Mobile Printer Market : Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )
Printers are used to print a paper document in text format or picture format. In earlier days, there were computer printers, dot matrix printers, laser printers, inkjet printers. As time changed, modification in printers were made as per the requirements. In current times, everybody wants to get the work done instantly. Therefore new printers are invented, which are much compact in size, easy to carry anywhere. These are known as Mobile printers. These are getting pretty popular in recent years due to their multiple connectivity segments, compact size and lightweight.
Mobile printer is also known as portable printer. It is a device that uses wireless network connections and allows users to print hard copy of data gathered and stored on digital devices like smartphones, tablets, portable laptops and other devices. These devices are smaller and compact, due to which they can be moved easily from one place to another place. The main feature of portable/mobile printers is wireless connectivity.
Market Size and Forecast
Global mobile printer market is valued at US$ 2,492.24 million in 2019 and is predicted to reach $8,556.43 million in 2025 with a CAGR of 15.6% between 2020- 2025.
In recent years, consumers are adopting smart devices like smartphones and tablets. These devices offer much more flexibility and accessibility. Today, smart devices with high speed connectivity are available. Due to these features the market for mobile printer can grow vastly. On demand printing capacity is the other key factor for the growth of this market. Another factor that is boosting the mobile printer market's growth is growth of online business like E-commerce, adoption of BYOD policy, rising penetration of internet, benefits of mobile printers over traditional office printers, easy to carry, and customizable printing. Such features are attracting consumers towards these easily movable printers. Millennial are the forefront users of these mobile printers as they can carry the printer easily. Being in busy lifestyle they can’t afford to travel far for the sole purpose of printing a document. They prefer to have mobile printer with them for such emergency works. Printers that are unprotected are easy target for Hackers. Unprotected printers can be hacked easily for data stealing. Adding a robust security system in mobile printers can provide a solid opportunity to market players. Mobile printers can also be vastly used in generating tokens, generating shipment labels, generating barcodes, sample tracking which need customized printing. Providing customized printing devices can also boost the opportunities for the market players. Research & development on better battery runtime time & availability of more number of pages will also increase mobile printers' opportunities in market.
Although the mobile printer market possesses many opportunities to grow, constantly increasing digitization can be a market restrain over the forecast period. Digitalization helps augment the transaction speeds, improve customer experience, and increase sales & marketing effectiveness. This makes the printed document trends outdated, and hence restrict the adoption of portable printer in the market. Moreover, due to advancement in cloud computing, most of the information is stored online, which can be transferred through internet. This has reduces the need of printed information for data distribution. It is likely to challenge the growth of this market.
The COVID-19 outbreak has already affected almost each and every industry in the world. Mobile printer industry is no exception in this. This pandemic resulted in production process interruptions, supply chain discrepancies, travel bans, and lockdowns. The mobile printer market has experienced a negative impact. This impact is supposed to be same for some time. On positive side, increased number of employees working from home or remotely due to pandemic, there is an increased need of mobile printers.
Leading market players are providing light weight printers to be carried easily from one location to another. Moreover, with increasing demand for new styles and compact sizes for printers manufacturers are focusing on providing innovative designs. In such move, in 2019 Epson introduced a portable printer “The WorkForce WF-110”. This is among one of the smallest printers in the world. This light weight device weighs only 1.59kg and can also fit into hand luggage or briefcase, making it a preferable choice to carry on travels so that users can print anything from anywhere. The WorkForce WF-110 has USB chargeable built-in rechargeable lithium-ion battery. More recently in February 2021, Polaroid launched its new Hi-Print mobile printer, which can convert pictures into stickers. Such advancements in the mobile printer industry promises a prominent growth opportunity during the forecast time period.
Mobile Printer Market has been bifurcated based on Output, End User, Technology, and Type. On the basis of output the market is segmented in pictures, receipts, barcode labels, document, and others. On the basis of end-user the market is bifurcated into retail, offices, hospitality, healthcare, warehousing & distribution and residential. The global mobile printing market is segmented into Wi-Fi, infrared data association, Bluetooth, and others based on technology. Based on type, there are three segment; Inkjet, Thermal and Impact printers.
The key players operating in the Portable Printer market are Bixolon Co. Ltd, Brother Industries Ltd., Canon Inc., Fujitsu, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Polaroid Corporation, Printek LLC, Toshiba Tec Corporation, and ZEBRA Technologies.