Printers Market Leverages Demand for Affordable Entry Level 3D Devices

The Global Printer Market size was estimated at USD 52,125.4 million in 2023 and is projected to reach USD 71,039.3 million by 2030, growing at a CAGR of 4.5% from 2024 to 2030. The increasing advertising demands of enterprises have been a significant contributor to this growth.

As companies aim to execute impactful marketing campaigns and effectively reach their target audiences, the need for a wide range of printed materials has risen considerably. These include brochures, flyers, catalogs, and promotional items, which are essential in communicating vital product, service, and brand information. The intensified focus on marketing has led to increased demand for high-quality, professionally produced printed content, thereby accelerating market expansion.

Additionally, the surging need for packaging across industries such as food & beverage, healthcare, pharmaceuticals, cosmetics, and personal care has further fueled the printer market. This demand has resulted in a rise in print volumes, creating revenue growth opportunities and increased commercial activity. Packaging materials like labels, boxes, and wrappers are in high demand, particularly from sectors such as FMCG and consumer electronics, which seek unique, branded packaging solutions. In response, printing companies are broadening their offerings to address these industry-specific requirements, strengthening their competitive positions and unlocking new income streams.

Technological advancements, particularly in inkjet and laser printing, continue to propel the market. Modern inkjet printers now deliver vibrant colors and precise detail, ideal for both consumer and industrial use. Meanwhile, laser printers have improved in speed and efficiency, making them well-suited for high-volume office printing. These enhancements cater to the diverse needs of various sectors by delivering dependable, high-resolution print solutions.

The shift toward wireless and cloud-based printing solutions has also gained momentum, particularly with the rise in remote working models. Today’s printers integrate seamlessly with cloud platforms, enabling printing from any location. Enhanced security features have also been developed to address concerns related to data protection and unauthorized access. These innovations allow businesses to manage printing more securely and efficiently in a connected environment.

Order a free sample PDF of the Printers Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

• Asia Pacific held a substantial revenue share of 29.8% in 2023.
• China led the regional market with a 30.8% share in 2023.
• By type, multi-functional printers accounted for 58.5% of the market share in 2023.
• By technology, the LED segment led with a 20.3% share in 2023.
• The market is segmented into wired and wireless based on connectivity.

Market Size & Forecast

• 2023 Market Size: USD 52,125.4 Million
• 2030 Projected Size: USD 71,039.3 Million
• CAGR (2024–2030): 4.5%
• Asia Pacific: Largest regional market in 2023

Key Printers Company Insights

• HP Development Company, L.P., based in California, U.S., is a prominent player offering consumer and commercial printing hardware, services, and solutions. Its strategy includes expanding digital printing solutions across various applications, including packaging, textiles, and publishing.
• Canon, Inc., headquartered in Tokyo, Japan, is another industry leader, offering a wide range of printing devices for both office and industrial use. Its portfolio includes digital presses, inkjet, and laser printers catering to a global audience.
• Ricoh Company Ltd., also based in Tokyo, specializes in office and commercial printing solutions. The company supports a vast international clientele with digital production printers and high-speed inkjet systems.
• Roland DG Corporation focuses on wide-format inkjet and UV printers and serves diverse industries such as signage, apparel, and vehicle graphics, offering eco-solvent and dye-sublimation technologies.

Key Printers Companies

The following companies dominate the global printer market, holding significant market shares and shaping key industry trends:

• HP Development Company, L.P.
• Canon, Inc.
• Seiko Epson Corporation
• Brother Industries Ltd
• Xerox Holdings Corporation
• FUJIFILM Corporation
• Roland DG Corporation
• Ricoh Company Ltd
• Panasonic Corporation
• Toshiba Corporation

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global printer market is on a steady growth path, driven by rising marketing and packaging needs across sectors, advancements in printing technologies, and the adoption of cloud-based and wireless printing solutions. With strong demand across commercial and industrial applications, supported by innovation and regional expansion—particularly in Asia Pacific—the market is poised for sustained development through 2030. Industry leaders and emerging players alike are leveraging these trends to diversify offerings and strengthen their competitive footholds in the global landscape.