The global portable printer market is anticipated to reach USD 10,522 Million by 2022. With the increasing use of smart devices such as tablets and smartphones, the overall demand for portable printers is projected to grow at a CAGR of 7.6% between 2022 and 2032, surpassing a valuation of USD 21,909 Million by 2032.
Portable printers, also known as mobile printers, are small and light peripheral devices that may be linked to a computer by Bluetooth or a universal serial bus (USB). Business travelers use them to update papers and exchange them with clients. They are also used in gas stations, stores, credit card terminals, hotels, and restaurants to print bill receipts.
Furthermore, portable printers increase the efficiency of the operations team and front-line personnel by allowing them to swiftly create invoices. As a result, these printers are widely used in the retail, healthcare, hospitality, manufacturing, e-commerce, and logistics industries all over the world.
| Data Points | Key Statistics |
|---|---|
| Portable Printer Market Value 2022 | USD 10,522 Million |
| Portable Printer Market Projected Value (2032) | USD 21,909 Million |
| Portable Printer Market CAGR (2022 to 2032) | 7.6% |
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The global demand for the portable printer is projected to increase at a CAGR of 7.6% during the forecast period between 2022 and 2032, reaching a total of USD 21,909 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 5.2%.
The growing number of mobile workers is a major element driving the worldwide portable printer market. Portable printers, ranging from small handheld versions to big cart-mounted printers, use wireless network connections. Portable printers come in a variety of shapes and sizes, allowing them to work in a variety of settings.
Portable printers, like stationary printers, are simple to operate, lightweight, and robust, with the high print quality and support for a wide range of media.
Portable printers can be linked to a local area network (LAN) using an 802.11b/g wireless interface, and they can accept commands from smartphones, laptops, and tablets via both cabled and wireless connections.
Portable printers are used to print specific printing applications such as barcode/RFID labels, tags, tickets, and receipts, which need fine-tuning of characteristics such as the printer's print speed and darkness setting, which are not available on standard office printers.
Work-from-home and remote working popularity will fuel market growth
During the pandemic, a huge number of enterprises in the Asia Pacific area shifted to remote working. Employees needed the necessary tools to help them transition to a mobile workforce. Sales, logistics, and retail, in particular, require quick printing of receipts, tokens, tickets, invoices, shipping labels, barcodes, and so on, boosting the demand for portable printers.
Furthermore, the worldwide portable printer market is expected to be pushed by increased internet penetration globally. An estimated 75.58 billion IoT devices (smart devices connected through the internet) will be deployed globally by 2025. In addition, the rising usage of smart gadgets and portable electronics will boost the market growth in the next years.
The Expansion of Online Industries will Drive Portable Printer Market Development throughout the Projected Period
Online companies such as e-commerce, online meal delivery services, grocery delivery services, and logistics have gained major traction in recent years, particularly in Asia Pacific and Latin America's rising markets. Brazil, Mexico, China, South Korea, India, and ASEAN nations are among them.
Along with e-receipts, these organizations must meet consumer demands for on-demand barcode, receipt, and label printing, which is projected to continue in the coming years and boost the portable printer market expansion.
Principal Consultant
The High Cost of Research is projected to limit Worldwide Market Expansion
For the portable printer industry to benefit from market trends, innovation is required. This needs design centers and a well-established Research and Development staff. The cost of research varies according to geography, as does the cost of production. This is expected to stifle market expansion to some degree.
However, due to their existing research institutions, Europe and the USA are projected to lead the industry. Asian nations such as China, Taiwan, and the Philippines have lately begun to expand innovation centers and units to produce technologically superior portable printers, which will aid the market in overcoming restrictions.
North America is expected to dominate the market by acquiring the highest market share of 25.3% during the forecast period. Owing to the constant focus on improving customer experience and mobile worker efficiency in the USA is accelerating the demand for a portable printers.
In addition, increased usage of portable printers in the retail and healthcare sector is the key factor driving the USA portable printer market size. Moreover, the growing BYOD policy in the USA is the top factor that drives the market share. The key players are investing in the portable printer with rising smart devices flourishing the USA portable printer market growth.
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Europe is likely to secure a share of 19.8% in the portable printer market during the forecast period. The rising healthcare, retail, and transport industry in the United Kingdom& is likely to increase the adoption of the portable printer during the forecast period.
Moreover, the key manufacturers are focusing on the innovation of portable printers with modern technology to work faster and more accurately during the forecast period.
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Asia Pacific portable printer market is expected to accumulate a significant market share of 12% during the forecast
Korean market is likely to secure a significant share in the region by rising numbers of mobile users during the forecast period. With the increasing emphasis on simplifying receipt and order administration, the Korean portable printer market share surging in recent years.
Korea is one of the fastest growing countries, which contributes phenomenal CAGR in the region by rising numbers of small enterprises. Moreover, growing numbers of key manufacturing industries and rising start-ups are adding value to the market and are likely to increase the adoption of the portable printer in Korea.
Japan is known for its highly advanced technology in the region. However, it secures the maximum share of the portable printer market in the region during the forecast period. Rising portable printers and growing demand for the mobile printer is key factors that accelerate the market share.
The rise in adoption of small, smart, and movable devices is flourishing the market size. Moreover, consumers' attraction towards the devices due to their great flexibility, accuracy, and productivity is increasing the Japan portable printer market growth during the forecast period.
The key manufacturers are using several marketing tactics in Japan to uplift the size of the market through acquisitions, mergers, and product launches in the market.
Constant Focus on Improving Customer Experience to Fuel the Market Growth
The portable printer market in North America is expected to accumulate the highest market share of 25.3% in 2022. Owing to the constant focus on improving customer experience and mobile worker efficiency, North America, is likely to provide a large market share. The USA Because of the increased usage of portable printers in the retail and healthcare sectors is the dominant country in the North American area.
Increasing Number of Mobile Users Fuel the Market Growth
The portable printer market in Asia Pacific is expected to accumulate a significant market share of 12% in 2022 and is expected to continue to maintain the trend over the forecast period as well.
Because of the rising number of mobile users and the increased emphasis on simplifying receipt and order administration, Asia Pacific is expected to be the fastest-growing portable printer market.
The Asia Pacific region's market has been steadily growing due to an expanding mobile workforce and a rising need for easier receipts for order management. China alone is predicted to develop at a phenomenal CAGR between 2022 and 2032. Another element contributing to development in this region is the rising number of small enterprises operating online and start-ups.
The portable printer market in Europe is expected to accumulate a market share value of 19.8% in 2022. Due to the constant focus on improving customer experience and mobile workforce productivity, Europe is likely to contribute a large market share.
The Thermal Printing Segment to Drive the Portable Printer Market
The printing technology category is separated into three categories: direct thermal, thermal transfer, and others. The thermal portable printer category grabbed the most market share in the entire portable printer industry.
The Transportation & Logistics Segment is Gaining the Most Traction
On the basis of the end-user industry portable printer is categorized into transportation & logistics, hospitals & healthcare, law enforcement, manufacturing, retail, and others. The transportation & logistics sector accounted for the lion’s share in the portable printers market and is anticipated to gain maximum traction during the forecast period.
The increased demand from the healthcare, logistics, e-commerce, and hospitality industries will propel this sector’s growth to new heights. Furthermore, the popularity of portable printers is rapidly expanding. Many businesses are using portable printers for their staff in order to boost productivity and operations. As a result, all of these factors will contribute to the portable printer market's rapid expansion.
Start-ups and their innovations are driving some of the most recent advances in the portable printer sector.
A portable printer gives the consumer actionable innovation intelligence and highlights some of the companies. Let's have a look at some of the primary areas of innovation in this industry:
ZIH Corp, Canon, Seiko Instruments GmbH, Toshiba TEC Corporation, Brother United Kingdom Ltd, HP Development Company, L.P., Epson, PrinterOn Inc., Fujifilm Holdings Corporation, and Polaroid are some of the important participants in the worldwide Portable Printer Market.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.6% from 2022 to 2032 |
| Market Value in 2022 | USD 10,522 Million |
| Market Value in 2032 | USD 21,909 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Printing Technology, Connecting Technology, End-User Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, China, Japan, South Korea, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | ZIH Corp; Canon; Seiko Instruments GmbH; Toshiba TEC Corporation; Brother United Kingdom Ltd; HP Development Company; L.P. Printing; Epson; PrinterOn Inc.; Fujifilm Holdings Corporation; Polaroid |
| Customization & Pricing | Available upon Request |
By 2022 end, sales of portable printer closed at a value of USD 10,522 Million
From 2016 to 2021, portable printer demand expanded at a CAGR of 5.2%
From 2022 to 2032, portable printer sales are expected to flourish at a CAGR of 7.6%
By 2032, the market value of portable printer expected to reach USD 21,909 Million
1. Executive Summary | Portable Printer Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Printing Technology 5.1 Direct Thermal 5.2 Thermal Transfer 5.3 Others 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Connecting Technology 6.1 Bluetooth 6.2 Other Wireless Network Technology 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By End User Industry 7.1 Transportation & Logistics 7.2 Hospitals & Healthcare 7.3 Law Enforcement 7.4 Manufacturing 7.5 Retail 7.6 Others 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1 North America 8.2 Latin America 8.3 Europe 8.4 South Asia 8.5 East Asia 8.6 Oceania 8.7 Middle East and Africa (MEA) 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East and Africa (MEA) Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1 ZIH Corp 18.2 Canon 18.3 Seiko Instruments GmbH 18.4 Toshiba TEC Corporation 18.5 Brother United Kingdom Ltd 18.6 HP Development Company 18.7 L.P. Printing 18.8 Epson 18.9 PrinterOn Inc. 18.10 Fujifilm Holdings Corporation 18.11 Polaroid 19. Assumptions & Acronyms Used 20. Research Methodology
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Portable Printer Market
