Business Printer Market Definition
Business printer is refer as a printer which is a peripheral device that makes a persistent representation of graphics or text on paper. The market of business printer is growing due to the factors like growing application in end use industry. It is all in one printer which allows printing, scanning and photocopying and faxing. But there are some factors which are hindering the market like high initial investment and growing availability of cheaper substitute.
The market study is broken down by Type (Lithographic, Digital, Flexographic, Screen, Gravure print technologies and Other), by Application (Advertising, Periodicals, Labels and wrappers, Office products, Catalogsand directories and Other) and major geographies with country level splits.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment.
Xerox (United States), Hewlett-Packard (United States), Ricoh Company (Japan), Konica Minolta (Japan), Canon (Japan), Agfa and Gevaert (Belgium), EFI Electronics (United States), Eastman Kodak Company (United States), Inca Digital Printers (United Kingdom) and Miyakoshi Co (Japan) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Business Printer market by Type, Application and Region.
On the basis of geography, the market of Business Printer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Business Printer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Demand from label and packaging printing
- Increased usage in publishing industry
- High demand from media and advertising industry
- Availability of a wide range of options
- Demand from business markets
- High initial investment cost
- Competition from substitute technology
- Rising demand for digital advertisements and e-books
Key Target AudienceBusiness printing providers, Label & packaging printing providers, In-market printing providers, Advertisement & promotional print providers, Security printing providers, Research organizations and consulting companies, Technology providers and Electronic hardware equipment manufacturers
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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