The global thermal & inkjet disc printers market revenue totaled USD 338.4 million in 2023. The thermal & inkjet disc printers market is expected to reach USD 632.8 million by 2033, declining at a CAGR of - 6.1% in the forecast period from 2023 to 2033.
| Attributes | Key Statistics |
|---|---|
| Global Thermal & Inkjet Disc Printers Market Estimated Size (2023E) | USD 338.4 million |
| Projected Market Valuation (2033F) | USD 632.8 million |
| Value-based CAGR (2023 to 2033) | - 6.1% |
| Collective Value Share of Top 5 Vendors | Around 55 to 0% |
The thermal and inkjet disc printers market currently represents around 1.9% of sales in the global printer market. Over the last few years, significant shifts in text and data storage capabilities have occurred across businesses and consumers. These shifts are leading to the decreased adoption of media discs and may contribute to the decline of the thermal and inkjet disc printers market.
Moreover, raw material costs and decreasing profit margins associated with optical discs would contribute to lower sales and reduced demand for thermal and inkjet disc printers. The adoption of thermal & inkjet disc printers has substantially reduced owing to the rising demand for cloud-based storage systems for high speed and convenience.
Cloud-based storage services are often offered at affordable prices with enhanced document security and accessibility in real-time among multiple users, which can reduce demand in the market. Thus, enterprises' and end-use consumers' increasing preference for digital downloads over physical storage devices may restrain growth in the thermal and inkjet disc printers market.
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The thermal & inkjet disc printers market is projected to decline at -6.1% CAGR between 2023 and 2033, compared to -5.1% CAGR exhibited during the historical period. The high popularity of CDs and DVDs owing to their various benefits, such as more storage capacity, affordability, easy availability, and a large amount of production, contributed to the high demand for CD/DVD thermal printers in the historical period.
Since the adoption of new technologies for data storage systems, the usage of thermal & inkjet disc printers will foresee a substantial decline owing to limitations in storage size of DVDs and CDs and a high probability of getting damaged products with dependency on computers & laptops.
South Asia & Pacific is estimated to be a gradually declining region in the thermal & inkjet disc printers market and is expected to decrease by 0.8x during the forecast period. Demand for recordable thermal & inkjet disc printers in the region is anticipated to be driven by the increasing use of optical discs in rural areas that haven't yet embraced contemporary storage technology. Slow urbanization in some South Asia & Pacific countries is expected to decline the popularity of optical discs and, in turn, push the thermal & inkjet disc printers market.
However, South Asian enterprises are gradually embracing new and connected technologies with the increased importance of digitization. Government initiatives for accelerating the secured storage of data while minimizing the probability of data corruption would also boost the region's potential for global expansion. Adoption of new technologies may, however, decline the use of thermal & inkjet disc printers in the area.
A major factor that limits adoption in the thermal & inkjet disc printers market is the rapid consumer shift towards advanced technologies for simplifying storing data, text, or images. Easy access to alternatives, which are faster and more convenient, and wide availability of substitutes to consumers would lead to a decline in the adoption of thermal & inkjet disc printers. Besides, several government initiatives to encourage the adoption of modern technologies would add to the declining graph of the market.
Additionally, the global thermal & inkjet disc printers market is anticipated to be stifled by technological developments in alternative storage technologies. Consumer preferences have changed substantially with the development of non-physical media with greater storage capabilities. Flexible and dependable storage platforms for accessibility and data storage can also lower the sales of thermal & inkjet disc printers.
Demand for Inkjet Disc Printers to Grow in the United States Media and Entertainment Industry
The United States thermal & inkjet disc printers market is expected to account for nearly 61.6% of the North American market share in 2023. The United States holds a large percentage of the thermal & inkjet disc printers market owing to the presence of various renowned players, higher adoption rates, and rapid advancements in printing technologies.
Besides, demand for thermal & inkjet disc printers is projected to surge in the United States due to increasing requirements of the media and entertainment industry for maintaining the quality of content since there is no other superior alternative than optical storage.
Furthermore, the thermal & inkjet disc printers market in the United States is expected to decline over the forecast period owing to the availability of advanced storage technologies and the increasing popularity of online streaming services with alternatives offering better data security.
Demand for Desktop Printers to Decline in the United Kingdom with High Popularity of Cloud Storage
The thermal & inkjet disc printers market in the United Kingdom is expected to account for nearly 22.5% of Europe's market share in 2023. Sales of thermal & inkjet disc printers are set to decline quickly in the country owing to a greater focus on on-premise and cloud data storage for increased cost-effectiveness, adaptability, and data storage efficiency.
Furthermore, as the sizes of organizations are increasing, the demand for secured data storage is also growing. Thus, the thermal & inkjet disc printers market in the United Kingdom is predicted to drop with surging advancements in storage technologies and rising adoption of the cloud, eliminating external hard drives and facilitating remote updating of files. This factor would ultimately reduce the adoption of thermal & inkjet disc printers in the United Kingdom
Disc Printers May Show Low Sales in India Backed by Innovation in Computing Technologies
According to FMI's new study, India is expected to decline at a CAGR of -0.9% during the forecast period. India has been experiencing growth in terms of the adoption of digital technologies with a rising population. Increasing adoption of cloud services and rising innovation in computing technologies are resulting in the declining state of the nationwide thermal & inkjet disc printers market.
Moreover, the growing trend for the Internet of Things (IoT), rising demand for portability, and development of new products with huge data capabilities owing to surging government investments for going digital would contribute to the decreasing adoption of thermal & inkjet disc printers across the country.
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| Category | Ribbon Type |
|---|---|
| Lading Segment | Monochrome Black |
| Market Share | 40.3% |
| Category | Ribbion Supplier |
|---|---|
| Lading Segment | OEM |
| Market Share | 51.2% |
The information reveals how the thermal and inkjet disc printer business has been divided into two distinct groups, each with its own name and market share. It discusses how monotone black ribbons, which account for 40.3% of the market, are the most popular choice for disc printing.
The data also demonstrates the enormous impact of OEMs as the top providers of ribbons, earning a sizeable market share of 51.2%. Together, these statistics provide a thorough picture of consumer preferences, market segmentation, and supplier trends in the thermal & inkjet disc printer sector.
Color Ribbons Are Preferred by Users of Thermal Printers Worldwide
The color ribbon type segment is projected to grow by 0.5x during the forecast period, says FMI. Economic digital printing is one of the key reasons which would contribute to the higher share of color disc printing in the global thermal & inkjet disc printers market.
Efficient, speedy, and smooth printing offered by color disc printing would increase the segment's share in the market during the forthcoming years. Also, a consistent finish with solid colors and backgrounds, as well as photo-realistic, waterproof labels of colored ribbons, would propel growth in the market.
Thermal Transfer Label Makers to Be Extensively Used due to Their High Durability
The thermal transfer printing segment is expected to account for nearly 43.8% of the global thermal & inkjet disc printers market share in 2023. Low printing cost with high printing speed is one of the key reasons for the surging adoption of thermal transfer printing in the market.
Several government organizations and educational institutes are adopting thermal transfer printing technology for high-quality and resolution precision printing. The adoption of thermal transfer printing technology for high speed, high durability, longer life, and noiseless operations would fuel the growth of the segment. Also, higher resolution, durability, and longer print head life of thermal transfer printing, as compared to direct thermal printers, is projected to boost the segment.
Consumers Are Likely to Purchase Inkjet Disc Printers from OEMs
The original equipment manufacturer (OEM) segment is expected to grow by 0.6x during the forecast period, finds FMI. Original equipment manufacturers hold a considerable share in the thermal and inkjet disc printers market due to various benefits offered by them, such as quicker response and better quality of products & services.
Moreover, several OEMs in the thermal and inkjet disc printer field are concentrating on research and development activities and technology incorporation across their manufacturing processes for product enhancement and boosting the demand for new products. Availability of cost-effective products, efficient, professional services, and the ability of OEMs to provide warranty of the same are some of the key factors that would push the segment.
Thermal & inkjet disc printers market players are emphasizing research and development activities, enterprise collaborations, technology incorporation, and product innovation to generate more sales, strengthen their positions, expand geographic footprints, and maintain a strong foothold in the market.
For instance :
Thermal and inkjet disc printers have grown in terms of popularity in the recent past, owing to which, manufacturers are trying their level best to consolidate their positions. The boom in the e-commerce industry, combined with growing consumer confidence, has meant that manufacturers need to be agile to stay competitive in this space. New product launches are a key strategy of leading players, as it allows them to showcase their broad portfolios.
For instance, in May 2023, Videojet Technologies announced the global release of V4250 ink, designed to penetrate the condensation characteristic of cold-fill, non-returnable beverage packaging while using less makeup. V4250 is a safer, more environmentally friendly alternative to inks made from MEK as it doesn't include acetone, methanol, or CMRs (carcinogens, mutagens, or reproductive poisons).
Further, the company announced the launch of an innovative label print and applied system known as Videojet 9550. Due to its ground-breaking design, which does away with mechanical adjustments, wear parts, and failure spots, end users continue to prefer the Videojet 9550 print and apply system. The new 9550 6-inch tamp model adds to the capabilities of the currently available Videojet 9550 4-inch tamp model by providing even greater versatility for labeling pallets, bundles, and cases with different heights.
The company is also keenly focusing on partnerships. In 2021, it announced a new partnership with Software, a global leader in enterprise labeling and artwork management solutions. Both companies focus on transforming how businesses automate printing across production lines, factories, and warehouses. Further, customers can control all their printing devices from a single, integrated digital solution, with coverage spanning from thermal printers for the supply chain to production devices for marking and coding.
In 2021, the company introduced Videojet SureShot, a cutting-edge module which was created to work with pairs of Videojet continuous inkjet (CIJ) printers. Production and maintenance can also be streamlined with the new module. Videojet Technologies is a world leader in coding, marking, and printing solutions.
HP, another reputed name in the thermal and inkjet disc printer field, is currently focusing on consolidating its position through new product launches. For instance, for high-volume production of digital single-face lamination, corrugation, and folding carton applications, HP announced the launch of its new HP PageWide T700i Press, a new 67 in. (1.7 m), a digital web-fed platform that aids converters in achieving improved operational efficiency.
The HP PageWide T700i Press provides many in-line options for manual or continuous unwinding, priming, varnishing, and delivery in roll and sheet format. It is anticipated to be available for installation in late 2023.
The commercial release of HP Inc.'s Metal Jet S100 Solution was announced at the 2023 International Manufacturing Technology Show (IMTS). HP's Metal Jet S100 Solution is revolutionizing industries and assisting in the scaling up of 3D metals to mass production by speeding up creative designs and products & digitally printing large volumes of high-quality parts.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 338.4 million |
| Projected Market Valuation (2033) | USD 632.8 million |
| Value-based CAGR (2023 to 2033) | -6.1% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2023 |
| Market Analysis | Value (USD million) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, and South Africa. |
| Key Segments Covered | Ribbon Type, Ribbon Supplier, Technology, and Region. |
| Key Companies Profiled | Seiko Epson Corporation; Primera Technology, Inc; Formats Unlimited, Inc (MF Digital); Rimage Corporation; Microboards Technology; Casio Computer Co., Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The thermal & inkjet disc printers market size is valued at USD 338.4 million in 2023.
The thermal & inkjet disc printers market developed at a negative 5.1% CAGR from 2018 to 2022.
The thermal & inkjet disc printers market is predicted to develop at a declining 6.1% CAGR through 2033.
The color ribbon type segment leads the thermal & inkjet disc printers market.
The thermal & inkjet disc printers market is projected to reach USD 632.8 million by 2033.
| Market Value (2023) | USD 13.3 billion |
|---|---|
| Market Expected Value (2033) | USD 28.4 billion |
| Market Projected CAGR (2023 to 2033) | 7.8% |
| Market Value (2022) | USD 4,188.60 Million |
|---|---|
| Market Anticipated Value (2032) | USD 8,552.87 Million |
| Projected Growth Rate (2022 to 2032) | 7.4% |
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