PUBLISHER: Grand View Research | PRODUCT CODE: 1574846
PUBLISHER: Grand View Research | PRODUCT CODE: 1574846
The global laser printer market size was estimated at USD 9.62 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. The growing need for efficient and high-speed printing solutions among enterprises and educational institutions is driving the market's growth. A laser printer is a printing device that utilizes a laser beam to generate high-quality text and graphics on paper. It operates by employing electrostatically charged toner and a heated fuser to transfer the toner onto the paper effectively.
Laser printers provide numerous advantages, such as high-speed output and exceptional print quality, which make them a favored option for both businesses and individuals. Renowned for their rapid printing capabilities, especially with large document volumes, laser printers are ideal in settings where quick turnaround times are critical. In addition, they offer cost-effectiveness; while the upfront investment may be higher, the cost per page is generally lower compared to inkjet printers, particularly for black-and-white printing.
The expansion of e-commerce and online retailing is significantly contributing to the growth of the global laser printer market. E-commerce businesses require substantial volumes of printed materials for packaging, shipping labels, invoices, and promotional inserts. Laser printers are well-suited for these tasks due to their high speed, reliable output, and ability to handle large print jobs efficiently. Online retailers benefit from the speed and efficiency of laser printers in processing large numbers of orders. Fast printing speeds help in reducing bottlenecks in packing and shipping operations, ensuring that orders are fulfilled promptly, which is critical in a competitive e-commerce environment.
Technological advancements have led to the development of laser printers capable of producing ultra-high-resolution prints, making them suitable for detailed graphics and complex documents. This is particularly beneficial in industries such as marketing and design, where print quality is paramount. Artificial Intelligence (AI)-driven predictive maintenance is becoming more prevalent in laser printers, allowing for proactive identification and resolution of potential issues before they cause downtime. This leads to increased printer uptime and reduced maintenance costs.
Companies manufacturing laser printers are investing in Research and Development (R&D) and continually launching new products. For instance, in June 2024, Brother Industries, Ltd. announced the launch of its latest Monochrome Laser Printer series, designed to enhance productivity and efficiency in modern workplaces. With high-speed printing, multifunction capabilities, and robust connectivity options, this series is the ideal solution for businesses seeking reliable, cost-effective printing with seamless workflows.
Global Laser Printer Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global laser printer market report based on printer type, connectivity, output, end use, and region: