Portable Printer Market to register 10% CAGR from 2021 to 2028, research report shows
- By Author
Backed by strong demand due to portability as well as ease of use, the portable printer market will register a 10.4% CAGR from 2021 through to 2028 – a rise that will see the industry valued from USD 1,200.90 million to reach a valuation of USD 16,900.11 million by end of 2028.
Portable printers have been garnering a lot of attention lately as they are small and compact peripheral computer devices that generate a hard copy of data stored. These devices can be connected to laptops, mobiles, computers, and other processing units, either through a wireless mode like Wi-Fi or Bluetooth or through wired means of USB or other connectors. These devices being lightweight and mobile, can be easily carried around and transported from one location to another.
Compared to traditional printers, portable printers are more convenient due to their ease of use, lightweight structure, high-speed printing, variety of paper options, and flexible functions. These are widely used in transportation, logistics, medical, manufacturing, retail, education, and other industries. Widely used for printing tags, barcodes, labels, receipts, and tickets, these printers also provide the option for users to fine-tune the settings through inbuilt software or mobile applications.
Major companies are entering the portable printer market. In February 2022, Canon declared the launch of new MAXIFY GX5070 ink tank business printer, which is the extension to its MAXIFY Ink Efficient GX Series line-up. The printer merges low color printing costs with paper handling, speed, and networking abilities to provide businesses and offices a boost in productivity and efficiency. In May 2021, the launch of new wireless label printers was announced by Zebra. These are meant for small businesses and are named the ZSB series. These new printers are developed to print labels with more affordability and efficiency.
Geographically, Europe has the largest market segment for portable printers accounting for over 34.15%, followed by North America with 26.45%. The growth of these regions can be attributed to the increasing focus on improving mobile workforce productivity and consumer experience. The Middle East is known to have the smallest market share of just 5.59%.
Is It Worth it to Buy One Shot Keto Reviews (Fake or Legit)?
5 Bidet Converter Kit Advantages That Will Change Your Mind!
How To Get a Free Ringtone & Download Free Ringtone
How Does the NBA Draft Lottery Work & NBA Draft Lottery Odds 2022