Mobile Printer Market Expected to Expand Owing to the Wide Scale Utilization of Mobile Printers with a CAGR of 20.1% by 2024
Global mobile printer market is expected to grow at a noteworthy CAGR of 20.1% over the forecast period. Moreover, the global mobile printer market is projected to attain significant revenue growth during the forecast period. The market is expected to expand owing to the wide scale utilization of mobile printers.
The global mobile printer market is segmented into technology such as thermal, inject and impact. Further, thermal mobile printer is classified into direct thermal and thermal transfer. Among these segments, thermal mobile printer segment captured the biggest market in overall mobile printer market and is expected to capture a significant CAGR by 2024. Further, wide scale application of thermal mobile printer in transportation and logistics is believed to flourish the growth of thermal mobile printer segment. Moreover, development of technologically advanced mobile printers such as thermal mobile printer which uses thermal papers is expected to garner the growth of Mobile Printer Market.
The transportation and logistics segment is expected to attain an outstanding CAGR over the forecast period. Moreover, rising number of population across the globe coupled with increasing transportation activities is augmented the demand for highly advanced printing machines to print the tickets, inventory and others is projected to foster the growth of transportation and logistics segment. In terms of geography, Asia Pacific captured the largest market share of global mobile printers in 2016. Furthermore, Asia Pacific grabbed more than 38.2% share in overall Mobile printer market. In Asia Pacific, China is the prominent market of Mobile printers. Additionally, presence of major key players of mobile printers in this region such as Toshiba Tec Corporation is also triggering the growth of mobile printer market.
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Technological Advancement of Mobile Printers
Rapidly evolving printer industry along with growth demand for portable printer which can be placed in a small place is augmenting the demand for mobile printers which in turn boost the revenue of mobile printers. Furthermore, development of mobile computing along with wireless communication technologies is expected to fuel the demand for the mobile printers during the forecast period.
Wide Scale Application of Mobile Printers
Factors such as rising utilization of mobile printers for Shipping labels, invoices, parcel tracking, delivery notes, and others is one of the key factors driving the growth of the global mobile printers market. Further, printing prescriptions on hospital wards and it can also caters operatives and public transport (tickets, fines, utility billing and meter reading is also envisioned to bolster the growth of the mobile printers globally.
On the contrary, lacks of awareness regarding the mobile printers are likely to hamper the growth of the mobile printer market by the end of 2024.
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The report titled “Mobile Printer Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global mobile printer market in terms of market segmentation by technology, by end-users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the Global Mobile Printer Market which includes company profiling of Impression Technology, Roland DGA Corporation, Shenzhen Maxcan Printing Machinery Equipment Co. Ltd., MeiTu Digital Indusrty Co., Ltd., Direct Color Systems, Sun Innovations, Gateway Technology Industry Co., Ltd., Axis Enterprises, Techwin Technology Co., Ltd., YOTTA UV Printers. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Mobile printer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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