Laser Printer Market
The use of printers is quintessential in offices and homes, and this is estimated to bolster the laser printer market in 2020. The consumer electronic devices reports are made by Market Research Future, which includes market possibilities for advancement. A USD 2,322 Million income is forecasted by 2023 while developing at 16% CAGR in the forecast period.
The collective demand for multi-function printers is predicted to shape the laser printer market share in the upcoming period. The upsurge in government kiosk centres is anticipated further to stimulate the laser printer market in the approaching period. The improvement in output speeds is estimated to spur the global laser printer market in the impending period.
Segmental Analysis
The segmental assessment of the laser printer market is carried out on the basis of end-user, type and region. On the basis of type, the laser printer market is segmented into single function and multi-function. Based on the end-user, the laser printer market comprises of individual users, large enterprises, government, SMEs, and others. On the basis of regions, the laser printer market is segmented into Asia Pacific, Europe, North America, and the rest of the regions in the global market.
Detailed Regional Analysis
The regional investigation of the laser printer market comprises of regions such as Asia Pacific, Europe, North America, and the rest of the regions in the global market. The analysis notes that the North American laser printer market is likely to control the main portion of the market. In contrast, the Asia Pacific laser printer market is projected to progress at the most rapid rate over the forecast period. The chief expansion in the laser printer industry in the North American region is attributed to the scientific signs of progress and mounting demand from numerous industry verticals in that region. The collective demand for mobile communication and consumer electronics in the region is attributed to the strong presence of the nations of Canada and the U.S. in the North American region. The European region is also estimated to show considerable progress in the laser printer market through the course of the forecast period.
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Competitive Analysis
The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market. The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The contender's progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period. The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise. The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization.
The formidable companies in the laser printer market are Fuji Xerox Co., Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Dell, Inc. (U.S.), H.P. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), x Fuji Xerox Co., Ltd. (Japan), Kyocera Corporation (Japan), Canon, Inc. (Japan), Seiko Epson Corporation (Japan) and others.
Industry Updates:
Jul 2020 A group from Max-Planck-Institut für Eisenforschung (MPIE – iron research) in Düsseldorf and the Fraunhofer Institute for Laser Technology, in Aachen, has established a process that permits the hard-yet-tough "Damascus" kind of steel to be formed layer by layer in a laser 3D printer. The rigidity of each separate layer can be precisely adjusted. Such mixtures could be of interest for aerospace components or tools shaped with 3D printers.