PUBLISHER: The Business Research Company | PRODUCT CODE: 1705249
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705249
A laser printer is a device that utilizes laser technology to produce high-quality text and images on paper. It is known for its sharp text quality, efficiency, and speed, making it a popular choice for both office and home use.
The main types of laser printers are single-function and multi-function. Single-function printers are designed to deliver high-quality prints efficiently, without additional features such as scanning or copying. The various types of lasers used include helium-neon lasers and semiconductor lasers. These printers are used by various end-users, including individual users, small and medium-sized enterprises (SMEs), large enterprises, governments, and others.
The laser printer market research report is one of a series of new reports from The Business Research Company that provides laser printer market statistics, including laser printer industry global market size, regional shares, competitors with a laser printer market share, detailed laser printer market segments, market trends, and opportunities, and any further data you may need to thrive in the laser printer industry. This laser printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The laser printer market size has grown rapidly in recent years. It will grow from $2.05 billion in 2024 to $2.31 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to rapid industrialization and development, growing disposable income, increasing laser printers for personal and office use, increasing business activities, and increasing demand for office equipment.
The laser printer market size is expected to see rapid growth in the next few years. It will grow to $3.68 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to the rise of remote and hybrid working models, increasing focus on sustainability will drive the demand for energy-efficient laser printers, increases demand for packaging industries, and increasing demand for compact laser printer. Major trends in the forecast period include advanced connectivity options, such as wi-fi, bluetooth, and cloud printing capabilities, artificial intelligence (AI)-driven features and automation are becoming integral to laser printers, integration with modern devices and workflows, incorporating technical advancements, and investments by the vendors for launching new products.
The expansion of the laser printer market is projected to be significantly influenced by the increasing number of new enterprises. These newly established businesses, which are in their formative stages, contribute to the market growth. The rise in new enterprises is attributed to rapid technological advancements, increased funding opportunities for startups, and the growing number of entrepreneurship programs. Laser printers play a crucial role for these businesses by providing fast, reliable, and cost-effective printing solutions that enhance operational efficiency and ensure high-quality document production. For example, according to Startups.co.uk, a UK-based business advice website, the number of new enterprises in the UK reached 39,966 in 2023, representing a 6.5% increase from the previous year. As a result, the burgeoning number of new enterprises is driving growth in the laser printer market.
Key players in the laser printer market are concentrating on developing innovative products, including digital color and monochrome laser printers, to meet diverse business and personal printing needs. These printers are vital in both personal and professional environments, leveraging laser technology to deliver high-quality printed documents. In October 2023, Brother, a Japan-based electronics and electrical equipment company, introduced an updated lineup of digital color and monochrome laser printers, along with all-in-one devices. These new products are designed to address the needs of businesses ranging from small enterprises to large corporations. Brother's latest launch underscores its commitment to delivering dependable printing solutions that align with the evolving requirements of modern workplaces, enhancing productivity and efficiency.
In June 2024, Ennis Inc., a US-based manufacturer of printed business products, acquired Printing Technologies, Inc. (PTI) for an undisclosed sum. This acquisition is intended to broaden Ennis's product range within the printing industry, encompassing various innovative media solutions such as direct thermal, thermal transfer, inkjet, dot matrix, and laser printing technologies. Printing Technologies, Inc. (PTI) is a US-based manufacturer specializing in laser printers.
Major companies operating in the laser printer market are Samsung Electronics Co Ltd., Dell Technologies Inc., Panasonic Corporation, HP Inc., Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Sharp Corporation, Ricoh Company Ltd., Kyocera Corporation, Epson America Inc., Konica Minolta Inc., Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Eastman Kodak Company, HID Global Corporation, Sindoh Co Ltd., UTAX GmbH, Newgen Solutions USA Inc.
Asia-Pacific was the largest region in the laser printer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the laser printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The laser printer market consists of sales of monochrome laser printers, color laser printers, multifunction laser printers, and network laser 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.
Laser Printer Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on laser printer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for laser printer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The laser printer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.