The global market for retail printers is expected to reach US$ 3.8 billion in 2022. The market is expected to grow at a healthy 6.7% CAGR to reach $4.9 billion by 2026. As competition in the retail sector heats up, retailers are focusing on providing a personalised experience to their customers. This streamlines their activity in the store and provides them with a positive experience, increasing store foot traffic and retaining their loyalty.
Thanks to the installation of printers in retail stores, retailers can offer their customers a variety of customer-centric campaigns, such as providing them with discount vouchers along with their bills.
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The retail industry today is both bursting with enormous opportunities and presents numerous challenges. Customers are becoming more demanding as retailers move toward switching to an omnichannel platform, and there is fierce competition in the retail market. Retailers must concentrate on replenishment and efficient deliveries in order to make their customers’ experiences in the store easy and satisfying. This is necessary to streamline the operations of any retail outlet.
With the aid of such printing terminals, retailers can provide their patrons with a variety of loyalty programmes, boosting customer visitation rates and, in turn, sales and profit margins. Retailers can also switch to the omnichannel platform by streamlining their operations, giving their customers more options and enabling them to purchase products from their stores through a variety of channels. As a result, retailers are better able to meet the high expectations of their patrons, grow their business, and give customers a positive and memorable experience.
Global Retail Printers Market: Forecast Analysis
Retail Printers Market: Global Industry Analysis 2012 to 2016 and Opportunity Assessment 2017-2026 is a new research report from Future Market Insights that analyses the market’s various segments globally across key geographic areas. The global retail printer market is predicted to grow at a strong CAGR during the period of assessment and is expected to reach a market value of close to US$ 5,000 Million by 2026, according to this research report.
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Market Taxonomy
The market taxonomy of the global retail printers market is presented to give a holistic picture of this market and ensure that all the segments and sub-segments of this market are properly represented. This market taxonomy also helps the report readers acquire a logical interpretation of the market numbers presented in this report.
Global Retail Printers Market: Segmentation Insights
The global retail printers market is segmented based on product type, technology, application, and region.
• By-product type, mobile printers are the largest sub-segment in terms of value and are expected to exhibit a CAGR of 6.9% during the assessment period of 2017 to 2026
• By technology, the direct transfer paper printer sub-segment is the largest sub-segment in terms of value, and is likely to be valued at nearly US$ 2,000 Million at the end of the year 2026 and is poised to exhibit a CAGR of 7.3% during the assessment period
• By application, the supermarkets sub-segment is the largest in terms of value and is likely to exhibit a CAGR of 6.7% during the period of assessment
• By region, North America is expected to lead the global retail printers market in terms of revenue, exhibiting a CAGR of 6.5% during the period of assessment
Mobile printers sub-segment to dominate the product type category in the global retail printers market
The mobile printers sub-segment in the product type category is expected to exhibit a robust growth rate and register a CAGR Of 6.9% during the period of assessment. This segment is highly attractive in the product type category in the global retail printers’ market. As per the assessment of Future Market Insights, the mobile printers sub-segment is poised to reach a value of nearly US$ 2,050 Mn at the end of the year 2026.
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Global Retail Printers Market: Competitive Landscape
The research report on the global retail printers market has an entire section devoted to studying the competitive landscape of this market in which the key players operating in the market are profiled. This section also has important information about these companies, such as the company overview, key financials, geographical reach, SWOT analysis, key strategies, etc. The companies that have been profiled in this research report include Honeywell International, Inc., Postek Electronics Co., Ltd., Avery Dennison Corporation, Zebra Technologies Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Toshiba TEC Corporation, Brother Industries, Ltd., Star Micronics Co., Ltd. and SATO Holdings Corporation.
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