Thermal Printing Market Set To Surpass USD 53.5 Billion By 2025
Posted by Tom C on November 29th, 2023
The global thermal printing market is anticipated to experience significant growth, according to the latest market research report released by MarketsandMarkets. Valued at USD 43.2 billion in 2020, the market is poised to reach a projected value of USD 53.5 billion by 2025, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.
Thermal printing technology continues to be a cornerstone in various industries, providing efficient, cost-effective, and high-quality printing solutions. From retail and healthcare to manufacturing and logistics, thermal printing plays a vital role in labeling, ticketing, packaging, and other applications requiring fast and reliable printing.
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Key drivers fueling the growth of the thermal printing market include:
The analysis suggests that North America currently holds a substantial share in the thermal printing market, followed by regions such as Europe and Asia Pacific. However, rapid industrialization, infrastructure development, and increasing adoption of thermal printing technologies in emerging economies are expected to fuel market growth in the Asia Pacific region during the forecast period.
MarketsandMarkets identifies substantial growth opportunities for companies operating in the thermal printing sector. Market players are focusing on product innovation, strategic partnerships, and expanding their geographical footprint to capitalize on the evolving market landscape.
Leading companies in the global thermal printing market include Zebra Technologies (US), SATO Holdings (Japan), Seiko Epson (Japan), Star Micronics (Japan), and Honeywell International (US). Zebra Technologies.
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About the AuthorTom C
Joined: July 2nd, 2020
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