Though we are in the digital world where every paper work can be documented digitally and paperless offices and transactions are making environmentalists happy, printers still are on great demand as majority of customers in India prefer to have hard copies of bills and receipts for the products they buy and services they receive.
Impact and non-impact Printers
Printers are available in varied speeds, sizes, levels of sophistication and costs. They are broadly fall under two categories - impact printers and non-impact printers. In impact printers, such as dot-matrix printers, images and text created on papers due to physical contact between paper and the print head. However, non-impact printers such as Laser printers and inkjet printers can print images without the contact of print head with paper.
Printers are classified on the basis of technology as dot-matrix printers, thermal printers, laser printers and inkjet printers. Laser printers are available in three variants such as monochrome laser printers, color laser printers and laser MFPs.
The global printer market, categorized on the basis of regions and technology, is expected to grow at a CAGR of 0.9% from 2016 to 2018.
HCP Market in India
The Hardcopy Peripherals (HCP) market in India is in the transformation mode – from laser to inkjet printers -- due to the entry of low cost and high efficient ink tank printers, according to International Data Corporation (IDC). The commercial segment that was thus far dominated by the Laser printers has been penetrated by Ink tank printers.
Internationally, inkjet printers are in great demand due to their low costs, speed, ease of use, less noise and high output quality. They can print smoother and finer details. Inkjet printers are useful for printing pictures in vivid colors. Robust usage of inkjet printers would be the key growth factor for the overall printer market.
More so, the dominance of multifunction printers (MFPs), which can perform various functions like scan, print, fax and copy will also spur growth posing a big challenge for laser printers.
Important geographical locations for printer market include North America and South America, Europe, Middle East and Africa and Asia Pacific.
Leading printer manufacturers in the global market include: Hewlett-Packard, Brother Industries, Seiko Epson Corporation, Canon, Samsung Electronics and Xerox Corporation.