PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552501
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552501
The global pocket printer market size is expected to reach USD 3,479.88 million by 2032, according to a new study by Polaris Market Research. The report "Pocket Printer Market Size, Share, Trends, Industry Analysis Report: By Technology (Impact, Inkjet, Thermal), By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The pocket printers market growth is being driven by the expansion of the consumer electronics industry worldwide. The production of consumer electronics is growing due to the widespread use of smartphones, tablets, and other mobile gadgets. This increase is generating a need for portable accessories and stimulating the development of advanced printing solutions. Consequently, the growth of consumer electronics and the demand for mobile printing solutions is propelling the growth of the pocket printer market, as pocket printers enable the direct printing of photos, documents, and other materials from electronic devices.
Additionally, customization and personalization are driving the growth of the pocket printer market. Consumers are seeking products that reflect individuality and are focusing on personalized items. Pocket printers cater to this need by enabling users to print custom designs, photos, and text directly from their smartphones or tablets. This capability pleads to a wide range of consumers, including small business owners, looking to create customized marketing materials.
Printing solution providers are frequently releasing new pocket printers with improved features to enhance print quality, increase printing speeds, and offer more connectivity options. The introduction of printers with these innovative features is attracting a diverse customer base and addressing various preferences and needs for printing solutions. As a result, the constant innovation and arrival of new pocket printers are creating a dynamic and competitive market, which is contributing to the growth of the pocket printer market.
Additionally, countries around the world are witnessing growth in the travel and tourism industry due to increased global connectivity and affordable air travel. This growth has led to a greater focus from tourists on portable and convenient printing solutions that easily fit into their luggage and provide immediate, high-quality prints of their experiences. Consequently, the pocket printer market is expanding globally.
The thermal technology segment within the portable printer market is anticipated to experience substantial growth due to its favorable advantages over ink-based printing methodologies. These printers are highly acknowledged for their minimal maintenance requirements.
In 2023, the retail segment dominated the market in terms of revenue share because of the increasing convenience, efficiency, and expanding applications of pocket printers within the retail sector.
The North America pocket printer market held the highest revenue share due to the strong presence of major manufacturers such as Seiko Epson Corp., Eastman Kodak Company, HP Development Company, L.P., LG Electronics, and Canon Inc. in this market.
The China pocket printer market is anticipated to grow substantially due to an increasing number of product launches by China-based multinational corporations. These manufacturers are capitalizing on their robust R&D capabilities to develop economical pocket printer solutions.
The global key market players are BIXOLON Co., Ltd, Canon Inc., Eastman Kodak Company, FUJIFILM Corporation, HP Development Company, L.P., LG electronics, Life Print Photos, PeriPage, Phomemo, Polaroid, and Seiko Epson Corp.
Polaris market research has segmented the pocket printer market report based on technology, application, and region:
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