NEW YORK, June 10, 2022 /PRNewswire/ — The increasing popularity of MFPs is driving the global laser printer market growth. Several vendors are launching multifunctional laser printers for various printing formats to support the diverse organizational print requirements. For instance, in January 2018, Brother International launched nine new models of monochrome laser printers and all-in-one printers for small and home offices. The popularity and adoption of MFPs in households and small and large corporates are expected to rise owing to their multiple functionalities.
The laser printer market size is anticipated to grow by USD 2.82 billion from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 4.51% during the forecast period.
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Key Challenges
The adoption of cloud data storage will challenge the global laser printer market growth. Companies are increasingly adopting cloud data storage architectures. They can deploy cloud-based data storage solutions, such as Google Drive and Dropbox, which have remote access features for documents. Cloud enables the online storage of data on remote servers. Cloud services also enable faster and easy uploading, retrieval, and sharing of documents, which reduces the need to print, store, and share documents in the hardcopy format.
Key Vendors and their Offerings
The market is concentrated, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the key vendors operating in the market include Brother Industries Ltd., Canon Inc., Dell Technologies Inc., HP Inc., Konica Minolta Inc., KYOCERA Corp., Lexmark International Inc., Oki Electric Industry Co. Ltd., Ricoh Co. Ltd., and Seiko Epson Corp. among others.
- Brother Industries Ltd. – The company offers mono-laser printers and color laser printers.
- Canon Inc. – The company offers laser printers under the brand, Laser Shot.
- Dell Technologies Inc. – The company offers black and white laser printers and color laser printers.
- HP Inc. – The company offers laser printers under the brand, HP LaserJet.
- Konica Minolta Inc. – The company offers laser printers under the brand, bizhub.
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Laser Printer Market Product Outlook (Revenue, USD bn, 2020-2025)
- Laser MFPs – size and forecast 2020-2025
- Laser SFPs – size and forecast 2020-2025
Laser Printer Market Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
- South America – size and forecast 2020-2025
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Regional Analysis
APAC is expected to account for 40% of the market’s growth during the forecast period. The presence of major laser printer manufacturers in the region will drive the market growth in APAC during the forecast period. Moreover, market growth in this region will be faster than the growth of the market in regions. China is a key country for the market in APAC.
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Table of Contents
Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 4.51%
Market growth 2021-2025
USD 2828.84 million
Market structure
Concentrated
YoY growth (%)
3.47
Regional analysis
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 40%
Key consumer countries
China, US, Japan, Germany, and India
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Brother Industries Ltd., Canon Inc., Dell Technologies Inc., HP Inc., Konica Minolta Inc., KYOCERA Corp., Lexmark International Inc., Oki Electric Industry Co. Ltd., Ricoh Co. Ltd., and Seiko Epson Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis – Electronic equipment and instruments market
3 Market Sizing
Exhibit 01: Parent market
Exhibit 02: Market characteristics
Exhibit 03: Value chain analysis – Electronic equipment and instruments market
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
Exhibit 04: Offerings of vendors included in the market definition
Exhibit 05: Market segments
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Product
Exhibit 08: Five forces analysis 2020 & 2025
Exhibit 09: Bargaining power of buyers
Exhibit 10: Bargaining power of suppliers
Exhibit 11: Threat of new entrants
Exhibit 12: Threat of substitutes
Exhibit 13: Threat of rivalry
Exhibit 14: Market condition – Five forces 2020
5.1 Market segments
Exhibit 15: Product – Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Laser MFPs – Market size and forecast 2020-2025
Exhibit 17: Laser MFPs – Market size and forecast 2020-2025 ($ million)
Exhibit 18: Laser MFPs – Year-over-year growth 2020-2025 (%)
5.4 Laser SFPs – Market size and forecast 2020-2025
Exhibit 19: Laser SFPs – Market size and forecast 2020-2025 ($ million)
Exhibit 20: Laser SFPs – Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Product
Exhibit 21: Market opportunity by Product
6 Customer landscape
Exhibit 15: Product – Market share 2020-2025 (%)
Exhibit 16: Comparison by Product
Exhibit 17: Laser MFPs – Market size and forecast 2020-2025 ($ million)
Exhibit 18: Laser MFPs – Year-over-year growth 2020-2025 (%)
Exhibit 19: Laser SFPs – Market size and forecast 2020-2025 ($ million)
Exhibit 20: Laser SFPs – Year-over-year growth 2020-2025 (%)
Exhibit 21: Market opportunity by Product
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 24: Geographic comparison
7.3 APAC – Market size and forecast 2020-2025
Exhibit 25: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 26: APAC – Year-over-year growth 2020-2025 (%)
7.4 Europe – Market size and forecast 2020-2025
Exhibit 27: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 28: Europe – Year-over-year growth 2020-2025 (%)
7.5 North America – Market size and forecast 2020-2025
Exhibit 29: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 30: North America – Year-over-year growth 2020-2025 (%)
7.6 MEA – Market size and forecast 2020-2025
Exhibit 31: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 32: MEA – Year-over-year growth 2020-2025 (%)
7.7 South America – Market size and forecast 2020-2025
Exhibit 33: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
Exhibit 23: Market share by geography 2020-2025 (%)
Exhibit 24: Geographic comparison
Exhibit 25: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 26: APAC – Year-over-year growth 2020-2025 (%)
Exhibit 27: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 28: Europe – Year-over-year growth 2020-2025 (%)
Exhibit 29: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 30: North America – Year-over-year growth 2020-2025 (%)
Exhibit 31: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 32: MEA – Year-over-year growth 2020-2025 (%)
Exhibit 33: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
Exhibit 35: Key leading countries
Exhibit 36: Market opportunity by geography ($ million)
8.1 Market drivers
8.2 Market challenges
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
Exhibit 37: Impact of drivers and challenges
9.1 Vendor landscape
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10 Vendor Analysis
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Brother Industries Ltd.
Exhibit 43: Brother Industries Ltd. – Overview
Exhibit 44: Brother Industries Ltd. – Business segments
Exhibit 45: Brother Industries Ltd. – Key news
Exhibit 46: Brother Industries Ltd. – Key offerings
Exhibit 47: Brother Industries Ltd. – Segment focus
10.4 Canon Inc.
Exhibit 48: Canon Inc. – Overview
Exhibit 49: Canon Inc. – Business segments
Exhibit 50: Canon Inc. – Key news
Exhibit 51: Canon Inc. – Key offerings
Exhibit 52: Canon Inc. – Segment focus
10.5 Dell Technologies Inc.
Exhibit 53: Dell Technologies Inc. – Overview
Exhibit 54: Dell Technologies Inc. – Business segments
Exhibit 55: Dell Technologies Inc. – Key news
Exhibit 56: Dell Technologies Inc. – Key offerings
Exhibit 57: Dell Technologies Inc. – Segment focus
10.6 HP Inc.
10.7 Konica Minolta Inc.
Exhibit 63: Konica Minolta Inc. – Overview
Exhibit 64: Konica Minolta Inc. – Business segments
Exhibit 65: Konica Minolta Inc. – Key news
Exhibit 66: Konica Minolta Inc. – Key offerings
Exhibit 67: Konica Minolta Inc. – Segment focus
10.8 KYOCERA Corp.
Exhibit 68: KYOCERA Corp. – Overview
Exhibit 69: KYOCERA Corp. – Business segments
Exhibit 70: KYOCERA Corp. – Key news
Exhibit 71: KYOCERA Corp. – Key offerings
Exhibit 72: KYOCERA Corp. – Segment focus
10.9 Lexmark International Inc.
Exhibit 73: Lexmark International Inc. – Overview
Exhibit 74: Lexmark International Inc. – Product and service
Exhibit 75: Lexmark International Inc. – Key news
Exhibit 76: Lexmark International Inc. – Key offerings
10.10 Oki Electric Industry Co. Ltd.
Exhibit 77: Oki Electric Industry Co. Ltd. – Overview
Exhibit 78: Oki Electric Industry Co. Ltd. – Business segments
Exhibit 79: Oki Electric Industry Co. Ltd. – Key offerings
Exhibit 80: Oki Electric Industry Co. Ltd. – Segment focus
10.11 Ricoh Co. Ltd.
Exhibit 81: Ricoh Co. Ltd. – Overview
Exhibit 82: Ricoh Co. Ltd. – Business segments
Exhibit 83: Ricoh Co. Ltd. – Key news
Exhibit 84: Ricoh Co. Ltd. – Key offerings
Exhibit 85: Ricoh Co. Ltd. – Segment focus
10.12 Seiko Epson Corp.
Exhibit 86: Seiko Epson Corp. – Overview
Exhibit 87: Seiko Epson Corp. – Business segments
Exhibit 88: Seiko Epson Corp. – Key news
Exhibit 89: Seiko Epson Corp. – Key offerings
Exhibit 90: Seiko Epson Corp. – Segment focus
11 Appendix
Exhibit 41: Vendors covered
Exhibit 42: Market positioning of vendors
Exhibit 43: Brother Industries Ltd. – Overview
Exhibit 44: Brother Industries Ltd. – Business segments
Exhibit 45: Brother Industries Ltd. – Key news
Exhibit 46: Brother Industries Ltd. – Key offerings
Exhibit 47: Brother Industries Ltd. – Segment focus
Exhibit 48: Canon Inc. – Overview
Exhibit 49: Canon Inc. – Business segments
Exhibit 50: Canon Inc. – Key news
Exhibit 51: Canon Inc. – Key offerings
Exhibit 52: Canon Inc. – Segment focus
Exhibit 53: Dell Technologies Inc. – Overview
Exhibit 54: Dell Technologies Inc. – Business segments
Exhibit 55: Dell Technologies Inc. – Key news
Exhibit 56: Dell Technologies Inc. – Key offerings
Exhibit 57: Dell Technologies Inc. – Segment focus
Exhibit 63: Konica Minolta Inc. – Overview
Exhibit 64: Konica Minolta Inc. – Business segments
Exhibit 65: Konica Minolta Inc. – Key news
Exhibit 66: Konica Minolta Inc. – Key offerings
Exhibit 67: Konica Minolta Inc. – Segment focus
Exhibit 68: KYOCERA Corp. – Overview
Exhibit 69: KYOCERA Corp. – Business segments
Exhibit 70: KYOCERA Corp. – Key news
Exhibit 71: KYOCERA Corp. – Key offerings
Exhibit 72: KYOCERA Corp. – Segment focus
Exhibit 73: Lexmark International Inc. – Overview
Exhibit 74: Lexmark International Inc. – Product and service
Exhibit 75: Lexmark International Inc. – Key news
Exhibit 76: Lexmark International Inc. – Key offerings
Exhibit 77: Oki Electric Industry Co. Ltd. – Overview
Exhibit 78: Oki Electric Industry Co. Ltd. – Business segments
Exhibit 79: Oki Electric Industry Co. Ltd. – Key offerings
Exhibit 80: Oki Electric Industry Co. Ltd. – Segment focus
Exhibit 81: Ricoh Co. Ltd. – Overview
Exhibit 82: Ricoh Co. Ltd. – Business segments
Exhibit 83: Ricoh Co. Ltd. – Key news
Exhibit 84: Ricoh Co. Ltd. – Key offerings
Exhibit 85: Ricoh Co. Ltd. – Segment focus
Exhibit 86: Seiko Epson Corp. – Overview
Exhibit 87: Seiko Epson Corp. – Business segments
Exhibit 88: Seiko Epson Corp. – Key news
Exhibit 89: Seiko Epson Corp. – Key offerings
Exhibit 90: Seiko Epson Corp. – Segment focus
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 91: Currency conversion rates for US$
11.3 Research methodology
Exhibit 92: Research Methodology
Exhibit 93: Validation techniques employed for market sizing
Exhibit 94: Information sources
11.4 List of abbreviations
Exhibit 95: List of abbreviations
About Technavio
Exhibit 91: Currency conversion rates for US$
Exhibit 92: Research Methodology
Exhibit 93: Validation techniques employed for market sizing
Exhibit 94: Information sources
Exhibit 95: List of abbreviations
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Contacts
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