The global sales of NCR (No Carbon Required) printers are estimated to be worth USD 1.8 billion in 2021 and are anticipated to reach a value of USD 3.0 billion by 2031. Sales are projected to rise at a CAGR of 5.1% over the forecast period between 2021 and 2031. The revenue generated by NCR printers in 2020 was USD 1.7 billion.
High demand for high-speed printing devices and solutions among major end-users is expected to fuel the demand for NCR printers. The need for efficient and multicopy documents printing across various industries upscale the market. The current need for multicopy business forms, receipts, invoices across sectors like retail, healthcare, logistics, and finance is majorly driving the NCR printers demand.
Advancements and innovations in printing technology inclosing printing speeds, higher resolution, and better integration with digital systems is bolstering the demand or NCR printers. Heavy printing demand for documentation and transactions due to expansion of retail and service sectors is boosting the NCR printers demand.
Global NCR Printers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.7 billion |
| Estimated Size, 2021 | USD 1.8 billion |
| Projected Size, 2031 | USD 3.0 billion |
| Value-based CAGR (2021 to 2031) | 5.1% |
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The innovation-driven end-user industries such as food & beverages, retail and other industries are focusing on cost-saving practices to increase their profitability, along with usage of time-saving products & solutions.
As a result of continuous research & development, the manufacturers have developed NCR printers, which offers easy printability on NCR papers to the end-users as and when required by them.
The printers offering printing on NCR papers are gaining worldwide popularity, due to high demand among the various retail and industrial facilities across the regions. Increased acceptance among modern-day retail facilities, these NCR printers offer a time-saving solution for sellers and service providers to maintain their stores at their convenience.
Moreover, the global NCR printers market is expected to expand at a positive rate over the next decade.
The NCR printers offer thermal printing solutions at a fast pace as compared to other traditional printers, which saves the time of the consumer as well as shopkeeper during the time of checkout, which results in customer satisfaction.
Thus, the time-saving benefit offered by these printers increases the efficiency during rush hours and contributes to the increased demand for NCR printers across the globe.
In comparison with other printers these NCR printers use 45% less paper, moreover the operators of retail facilities, food joints need not change the paper rolls during business hours, providing huge cost benefits on the paper roll costs incurred by end-users.
Thus, the above-mentioned cost-saving benefits make NCR printers an affordable printing solution for small & medium-sized businesses as well.
Additional features such as low initial cost, portability and USB connectivity are the most important USP’s of the NCR printers, in addition to that the NCR POS (point of sales) printers are space-saving solutions for stores or facilities not having enough space for large-sized printers. All these above-mentioned drivers indicate the exponential growth of the global NCR printers market between 2021 and 2031.
The NCR printers offer thermal printing solutions at a fast pace as compared to other traditional printers, which saves the time of the consumer as well as shopkeeper during the time of checkout, which results in customer satisfaction.
Thus, the time-saving benefit offered by these printers increases the efficiency during rush hours and contributes to the increased demand for NCR printers across the globe.
In comparison with other printers these NCR printers use 45% less paper, moreover the operators of retail facilities, food joints need not change the paper rolls during business hours, providing huge cost benefits on the paper roll costs incurred by end-users.
Thus, the above-mentioned cost-saving benefits make NCR printers an affordable printing solution for small & medium-sized businesses as well.
Additional features such as low initial cost, portability and USB connectivity are the most important USP’s of the NCR printers, in addition to that the NCR POS (point of sales) printers are space-saving solutions for stores or facilities not having enough space for large-sized printers. All these above-mentioned drivers indicate the exponential growth of the global NCR printers market between 2021 and 2031.
Principal Consultant
During the usage of NCR printers, the fast speed printing deteriorates the quality of print and results in low-quality print on the NCR paper, moreover, these printers cannot print graphics or other characters which makes them non-usable for retailers willing to print graphics or designs.
Furthermore, it has a negative impact on global sales of NCR printers and hampers long term growth.
Increased usage of traditional large-sized printers indirectly affects the sale of NCR printers, as these solutions are not popular in the developing as well as underdeveloped markets on the globe, which in turn affects the global reach of NCR printers.
Key manufacturers of NCR printers have launched printers offering printability on both sides of the receipt, which can be used as a profitable growth opportunity by key players and marketers, they can market their product by highlighting the benefits of dual side printing. As a retailer one can print the receipt on one side and can advertise or market its brand name on the other side.
NCR printers use NCR papers for printing which are an environmentally friendly substitute to carbon paper, which are having huge demand among the environmentally concerned consumer bases.
Thus, sustainability and environmental friendliness can help key players to position themselves as sustainable practitioners in the developing as well as developed markets and contributes to the overall future growth of the global NCR printers market.
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The intrinsic growth witnessed by the foodservice industry in the country along with small and medium-sized retailers also opting for organized printing and record-keeping solutions for their outlets makes the US the largest market for the NCR printers market.
Moreover, the growing demand for portable printing solutions offering a convenient and hassle-free checkout experience to the final customers are also gaining traction in the country, all these above-mentioned trends are anticipated to fuel the demand for NCR printers over the forecasted decade.
The recent boom witnessed by the organized retail industry in the country, along with the largest unorganized retail market in the world offers immense growth opportunities to the manufacturers of NCR printers to penetrate as well as a benefit on profitable growth opportunities offered by India over the next decade.
Easy availability of raw materials used in the production of NCR printers and supportive government policies encouraging exports of all types of electronic hardware solutions makes China the fastest growing offering market for NCR printers.
In addition to that key global players shifting their manufacturing facilities to the country for achieving economies of scale is anticipated to provide a much-needed boost for the development of the NCR printers market in the country.
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NCR Printers Market
