Global Thermal Printing Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Thermal Printing Market  Overview:

“The global Thermal Printing Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global thermal printing market is segmented on the basis of printer type, technology, application, and region.

Use of heated pins to produce an impression or information on a thermal paper is called thermal printing. Thermal printers are durable in terms of its single use function, provide high-speed printing, owing to which they are used at point of sales (POS) counters. Thermal papers too are easily available, and are less expensive.

Increasing demand for thermal printers from retail, warehouse, logistics, and manufacturing sectors is a major factor driving growth of the global thermal printing market. In addition, rising concerns related to counterfeiting of goods, and products is another factor expected to boost demand for thermal printing and thermal printers in the global market.

Moreover, increasing adoption of automated and advanced technologies such as automatic identification and data capture (AIDC), and wireless mobile printers are some other factors driving growth of the global market. Increasing adoption of thermal printers in healthcare sector is expected to further drive growth of the global market to a significant extent over the forecast period.

However, major factor hampering growth of the global thermal printing market is low quality of printed labels, as they are sensitive to heat, light, and abrasion. In addition, thermal printers cannot be used for general printing, and compatibility issues are some other factors restraining growth of the global market.

North America accounts for largest revenue share in the global thermal printing market, owing to increasing adoption of thermal printers in various sectors such as logistics, smart packaging, warehousing etc. The market in Europe accounts for significant revenue share in the target market, and is expected to witness considerable growth over the forecast period.

This can be attributed to rapid urbanization and development of retail and e-Commerce sector in countries in this region coupled with presence of major thermal printer manufacturers in this region.

Global Thermal Printing Market Segmentation:

Segmentation on the basis of printer type:

• Barcode Printers
• Point of Sale (POS) Printers
• Kiosk and Ticket Printers
• RFID Printers

Segmentation on the basis of technology:

• Thermal Transfer (TT)
• Direct Thermal (DT)

Segmentation on the basis of application:

• Retail
• Transportation and Logistics
• Manufacturing and Industrial
• Healthcare and Hospitality
• Government
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa