Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Mobile Printer Market Overview
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.
Market Size and Forecast
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
Market Segmentation
Our in-depth analysis segmented the global mobile printer market in the following segments:
By Technology
By End-Users
By Region
Global mobile printer market is further classified on the basis of region as follows:
Growth Drivers and Challenges
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.
Key players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global mobile printer market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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