USD 47.5 Billion
Printer Market Size, Share, and Growth Analysis
Printer Market By Type (Multi-functional Printers, Standalone Printers), By Technology (Dot Matrix, Inkjet), By Connectivity (Wired, Wireless), By Output (Color Printers, Monochrome Printers), By End Use (Industrial, Residential), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45I2290 |
Region:
Global |
Published Date: June, 2025
Pages:
191
|Tables:
116
|Figures:
71
Format -
Printer Market Insights
Global Printer Market size was valued at USD 47.5 Billion in 2023 and is poised to grow from USD 49.92 Billion in 2024 to USD 74.32 Billion by 2032, growing at a CAGR of 5.1% in the forecast period (2025-2032).
The global printer industry is highly innovative as a result of rapid technological advancements and shifting consumer demands. Both inkjet and laser printers have steadily improved speed, resolution, and efficiency. By facilitating quicker production times and higher print quality, these advancements satisfy the needs of both consumers and businesses. As these technologies can print on a variety of substrates, including textiles, polymers, and even metals, they are now more widely used and valuable in a wider range of industries.
For global printer market growth, partnerships happen fairly frequently. These collaborations typically involve technology integration, supply chain optimization, and cooperative marketing campaigns. Printing companies often work with software developers to enhance the functionality and compatibility of their devices with various digital platforms.
- In April 2024, for instance, Xerox Holdings Corporation declared that it would be collaborating with Productive Business Solutions Limited (PBS) to hand over its operations in Peru and Ecuador to PBS. The second quarter of 2024 is when the deal is expected to close. This move aims to leverage PBS' local expertise and free Xerox to focus on expanding its digital services capabilities by designating PBS as the exclusive distributor for Xerox Holdings Corporation in these markets.
Is AI the Key to Smarter and More Sustainable Printing?
AI is changing the printer market outlook by automating workflows, enhancing print quality, and carrying predictive maintenance. HP and Canon stand among the largest companies that integrate AI-driven analytics with business printers. With this, they predict toner usage and locate mechanical faults before they truly become problems.
- For example, HP's "Smart Admin Dashboard," released in early 2025, uses AI to track device performance and device utilization, which in turn helps optimize print fleets and reduce downtime. Routing print jobs also grow more intelligent, providing savings both in terms of money and energy. Epson's large-format printers, empowered by AI, can now rapidly adjust the ink density in industrial printing depending on the complexity of the image and the kind of media being used. AI is becoming ever more popular, improving user experience, reducing waste, and increasing productivity in commercial and consumer arenas.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Wired
Fastest Growth
Wireless
Growth Rate
5.1% CAGR
Global Printer Market ($ Bn)
Country Share for North America (%)
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Printer Market Segments Analysis
The global printer market is segmented into type, technology, connectivity, output, and region. By type, the market is classified into multi-functional and standalone. Depending on technology, it is divided into dot matrix, inkjet, LED, thermal, laser, and 3D. According to the connectivity, the market is bifurcated into wired and wireless. As per output, it is categorized into color and monochrome. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Are Multi-Functional Printers the Smartest Investment for SMEs?
As per the 2024 global printer market analysis, the multi-functional segment had the most share of the market, at 58.5%. Multi-functional printers (MFPs) are machines that can perform a lot of tasks, such printing, scanning, copying, and faxing. These printers are made to work in homes and workplaces, so they are a small and affordable solution to conduct a variety of various document-related chores.
- HP added cloud-based capabilities to its Smart Tank MFP series in 2024 that are helpful for hybrid work environments. The Canon imageRUNNER DX models were also quite popular in schools and city offices in Asia since they were dependable and used less power.
The standalone category is expected to grow at a rate of 2.2% per year over the next several years. Standalone printers are printers that can work on their own and don't need any other features like copying or scanning. These printers are usually less expensive than multifunction printers and are tailored for certain printing tasks. There are many various types of standalone printers, such as inkjet, laser, and thermal printers, to meet varied printing needs. They are perfect for people who simply need to print documents and don't need the additional things that multifunction printers can perform.
Are Wired Printers the Backbone of High-Security Office Environments?
Based on the 2024 global printer market forecast, the wired segment dominated the market with a 55.1% revenue share. Faster print jobs and shorter wait times are often the result of wired connections' higher data transfer rates when compared to wireless options. As they are less susceptible to interference and security threats, they are a safer choice for sensitive data. Ethernet connections enable multiple users to access the printer over a local network, enabling shared use in an office setting.
- A practical illustration of the dominance of the wired printer is Brother International Corporation's early 2024 expansion of its line of Ethernet-enabled business printers. These devices were widely used by financial institutions and government agencies in Germany, where data security and reliability are critical.
The wireless category is anticipated to have the largest printer market share and expand at the fastest rate, 5.3%, during the forecast period. Wirelessly connected printers can connect via Bluetooth, Wi-Fi, and NFC without the need for cables. This allows users to print from anywhere in the network coverage area, giving them flexibility and convenience. These printers are ideal for contemporary homes and offices because they work with a wide range of gadgets, including laptops, smartphones, and tablets.
Global Printer Market By Connectivity
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Printer Market Regional Insights
How Is North America Leading Innovation in the Printer Market?
As per the printer market regional analysis, for printers, North America remains a developed but dynamic market. In 2024, managed print services (MPS) became more popular in the region, particularly among companies looking to cut costs and protect the environment. Additionally, the growing popularity of hybrid work is driving up demand for multifunction printers (MFPs). By introducing new printers in 2025 that are composed of over 60% recycled plastic, HP Inc. strengthened the region's sustainability program.
U.S. Printer Market
In both the consumer and commercial printing markets, the United States continues to hold the most sway. In March 2025, Xerox added AI-powered print analytics for enterprise clients, improving document processes for businesses. Additionally, the educational sector is investing heavily in STEM education through the use of 3D printing technology. The nation maintains its leadership position in the North American printer market due to its robust IT infrastructure and rapid digital adoption.
Canada Printer Market
In Canada, 3D printing is finding increasing applications. In 2024, the Canadian company Mosaic Manufacturing added more multi-material 3D printers to its lineup. The aerospace and healthcare sectors are the company's primary focus areas. Small and medium-sized businesses (SMBs) nationwide are also becoming more interested in cloud-connected printing solutions due to remote work and the need to protect data.
Why is Asia-Pacific the Fastest Growing Printer Market?
Asia-Pacific held a notable revenue share of approx. 29.8% in 2024. The demand for printers is being driven by the expansion of the e-commerce packaging industry as well as the digitization of education. Large corporations are expanding their product lines and shifting manufacturing to India, Southeast Asia, and Oceania. Epson announced in early 2025 that it would invest USD 150 million to upgrade its Philippine inkjet printer factory.
South Korea Printer Market
The South Korean printer market is expanding in large part due to new developments in 3D and industrial printing. In 2024, LG introduced high-speed 3D printers for creating electronic prototypes to support its expanding semiconductor business. Schools and other institutions are also in need of affordable printers due to government-led digital education initiatives. The market prefers small, energy-efficient models with wireless internet access.
Japan Printer Market
Japan was the first nation to use inkjet and industrial printing. Currently ruling the world, Canon, Epson, and Ricoh are all based in Japan. By introducing their PrecisionCore printhead for high-speed textile printing in 2025, Epson expanded their involvement in industrial applications. The market is being driven by new label and package printers, but selling consumer printers is becoming more difficult due to the aging population and the decrease in paper consumption.
How Is Europe Prioritizing Sustainability in Printing Solutions?
The two most crucial factors in the European printer market are sustainability and data security. The shift to cloud-based MPS and the need for recyclable ink cartridges are transforming consumer purchasing patterns. Lexmark introduced GDPR-compliant printing solutions in 2024, enabling safe data transmission. These solutions were quickly adopted by the medical and financial sectors.
UK Printer Market
Smart office printers with AI and IoT capabilities are becoming more and more necessary in the UK. Brother UK introduced a line of voice-activated printers in 2025. These printers were designed for home-based workers and small and medium-sized enterprises. The demand for energy-efficient printers is also being driven by government initiatives that support carbon-neutral office supplies.
France Printer Market
The French printer sector benefits from the government's emphasis on digital transformation. In 2024, Canon France and La Poste collaborated to reduce reliance on paper by automating government agencies' document handling processes. Printers and other multipurpose devices that can connect to the cloud are becoming more and more necessary in both the public and private sectors.
Germany Printer Market
Germany continues to be a center for industrial technology, including 3D printing. At the beginning of 2025, Heidelberg introduced a new digital press designed specifically for the packaging sector, demonstrating the growing prevalence of short-run, specialized print jobs. Additionally, AI is becoming more and more well-liked in the German market for print quality control and predictive maintenance systems.
Global Printer Market By Geography
- Largest
- Fastest
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Printer Market Dynamics
Printer Market Drivers
Multi-Functional Printers (MFPs) Are Gaining Popularity
- One of the main causes is the growing use of MFPs both at work and at home. These multipurpose copiers, fax machines, printers, and scanners are affordable and simple to operate. Compact, all-in-one printers are growing in popularity globally as businesses look to reduce equipment costs and space. This is particularly true in developing nations where office automation is rapidly expanding.
Developments in Technology and the Application of AI
- Through the addition of features like real-time monitoring, automated procedures, and predictive maintenance, AI and IoT are increasing the utility of printers. Businesses looking to simplify document management will find these new concepts appealing because they improve operational efficiency and reduce downtime. The number of applications is increasing along with the number of smart printers that can connect to the cloud.
Printer Market Restraints
Making Digital Records More Popular
- Printing on paper is becoming less significant as businesses go paperless, and communication becomes more digital. Many businesses reduce their use of printers through digital processes, cloud storage, and digital signatures. Traditional printers are finding it more difficult to survive because of this trend, particularly in developed nations where people are working from home and are concerned about the environment.
High Operating and Repair Expenses
- Toner, part replacement, and technical support are some of the largest expenses associated with printer maintenance, particularly for high-end or multifunction printers. Small businesses and those with limited funds may be put off by these ongoing expenses. Additionally, malfunctioning, low-quality models frequently increase operating costs and impede global printer market penetration.
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Printer Market Competitive Landscape
Creating multifunctional printers, growing cloud and AI-enabled services, and establishing strategic alliances to fortify their distribution networks are some of the printer market strategies being used by major players in the fiercely competitive market. To attract clients who are concerned about sustainability, businesses concentrate on creating affordable and environmentally friendly printing solutions. For example, HP invests heavily in smart printing technologies, while Canon prioritizes the security and longevity of its business printers.
- Inkbit (USA, established in 2017): A Massachusetts-based company called Inkbit is leading the way in AI-powered 3D printers. The company's additive manufacturing systems make use of machine vision and real-time AI analytics. This enables them to automatically correct errors during printing. This innovative concept ensures consistently high-quality outputs while reducing production downtime. The technology developed by Inkbit is revolutionizing factory production, particularly in sectors that require highly accurate prototypes, such as electronics, automotive engineering, and medical devices.
- Velo3D (USA, established in 2014): A California-based business called Velo3D is revolutionizing 3D printing of metal. Despite being developed in 2014, support-free printing technology, which allowed for the creation of complex shapes without the use of conventional structural supports, saw significant commercial success in 2015. By lowering production limitations and material waste, this development helps the aerospace, energy, and defense sectors. High-performance products that were thought to be challenging to create using conventional techniques can now be produced by manufacturers thanks to Velo3D.
Top Player’s Company Profile
- HP Inc.
- Canon Inc.
- Epson Corporation
- Brother Industries, Ltd.
- Lexmark International, Inc.
- Xerox Corporation
- Ricoh Company, Ltd.
- Konica Minolta, Inc.
- Samsung Electronics
- Kyocera Document Solutions
- Dell Technologies
- Panasonic Corporation
- Sharp Corporation
- Toshiba Corporation
Recent Developments in Printer Market
- In October 2024, Canon announced the launch of image FORCE, a new line of multifunction printers. This line enhances Canon's established position in printing technologies. The FORCE image series was developed in response to the changing business requirements of contemporary work environments. The flagship models evaluate network environments and suggest appropriate security configurations using artificial intelligence (AI) based on machine learning.
- In September 2024, Epson is ready to pay approximately £445 million to acquire Fiery. The Japanese printer manufacturer announced that it had reached an agreement with affiliates of Siris Capital Group to buy out all of the interests.
- In March 2024, HP Development Company, L.P. introduced the latest range of HP digital printing presses and intelligent solutions, including the HP Indigo 120k Digital Press, a cutting-edge digital printing solution designed for demanding commercial printing environments. The press can print up to 4,600 B2 sheets per hour and uses the liquid electrophotography extended (LEPx) technology, which sets the standard for high-volume production, automation, and user-friendliness.
Printer Key Market Trends
- Long-Lasting and Environmentally Friendly Printing: Eco-friendly printing options, like paper-saving technologies, recyclable cartridges, and energy-efficient equipment, are becoming more and more popular. To draw in clients and environmentally conscious companies, companies are producing printers that adhere to more stringent environmental regulations and assist companies in achieving their sustainability objectives.
- Cloud-Based and Mobile-Friendly Printing is Becoming More Popular: One of the global printer industry trends includes popularity of cloud-based and mobile-friendly printing. Printers that support wireless, remote, and cloud-based printing are becoming more and more necessary as more people use mobile devices and internet services. Cloud platforms and mobile printing apps allow users to print from any location. As a result, hybrid work models are easier to use and more productive.
Printer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, as more and more people are using multipurpose smart printers that use AI and cloud technology, the global printer market is constantly evolving. However, issues like the transition to digital recordkeeping and high operating costs are preventing growth. Two major themes that will influence the future are sustainability and cloud/mobile printing. To maintain their competitive edge and ensure that the industry continues to grow even in the face of digital disruption, industry leaders prioritize innovation, environmentally friendly solutions, and strategic partnerships.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 47.5 Billion |
| Market size value in 2032 | USD 74.32 Billion |
| Growth Rate | 5.1% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Printer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Printer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Printer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Printer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Printer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Printer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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