Pune, India -- (SBWire) -- 10/12/2018 --Market Highlights

In this rapidly changing world of technology, laser printer market is projected to show major growth prospects during the forecast period. Major factor driving the laser printer market is the increasing adoption of advanced printing technologies in order to enhance productivity and provide cost effective solutions.

The global laser printer market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the laser printer market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of laser printer market. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of laser printer market. Growing adoption of advanced printing technologies in corporate sector as well as government sector is another major factor driving the growth of laser printer market in the region.

In the global Laser Printer Market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, laser printer market is projected to contribute faster to the growth of revenue backed by increasing demand for advanced printing technologies and growing need for sophisticated laser printing solutions in countries such as Japan, China and India. This is owning to the presence of key players like Samsung Electronics, Brother Industries, Fuji Xerox, Canon, The Ricoh Company and Kyocera Corporation in the region. After HP, Canon and Samsung Electronics have been dominating the laser printer market owing to the increasing demand from end users across various industry verticals.

The laser printer market is growing rapidly over 16% of CAGR and is expected to reach at approx. USD 2,322 Million by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Laser Printer Market Research Report-Forecast to 2023".

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Key Players

The prominent players in laser printer market are – HP (U.S.), Canon, Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), Brother Industries, Ltd. (Japan), Fuji Xerox Co., Ltd. (Japan), Dell, Inc. (U.S.), OKI Electric (Japan), The Ricoh Company, Ltd. (Japan), Lexmark International, Inc. (U.S.), Kyocera Corporation (Japan), Seiko Epson Corporation (Japan) and others.

Global Competitive Analysis

The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be productive for companies so they can fix targets that can uphold their profitable enterprise's liquidity to take the most active decisions in terms of strategy execution and designing.

Industry Segments

The Laser printer market globally can be divided on the basis of following basis of type and end user.

- By Type: Multi-Function and Single Function
- By End User: SMEs, Individual Users, Large Enterprises, Government and Others

Regional Analysis
The regional analysis of laser printer industry includes regions such as North America, Asia Pacific, Europe and Rest of the World. It has been witnessed that the North American market is projected to account for the major share of the market, while the Asia-Pacific market is anticipated to develop at the fastest rate through the forecast period. The major development in the laser printer industry in the North American region is credited to technical progresses and growing demand from many industry verticals in that region.

Industry Updates:

Jan 2018 The Brother Company has released a range of new printers and all-in-ones. The complete list of devices comprises of three printers: the Brother HL-L2370DW, HL-L2350DW and HL-L2370DW XL. There are also three more devices that are a part of the multifunction devices range capable of copying, printing and scanning such as the Brother HL-L2395DW, HL-L2390DW and DCP-L2550DW. The additions across the product range includes auto-fulfillment with options together with Amazon Dash Replenishment and Brother Refresh, which implies that the replacement toner cartridges will routinely be dispatched before the printer runs out of ink.

Mar 2018 HP Inc which has an established presence as the leader in printing across the world, recently presented the new HP LaserJet Pro M15 and M28 series which is expected to be the smallest laser in its category. This product is designed to give small and micro business owners unmatched productive and fast printing that can be adapted for any requirement or environment. The product which is 30% smaller than the previous generation, feature a sleek and compact design that can fit nearly anywhere.

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Intended Audience

- Technology Investors
- Research/Consultancy Firms
- Original equipment manufacturers (OEMs)
- Printer Manufacturers
- Corporate Offices
- Government Institutions

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