Market Overview:
The global laser multifunction printer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser multifunction printers from home users and commercial office users. Laser multifunction printers are being increasingly used in homes owing to their low cost of ownership and high print speed as compared to inkjet printers. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing significantly towards the growth of this market. BYOD refers to employees using their personal devices such as laptops, smartphones, and tablets for work-related purposes.
Product Definition:
A laser multifunction printer (LMP) is a type of office printer that can print, scan, and copy documents. They are typically more expensive than other types of printers but offer more features. LMPs are important for businesses because they can save time and money by allowing employees to print, scan, and copy documents without having to go to a different machine.
Color Multi-Function Printer:
The color multi-function printer is also known as the full-page printer, it prints on both sides of the paper. It can print in different colors and has capabilities to handle different types of media like card stock, labels, transparencies and so on. The color multi-function printers are used by large enterprises for printing catalogs, brochures etc., which are widely used by companies for marketing purposes.
Monochrome Multi-Function Printer:
Monochrome multi-function printer (MMP) is a special purpose printer that can produce both black and white as well as color documents. It's major applications are in the laser multifunction printers market. Monochrome multi-function printers are used for printing on labels, barcode tags, envelopes, ID badges and laminates among others.
Application Insights:
The commercial office use segment dominated the global laser multifunction printer market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for high-quality and cost-efficient printing solutions from various end-use industries, such as business, government and education. Laser multifunction printers are widely used in offices on a rental basis or by way of purchase due to their high productivity. These devices also offer enhanced flexibility with regard to paper handling as they can handle different types of paper including card stock, recycled paper and tissue papers with ease.
The home use segment is projected register notable growth over the next eight years owing to rising adoption of these devices across all income groups in both developed and developing countries worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in infrastructure development and rapid industrialization in countries such as China, India, and Japan. In addition, rising demand for multifunction printers from corporate and commercial sectors is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high product penetration rates across several industries such as healthcare & life sciences, business services & administration among others. Increasing adoption of laser printers by small-scale businesses due their compact size will further propel industry expansion over next eight years.
North America was valued at USD X million in 2017 owing to presence of prominent manufacturers including HP Inc., Koninklijke Philips N.V., Samsung Electronics Co.
Growth Factors:
- Increasing demand for multifunctional printers in the office environment
- Rising demand for laser printers in the small and medium-sized businesses (SMBs) segment
- Proliferation of cloud printing and mobile printing technologies
- Growing popularity of 3D printing technology
- Emergence of new applications such as precision engineering, medical device manufacturing, and aerospace engineering that require high-quality prints
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Multifunction Printer Market Research Report
By Type
Color Multi-Function Printer, Monochrome Multi-Function Printer
By Application
Home Use, Commercial Office Use
By Companies
HP, Brother, Lexmark, Xerox, Canon, Epson, Konica Minolta, Ricoh, Kyocera, Toshiba, Sharp, Okidata
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Laser Multifunction Printer Market Report Segments:
The global Laser Multifunction Printer market is segmented on the basis of:
Types
Color Multi-Function Printer, Monochrome Multi-Function Printer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Office Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HP
- Brother
- Lexmark
- Xerox
- Canon
- Epson
- Konica Minolta
- Ricoh
- Kyocera
- Toshiba
- Sharp
- Okidata
Highlights of The Laser Multifunction Printer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Color Multi-Function Printer
- Monochrome Multi-Function Printer
- By Application:
- Home Use
- Commercial Office Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Multifunction Printer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laser multifunction printer is a printer that can print, copy, and scan documents.
Some of the key players operating in the laser multifunction printer market are HP, Brother, Lexmark, Xerox, Canon, Epson, Konica Minolta, Ricoh, Kyocera, Toshiba, Sharp, Okidata.
The laser multifunction printer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Multifunction Printer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser Multifunction Printer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Multifunction Printer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser Multifunction Printer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser Multifunction Printer Market Size & Forecast, 2020-2028
4.5.1 Laser Multifunction Printer Market Size and Y-o-Y Growth
4.5.2 Laser Multifunction Printer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Color Multi-Function Printer
5.2.2 Monochrome Multi-Function Printer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Office Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Multifunction Printer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Multifunction Printer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Color Multi-Function Printer
9.6.2 Monochrome Multi-Function Printer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Office Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Color Multi-Function Printer
10.6.2 Monochrome Multi-Function Printer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Office Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Color Multi-Function Printer
11.6.2 Monochrome Multi-Function Printer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Office Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Color Multi-Function Printer
12.6.2 Monochrome Multi-Function Printer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Office Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Color Multi-Function Printer
13.6.2 Monochrome Multi-Function Printer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Office Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Multifunction Printer Market: Competitive Dashboard
14.2 Global Laser Multifunction Printer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HP
14.3.2 Brother
14.3.3 Lexmark
14.3.4 Xerox
14.3.5 Canon
14.3.6 Epson
14.3.7 Konica Minolta
14.3.8 Ricoh
14.3.9 Kyocera
14.3.10 Toshiba
14.3.11 Sharp
14.3.12 Okidata
