Market Overview:
The global multi-functional 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 multifunctional printers for both home and office use. Additionally, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. On the basis of type, color multi-function printers are expected to dominate the global multi-functional printer market during the forecast period from 2018 to 2030. This can be attributed to their high demand in both home and office applications.
Product Definition:
A multi-functional printer is a device that can print, scan, and photocopy documents. They are often smaller and cheaper than traditional printers, making them popular for home offices. Multi-functional printers also offer features like Wi-Fi connectivity and the ability to print from mobile devices.
Color Multi-Function Printer:
The global color multi-function printer, also known as full-color inkjet (FCIP) printer is a type of digital printing technology that utilizes an array of inks to print on various substrates. The technology was developed by Hewlett Packard and IBM and first implemented in their respective HP LaserJet 4 & 5 printers.
Monochrome Multi-Function Printer:
Monochrome multi-function printer (MFP) is a multifunctional printer with monochrome laser printing, photocopying, scanning and faxing capabilities. It's primary function is to print in black and white; however it can also produce color prints when connected to an external device that supports color printing.
Application Insights:
The commercial office use segment dominated the global multi-functional printer market, accounting for a share of over 60.0% in 2017. The growth can be attributed to the increasing demand from companies and institutions for printing documents on various substrates such as paper, plastic, glass and metal with high quality. In addition, MFPs with wireless connectivity enable easy access to printers from different parts of a building by eliminating the need for cabling or installation.
The home use segment is expected to witness significant growth over the forecast period owing to rising demand from consumers for printing photos and documents at affordable prices through e-commerce platforms and local retail stores across various regions including Asia Pacific, Latin America & MEA region. Furthermore, technological advancements in color MFPs are expected to drive their adoption rate among consumers globally thereby fueling market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of MFP users as well as color multifunction printers. Increasing penetration of technology coupled with growing commercial office use is anticipated to drive regional growth over the next eight years.
The Asia Pacific region has been witnessing strong economic growth on account of increasing investments by multinational companies in developing countries such as China, India, and Japan among others are driving demand for MFPs across all regions. Furthermore, rising purchasing power along with rapid industrialization & urbanization will also boost demand for multi-functional printers across this region during the forecast period from 2018 to 2030 timeframe.
Growth Factors:
- Increasing demand for multi-functional printers from small and medium businesses (SMBs) due to the advantages of cost savings, efficiency, and productivity.
- Proliferation of mobile devices and BYOD trend is expected to drive the demand for multi-functional printers as they offer easy printing from smartphones and tablets.
- Rapid growth in the e-commerce sector is fueling the demand for multi-functional printers as they are used extensively for printing shipping labels, barcodes, etc., which is critical for smooth functioning of online businesses.
- The increasing popularity of cloud services is also contributing to the growth of multi-functional printer market as these devices can be easily connected to cloud services for wireless printing purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-functional Printer Market Research Report
By Type
Color Multi-Function Printer, Monochrome Multi-Function Printer
By Application
Home Use, Commercial Office Use
By Companies
HP, Ricoh, Canon, Epson, Brother, Xerox, Konica Minolta, Kyocera, Lexmark, Toshiba, Sharp, Oki Data, Lenovo, PANTUM
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Multi-functional Printer Market Report Segments:
The global Multi-functional 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
- Ricoh
- Canon
- Epson
- Brother
- Xerox
- Konica Minolta
- Kyocera
- Lexmark
- Toshiba
- Sharp
- Oki Data
- Lenovo
- PANTUM
Highlights of The Multi-functional 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 Multi-functional 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.
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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 multi-functional printer is a device that can print, copy, scan and fax.
Some of the key players operating in the multi-functional printer market are HP, Ricoh, Canon, Epson, Brother, Xerox, Konica Minolta, Kyocera, Lexmark, Toshiba, Sharp, Oki Data, Lenovo, PANTUM.
The multi-functional 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 Multi-functional 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 Multi-functional Printer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-functional 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 Multi-functional 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 Multi-functional Printer Market Size & Forecast, 2020-2028
4.5.1 Multi-functional Printer Market Size and Y-o-Y Growth
4.5.2 Multi-functional 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 Multi-functional 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 Multi-functional 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 Multi-functional Printer Market: Competitive Dashboard
14.2 Global Multi-functional Printer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HP
14.3.2 Ricoh
14.3.3 Canon
14.3.4 Epson
14.3.5 Brother
14.3.6 Xerox
14.3.7 Konica Minolta
14.3.8 Kyocera
14.3.9 Lexmark
14.3.10 Toshiba
14.3.11 Sharp
14.3.12 Oki Data
14.3.13 Lenovo
14.3.14 PANTUM
