The global market for card printer ribbons is poised for a growth trajectory with a Compound Annual Growth Rate (CAGR) of 4% throughout the forecast period spanning 2022 to 2028. The sales performance in 2021 indicated card ribbon printer revenues reaching US$ 759 million, a figure predicted to surge to surpass US$ 997 million by the culmination of the assessment year in 2028.
Within the context of the broader industrial printer ribbon market, card printer ribbon consumption constituted about an 11% stake in 2021. The prospective landscape shines brightly for dual-sided card printer ribbons, holding substantial profit potential for market participants. These ribbons are anticipated to witness escalating demand across diverse end-use industry sectors.
Discover Insights Firsthand: Request Our Sample Report And Drive Meaningful Change @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3810
Catalysts for Growth: Elevating the Global Card Printer Ribbons Market
Retailers’ Drive for Excellence: Amplifying ID Cards and Printing Experience
Retailers worldwide are striving for elevated ID card quality and improved printing processes to invigorate manufacturing workflows and associated operations. This impetus has led card printer manufacturers to adopt thermal printing technology. Notably, significant industries are renewing their employee ID cards with cost-effective, cutting-edge technology, setting the stage for increased utilization of card printer ribbons in the foreseeable future. Furthermore, the robust demand for high-quality ID cards from the information technology sector is poised to further fortify the global card printer ribbons market.
Cashless Revolution Fuels Demand: Transforming Consumer Preferences
The shift towards cashless transactions, spurred by the widespread use of cards for withdrawals and payments, is reshaping consumer preferences. The “go cashless” trend is surging as more individuals opt for banking cards to conduct transactions across retail establishments, supermarkets, restaurants, and cafes on a global scale. Evolving customer desires for convenience, secure transactions, and the cashless experience are propelling the demand for cards across various industries. This heightened demand is expected to drive the card printer ribbons market’s growth in the forthcoming years.
Key Insights from the Global Card Printer Ribbons Market
Lustrous Color Dominance: The color segment emerges as a focal point, exhibiting substantial promise in the global card printer ribbons market. It is poised to experience escalating demand across diverse end-use industries. Having previously led the market, this segment is set to maintain its dominance in the foreseeable future.
Dual-Sided Printing Pinnacle: Among printing types, the dual-sided printing segment takes the spotlight as the most lucrative arena. Projections indicate significant expansion during the assessment period, showcasing its pivotal role in the evolving landscape of card printer ribbons.
Banking and Government in Focus: Card printer ribbon adoption is anticipated to gain traction primarily in the banking sector, followed by government applications. The banking sphere is projected to contribute significantly, with card printer ribbon sales in this sector anticipated to surpass US$ 300 million by the close of 2028.
China’s Remarkable Inclination: China emerges as a notable player, displaying a strong affinity for card printers over the years, particularly within the manufacturing sector. This affinity has consequently stimulated the use of card printer ribbons within the country. With this momentum, China’s card printer ribbon market is poised for high-paced growth in the coming years, driven by its robust manufacturing industry and increasing adoption of advanced printing solutions.
Key Players:
- Zebra Technologies Corporation
- Evolis S.A.
- ASSA ABLOY AB
- Dai Nippon Printing Co., Ltd.
- HiTi Digital, Inc.
- Matica Technologies AG
- Entrust Datacard Corporation
- IDP Corp., Ltd.
- Magicard Ltd.
- AlphaCard
- NBS Technologies Inc.
Outpace Competitors By Leveraging Our Expertise. Buy Now For Unparalleled Industry Insights @ https://www.futuremarketinsights.com/checkout/3810
Key Segments Covered:
By Product:
- Colour Card Printer Ribbons
- Monochrome Card Printer Ribbons
By Printing:
- Single-sided Card Printer Ribbons
- Dual-sided Card Printer Ribbons
By End-User:
- Banking
- Government
- Information Technology
- Retail
- Healthcare
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
