A recent market intelligence report that is published by Data Insights Partner on the global Thermal Printing Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Thermal Printing Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Thermal Printing Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Thermal Printing Market is offered. In accordance with the report, the global Thermal Printing Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Thermal printing is a printing process that involves storage of information electronically. The image or information is printed by partially heating the coated thermal paper during the process of intersection of the thermal paper with the thermal print head. The thermal printer comprises of a thermal head, platen and spring. Thermal printers are feathery, hard-wearing and convenient. The use of thermal printers reduces man-made error and lowers the expenditure on human capital. But thermal printers ensure output without quality compromise and also facilitates product dogging.
Technological advancement that has resulted in the rising application of automatic identification and data capture techniques (AIDC) that results in elevation of productivity with respect to commodity is primarily driving the thermal printing market.
Inclination towards the use of barcode printers and RFID’s on behalf of the e-commerce platforms coupled with the broadening base of the e-commerce platforms is providing an initial impetus to this market.
Thermal printing enables the user to cope up with the issues of forgery and ensures the well-being of the products which is a direct result of it being a high-quality printing technique.
The market penetration of mobile printers that are easily portable associated with the propulsion of the wireless technologies and digitalization is heightening the growth of this market.
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Thermal printing is an advanced printing technology that is gaining momentum due to its widespread employment in printing bills, receipts, labels for the retail sector, transportation and logistics companies, health care centers and in the hospitality department. Also, the growth of the aforementioned sectors on account of globalization, industrialization, rapidly surging disposable income and demographic extension is likely to empower the growth of the thermal printing market.
Apart from this, rising population and urbanization on its own plays a huge role in spurring this market. The growth of population has led to an ever-increasing demand of goods and services from the consumers and charged up the retail sector which is fueling the growth of this market.
The availability of substitutable solutions for thermal printing is impeding the widespread application of thermal printing. The replacements of thermal printing are laser printing, and inkjet. The introduction of unique technologies like mobile barcoding, RFID, Electronic shelf levels could surely win a race with thermal printing despite the later being superior in certain senses.
The prevalence of cut-throat competition among the manufacturers of thermal printing generates entry barriers for new manufacturers disrupting the growing supply chain of thermal printing. Many manufacturers in this market has convenient access to various factors of production and can enjoy the economies of large-scale production.
The elaborate and complicated procedure related with the setting up of temperature of thermal barcode printers and the upsetting quality of barcode labels is stumbling block to this market.
Rigid directives of the governments on a global basis is disturbing the smooth functioning of the thermal printing market.
The outcome of thermal printing is embarrassing and subtle to corrosion, heat and light. Moreover, thermal printing cannot be used to print information substantially because of lack of affinity. These factors pose severe threat to the thermal printing market.
The soaring application of thermal printing in the medical sector to cure chronic diseases coupled with the rising suffering due to a variety of illness is likely to be great opportunity for the thermal printing market. Thermal printing dominates the cardiovascular sector of healthcare facilities.
The expansion of applications of thermal barcodes owing to its suitability and handiness and the its numerous usages in the supply channel to keep custody of information, resources and events is likely to drive the thermal printing market in the forecast period.
The manufacturer’s focus on research and development and technological advancement that aids to raise the product portfolio by the introduction of mobile printers and desktop-based thermal printing that are demanded by the consumers is likely to propel the growth of the thermal printing market during the forecast period.
The market of North America is expected to be the largest growing market for thermal printing in the forecast period. The key sectors accessing the benefits of thermal printing include hospitality and healthcare, transportation and logistics, industries and manufacturing units and retail outlets. This growth can be attributed to the convenience, handiness, recyclable papers and immediate outcomes resulting from thermal printing. Also, Europe and Asia-Pacific are expected to be the followers because of the presence of leading manufacturers of thermal printing in these regions. Urbanization, expansion of retail counters and e-commerce facilities are the supporting pillars for the expansion of thermal printing market in the aforesaid regions. Rising disposable income and developing economies can be the potential reasons for the enlargement of market structure in Latin America and Middle East and Africa. Barcode printers are expected to earn the substantial position in because of its accessibility by small, medium and large scale industries.
This market intelligence report on the global Thermal Printing Market encompasses market segments based on printing technology, format type, printer type, application and country.
By Printing Technology, the global Thermal Printing Market has been divided into:
q Dye Diffusion Thermal Transfer (D2T2)
q Thermal Transfer (TT)
q Direct Thermal (DT)
By Format Type, the global Thermal Printing Market has been divided into:
q Mobile Format
q Desktop Format
q Industrial Format
By Printer Type, the global Thermal Printing Market has been divided into:
q Card Printers
q RFID Printers
q Kiosk & Ticket Printer
q POS Printer
q Barcode Printer
By Application, the global Thermal Printing Market has been divided into:
q Healthcare & Hospitality
q Manufacturing & Industrial
q Transportation & Logistics
By country/region, the global Thermal Printing Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Honeywell International
q Star Micronics
q Seiko Epson
q SATO Holdings
q Zebra Technologies
q Toshiba Corporation
q Brother Industries, Ltd
q NCR Corporation
q Avery Dennison Inc
q TSC Auto ID Technology Co Ltd
Many others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Thermal Printing Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
CL4NX Plus was launched by SATO Holdings in January, 2020. CL4NX Plus is a thermal printer of industrial format that is resilient and reliable for application in mission-critical trace and track around the globe.
Toshiba American Business Solution
In September 2019 B-EX4T3HS was introduced by Toshiba American Business Solutions. It is a high-quality thermal barcode printer that produces super resolution labels. It is capable of producing labels with the least dimensions of 0.12 inches length and 0.51 inches width. It is as efficient to work at speed of six inches per second and can print 600 dots on an inch.
TSC Auto ID Technology
In January 2019, TSC Auto ID Technology made an announcement for acquiring Labeling Solutions, Inc. The latter being the dominant provider of labeling solutions. According to this announcement, Labeling Solutions was supposed to function as a distinct firm, hang on to its company name and brand name and continue to employ its employees, leaders and managers.
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Ø This study offers comprehensive yet detailed analysis of the Thermal Printing Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Thermal Printing Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Thermal Printing caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Thermal Printing Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identify key strengths and weaknesses of important market participants
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