Laser Printer Market is expected to grow at USD 4.43 Billion during 2030 | Industry Key Players, Drivers and Opportunities By 2030

Research Reports

Dec 14, 2022

Laser Printer Market Insights:

The global market for Laser Printers Market is anticipated to generate sales of USD 4.43 Billion by 2030, expanding at a CAGR of 12.23% from 2022 to 2030. One of the main factors driving the sector’s expansion is the rising use of printers for business purposes in offices.

The market is also taking specific steps for the development of the market in terms of technological advancements as a result of the laser printer market’s rapid growth. The need for such printers has grown significantly over the past few years as the need to print more documents has grown. The increase in consumer demand from both the residential and commercial sectors is another factor driving the market upward.

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Laser Printer Market Key Players:

  • Canon, Inc. (Japan),
  • HP (U.S.), Ltd. (South Korea),
  • Brother Industries, Ltd. (Japan),
  • Samsung Electronics Co., Dell, Inc. (U.S.),
  • OKI Electric (Japan),
  • Fuji Xerox Co., Ltd. (Japan),
  • The Ricoh Company, Ltd. (Japan)

are a few of the well-known companies in the laser printer market.

Regional Analysis:

North America, Asia Pacific, Europe, and the rest of the world are among the regions included in the regional analysis of the laser printer market. The Asia-Pacific market is expected to grow at the fastest rate over the forecast period, while the North American market is expected to account for the largest share of the market. Technical advancements and rising demand from numerous industry verticals in the North American region are credited with driving the significant development in the laser printer market there.

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Laser Printer Market Segmentation:

Type and user, which are further divided into single and multi-function, are two market segments for laser printers. At a growth rate, multi-function printers are predicted to hold the biggest market share. Multi-function devices are becoming more popular among government agencies, printing suppliers, and industrial verticals. By end users, it is divided into individual users, SMEs, big businesses, the government, and others.

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