The "Global Portable Printer Market by Technology (Thermal, Inkjet and Impact), Output Type (Barcode, Labels & ticketing, receipts, documents & others), End Use Industry (Retail, Transportation & Logistics, Hospitality, Manufacturing and others) and Geography – Global Forecast to 2025" was valued at US$ 464.7 million in 2016 and is estimated to grow at a CAGR of 7.7% during the forecast period (2017–2025), as highlighted in a report published by Coherent Market Insights.
Browse 90 market data tables and 40 figures through 250 pages on "Portable Printer Market - Global forecast to 2025”.
According to estimates by Google, around 3 billion employees, accounting for 80% of the global workforce, are involved in desk less or physical work. Around 1.4 billion workforce, accounting for 40% of the global workforce is mobile workforce, which is further expected to increase over the next few years and drive the demand for mobile devices and systems.
Growing multi-chain retailing and associated logistic requirements are among the prominent drivers for the market growth. The market growth is also driven by its considerable applications in receipt printing and invoice generation along with benefits such as proof-of-delivery, last mile delivery, and inventory management. Portable printers help reduce time required for operations and help enterprises enhance consumer interaction and engagement, which, in turn, enhances consumer loyalty and boost business.
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Mopria Alliance was introduced in September 2013, with four leading printing manufacturers- Canon, Hewlett-Packard, Xerox, and Samsung. Now, the alliance has a participation of over 21 member organizations representing around 97% of the global printing business. This alliance was formed to develop global wireless printing standards for easy information transfer and enhanced consumer usability. However, this unification has led to considerable industry consolidation and is expected to favor the growth of mobile operated printers. This, in turn, is expected to reduce the requirement for portable printers and thereby hinder the market growth.
Key Takeaways of the Portable Printer Market:
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