+1-888-308-5802     
News Contact Us

Laser Printer Market to receive overwhelming hike in Revenues by 2025

Author : Ronak Bora | Published Date : 2019-06-11 

The laser printer market is categorized by types into single-function and multifunction printers. Multifunction printer market is dominating the market and is estimated to resonate the trend during the forecast period. The growth of the market is credited to the compact design and multiple features offered by these systems. Multifunction printers are mainly used for domestic and commercial applications due to their compact size, ease-of-use, reliability, and versatility. It eliminates the need to purchase different peripherals, such as printers, scanners, and copiers, and reduces the capital cost and provides the flexibility of operation.

Laser Printer Market is driven by the rising requirement for advanced printing solutions to enhance the efficiency and productivity of the workflow. Laser printers work on the laser and electrical charge model that enhances the accuracy and neatness of the print projects and offers a resolution of up to 600 dots per inch or higher. Its printing technique, fineness, clarity, and high resolution are augmenting the demand for the laser printer market. Furthermore, the increasing demand for printing in textile and packaging industries along with the growing importance of the digital document production in commercial printing applications will also foster the market growth.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2468

The capability of the laser printers to print on large volumes with high quality, enhanced sharpness, and color intensity is estimated to drive the market growth. Moreover, the benefits offered by laser printers over other variants, such as cost efficiency and the ability to print at large volumes, are also estimated to foster the laser printers market growth. However, the growing popularity of the digital media and high capital and maintenance cost of the commercial-purpose laser printers are estimated to be the major constraints in the growth of the market. The demand for the printers is reducing in certain applications, such as advertisement and directories, due to the increasing popularity of digital signages, billboards, and other digital solutions as they reduce the operating cost and increases the flexibility.

North America is leading the market space owing to the wide adoption of consumer electronics and mobile communication. The technological advancements and the rising demand for the cost-efficient printing solutions for high-volume printing projects also aid in the market growth. Moreover, favorable government and compliance policies will foster the market growth. Asia Pacific will gain a momentous growth considering the rising demand for printing solutions among retail, transportation, and other industry verticals. Furthermore, the increasing trend of online retailing and the growing need for mobile workforce are also estimated to contribute significantly toward the growth of the market.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2468

The rising demand for cost-efficient printing solutions in the corporate sector is stimulating the market growth. The growth is credited to the cost-efficiency, high accuracy, and the quality of the print. Larger enterprises, SMEs, government organizations, and individual users are some of the major end users of the laser printers. Large enterprises are estimated to account for a major share in the market. The rapid growth in the signage and advertisement sector along with the development of the packaging, textile, and printing industries is augmenting the demand for the laser printers. Furthermore, the growing number of government kiosks in the developing countries including India, China, and Brazil is also fueling the market growth.

Some of the major vendors of the laser printers are Samsung, Canon, HP, Fuji Xerox, Brother Industries, Dell, Lexmark International, OKI Electric, Kyocera Corporation, Ricoh, Xerox Corp, Konica Minolta, Eastman Kodak, and Seiko Epson Corp.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved