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The infographic below contains key findings from our analysis of the printer supplies market
The global printer supplies market research predicts the market to reach a value of more than USD 33 billion by 2020. The increasing demand for inkjet and wireless printers is one of the primary printer supplies market drivers. The recent technological advances in the inkjet printing technology, including the invention of UV-curable inkjet printers, have resulted in greater speed, lower production costs, and a wider range of applications. Moreover, these technological innovations have made inkjet printers highly suitable for industrial scale production, particularly when buying criteria such as quality, cost, and durability is concerned. Also, the increasing demand for PCs and laptops in offices has a direct impact on the demand for printers.
In this printer supplies market analysis, factors such as the growing demand for digital printing will impel this market’s growth prospects over the next four years. The rapid replacement of traditional printing methods with digital printing is anticipated to contribute to this market’s growth over the predicted period. In digital printing, there is no need to replace printing plates while plates have to be repeatedly replaced in traditional printing methods.
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During 2015, the OEM segment accounted for more than 82% of the printer supplies market share in terms of revenue. Factors such as the customer’s perception that OEM supplies are reliable, durable, and of high quality will lead to its augmented adoption until the end of 2020.
In terms of geography, the Americas dominated the printer supplies market accounting for a market share of more than 38% during 2015. The Americas made a significant contribution to the global market revenue because of the on-going demand for inkjet printers and color laser printers in the region, particularly the US.
The global printer supplies market is highly competitive owing to the presence of several well-diversified players. Vendors in the market compete on the basis of technology, pricing, distribution channels, and global presence. As the market is saturated and is moving towards consolidation, M&A is one of the strategies followed by most companies to increase their geographical presence, technical expertise, and sales revenue.
According to the printer supplies market forecast, the key vendors in this market are -
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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
PART 20: Explore Technavio
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