Multi-functional Printers – Market Analysis and Opportunity Assessment by Technavio

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According to the latest market research study by Technavio, the global multi-functional printers market is projected to grow at a CAGR of about 3% during the forecast period 2017 to 2021.

This report by Technavio provides an in-depth analysis of the global multi-functional printers market regarding revenue and emerging market trends. The report also consists of an up-to-date analysis and forecasts for countless market sections and all geographical regions.

Technavio research analysts categorize the market based on the technology

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Global laser multi-functional printers market: The growing popularity of laser printers over inkjet printers will drive the growth in this market segment. Laser printers offer various advantages, which include fast printing and toner cartridges last longer, which, in turn, will boost the demand for these products in the global market. Furthermore, the benefits of using laser multi-functional printer devices help the owners reduce the cost of ownership of these systems. In 2016, unit shipment of the laser MFP segment accounted for the majority share of the global unit shipment of MFPs with around 58 million units.

The manufacturers in the market are designing laser multi-functional printers to meet the requirement of various consumers that will boost the sales and increase its profitability. The different products that are available in the market include color and monochrome MFPs. The hardware components of these printers differ by the color tint,” says Chetan Mohan, a lead analyst at Technavio for research on computing devices.

Global inkjet multi-functional printers market: The low prices and discounted rates of inkjet printers will fuel the growth of this market segment. The vendors in the market are launching branded products in cartridges that improve the print quality and avoid the blockage or damage to the print heads. The manufacturers are also investing in the development of technology that supports higher resolutions in these printers to expand their market and attract more consumers.

Global LED multi-functional printers market: LED MFP offer high-resolution images compared with laser MFP. The technology and hardware used to transfer the digital image onto the paper are the same, only difference being in the use of LED beam instead of the laser beam to form the content on the OPC drum. The vendors are designing devices that are smaller and more compact compared to a laser printer, resulting in a higher depth of the image, text, or similar content. The manufacturers in the market are also trying to launch new products to increase its popularity in the global market.

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The key retailers operating in the global multi-functional printers market are:

  • Canon
  • HP
  • Konica Minolta
  • KYOCERA Document Solution
  • Xerox

The other prominent sellers in the market include Brother International and Lexmark International.

A more detailed analysis is available in the Technavio report titled, ‘Global Multi-functional Printers Market 2017-2021’. Technavio also customizes reports by other regions and precise segments upon request.

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