Mobile Printer Market
Mobile Printer Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
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Mobile Printer Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Mobile printer is also referred as portable printers due to their compact design. Numerous end user industries are adopting mobile printer to ensure accuracy, enhance delivery efficiency, manage inventory, improving customer service and others. Moreover, rapidly printing full-page patient instructions, medication lists and other applications are boosting the adoption rate of mobile printer.
Global mobile printer market is expected to witness robust CAGR of 20.1% during the forecast period 2017-2024. The market of mobile printer has witness an invincible growth in recent years owing to growing adoption of mobile printer by various industries such as transportation and logistics, hospitality and others.
The global mobile printer market is segmented into technology, end-user and region. Further, the technology segment is sub-segmented into thermal, inject and impact. Moreover, thermal mobile printer is further divided into direct thermal and thermal transfer. Among the above segments, thermal mobile printer segment captured the biggest market in overall mobile printer market. Apart from this, logistics and transportation segment by end-users is projected to mask a considerable CAGR by 2024.
In the regional platform, Asia Pacific accounted for more than 38.2% market share in overall mobile printer market in 2016. Asia Pacific is expected to dominate the overall mobile printer market during the forecast period. Additionally, presence of major key vendors of mobile printers such as Toshiba Tec Corporation, Canon Inc. in this region is anticipated to supplement the growth of mobile printer market in the Asia Pacific region. In addition to this, China and Japan is the major contributor to the growth of mobile printer market. Moreover, China mobile printer market is expected to grow at a significant pace owing to swiftly evolving printing industry.
Europe and North America mobile printer markets are expected to witness significant growth during the forecast period. Moreover, U.S. is the dominating country in this region owing to growing adoption of mobile printer by the retail and healthcare sector.CLICK TO DOWNLOAD FREE SAMPLE
Our in-depth analysis segmented the global mobile printer market in the following segments:
Global mobile printer market is further classified on the basis of region as follows:
Broad scale application of mobile printer in various industries such as retail, offices, hospitality, healthcare, transportation and logistics and other is impelling the growth of mobile printer market. Further, compact size and high efficiency of printing is gaining attraction among the consumers all across the globe. Additionally, these factors are raising the penetration of mobile printers in the various industries and strengthening the growth of the global mobile printer market.
Furthermore, technological advancements such as development of thermal printers are projected to bolster the growth of mobile printer market globally in the next few years. Further, thermal printers are pondered ideal for barcode printing which is also anticipated to bolster the demand for mobile printers globally.
In contrast, lack of awareness regarding portable printers is expected to negatively impact the growth of global mobile printer market.
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