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End-Use of Thermal Printer to Remain Largest in Retail & Consumer Goods Sector, Yet Sales in Institutions to Grow at a Faster Pace through 2028

Press release Description

Albany, New York, August 27, 2018: The thermal printer market has been witnessing an impressive expansion, owing to increasing demand for barcodes that are printed on packaging for tracing the product information. Thermal printer has gained significant importance in the packaging industry in recent years, efficiently enabling manufacturers to accurately track the products, reduce labor cost, and minimize manual errors. High speed, performance and cost-effectiveness of thermal printer has significantly led its use in barcode printing, which in turn will continue to drive growth of the thermal printer market.

Aforementioned insights are gleaned from the report titled “Global Market Study on Thermal Printer: Mobile Thermal Printer Sales Elevate, with Escalating Demand for Mobility, Convenience, & Efficiency in Printing, Among Retailer,” which has been recently added to the vast repository of Market Research Reports Search Engine (MRRSE). The thermal printer market has been foreseen to record an impressive 6.6% CAGR, to surpass revenues worth US$ 4 Bn by 2028-end.

Retail and consumer goods sector, which include sub-sectors such as clothing & apparel, food & beverages, and grocery products, will continue to subjugate the thermal printer market during the period of forecast. This can be primarily attributed to high adoption rate among wholesalers and retailers for printing invoice receipts, tags, and barcodes. Low-cost and high performance of thermal printer will remain a key factor driving their adoption among retailers. However, revenues from the institutional end-users, which include banking & financial services, healthcare, and hospitality, will register a relatively faster growth through 2028.

Thermal Printer Market: Report Contents

The main aim of the report is identifying opportunities in the thermal printer market, and present updates and insights on various aspects of the thermal printer market. Important dynamics such as growth drivers, impediments, trends, and opportunities are addressed, and an in-depth analysis on these aspects has been delivered in the report.

Forecast values on the thermal printer market is provided by the report in terms of value (US$ Mn) and year-on-year (Y-o-Y) growth. This is further expected to enable the thermal printer providers to recognize latent opportunities and predictability of the thermal printer market. The report divides the thermal printer market categorically into four key segments, namely, product type, end-use, printing speed, and region.

The report also includes a weighted section on the competitive landscape of the thermal printer market, which offers a dashboard view of the companies identified and profiled. Key market players, which significantly underpin growth of the thermal printer market, include Domino Printing Sciences PLC, TransAct Technologies Incorporated, Shenzhen ICOD Digital Co., Ltd, Shandong New Beiyang Information Technology Co., Ltd, and Bematech International Corporation.

Thermal Printer Market: Research Methodology

Analysis & forecast delivered by the report on the thermal printer market are based on a proven & tested research methodology. The research methodology involves a homogenous blend of comprehensive primary and secondary researches. A detailed secondary research has helped to arrive at data points that include regional and market split based on the aforementioned market segments.

The report also includes forecast on the thermal printer market based on revenues generated from sales of these packaging solutions worldwide across the retail industry. Data collected through the research approaches adhered has been triangulated with the help of different analyses on the basis of dynamics, supply side, and demand side of the thermal printer market.

Browse Full Global Thermal Printer Market Report with TOC :

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