The global printer supplies market to grow at a CAGR of 2.42% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global printer supplies market for 2016-2020. To calculate the market size, the report covers the revenue generated from the sales of printer supplies such as inks and toners. It does not consider the supplies for 3D printers, components used for the production of printer supplies, cartridge refilling services, and counterfeit products to estimate the market size. The report also includes a discussion of the key vendors operating in this market.
A trend boosting market growth id the rising demand for digital printing. The increasing replacement of traditional printing methods with digital printing has contributed to the market to a certain extent. In digital printing, there is no need to replace printing plates while plates have to be repeatedly replaced in traditional printing methods such as lithography, flexography, gravure, and letterpress. Therefore, digital printing has the advantages such as quicker turnaround time and lower cost. It also provides customers, especially publishers, with more flexibility, greater inventory turnover, and higher profitability.
According to the report, a key growth driver is the increased demand for inkjet printers and wireless printers. Advances in inkjet printing technology, including the invention of UV-curable inkjet printers, have resulted in increased demand for these printers. Advanced inkjet printers have many advantages such as greater speed, low production costs, and a wider range of applications. Technological advances have made inkjet printers highly suitable for industrial scale production, particularly when buying criteria such as quality, cost, and durability are concerned.
Further, the report states that one challenge that could hamper market growth is the consumer preference for ebooks, which results in a decline in the publishing sector.
- Brother Industries
- Seiko Epson
- Lexmark International
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Printing industry
Part 06: Market landscape
Part 07: Market segmentation by type of sales
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Summary of key figures
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Buying behavior
Part 17: Vendor landscape
Part 18: Analyst insights
Part 19: Appendix
For more information visit http://www.researchandmarkets.com/research/894ft4/global_printer
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SOURCE Research and Markets