Multi-Functional Printer Global Market Report 2024

Description

A multifunction printer (MFP) is a device combining printing, scanning, copying, and faxing functionalities into one unit, aiming to streamline office workflows. Widely used in home and office environments, MFPs efficiently handle printing and document management tasks.

The main segments in the MFP market are color and monochrome MFPs. Color MFPs produce color prints and perform various functions such as printing, scanning, faxing, and photocopying. They come in different technologies such as LED, laser, and inkjet. These MFPs serve various applications including corporate, small and medium-sized businesses (SMBs), small office home offices (SOHO), and others.

The multi-functional printer market research report is one of a series of new reports from The Business Research Company that provide multi-functional printer market statistics, including multi-functional printer industry global market size, regional shares, competitors with multi-functional printer market share, detailed multi-functional printer market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-functional printer industry. This multi-functional printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The multi-functional printer market size has grown strongly in recent years. It will grow from $30.69 billion in 2023 to $32.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historic period can be attributed to several factors, including cost efficiency, optimization of office space, environmental considerations, and integration with digital workflows.

The multi-functional printer market size is expected to see strong growth in the next few years. It will grow to $42.61 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. Forecasted growth is fueled by remote work tools, security enhancements, IoT integration, personalization, AI, and automation. Major trends include subscription models, cloud integration, eco-friendly solutions, AR support, and edge computing.

The multi-functional printer market is poised for significant growth, fueled by the increasing number of small and medium-scale businesses (SMEs) worldwide. SMEs, characterized by specific size criteria and typically having at least 50 employees, are experiencing growing demand due to the rising trend for personalized services tailored to consumers seeking distinctive products and customized services. Multi-functional printers play a crucial role in SMEs by providing versatile printing solutions that cater to various business needs, such as printing marketing materials, reports, or presentations, thereby enhancing operational efficiency and productivity. For example, in Canada, Statistics Canada reported that more than 315,000 small businesses were operating in rural and small town areas in 2021, constituting 15.3% of all small businesses in the country. Notably, there was a 5.2% increase in the total number of small rural and small town businesses, with significant expansion observed in sectors such as educational services and healthcare and social assistance between 2020 and 2021. This growth trend underscores the vital role of SMEs in driving the demand for multi-functional printers.

Key players in the multi-functional printer market are focusing on developing innovative solutions to cater to the evolving needs of SMEs, with a particular emphasis on mobile printing capabilities. For instance, SHARP Business Systems (India) Pvt. Ltd., a subsidiary of SHARP Corporation, launched the MX-M1206/M1056 series in August 2023. These high-speed mono multifunction printers are designed to meet the demanding needs of high-volume environments, featuring advanced functionalities such as a large color LCD touchscreen, seamless cloud printing, and support for popular mobile printing technologies. By offering efficient and secure printing solutions, these printers address the requirements of SMEs seeking to streamline their printing operations and enhance productivity.

In July 2023, HID Global, a US-based company specializing in secure identity products, acquired Evolis for Euro 228.6 million (approximately $246.8 million). This acquisition aims to bolster HID Global's printer portfolio and geographic footprint, positioning the company as a prominent player in the desktop printer market. Evolis, a France-based manufacturing company offering multi-functional card printers, brings complementary expertise and capabilities to HID Global, enabling the combined entity to cater to a diverse range of customers across various verticals. This strategic alignment strengthens HID Global's position in the market and enhances its capacity to meet the evolving needs of SMEs and other customer segments.

Major companies operating in the multi-functional printer market are Samsung Electronics Co Ltd, Panasonic Corporation, Lenovo Group Limited, Canon Inc, Hewlett Packard Enterprise Development LP, Toshiba Corporation, Sharp Corporation, Ricoh Company Ltd, KYOCERA Corporation, Konica Minolta Business Solutions, Xerox Corporation, Seiko Epson Corporation, Lexmark International Inc, BOBST Group SA, Star Flex International, Eastman Kodak Company, Shanghai Printyoung International Industry Co Ltd, PANTUM Electronics Co Ltd, Wenzhou Daba Machinery Co Ltd, BFM Srl, KBA-Flexotecnica SpA, UTECO Converting SpA, Comexi Group Industries SAU, Mark Andy Inc, Brother Industries Ltd, Nilpeter A/S

North America was the largest region in the multi-functional printer market in 2023. The regions covered in the multi-functional printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the multi-functional printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-function printer market consists of sales of wireless and wired multi-function printers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Product: Color Multi-functional Printer; Monochrome Multi-functional Printer
2) By Technology: LED Multi-function Printer; Laser Multi- function Printer; Inkjet Multi-function Printer
3) By Application: Corporate; SMB; SOHO
Covering: Samsung Electronics Co Ltd; Panasonic Corporation; Lenovo Group Limited; Canon Inc.; Hewlett Packard Enterprise Development LP

Product Code: r17400

1. Executive Summary

2. Multi-Functional Printer Market Characteristics

3. Multi-Functional Printer Market Trends And Strategies

4. Multi-Functional Printer Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Multi-Functional Printer Market Size and Growth

5.1. Global Multi-Functional Printer Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Multi-Functional Printer Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Multi-Functional Printer Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Multi-Functional Printer Market Segmentation

6.1. Global Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Color Multi-functional Printer
Monochrome Multi-functional Printer
6.2. Global Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
LED Multi-function Printer
Laser Multi- function Printer
Inkjet Multi-function Printer
6.3. Global Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Corporate
SMB
SOHO
Other Applications

7. Multi-Functional Printer Market Regional And Country Analysis

7.1. Global Multi-Functional Printer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Multi-Functional Printer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Multi-Functional Printer Market

8.1. Asia-Pacific Multi-Functional Printer Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Multi-Functional Printer Market

9.1. China Multi-Functional Printer Market Overview
9.2. China Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Multi-Functional Printer Market

10.1. India Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Multi-Functional Printer Market

11.1. Japan Multi-Functional Printer Market Overview
11.2. Japan Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Multi-Functional Printer Market

12.1. Australia Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Multi-Functional Printer Market

13.1. Indonesia Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Multi-Functional Printer Market

14.1. South Korea Multi-Functional Printer Market Overview
14.2. South Korea Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Multi-Functional Printer Market

15.1. Western Europe Multi-Functional Printer Market Overview
15.2. Western Europe Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Multi-Functional Printer Market

16.1. UK Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Multi-Functional Printer Market

17.1. Germany Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Multi-Functional Printer Market

18.1. France Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Multi-Functional Printer Market

19.1. Italy Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Multi-Functional Printer Market

20.1. Spain Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Multi-Functional Printer Market

21.1. Eastern Europe Multi-Functional Printer Market Overview
21.2. Eastern Europe Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Multi-Functional Printer Market

22.1. Russia Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Multi-Functional Printer Market

23.1. North America Multi-Functional Printer Market Overview
23.2. North America Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Multi-Functional Printer Market

24.1. USA Multi-Functional Printer Market Overview
24.2. USA Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Multi-Functional Printer Market

25.1. Canada Multi-Functional Printer Market Overview
25.2. Canada Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Multi-Functional Printer Market

26.1. South America Multi-Functional Printer Market Overview
26.2. South America Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Multi-Functional Printer Market

27.1. Brazil Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Multi-Functional Printer Market

28.1. Middle East Multi-Functional Printer Market Overview
28.2. Middle East Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Multi-Functional Printer Market

29.1. Africa Multi-Functional Printer Market Overview
29.2. Africa Multi-Functional Printer Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Multi-Functional Printer Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Multi-Functional Printer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Multi-Functional Printer Market Competitive Landscape And Company Profiles

30.1. Multi-Functional Printer Market Competitive Landscape
30.2. Multi-Functional Printer Market Company Profiles
- 30.2.1. Samsung Electronics Co Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Panasonic Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Lenovo Group Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Canon Inc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Hewlett Packard Enterprise Development LP
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Multi-Functional Printer Market Other Major And Innovative Companies

31.1. Toshiba Corporation
31.2. Sharp Corporation
31.3. Ricoh Company Ltd
31.4. KYOCERA Corporation
31.5. Konica Minolta Business Solutions
31.6. Xerox Corporation
31.7. Seiko Epson Corporation
31.8. Lexmark International Inc
31.9. BOBST Group SA
31.10. Star Flex International
31.11. Eastman Kodak Company
31.12. Shanghai Printyoung International Industry Co Ltd
31.13. PANTUM Electronics Co Ltd
31.14. Wenzhou Daba Machinery Co Ltd
31.15. BFM Srl

32. Global Multi-Functional Printer Market Competitive Benchmarking

33. Global Multi-Functional Printer Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Multi-Functional Printer Market

35. Multi-Functional Printer Market Future Outlook and Potential Analysis

35.1 Multi-Functional Printer Market In 2028 - Countries Offering Most New Opportunities
35.2 Multi-Functional Printer Market In 2028 - Segments Offering Most New Opportunities
35.3 Multi-Functional Printer Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer