Market Overview:
The global multifunction fax machines 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 devices and the growing trend of paperless office setups. Laser multifunction fax machines are expected to dominate the market during the forecast period, owing to their high speed and efficiency. In terms of applications, commercial use is expected to hold a larger share of the global multifunction fax machines market than household use during the forecast period. North America is estimated to be one of the leading markets for multifunctional fax machines in 2018, followed by Europe and Asia Pacific.
Product Definition:
Multifunction fax machines are office devices that can print, scan and send faxes. They are often used in businesses to send and receive documents quickly. Multifunction fax machines can save time and money because employees don't have to use multiple devices to complete tasks.
Laser Multifunction Fax Machines:
Laser multifunction (LMF) fax machines are electronic devices capable of performing several conventional functions such as copy, print, scan and fax. These devices are equipped with a high-resolution imaging system that enables the user to capture images from any source and also offer a wide range of options for printing. The laser beam used in these products is much faster than the thermal paper based traditional systems; hence it offers better speed in document transmission.
Inkjet Multifunction Fax Machines:
Inkjet multifunction fax machines and it's usage in the multifunction fax machine market. The inkjet technology is used to print text and images on the receiving document by using liquid ink, which is sprayed through a tiny or large opening with high speed. This system works on the principle of capillary action & gravity, wherein liquid ink drops spread over paper as well as into envelopes at a very fast rate.
Application Insights:
The commercial use segment dominated the global multifunction fax machines market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to the increasing number of businesses and offices across various regions including North America, Europe, Asia Pacific and Middle East & Africa. In addition, growing adoption of e-fax services is also expected to have a positive impact on segment growth over the forecast period.
Household use accounted for a significant share in 2017 owing to increased usage of multifunctional printers at homes as well as work places by both individuals as well as corporate bodies. Growing demand for wireless connectivity coupled with rising printing needs at home and work places has been driving demand for these devices among consumers globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing penetration of multifunctional devices in emerging economies, such as India and China. In addition, rising demand for laser printers and inkjet printers is anticipated to fuel regional product demand during the forecast period. Europe accounted for a significant share in 2017 owing to high adoption of multifunctional devices due to growing need for printing documents at home or office as well as at work place simultaneously with low cost per page along with advanced features such as wireless connectivity and easy installation. North America market was valued at USD X million in 2017 owing to high usage of MFPs by large enterprises due their large size along with requirement from various departments including accounting, finance, human resource etc.
Growth Factors:
- Increasing demand for multifunction fax machines from small and medium businesses (SMBs) due to its low cost and easy-to-use features.
- Proliferation of internet fax services that allow users to send and receive faxes online, which is driving the demand for multifunction fax machines.
- Growing popularity of cloud-based document management systems, which is benefiting the growth of the multifunction fax machine market.
- Rising number of mergers and acquisitions (M&As) in the office equipment sector, resulting in an increase in demand for multifunctional devices such as copiers and printers that include a built-in fax function. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunction Fax Machines Market Research Report
By Type
Laser Multifunction Fax Machines, Inkjet Multifunction Fax Machines
By Application
Household Use, Commercial Use
By Companies
HP, Brother, Canon, Samsung, Epson, Xerox, Panasonic, Philips, Lexmark
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Multifunction Fax Machines Market Report Segments:
The global Multifunction Fax Machines market is segmented on the basis of:
Types
Laser Multifunction Fax Machines, Inkjet Multifunction Fax Machines
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
Household Use, Commercial 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
- Canon
- Samsung
- Epson
- Xerox
- Panasonic
- Philips
- Lexmark
Highlights of The Multifunction Fax Machines 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:
- Laser Multifunction Fax Machines
- Inkjet Multifunction Fax Machines
- By Application:
- Household Use
- Commercial 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 Multifunction Fax Machines 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?
Multifunction fax machines are devices that can send and receive faxes, as well as print documents. They may have features such as a scanner, copier, and printer.
Some of the major companies in the multifunction fax machines market are HP, Brother, Canon, Samsung, Epson, Xerox, Panasonic, Philips, Lexmark.
The multifunction fax machines market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multifunction Fax Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multifunction Fax Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multifunction Fax Machines Market - Supply Chain
4.5. Global Multifunction Fax Machines Market Forecast
4.5.1. Multifunction Fax Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multifunction Fax Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multifunction Fax Machines Market Absolute $ Opportunity
5. Global Multifunction Fax Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multifunction Fax Machines Market Size and Volume Forecast by Type
5.3.1. Laser Multifunction Fax Machines
5.3.2. Inkjet Multifunction Fax Machines
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multifunction Fax Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multifunction Fax Machines Market Size and Volume Forecast by Application
6.3.1. Household Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multifunction Fax Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multifunction Fax Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multifunction Fax Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multifunction Fax Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multifunction Fax Machines Demand Share Forecast, 2019-2026
9. North America Multifunction Fax Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multifunction Fax Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multifunction Fax Machines Market Size and Volume Forecast by Application
9.4.1. Household Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multifunction Fax Machines Market Size and Volume Forecast by Type
9.7.1. Laser Multifunction Fax Machines
9.7.2. Inkjet Multifunction Fax Machines
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multifunction Fax Machines Demand Share Forecast, 2019-2026
10. Latin America Multifunction Fax Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multifunction Fax Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multifunction Fax Machines Market Size and Volume Forecast by Application
10.4.1. Household Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multifunction Fax Machines Market Size and Volume Forecast by Type
10.7.1. Laser Multifunction Fax Machines
10.7.2. Inkjet Multifunction Fax Machines
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multifunction Fax Machines Demand Share Forecast, 2019-2026
11. Europe Multifunction Fax Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multifunction Fax Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multifunction Fax Machines Market Size and Volume Forecast by Application
11.4.1. Household Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multifunction Fax Machines Market Size and Volume Forecast by Type
11.7.1. Laser Multifunction Fax Machines
11.7.2. Inkjet Multifunction Fax Machines
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multifunction Fax Machines Demand Share, 2019-2026
12. Asia Pacific Multifunction Fax Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multifunction Fax Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multifunction Fax Machines Market Size and Volume Forecast by Application
12.4.1. Household Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multifunction Fax Machines Market Size and Volume Forecast by Type
12.7.1. Laser Multifunction Fax Machines
12.7.2. Inkjet Multifunction Fax Machines
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multifunction Fax Machines Demand Share, 2019-2026
13. Middle East & Africa Multifunction Fax Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multifunction Fax Machines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multifunction Fax Machines Market Size and Volume Forecast by Application
13.4.1. Household Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multifunction Fax Machines Market Size and Volume Forecast by Type
13.7.1. Laser Multifunction Fax Machines
13.7.2. Inkjet Multifunction Fax Machines
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multifunction Fax Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multifunction Fax Machines Market: Market Share Analysis
14.2. Multifunction Fax Machines Distributors and Customers
14.3. Multifunction Fax Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Brother
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Canon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsung
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Epson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Xerox
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Philips
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lexmark
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
