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Global Thermal Printing Market growing at a CAGR of 5.1% from 2023 to 2030

Category : Semiconductor And Electronics | Published Date : Jun 2023

Key Market Overview

The global thermal printing market was valued at USD 41,797.61 million in 2022 and is expected to register a compound annual growth rate of 5.1% to reach USD 61,398.90 million in 2030.

The report highlights the increasing demand for thermal printers in retail, manufacturing, logistics, and healthcare industry for printing barcodes, labels, receipts, invoices, and others. Consegic Business Intelligence provides an inclusive research report on the thermal printing market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Thermal Printing Market By Overview

Global Thermal Printing Market

The report analyses significant segments such as printer type, format type, technology, end-user, and region, to identify emerging trends and potential opportunities. The printer type segment is expected to grow due to the increasing adoption of barcode technology in end-use industries. Moreover, the increasing adoption of RFID printers for encoding and printing RFID tags and labels is contributing to the growth of thermal printing market.

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Market Dynamics

Driver:

 

  • The growing adoption thermal printers in retail industry to improve customer service and streamlining checkout process is accelerating the growth of the market.
  • The rising adoption of thermal printers in logistics and shipping operations is accelerating the growth of the market.
  • The rapid expansion of e-commerce industry is driving the demand for thermal printers for printing barcodes, bills, and receipts, resulting in the market growth.

 

Restraints:

  • The inability of thermal printers to produce variable colors is hindering the growth of the market.
  • The availability of alternatives including RFID printers is restraining the growth of the market.

Market Segmentation:

Report Attributes Report Details
By Printer Type POS printers, Barcode printers, Kiosk & Ticket printers, RFID printers, and Card Printers
By Format Type Industrial Format, Desktop Format, and Mobile Format
By Technology Direct Thermal (DT), Thermal Transfer (TT), and Dye Diffusion Thermal Transfer (D2T2)
By End-User Transportation & Logistics, Retail, Healthcare, Manufacturing, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global thermal printing market is highly competitive due to the presence of major players such as Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Bioxolon, Brother International Corporation, Star Micronics Co., Ltd., Toshiba Tec Corporation, TSC Auto ID Technology Co., Ltd., Avery Dennison Corporation operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in thermal printing market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • Zebra Technologies Corporation
  • Sato Holdings Corporation
  • Honeywell International Inc.
  • Bioxolon
  • Brother International Corporation
  • Star Micronics Co., Ltd.
  • Toshiba Tec Corporation
  • TSC Auto ID Technology Co., Ltd.
  • Avery Dennison Corporation
  • Xiamen Rongta Technology Co., Ltd.
  • Fujitsu
  • Dascom