The global Printer Market is expected to witness growth over the forecast period owing to the large-scale use of various printing devices in the U.S., Germany, Japan, China, Mexico, India, and the UK. The printer is an electronic device used to print text and images on various printing media or paper from computers.
The product is categorized into two types based on the ink dot intensity and pixel size into impact and non-impact printers. An impact printer prints images and text and images using a print ribbon that is, in turn, pressed upon a printable surface using pins. However, these are noiseless and doesn’t use the conventional way of printing. By print technology, a product is classified as laser, thermal, inkjet and dot matrix printers.
Laser printers make use of drums that use a different technology and electrically roll charged beam onto the printable material. Inkjet printers form images by the virtue of dropping small droplets of ink through nozzles on the paper. Growing technology demand owing to its printing technique coupled with the clarity, fineness, and smoothness achieved on account of high resolution is expected to augment market growth over the forecast period. Also, inkjet printers are cheaper and also provide photographic printing capabilities when compared to other technologies available in the market, which will propel its demand over the next seven years. The third type of printer is the large or wide format printer that fulfills the need for graphic requisites of the numerous applications such as banners, signages, bill boards and apparels.
Growing advantages such as the ability to print on large format digital printers and the high quality of pictures owing to improved sharpness and the color intensity will augment industry size over the forecast period. Large format printers have wide spread use in printing industry which will spur demand over the forecast period. However, high costs of the equipment are expected to hinder industry growth over the forecast period.
3D printing, commonly known as additive printing uses a variety of printing materials and allows suppliers to develop objects on digital files. The materials used 3D printing include various types of metals, polymers, and ceramics. Manufacturing complex designs become an easy task on account of methodologies employed by 3D printing. The presence of a broad network of potential prospects for 3D printing is expected to fuel industry demand over the forecast period.
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