Global Multi-Functional Printer Market 2024-2028
The multi-functional printer market is forecasted to grow by USD 6927.3 mn during 2023-2028, accelerating at a CAGR of 3.49% during the forecast period. The report on the multi-functional printer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for MFPS from healthcare sector, evolving documentation needs of businesses, and increasing need for combining mobility and document solutions.
Technavio's multi-functional printer market is segmented as below:
By Type
- Colour multifunctional printer
- Monochrome multifunctional printer
By Technology
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing popularity of smart MFPS and LED technology MFPS as one of the prime reasons driving the multi-functional printer market growth during the next few years. Also, growing demand for multi-functional printers from developing countries and focus on inorganic growth strategies will lead to sizable demand in the market.
The report on the multi-functional printer market covers the following areas:
- Multi-functional printer market sizing
- Multi-functional printer market forecast
- Multi-functional printer market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multi-functional printer market vendors that include Brother Industries Ltd., Canon Inc., Communication Technology Ltd., Dell Technologies Inc., Eastman Kodak Co., Hewlett Packard Enterprise Co., Konica Minolta Inc., KYOCERA Corp., Lexmark International Inc., NEC Corp., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., STAR MICRONICS Co., TIM S.p.A., Toshiba Corp., and Xerox Holdings Corp.. Also, the multi-functional printer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.