Thermal Printheads Market
Thermal Printheads Market Analysis by Application (Mobile, Receipt, Barcode, Photo, Card Printers, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2021-2025
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Thermal Printheads Market Analysis by Application (Mobile, Receipt, Barcode, Photo, Card Printers, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2021-2025
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
ITOCHU Corporation announced the social contribution partnership agreement with Shiga Prefecture. The agreement was signed by the governor of Shiga Prefecture, and the president and COO of ITOCHU Corporation, Keita Ishii. In accordance with the Social Contribution Partnership Agreement, ITOCHU will continue to work with Shiga Prefecture in the spirit of "Sampo-Yoshi" to support the SDGs.
Toshiba America Business Solutions, Inc., launches the newest software that enables people to print at any time and place. With its e-BRIDGE® Global Print technology, Toshiba completely streamlines the printing process.
Report Overview
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Report Description
Description of Growth Drivers
Description of Market segmentation (*)
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Regional Synopsys Description
Ans: Expanding retail and portable thermal printing market, increased use of thermal printers in the healthcare industry, and a higher number of printers connected to IoT are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of 7.4% over the forecast period, i.e., 2022 – 2025.
Ans: Constricted functionality offered by thermal printers, significant heating damage, and strict laws and regulations for the printing business are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2025 and provide more business opportunities in the future.
Ans: The major players in the market are KYOCERA Corporation, ROHM CO., LTD., ITOCHU Corporation, Toshiba Tec Corporation, and Shandong Hualing Electronics Co., Ltd.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application, and by region.
Ans: The barcode segment is anticipated to garner the largest market size by the end of 2025 and display significant growth opportunities.
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