Thermal Printing Market Size
Thermal Printing Market size exceeded USD 30 billion in 2019 and is poised to grow at 7% CAGR between 2020 and 2026. Increasing adoption of Automatic Identification & Data Capture (AIDC) technologies across several industry verticals for accurate data recognition, collection, and storage will drive the market growth.
Thermal printing is a way to produce identity labels or receipts quickly and accurately. The desire to get more work done, cut down on paperwork, and make sure that data is collected and sent correctly has made thermal printing more popular in AIDC technology. Thermal printing is widely utilized in AIDC because it is very reliable, fast, accurate, and good at printing barcodes. Thermal printers are becoming more popular in a number of industries since they are small and very durable compared to other types of printers, like inkjet and dot matrix.
It's fantastic news for companies that create thermal printers that governments are doing things to assist industry expand. The G20's ambition to help countries in Africa and other less developed areas become more industrialized is one example. The goal of this plan is to reduce poverty and make the economy more stable, which will let industries like retail, shipping, and manufacturing expand. These companies need to print labels swiftly so they may send their goods to clients faster and generate more money. Thermal printing is common in industries because it can make pictures that last and can handle bad weather. It may also generate clear images that don't smudge, which is vital for keeping things safe and combating fraud.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Thermal Printing Market Size in 2019 | USD 30 Billion |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 7% |
| 2026 Value Projection | USD 50 Billion |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 906 |
| Segments covered | Offering, Product, Type, Technology, Application and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
The growth of the thermal printing industry will slow down for a short time in 2020. The decline in global economic development and the temporary closure of several industries during the first phase of lockdowns around the world are to blame for this. The market will grow more slowly because e-commerce sellers can't get the goods they need because of closed factories and problems with the supply chain. The pandemic has also affected the production capacity of market participants because there aren't enough workers, which has led to a drop in sales of thermal printing solutions.
Thermal Printing Market Analysis
More than 65% of the market share was made up of thermal printing supplies and consumables. To get better print quality and less wear and tear on the printer, it's important to use high-quality consumables. Bad quality thermal ribbons can hurt printheads and make maintenance more expensive. This has led to the use of high-quality wax or resin ribbons, which make prints last longer and look better, even when exposed to high temperatures or chemicals. Depending on the needs, many types of labels are used, like paper or synthetic ones. Putting lower-quality receipt paper into thermal printers can make them work less well and make the print harder to read.
The barcode printer section of the U.S. thermal printing industry is expected to rise by about 9% by 2026. Accurate data entry is very important for a business's operational efficiency. In busy factories, barcoding helps operations run smoothly and consistently by merging different data management tasks. This boosts productivity. Using standardized barcode compliance labeling and symbology makes sure that the data from the barcode is sent in a way that everyone can understand and agree on. Companies are working hard to meet the increased demand from businesses for strong barcode printing solutions.
About a quarter of all printers sold around the world in 2019 were portable ones that could print on the go. These useful machines let you print documents, labels, and tickets right away, from barcodes to RFID tags. Because they're so easy to carry, firms can find innovative ways to help their workers do their jobs better. For instance, mobile printers can help employees get more done, make sure labels are correct, and meet customer requests promptly. These printers are strong, simple to use, and light. They can be used with computers that can be mounted, held in your hand, or even worn on your body. Mobile printers can connect to Wi-Fi networks, which lets them access information from computers and mobile devices, such as label designs, print jobs, and more. The mobile printer market will develop even more in the future as more people embrace wireless technologies like Bluetooth and NFC.
The expansion of the market will be fueled by the rise of digitization in healthcare. Several healthcare companies in China are working to provide the best care possible by making it easy for staff members to work together and talk to each other quickly. Companies are building healthcare solutions that link patient records to doctors so that things can run more smoothly and quickly. For accurate identification, barcode, RFID, and other auto ID technologies are being employed. This makes patients safer and happier. The hospitality industry also uses printers to quickly print wristbands and event tickets so that check-ins are quick and safe.
Thermal transfer printing uses a heated ribbon to make long-lasting pictures on many different kinds of materials. The printed picture can handle heat and moisture, which makes the labels very strong. Thermal transfer printing makes printing that is always clear, high-definition, and dependable because the ribbon and printer resolution affect the density and color of the printed image. Also, thermal transfer printers are cheaper to maintain over time than inkjet, dot matrix, and laser printers, which has helped them become popular in the market.
The thermal printing business in Europe is going to grow quite quickly in the next several years. This is mostly because the packaged food business is doing quite well in places like the UK, France, and Spain. Food and drink exports from the UK were worth a huge $25 billion in 2018, which was a huge boost for the economy. Because of this, there is a tremendous need for printers that can make labels for food that are clear and easy to read. These labels aren't simply for looks. They are also very important for keeping food secure. Barcode labels make it easy to find and throw away food that has gone bad or is past its expiration date. This saves time and money. They can also assist keep litigation from happening.
Thermal Printing Market Share
Major players operating in the industry include
- Brother Industries Ltd.
- Bixolon
- Honeywell International, Inc.
- Fujitsu Ltd.
- Sato Holdings Corporation
- Seiko Epson Corporation
- Star Micronics Co. Ltd.
- Toshiba Corporation
- TSC Auto ID Technology Co. Ltd.
- Avery Dennison Inc.
- Wasp Barcode Technologies
- Zebra Technologies Corp.
- NCR Corporation
The key companies are focusing on launching new solutions to strengthen their industry position. In April 2019, Fujitsu Limited introduced new two and three-inch thermal printing mechanisms with improved printing speeds. In March 2020, Brother Industries introduced an industrial thermal printer developed specifically for the automatic packaging industry.
The thermal printing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2026 for the following segments
Market, By Offering
- Printer
- Supplies & consumables
Market, By Product
- Industrial
- Desktop
- Mobile
Market, By Type
- Barcode printer
- Card printer
- Kiosk & ticket printer
- POS printer
- RFID printer
- Others
Market, By Technology
- Direct Thermal (DT)
- Thermal Transfer (TT)
- Dye Diffusion Thermal Transfer (D2T2)
Market, By Application
- Entertainment & hospitality
- Government
- Healthcare
- Manufacturing
- Retail
- Transportation & logistics
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Australia & New Zealand (ANZ)
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- Saudi Arabia
- UAE
- South Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy