In 2022, sales in the global market for retail printers are anticipated to reach US$ 3.8 billion. The market is anticipated to grow at a healthy 6.7% CAGR and reach US$ 4.9 Bn by 2026.
Sales in this market are expected to increase as a result of the emergence of various eco-friendly practises to lessen the negative environmental effects of the printing industry. Many manufacturers of retail printing solutions are turning away from conventional systems and toward more sustainable ones.
The sales of printers for retail shops will be driven in the coming years by the rising use of vegetable inks made from vegetable oils due to their environmental friendliness. These inks perform better than solvent-based inks and have the ability to lower the amount of volatile organic compounds (VOCs).
The retail printers market is expected to register 6.7% CAGR between 2022 and 2026, up from 5.6% CAGR recorded during 2012-2021, predicts Future Market Insights.
The rapid expansion of the retail sector across the globe is set to result in increasing competition. To strengthen their positions in the industry, various retailers are concentrating on delivering a personalized experience for their customers.
Since printing terminals enable retailers to offer their customers a variety of loyalty programmes, the sales of printers for retail stores have increased rapidly all over the world. The number of client visits, profit margins, and sales are all rising even more as a result.
Retailers are likely to provide their customers with more options and enable them to purchase various products from their stories through a large number of channels by streamlining their operations and shifting to omnichannel platform. This will help them to broaden their businesses, fulfill the high expectations of their customers, and offer an unforgettable shopping experience.
The rapid evolution of customer preference in the U.S. is set to compel retailers to provide better service and smooth delivery of products. North America retail printers market is estimated to account for approximately 42.7% of the share in 2022, finds FMI.
The growing popularity of online shopping, which is made possible by the simple accessibility of a wide selection of goods and doorstep delivery services, is likely to increase demand for retail billing printers in the United Kingdom. According to FMI, the market for retail printers in Europe is anticipated to generate about 25.8% of the market in 2022.
- Avery Dennison Corporation
- Brother Industries, Ltd.
- Honeywell International, Inc.
- Oki Electric Industry Co., Ltd.
- SATO Holdings Corporation
- Star Micronics Co., Ltd.
- Toshiba TEC Corporation
- TSC Auto Id Technology Co., Ltd.
- Postek Electronics Co., Ltd.
- Zebra Technologies Corporation