Market Size of Hardcopy Peripherals & Printing Consumables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hardcopy Peripherals & Printing Consumables Market Analysis
The Hardcopy Peripherals & Printing Consumables Market is expected to grow at a CAGR of 7% over the forecast period 2021 to 2026.
- Expanding usage of printing consumables in educational institutes, organizations, and commercial sectors such as packaging and textile have been driving the growth of the specialty printing consumables market.
- Expansion in the textile printing industry, mounting applications in the packaging industry, industrial, and IT sectors is likely to encourage the use of digital printing technology in the market over the forecast period and is presumed to drive demand for Hardcopy Peripherals & Printing Consumables required for business communication activities in their business processes.
- According to CyberMedia (India) Ltd, the hardcopy peripherals market's growth was led by Inkjet printers, specifically Ink Tank printers, and now command the maximum part of the overall Inkjet market. The online sales played a significant role in catering to the market's increased demand from the Consumer and SMB segment.
- According to gfu & BVT, in 2019, the total number of sales for printers, scanners, and multifunctional devices (MFD) generated roughly 425 million euros, and approximately 3890 thousand devices were sold in Germany.
- Also, the increasing size of exports and online orders by E-commerce websites is anticipated to deliver the growth possibilities to the Hardcopy Peripherals & Printing Consumables Market players in the forecasted period.
- Toner being a powdered mix, is applied in laser printers and photocopies to print text on paper and images. It is widely accepted for commercial publishing such as novels, newspapers, and journals.
- With the flourishing education industry globally, the need for printed study material is progressing, thereby encouraging the growth of the Hardcopy Peripherals & Printing Consumables Market in this segment.
- On the other hand, the introduction of less time consuming and economical products are likely to pose a threat to the market.
