HOME Top Market Reports Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2023

Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: SE 5753

 

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The thermal printing market is expected to grow from USD 37.66 Billion in 2017 to USD 50.45 Billion by 2023, at a CAGR of 5.00% between 2017 and 2023. This report provides the market size and future growth potential of the thermal printing market across different segments such as offering, printer type, format type, printing technology, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the thermal printing market. This report also profiles the key players operating in the thermal printing market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2023.

The prime objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the thermal printing market, in terms of value, segmented on the basis of offering, printer type, format type, printing technology, application, and geography
  • To forecast the market size, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To define, describe, and forecast the thermal printer market, in terms of value, segmented on the basis of printer type, format type, and printing technology
  • To forecast the thermal printer market based on printer type, in terms of volume
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall thermal printing market
  • To provide detailed information regarding the major factors influencing the growth of the thermal printing market (drivers, restraints, opportunities, challenges, and winning imperatives)
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the thermal printing market
  • To study the complete value chain and allied industry segments, and perform a value chain analysis of the thermal printing market landscape
  • To map the competitive intelligence based on company profiles, key player strategies, and key developments
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies
  • To benchmark players within the market using competitive leadership mapping, which analyzes market players on various parameters within the broad categories of business strategies and product offerings
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as contracts, product launches, collaborations, and acquisitions

This study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.

  • Identifying various applications and industries that are using or are expected to adopt thermal printing
  • Analyzing each application, along with the related major companies and their system integrators, and identifying the service providers for the adoption of thermal printing
  • Understanding the demand generated by these applications for thermal printing
  • Estimating the size of the thermal printing market in each region
  • Tracking the ongoing and upcoming implementations of the thermal printing solutions by various companies with respect to the mentioned applications and region to forecast the market based on these developments and other critical parameters

After arriving at the overall market size, the total market has been split into several segments and subsegments, which were further confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Thermal Printing Market

To know about the assumptions considered for the study, download the pdf brochure

The thermal printing ecosystem includes manufacturers and resellers such as Zebra Technologies (US), SATO Holdings (Japan), Epson (Japan), Star Micronics (Japan), and Honeywell (US), Bixolon (South Korea), Fujitsu (Japan), Brother International (Japan), Toshiba TEC (Japan), and TSC Auto ID (Taiwan).

Key Target Audience

  • Thermal printing service providers
  • IT service providers
  • Cloud service providers
  • Printer suppliers
  • Original equipment manufacturers (OEMs)
  • System integrators and third-party vendors
  • Software solution providers
  • Government bodies
  • Technology investors
  • Enterprise data center professionals
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report

The thermal printing market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The thermal printing market has been segmented as follows:

Thermal Printing Market, By Offering

  • Printer
  • Supplies

Thermal Printer Market, By Printer Type

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

Thermal Printer Market, By Format Type

  • Industrial Format
  • Desktop Format
  • Mobile Format

Thermal Printer Market, By Printing Technology

  • Direct Thermal (DT)
  • Thermal Transfer (TT)
  • Dye Diffusion Thermal Transfer (D2T2)

Thermal Printing Market, By Application

  • Retail
  • Transportation and Logistics
  • Manufacturing and Industrial
  • Healthcare and Hospitality
  • Government
  • Other Applications

Thermal Printing Market, By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Country-Wise Information:

  • Detailed analysis for the market in each country

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of Study
    1.2 Definition
    1.3 Scope of Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Primary Sources
                    2.1.2.4 Key Industry Insights
           2.1.3 Secondary & Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Thermal Printing Market
    4.2 Thermal Printing Market in APAC, By Application and Country
    4.3 Thermal Printer Market for Mobile Format, By Region
    4.4 Geographic Analysis of Thermal Printing Market

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Adoption of Automatic Identification and Data Capture (AIDC) Technologies for Productivity Improvement
                    5.2.1.2 Growing Concerns About Product Safety and Anti-Counterfeiting
                    5.2.1.3 Use of Thermal Printers in On-Demand Printing Applications
                    5.2.1.4 Increasing Adoption of Wireless Technologies in Mobile Printers
                    5.2.1.5 Growth of E-Commerce Industry
           5.2.2 Restraints
                    5.2.2.1 Poor Image Quality of Barcode Labels
                    5.2.2.2 Stringent Printing Regulations
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Thermal Printers in Healthcare Industry
                    5.2.3.2 Growing Demand for Thermal Barcode Printers in Supply Chain Industry
           5.2.4 Challenges
                    5.2.4.1 Heat Settings of Thermal Barcode Printers
           5.2.5 Winning Imperative
                    5.2.5.1 Emergence of IoT Technology for Printing Applications
    5.3 Value Chain Analysis

6 Thermal Printing Market, By Offering (Page No. - 44)
    6.1 Introduction
    6.2 Printer
    6.3 Supplies
           6.3.1 Direct Thermal (DT) Supplies
           6.3.2 Thermal Transfer (TT) Supplies
           6.3.3 Dye Diffusion Thermal Transfer (D2T2) Supplies

7 Thermal Printer Market, By Printer Type (Page No. - 50)
    7.1 Introduction
    7.2 Barcode Printers
    7.3 POS Printer
    7.4 Kiosk & Ticket Printers
    7.5 RFID Printers
    7.6 Card Printers

8 Thermal Printer Market, By Format Type (Page No. - 65)
    8.1 Introduction
    8.2 Industrial Format
    8.3 Desktop Format
    8.4 Mobile Format

9 Thermal Printer Market, By Printing Technology (Page No. - 73)
    9.1 Introduction
    9.2 Direct Thermal (DT)
    9.3 Thermal Transfer (TT)
    9.4 Dye Diffusion Thermal Transfer (D2T2)

10 Thermal Printing Market, By Application (Page No. - 81)
     10.1 Introduction
     10.2 Retail
     10.3 Transportation and Logistics
     10.4 Manufacturing and Industrial
     10.5 Healthcare and Hospitality
     10.6 Government
     10.7 Other Applications

11 Thermal Printing Market, By Geography (Page No. - 95)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 Australia
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 South America
             11.5.2 Middle East & Africa

12 Competitive Landscape (Page No. - 117)
     12.1 Introduction
     12.2 Market Ranking Analysis, 2016
     12.3 Competitive Situation and Trends
             12.3.1 Product Launches & Developments
             12.3.2 Agreements, Partnerships, and Contracts
             12.3.3 Mergers and Acquisitions

13 Company Profile (Page No. - 122)
     13.1 Introduction
     13.2 Key Players
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
             13.2.1 Zebra Technologies
             13.2.2 Sato Holdings
             13.2.3 Epson
             13.2.4 Star Micronics
             13.2.5 Honeywell
             13.2.6 Bixolon
             13.2.7 Fujitsu
             13.2.8 Brother International
             13.2.9 Toshiba Tec
             13.2.10 TSC Auto ID Technology
*Details on Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.
     13.3 Key Innovators
             13.3.1 NCR Corporation
             13.3.2 Dascom
             13.3.3 ID Technology
             13.3.4 Cognitivetpg
             13.3.5 Woosim Systems
     13.4 Other Companies
             13.4.1 Avery Dennison
             13.4.2 Citizen Systems Japan
             13.4.3 Novanta
             13.4.4 Xiamen Rongta Technology
             13.4.5 Shinmei
             13.4.6 Seiko Instruments
             13.4.7 Axiohm
             13.4.8 Godex International
             13.4.9 Able Systems
             13.4.10 Stimare

14 Appendix (Page No. - 170)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (65 Tables)

Table 1 Thermal Printing Market, By Offering, 2015–2023 (USD Billion)
Table 2 Thermal Printing Market, By Supplies, 2015–2023 (USD Billion)
Table 3 Thermal Printer Market, By Printer Type, 2015–2023 (USD Million)
Table 4 Thermal Printer Market, By Printer Type, 2015–2023 (Thousand Unit)
Table 5 Thermal Printer Market for Barcode Printers, By Application, 2015–2023 (USD Million)
Table 6 Thermal Printer Market for Barcode Printers, By Printing Technology, 2015–2023 (USD Million)
Table 7 Thermal Printer Market for Barcode Printers, By Region, 2015–2023 (USD Million)
Table 8 Thermal Printer Market for POS Printers, By Application, 2015–2023 (USD Million)
Table 9 Thermal Printer Market for POS Printers, By Printing Technology, 2015–2023 (USD Million)
Table 10 Thermal Printer Market for POS Printers, By Region, 2015–2023 (USD Million)
Table 11 Thermal Printer Market for Kiosk and Ticket Printers, By Application, 2015–2023 (USD Million)
Table 12 Thermal Printer Market for Kiosk and Ticket Printers, By Printing Technology, 2015–2023 (USD Million)
Table 13 Thermal Printer Market for Kiosk and Ticket Printers, By Region, 2015–2023 (USD Million)
Table 14 Thermal Printer Market for RFID Printers, By Application, 2015–2023 (USD Million)
Table 15 Thermal Printer Market for RFID Printers, By Printing Technology, 2015–2023 (USD Million)
Table 16 Thermal Printer Market for RFID Printers, By Region, 2015–2023 (USD Million)
Table 17 Thermal Printer Market for Card Printers, By Application, 2015–2023 (USD Million)
Table 18 Thermal Printer Market for Card Printers, By Printing Technology, 2015–2023 (USD Million)
Table 19 Thermal Printer Market for Card Printers, By Region, 2015–2023 (USD Million)
Table 20 Thermal Printer Market, By Format Type, 2015–2023 (USD Million)
Table 21 Thermal Printer Market for Industrial Format, By Application, 2015–2023 (USD Million)
Table 22 Thermal Printer Market for Industrial Format, By Region, 2015–2023 (USD Million)
Table 23 Thermal Printer Market for Desktop Format, By Application, 2015–2023 (USD Million)
Table 24 Thermal Printer Market for Desktop Format, By Region, 2015–2023 (USD Million)
Table 25 Thermal Printer Market for Mobile Format, By Application, 2015–2023 (USD Million)
Table 26 Thermal Printer Market for Mobile Format, By Region, 2015–2023 (USD Million)
Table 27 Comparison of Thermal Printing Technologies
Table 28 Thermal Printer Market, By Printing Technology, 2015–2023 (USD Million)
Table 29 Thermal Printer Market for Direct Thermal (DT), By Printer Type, 2015–2023 (USD Million)
Table 30 Thermal Printer Market for Thermal Transfer (TT), By Printer Type, 2015–2023 (USD Million)
Table 31 Thermal Printer Market for Dye Diffusion Thermal Transfer (D2T2), By Printer Type, 2015–2023 (USD Million)
Table 32 Thermal Printing Market, By Application, 2015–2023 (USD Billion)
Table 33 Thermal Printing Market for Retail Application, By Region, 2015–2023 (USD Million)
Table 34 Thermal Printer Market for Retail Application, By Printer Type, 2015–2023 (USD Million)
Table 35 Thermal Printing Market for Transportation and Logistics, By Region, 2015–2023 (USD Million)
Table 36 Thermal Printer Market for Transportation and Logistics, By Printer Type, 2015–2023 (USD Million)
Table 37 Thermal Printing Market for Manufacturing and Industrial, By Region, 2015–2023 (USD Million)
Table 38 Thermal Printer Market in Manufacturing and Industrial Application, By Printer Type, 2015–2023 (USD Million)
Table 39 Thermal Printing Market for Healthcare and Hospitality, By Region, 2015–2023 (USD Million)
Table 40 Thermal Printer Market for Healthcare and Hospitality, By Printer Type, 2015–2023 (USD Million)
Table 41 Thermal Printing Market for Government, By Region, 2015–2023 (USD Billion)
Table 42 Thermal Printer Market for Government, By Printer Type, 2015–2023 (USD Million)
Table 43 Thermal Printing Market for Other Applications, By Region, 2015–2023 (USD Billion)
Table 44 Thermal Printer Market for Other Applications, By Printer Type, 2015–2023 (USD Million)
Table 45 Thermal Printing Market, By Region, 2015–2023 (USD Billion)
Table 46 Thermal Printing Market in North America, By Application, 2015–2023 (USD Million)
Table 47 Thermal Printer Market in North America, By Printer Type, 2015–2023 (USD Million)
Table 48 Thermal Printer Market in North America, By Format Type, 2015–2023 (USD Million)
Table 49 Thermal Printing Market in North America, By Country, 2015–2023 (USD Million)
Table 50 Thermal Printing Market in Europe, By Application, 2015–2023 (USD Million)
Table 51 Thermal Printer Market in Europe, By Printer Type, 2015–2023 (USD Million)
Table 52 Thermal Printer Market in Europe, By Format Type, 2015–2023 (USD Million)
Table 53 Thermal Printing Market in Europe, By Country, 2015–2023 (USD Million)
Table 54 Thermal Printing Market in APAC, By Application, 2015–2023 (USD Million)
Table 55 Thermal Printer Market in APAC, By Printer Type, 2015–2023 (USD Million)
Table 56 Thermal Printer Market in APAC, By Format Type, 2015–2023 (USD Million)
Table 57 Thermal Printing Market in APAC, By Country, 2015–2023 (USD Million)
Table 58 Thermal Printing Market in RoW, By Application, 2015–2023 (USD Million)
Table 59 Thermal Printer Market in RoW, By Printer Type, 2015–2023 (USD Million)
Table 60 Thermal Printer Market in RoW, By Format Type, 2015–2023 (USD Million)
Table 61 Thermal Printing Market in RoW, By Region, 2015–2023 (USD Million)
Table 62 Market Ranking of Top 5 Players in Thermal Printing Market in 2016
Table 63 Product Launches, 2014–2017
Table 64 Agreements, Partnerships, and Contracts, 2014–2017
Table 65 Mergers and Acquisitions, 2014–2017


List of Figures (62 Figures)

Figure 1 Thermal Printing Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Supplies to Hold Larger Share of Thermal Printing Market During Forecast Period
Figure 6 Thermal Printer Market for RFID Printers to Grow at Highest CAGR Between 2017 and 2023
Figure 7 Thermal Printer Market for Mobile Format to Grow at Highest CAGR Between 2017 and 2023
Figure 8 Retail to Hold Largest Share of Thermal Printing Market Between 2017 and 2023
Figure 9 Direct Thermal (DT) to Hold Largest Share of Thermal Printer Market Between 2017 and 2023
Figure 10 North America Held Largest Share of Thermal Printing Market in 2016
Figure 11 Increasing Adoption of Thermal Printers for Automatic Identification and Data Capture (AIDC) in Various Applications Drives Thermal Printing Market
Figure 12 China Held the Largest Share of Thermal Printing Market in APAC in 2016
Figure 13 APAC to Hold the Largest Size of Thermal Printer Market for Mobile Format Between 2017 and 2023
Figure 14 US Held Largest Share of Thermal Printing Market in 2016
Figure 15 Adoption of Automatic Identification and Data Capture (AIDC) Technologies for Productivity Improvement Drives Thermal Printing Market
Figure 16 E-Commerce Sales Worldwide (2015–2020)
Figure 17 Value Chain Analysis of Thermal Printing Market: Manufacturing and Assembly Phase Adds Major Value
Figure 18 Thermal Printing Market, By Offering
Figure 19 Supplies to Hold Larger Size of Thermal Printing Market Between 2017 and 2023
Figure 20 Direct Thermal Supplies to Hold Largest Size of Thermal Printing Market Between 2017 and 2023
Figure 21 Thermal Printer Market, By Printer Type
Figure 22 Barcode Printers to Hold the Largest Size of Thermal Printer Market By 2023
Figure 23 Thermal Printer Market for Barcode Printers in APAC to Grow at Highest CAGR Between 2017 and 2023
Figure 24 North America to Hold Largest Size of Thermal Printer Market for POS Printers By 2023
Figure 25 Thermal Printer Market for Kiosk and Ticket Printers in APAC to Grow at Highest CAGR Between 2017 and 2023
Figure 26 Manufacturing and Industrial Application to Hold Largest Size of Thermal Printer Market for RFID Printers Between 2017 and 2023
Figure 27 Dye Diffusion Thermal Transfer to Hold Largest Size of Thermal Printer Market for Card Printers By 2023
Figure 28 Thermal Printer Market, By Format Type
Figure 29 Thermal Printer Market for Mobile Format to Grow at Highest CAGR Between 2017 and 2023
Figure 30 North America to Hold Largest Size of Thermal Printer Market for Industrial Format By 2023
Figure 31 North America to Hold Largest Size of Thermal Printer Market for Desktop Format By 2023
Figure 32 APAC to Hold Largest Size of Thermal Printer Market for Mobile Format By 2023
Figure 33 Thermal Printer Market, By Printing Technology
Figure 34 Direct Thermal (DT) to Hold Largest Market Size of Thermal Printer Market Between 2017 and 2023
Figure 35 Thermal RFID Printer Market for Thermal Transfer (TT) to Grow at Highest CAGR Between 2017 and 2023
Figure 36 Thermal Printing Market, By Application
Figure 37 Retail to Hold the Largest Size of Thermal Printing Market Between 2017 and 2023
Figure 38 Thermal Printing Market for Retail Application in APAC to Grow at Highest CAGR Between 2017 and 2023
Figure 39 Kiosk and Ticket Printers to Hold Largest Size of Thermal Printer Market for Transportation and Logistics Application By 2023
Figure 40 North America to Hold Largest Size of Thermal Printing Market for Manufacturing and Industrial By 2023
Figure 41 Thermal Printing Market for Healthcare and Hospitality in APAC to Grow at Highest CAGR Between 2017 and 2023
Figure 42 North America to Hold Largest Size of Thermal Printing Market for Government By 2023
Figure 43 Thermal Printing Market, By Geography
Figure 44 Thermal Printing Market: Geographic Snapshot
Figure 45 Snapshot: Thermal Printing Market in North America
Figure 46 US to Hold Largest Size of Thermal Printing Market in North America By 2023
Figure 47 Europe: Thermal Printing Market Snapshot
Figure 48 Thermal Printing Market in France to Grow at Highest CAGR Between 2017 and 2023
Figure 49 APAC: Thermal Printing Market Snapshot
Figure 50 Thermal Printing Market in India to Grow at Highest CAGR Between 2017 and 2023
Figure 51 Middle East and Africa to Hold Larger Size of Thermal Printing Market in RoW Region Between 2017 and 2023
Figure 52 Product Launches & Developments: Key Strategy Adopted By Top Players in Thermal Printing Market Between 2015 and 2017
Figure 53 Zebra Technologies: Company Snapshot
Figure 54 Sato Holdings: Company Snapshot
Figure 55 Epson: Company Snapshot
Figure 56 Star Micronics : Company Snapshot
Figure 57 Honeywell: Company Snapshot
Figure 58 Bixolon: Company Snapshot
Figure 59 Fujitsu: Company Snapshot
Figure 60 Brother International: Company Snapshot
Figure 61 Toshiba Tec: Company Snapshot
Figure 62 TSC Auto ID Technology: Company Snapshot

According to MarketsandMarkets’ forecast, the thermal printing market, in terms of value, is expected to grow from USD 37.66 Billion in 2017 to USD 50.45 Billion by 2023, at a CAGR of 5.00% between 2017 and 2023. Major drivers for the thermal printing market are the adoption of automatic identification and data capture (AIDC) technologies for productivity improvement, growing concerns about product safety and anti-counterfeiting, use of thermal printers in on-demand printing applications, increasing adoption of wireless technologies in mobile printers, and growth of the e-commerce industry.

This report covers the thermal printing market based on offering, printer type, format type, printing technology, application, and geography. The supplies is expected to hold a major share of the thermal printing market during the forecast period.

The barcode printers segment is expected to hold the largest share of the thermal printer market during the forecast period. The market for RFID printers is expected to grow at the highest CAGR between 2017 and 2023. Thermal barcode printers are extensively used in small, medium, and large businesses to label and, subsequently, track the products to be shipped.

The  industrial format printers are expected to hold the largest share of the thermal printer market during the forecast period. Thermal printer market for mobile format is expected to grow at the highest CAGR between 2017 and 2023. Mobile format thermal printers are light in weight, easy to use, and durable, and deliver rich print quality. These printers are used in various applications such as hospitality, healthcare, and retail.

Retail application held the largest share of the thermal printing market in 2016. The demand for thermal printers is increasing in the retail sector as there is an increasing need for maintaining data by tracking inventory through the barcode and RFID tags. The thermal printing market for healthcare and hospitality application is expected to grow at the highest CAGR between 2017 and 2023.

Thermal printing market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The Asian markets, mainly Japan, India, and China, are more likely to lead the thermal printing market in the coming years, in terms of technological adaptability and market size. Moreover, APAC has the presence of retailers such as Seven & I Holdings Company, Isetan, Aeon Company, and Gome Electrical Appliances, which provide barcode and RFID printers to various industries.

Thermal Printing Market

North America held the largest share of the thermal printing market in 2016. Retail applications, such as smart packaging, inventory management, and warehousing, and transportation and logistics applications drive the thermal printing market in North America. Also, the presence of significant players such as Zebra Technologies (US), Honeywell (US), Avery Dennison (US), and Wasp Barcode Technologies (US), serving the retail, and transportation and logistics industries, is expected to further boost the thermal printing market in North America.

The restraint for the thermal printing market growth is the heat settings of thermal barcode printers and poor image quality of barcode labels.

The major vendors in the thermal printing market include Zebra Technologies (US), SATO Holdings (Japan), Epson (Japan), Star Micronics (Japan), Honeywell (US). These players adopted various strategies such as product launches and developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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