Retail Industry to Dominate India Thermal Printer Market During Forecast Period
Growing disposable income,
increasing use in on-demand printing applications and booming e-commerce sector
to drive the growth of India thermal printer market
According to
TechSci Research report, “India Thermal Printer Market By Product Type, By
Printing Technology, By Printing Speed, By Format Type, By Distribution
Channel, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2024” the India thermal printer market
is expected to significant growth during forecast period owing to the use of
thermal printers in on-demand printing applications, increasing adoption of
wireless technologies in mobile printers and growth of the e-commerce industry.
However, complexity in heat settings of thermal printers and poor image quality
can hamper the growth of market. Additionally, the presence of inkjet and laser
printing technologies can strongly restrict the growth of market during
forecast period.
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The India
thermal printer market is segmented based on product type, printing technology,
printing speed, format type, distribution channel, end user industry, company
and region. Based on format type, the market can be categorized into industrial,
desktop and mobile. The mobile format type dominates the market attributable to
their ability to receive a command from mobiles, smartphones and tablets either
through connecting cables or through wireless connection enabled by short-range
Bluetooth technology. Additionally, these are light weight, easy to use,
cost-effective, durable and efficient when compared to other printing
technologies. Based on end user industry, the market can be fragmented into food
& beverage, healthcare, clothing & apparel, retail and others. The
retail sector is expected to dominate the market during forecast period. This
can be ascribed to the growing need for maintaining data by tracking inventory
through the barcode and RFID tags.
Honeywell
International India Pvt. Ltd., Fujitsu India Pvt. Ltd., Brother International
(India) Pvt. Ltd., SATO Argox India Private Limited, Zebra Technologies India
Pvt Ltd, Epson India Pvt Ltd., Star Micronics Co. Ltd., Toshiba TEC India, Maxim
Peripherals Private Limited, TSC Auto ID Technology Co., Ltd and others are some of the
leading players operating in India thermal printer market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“India thermal
printer market is projected to witness steady growth through 2024 owing to the increasing
adoption of thermal printers in various sectors such as logistics, smart
packaging, warehousing, among others. Additionally, factors such as increasing
industrialization and presence of key e-commerce players in the country are
anticipated to further propel the market over the coming years” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Thermal Printer Market By Product Type,
By Printing Technology, By Printing Speed, By Format Type, By Distribution
Channel, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of India thermal printer market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India thermal printer market.
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