Market Share of Production Printer Industry
The production printer market features prominent players like Xerox Corporation, Hewlett-Packard Development Company LP, and Canon Inc., among others, actively shaping market growth. These leading vendors are continually striving to offer cutting-edge products to entice consumers. Concurrently, smaller and emerging vendors in the market are expected to concentrate on cost-effectiveness, further escalating competitive pressures. Key factors contributing to this heightened competitive landscape include technological advancements, increased printing speed, and cost-effectiveness.
In May 2023, Ricoh and Toshiba announced a strategic partnership to consolidate their production of printers, copiers, and other office machines. The agreement, slated for implementation in 2024, will merge Ricoh and Toshiba Tec's manufacturing capabilities into a single entity, with Ricoh holding the majority stake. The collaboration between these two industry leaders will leverage their respective technologies to enhance competitiveness.
Furthermore, in January 2023, Xerox acquired Advanced UK, a hardware and managed print services provider based in Uxbridge, UK, and a long-standing Xerox Platinum partner. This acquisition empowers Xerox to expand its vertical integration, bolster its presence in the United Kingdom, and ensure seamless service continuation for Advanced UK's customer base.
Production Printers Market Leaders
Xerox Corporation
Canon Inc.
Ricoh Company Ltd
Hewlett-Packard Development Company, L.P.
Eastman Kodak Company
*Disclaimer: Major Players sorted in no particular order
