Overview:

Thermal printing is a process used to print images by directly or indirectly heating thermal paper. Thermal printing is durable, has low maintenance, and can be used for various applications. Direct thermal printers and thermal transfer printer are two types of thermal printers.

Market Dynamics:

Increasing ecommerce and logistics start-ups is a major factor driving growth of the global thermal printing market. In addition, rising demand from warehouse and retail players is another factor further supporting the adoption of the thermal printers, thereby driving growth of the global market considerably. Moreover, rising demand for wireless printers and RFID thermal printers is another factor propelling growth of the global market. Rising demand for thermal printers from healthcare sector is expected to create lucrative opportunities for key players in the global market during the forecast period. However, stringent printing regulations in few countries is hampering growth of the market to a certain extent.

Key Trends:

New product launches for various end user verticals by key players is a key trend observed in the market. In September 2019, Toshiba launched premium thermal barcode printer for printing high-resolution labels. Thus such product launches is a key factor expected to fuel growth of the global market to a significant extent during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American accounts for major revenue share in 2018. Presence of major manufacturers and increasing demand from retail sectors are key factors favoring growth of then market in North America region. The market in Middle East and Africa is expected to witness considerable growth during the forecast period. This growth can be attributed to presence of major retail brand showrooms in the country and the countries in the region being shopping destinationfor tourists. Thus, this is a key factor driving the growth of the market in Middle East and Africa. The market in Asia Pacific is expected to witness highest growth during the forecast period. 

Scope of the Report:

Detailed Segmentation:

Global Thermal Printing Market, By Printer Type:

• Barcode Printers
• Point of Sale (POS) Printers
• Kiosk and Ticket Printers
• RFID Printers

Global Thermal Printing Market, By Technology:

• Thermal Transfer (TT)
• Direct Thermal (DT)

Global Thermal Printing Market, ByApplication:

• Retail
• Transportation and Logistics
• Manufacturing and Industrial
• Healthcare and Hospitality
• Government
• Others

Key Players Covered:

Key players operating in the market includes, Zebra Technologies Corporation, Honeywell International Inc., Seiko Epson Corporation, SATO Holdings Corporation, Star Micronics Co. Ltd., Bixolon, Fujitsu Ltd., Brother International Pvt. Ltd., Toshiba TEC Corporation, and TSC Auto ID Technology Co., Lt

Key features of the study:

Foresight Market Research provides detailed analysis on Thermal Printing Market in our report- Global Thermal Printing Market by printer type, technology, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global Thermal Printing Market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.