Portable Printer Statistics and Facts

Introduction

Portable Printer Statistics: Portable printers, known for their compactness and mobility, are increasingly utilized across various industries worldwide, including retail, healthcare, hospitality, manufacturing, e-commerce, and logistics. These devices, which can connect to computers via Bluetooth or USB, are essential for business travelers who need to promptly update and share documents with clients. They are also integral in environments like gas stations, shops, credit card terminals, hotels, and restaurants for printing receipts and invoices.

The demand for portable printers is driven by the convenience they offer, allowing users to print directly from smartphones, tablets, or laptops without the need for a stationary setup. This feature is particularly beneficial for remote workers or those in dynamic settings where immediate printing capabilities are necessary. Furthermore, the expansion of mobile commerce, field services, and outdoor events has increased the need for wireless and compact printing solutions.

In response to this growing market, manufacturers are enhancing printer features such as connectivity, battery life, and overall performance to cater to the diverse and evolving requirements of users. According to FMI, the global portable printer market, which was valued at USD 10,522 million in 2022, is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2032, reaching an estimated USD 21,909 million by the end of the forecast period. This growth reflects the continuous search for flexible and efficient printing options that align with modern mobile and flexible working schedules.

Editor’s Choice

• The global portable printer market is expected to grow from USD 10,522 million in 2022 to USD 21,909 million by 2032.
• The market is projected to expand at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2032.
• North America is expected to dominate the market, projecting to accumulate the highest market share of 25.3% by the end of 2022.
• The market in the Asia Pacific is anticipated to secure a significant market share of 12% in 2022, with a potential to maintain this trend over the forecast period.
• Europe is likely to secure a market share of 19.8% in 2022, driven by improvements in customer experience and mobile workforce productivity.
• From 2017 to 2021, the market registered a growth rate of 5.2%.
• An estimated 75.58 billion IoT devices are projected to be deployed globally by 2025, influencing market growth through increased connectivity.
• The market’s expansion is fueled by the growing popularity of remote working and work-from-home arrangements, especially during the pandemic.
• Increased internet penetration globally is also expected to drive the market.
• The growing demand for portable printers in sectors like retail and healthcare, particularly in the USA, supports market growth.

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Portable Printers By Category

• Thermal-based Portable Printers –  Thermal-based portable printers utilize heating for the transfer of ink on paper removing the need for cartridges of ink. They are typically compact and can provide quick as well as reliable printing which makes them suitable for use in applications such as receipt printing barcode printing, as well as ticket printing.
• Inkjet-based portable Printers –  Inkjet-based portable printers make use of ink cartridges that spray tiny droplets of ink on the paper. They can be used for a variety of purposes and print high-quality prints, which makes them perfect for photo printing, document printing printing, and even label printing.
• Bluetooth Connectivity – Printers that have Bluetooth connectivity provide seamless wireless printing using tablets, smartphones, or laptops. Bluetooth-enabled printers offer ease of use and flexibility, that allow users to print directly from their mobile devices without needing internet connectivity.
• WIFI Connectivity – Printers portable equipped with WIFI connectivity allow wireless printing via the local network. It allows users to connect devices directly to the printers without the requirement for cables or ordering directly offering greater versatility and ease of use.

Portable Printer Market Regional Analysis

• High Research and Development Costs: The need for constant innovation in the portable printer market requires established design centers and a robust Research and Development team, which can be costly. These costs vary by region and can impede market growth.
• Regional Innovation Centers: Europe and the USA, with their established research institutions, are expected to lead the industry. Conversely, Asian countries like China, Taiwan, and the Philippines are expanding their innovation centers, which may help mitigate market limitations.
• Dominance of the USA in Market Share: North America is projected to dominate the global market with a 25.3% share during the forecast period, driven by a focus on improving customer experience and mobile worker efficiency, especially in the USA.
• Increased Use in Specific Sectors: The USA market is buoyed by increased adoption of portable printers in the retail and healthcare sectors, and the growing implementation of BYOD (Bring Your Own Device) policies.
• European Market Driven by Healthcare Sector: Europe is expected to secure a 19.8% market share, with the UK driving growth through its rising healthcare, retail, and transport industries.
• Asia Pacific Market Growth: This region is expected to secure a 12% market share, fueled by an increase in mobile consumers and the emphasis on simplifying receipt and order management, particularly in Korea and Japan.
• Technological Advances in Japan: Japan is enhancing its market position by focusing on the development of portable printers that offer flexibility, accuracy, and productivity.
• Marketing Strategies in Japan: Key manufacturers are employing various marketing tactics, including acquisitions, mergers, and product launches, to expand the market size in Japan.
• Significant Growth in China: Expected to exhibit a phenomenal compound annual growth rate (CAGR) between 2022 and 2032, China’s growth is driven by an expanding mobile workforce and the rising number of small online enterprises and startups.

Key Companies Analysis

• Canon Inc: The company provides portable printers like Selphy Cp1500 wireless compact printers.
• Citizen Watch Co. Ltd The company provides portable printers like CMP 20II printers for mobile use.
• Fujitsu Ltd The company offers portable printers like Fujitsu FTP 62H printers that can be used as portable printers.

The report also contains a thorough analysis of the market’s competitive landscape and details about 20 market vendors, which include:

• Bixolon Co. Ltd. is a South Korean company founded in 2002. It began as Samsung’s mini-printer division during the 90s. Later, it was bought out to create the business it is today. Bixolon’s headquarters as well as its manufacturing facility are located in South Korea.
• Brother Industries Ltd – Brother Industries has a revenue of $57.0M. Zippia’s data science team discovered the following financial indicators concerning Brother Industries after extensive research and analysis. Brother Industries has 31,314 employees and the rate of revenue per employee is $1,820. Brother Industries’ peak revenue was $57.0M in 2022.
• CognitiveTPG’s revenue of $20.8 Million.
• HiTi Digital, Inc. –  HiTi Digital, Inc. a professional producer and distributor of digital photography solutions and products, is acknowledged for its top-quality and ingenious technology.
• Honeywell International Inc.- Honeywell International Inc. is an American publically traded, multinational conglomerate with its headquarters in Charlotte, North Carolina. It is principally involved in four business areas that include aerospace, building technologies technology, and performance materials as well as products and safety solutions.
• HP Inc. – HP Inc. is an American multinational company in information technology with its headquarters in Palo Alto, California, that designs PCs, personal computers (PCs) printers, and associated equipment and three-dimensional printing products.
• Lexmark International Inc. – Lexmark International, Inc. is a privately owned American company that produces laser printers and other imaging equipment. It is located in Lexington, Kentucky. Since 2016, it has been owned by a consortium consisting of three multinational corporations: Apex Technology, PAG Asia Capital along Legend Capital.
• Oki Electric Industry Co. Ltd – Oki Electric Industry Co., Ltd. Oki Electric Industry Co., Ltd., also known in the form of OKI, OKI Electric, or the OKI Group is a Japanese information and communication technology company with its headquarters in Toranomon, Minato-ku, Tokyo and with operations in more than 120 countries across the globe.

Conclusion

The market for portable printers has seen significant growth, driven by the growing demand for mobile printing services and the requirement for mobile convenience. technological advancements, including wireless connectivity as well as improved printing capabilities, have increased the potential of the market. While the market is booming, it also offers opportunities across various industries including education, healthcare, and retail, the manufacturers must address the problems with the printing capacity and speed.

Through understanding the dynamics of markets by focusing on certain segments and focusing on innovations the market for portable printers will continue to grow and adapt to the changing demands of the consumers in the age of digital.