Market Overview:
The global office multifunction devices 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 print-centric office multifunction devices and the growing adoption of these devices in various applications such as healthcare, government, finance and education, telecommunication, retail and manufacturing, and others. In terms of type, photocopy machines are expected to lead the global office multifunction devices market during the forecast period. However, print-centric office multifunction devices are projected to witness higher growth rates than photocopy machines during the forecast period. North America is expected to hold a major share of the global office multifunction devices market in 2018 followed by Europe and Asia Pacific.
Product Definition:
An office multifunction device (MFD) is a machine that performs multiple functions in an office environment, such as printing, copying, scanning, and faxing. MFDs are often used to improve workflow and save space in the office. They can also be more cost-effective than having multiple individual machines for each function.
Photocopy Machines:
Photocopy machines are used for the purpose of making multiple copies of documents and files. It is a mechanical device that works on the basis of lightening and scanning an original document, making a digital copy, which can be printed or filed. The global photocopy machines market is expected to witness significant growth over the forecast period owing to its multifunctional applications in office multifunction devices (MFD) industry.
Print-centric Office Multifunction Devices:
The global print-centric office multifunction devices and its usage in the Office Multifunction Devices market size was valued at USD 6.5 billion in 2015. The increasing demand for multifunctional printers across small, medium, and large enterprises is expected to drive the growth of this market over the forecast period. These multifunctional devices are used by businesses to enhance their efficiency by providing a better work environment for their employees.
Application Insights:
The global office multifunction devices market is segmented by application into healthcare, government, finance and education, telecommunication, retail and manufacturing. The healthcare segment dominated the overall market in terms of revenue share in 2017. This can be attributed to the increasing demand for advanced technology equipment that aids in better patient care. Furthermore, an increase in health consciousness among individuals has led to a rise in demand for technologically advanced medical equipment such as lab machines and diagnostic kits which are compatible with office multifunction devices.
The government segment is expected to witness significant growth over the forecast period owing to an increase in spending on IT infrastructure & software applications across various departments such as civil services/police force/army etcetera of a country¢â‚¬â„¢s administration.
Regional Analysis:
North America dominated the global office multifunction devices market in 2016. The region is expected to retain its dominance throughout the forecast period owing to factors such as increasing number of small and medium enterprises, high-speed internet availability, and growing use of smartphones and tablets for conducting business. Asia Pacific is anticipated to be the fastest-growing regional market from 2017 to 2030 due to improving economic conditions in emerging countries like China and India. In addition, rising demand for multifunctional printers with higher printing speeds will drive growth over the forecast period. Latin America also presents significant opportunities due both primarily on account of low penetration but also because it has a large base of small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for office multifunction devices from small and medium-sized businesses (SMBs) due to the growing need for cost-effective and efficient document management solutions.
- Proliferation of mobile devices and BYOD policies in the workplace, which is driving demand for multifunction devices that offer mobile printing capabilities.
- Rapid adoption of cloud-based applications and services, which is resulting in increased demand for multifunction devices with cloud connectivity features.
- Growing popularity of color laser printers, especially among small businesses, as they offer a more cost effective alternative to traditional inkjet printers while providing better print quality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Office Multifunction Devices Market Research Report
By Type
Photocopy Machines, Print-centric Office Multifunction Devices
By Application
Healthcare, Government, Finance and Education, Telecommunication, Retail and Manufacturing, Others
By Companies
HP, Canon, Epson, Brother, Samsung Electronics, Ricoh, Fuji Xerox, Dell, Lexmark, Oki
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 Office Multifunction Devices Market Report Segments:
The global Office Multifunction Devices market is segmented on the basis of:
Types
Photocopy Machines, Print-centric Office Multifunction Devices
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
Healthcare, Government, Finance and Education, Telecommunication, Retail and Manufacturing, Others
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
- Canon
- Epson
- Brother
- Samsung Electronics
- Ricoh
- Fuji Xerox
- Dell
- Lexmark
- Oki
Highlights of The Office Multifunction Devices 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:
- Photocopy Machines
- Print-centric Office Multifunction Devices
- By Application:
- Healthcare
- Government
- Finance and Education
- Telecommunication
- Retail and Manufacturing
- Others
- 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 Office Multifunction Devices 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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- Correctly Positioning New Products
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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 multifunction device (MFD) is a computer peripheral that performs more than one task. Office MFDs include printers, scanners, and copiers.
Some of the key players operating in the office multifunction devices market are HP, Canon, Epson, Brother, Samsung Electronics, Ricoh, Fuji Xerox, Dell, Lexmark, Oki.
The office multifunction devices market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Office Multifunction Devices 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. Office Multifunction Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Office Multifunction Devices Market - Supply Chain
4.5. Global Office Multifunction Devices Market Forecast
4.5.1. Office Multifunction Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Office Multifunction Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Office Multifunction Devices Market Absolute $ Opportunity
5. Global Office Multifunction Devices 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. Office Multifunction Devices Market Size and Volume Forecast by Type
5.3.1. Photocopy Machines
5.3.2. Print-centric Office Multifunction Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Office Multifunction Devices 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. Office Multifunction Devices Market Size and Volume Forecast by Application
6.3.1. Healthcare
6.3.2. Government
6.3.3. Finance and Education
6.3.4. Telecommunication
6.3.5. Retail and Manufacturing
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Office Multifunction Devices 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. Office Multifunction Devices 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 Office Multifunction Devices 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. Office Multifunction Devices 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 Office Multifunction Devices Demand Share Forecast, 2019-2026
9. North America Office Multifunction Devices 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 Office Multifunction Devices 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 Office Multifunction Devices Market Size and Volume Forecast by Application
9.4.1. Healthcare
9.4.2. Government
9.4.3. Finance and Education
9.4.4. Telecommunication
9.4.5. Retail and Manufacturing
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Office Multifunction Devices Market Size and Volume Forecast by Type
9.7.1. Photocopy Machines
9.7.2. Print-centric Office Multifunction Devices
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 Office Multifunction Devices Demand Share Forecast, 2019-2026
10. Latin America Office Multifunction Devices 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 Office Multifunction Devices 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 Office Multifunction Devices Market Size and Volume Forecast by Application
10.4.1. Healthcare
10.4.2. Government
10.4.3. Finance and Education
10.4.4. Telecommunication
10.4.5. Retail and Manufacturing
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Office Multifunction Devices Market Size and Volume Forecast by Type
10.7.1. Photocopy Machines
10.7.2. Print-centric Office Multifunction Devices
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 Office Multifunction Devices Demand Share Forecast, 2019-2026
11. Europe Office Multifunction Devices 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 Office Multifunction Devices 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 Office Multifunction Devices Market Size and Volume Forecast by Application
11.4.1. Healthcare
11.4.2. Government
11.4.3. Finance and Education
11.4.4. Telecommunication
11.4.5. Retail and Manufacturing
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Office Multifunction Devices Market Size andVolume Forecast by Type
11.7.1. Photocopy Machines
11.7.2. Print-centric Office Multifunction Devices
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 Office Multifunction Devices Demand Share, 2019-2026
12. Asia Pacific Office Multifunction Devices 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 Office Multifunction Devices 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 Office Multifunction Devices Market Size and Volume Forecast by Application
12.4.1. Healthcare
12.4.2. Government
12.4.3. Finance and Education
12.4.4. Telecommunication
12.4.5. Retail and Manufacturing
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Office Multifunction Devices Market Size and Volume Forecast by Type
12.7.1. Photocopy Machines
12.7.2. Print-centric Office Multifunction Devices
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 Office Multifunction Devices Demand Share, 2019-2026
13. Middle East & Africa Office Multifunction Devices 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 Office Multifunction Devices 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 Office Multifunction Devices Market Size and Volume Forecast by Application
13.4.1. Healthcare
13.4.2. Government
13.4.3. Finance and Education
13.4.4. Telecommunication
13.4.5. Retail and Manufacturing
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Office Multifunction Devices Market Size and Volume Forecast by Type
13.7.1. Photocopy Machines
13.7.2. Print-centric Office Multifunction Devices
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 Office Multifunction Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Office Multifunction Devices Market: Market Share Analysis
14.2. Office Multifunction Devices Distributors and Customers
14.3. Office Multifunction Devices 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. Canon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Epson
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Brother
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ricoh
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji Xerox
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dell
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. Oki
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
