Global retail printer and supplies market’s Growth rate will reach 5.3% next 10 years

Recently, relevant research institutes released a forecast report on the growth of global retail printers. The report shows that the global CAGR for CAGR from 2016 to 2017 is 4.8% CAGR and the CAGR of this printing market is expected to reach 5.3% in the next 10 years. It is estimated that by the end of 2027, the market value of this printer market About 46.89 billion US dollars (about 304.24 billion yuan); global retail printer market value of about 8.550 billion US dollars in 2017 (about 55.171 billion yuan), the average annual compound growth rate of about 5%.

It is reported that retail printers mainly refers to the retail applications in a wide range of labels and receipt printing equipment. According to different application areas, the global retail printer market can be divided into desktop retail printers, industrial retail printers, mobile retail printers and other types of retail printers. Other retail printers include special-application retail printers such as note printers and wristband label printers.

The report also shows that the market value of mobile retail printers is expected by the end of 2027 will reach about 1.898 billion US dollars (about 123.15 billion yuan). Quantitatively, mobile retail printers and desktop retail printers are expected to produce 2,257,000 units and 1,871,000 units by the end of 2027 respectively.

The global retail printer supplies market can also be divided by type, application, and region. According to the type of consumables, it is estimated that by the end of 2027, paper will account for 41% of the total retail printer consumable share. Due to the increasing use of labels in the field of warehousing and online retailing, plus the use of labels in transactions to safeguard assets, The estimated market value and quantity of consumables are expected to show substantial growth during the forecast period.

In addition, by region, Asia Pacific and North America have the largest market potential in the global retail printer market. The growth of the retail printer market in these regions is mainly driven by the increase in disposable income, purchasing power and retail activities worldwide. However, the limited compatibility of retail printers with different operating systems in the above regions is also a constraint to their growth. Due to the fragmentation of the supply chain, the growth trend of retail printers in Eastern Europe and Latin America is slowing down. Its growth prospects are still not optimistic.