Global laser printer market research report by forecast to 2023

Global Laser Printer Market Research Report by Forecast to 2023 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 wellestablished 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.

Major Key Players:  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)

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Lexmark International, Inc. (U.S.) Kyocera Corporation (Japan) Seiko Epson Corporation (Japan)

Laser Printer Market Segmentation: The laser printer market has been segmented on the basis of type and end user. The type segment is further bifurcated into single function and multi-function printer. Out of which, the multi-function laser printer being the more popular one and holding the largest market share of the laser printer market.

Multi-function printers are being increasingly implemented in SMEs and large enterprises owing to its cost effectiveness and multi-functional capabilities.

Market Research Analysis: It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.

The major growth in laser printer market in North America is attributed to technical advancements and increasing demand for cost efficient printing solutions for high volume printing needs in that region.

Regional Analysis: The regional analysis of laser printer market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas AsiaPacific is projected to grow at the fastest rate during the forecast period.

The major growth in laser printer market in North America is attributed to technical advancements and increasing demand from various industry verticals in that region.

Intended Audience:  Technology Investors  Research/Consultancy Firms  Original equipment manufacturers (OEMs)  Printer Manufacturers  Corporate Offices  Government Institutions About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research

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