who want to produce high-quality banners and signage.
• In March 2023, Toshiba released a one-of-its-kind industrial printer. This printing innovation drastically streamlines everyday packaging applications for logistics and shipping operations. Toshiba’s Duplex Linerless Thermal Printer (DL1024) lowers costs, enhances productivity, and simultaneously helps organizations cater to the demand for eco-friendly printing solutions.

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Key Players Operating in the Global Retail Printers and Consumables Industry:

• Zebra Technologies Corporation
• Honeywell International Inc.
• Toshiba TEC Corporation
• SATO Holdings Corporation,
• Avery Dennison Corporation
• Oki Electric Industry Co. Ltd.
• TSC Auto Id Technology Co. Ltd.
• tar Micronics Co. Ltd.
• Postek Electronics Co. Ltd.
• GoDEX International Co. Ltd.
• Citizen Watch Co. Ltd.
• Brother Industries Ltd.
• Bixolon Co. Ltd.
• Pos-X LLC
• Primera Technology Inc.
• CognitiveTPG LLC
• Seiko Holdings Corporation
• Wasp Barcode Technologies
• Cab Produkttechnik GmbH & Co KG
• BlueBird Inc

Retail Printers and Consumables Market Segmentation Analysis:

By Type:

• Desktop Printers
• Industrial Printers
• Mobile Printers
• Others

By Technology:

• Label Printer
  • Thermal Transfer
  • Direct Thermal
  • Inkjet
  • Laser
• Paper Printer
  • Thermal Transfer
  • Direct Transfer
  • Impact
  • Inkjet

By Application:

• Departmental Stores
• Warehouse Retailers
• Mom & Pop Stores
• E-Commerce
• Supermarkets

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East & Africa

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About the Industrial Automation Division at Future Market Insights:

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective of providing authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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