Global Fax Machines Market Growth 2023-2029

Global Fax Machines Market Growth 2023-2029

A facsimile (commonly referred to as a fax) is a production of an exact copy of a document by electronic scanning, and the subsequent transmission of the resulting data. Faxes are transmitted over ordinary phone lines using fax machines.

In a typical fax transmission, the document to be faxed is placed in the document feeder of a fax machine and the telephone number of the destination fax machine is dialed. In a very short time, a replica of the document is received at the destination fax machine. By their very nature, faxes can contain any information that appears in written form.

Although businesses usually maintain some kind of fax capability, the technology has faced increasing competition from Internet-based alternatives. In some countries, because electronic signatures on contracts are not yet recognized by law, while faxed contracts with copies of signatures are, fax machines enjoy continuing support in business.

In many corporate environments, freestanding fax machines have been replaced by fax servers and other computerized systems capable of receiving and storing incoming faxes electronically, and then routing them to users on paper or via an email (which may be secured). Such systems have the advantage of reducing costs by eliminating unnecessary printouts and reducing the number of inbound analog phone lines needed by an office.

The once ubiquitous fax machine has also begun to disappear from the small office and home office environments. Personal computers have also long been able to handle incoming and outgoing faxes using analogue modems or ISDN, eliminating the need for a stand-alone fax machine. These solutions are often ideally suited for users who only very occasionally need to use fax services.

LPI (LP Information)' newest research report, the “Fax Machines Industry Forecast” looks at past sales and reviews total world Fax Machines sales in 2022, providing a comprehensive analysis by region and market sector of projected Fax Machines sales for 2023 through 2029. With Fax Machines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fax Machines industry.

This Insight Report provides a comprehensive analysis of the global Fax Machines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fax Machines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fax Machines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fax Machines and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fax Machines.

The global Fax Machines market size is projected to grow from US$ 929.1 million in 2022 to US$ 640 million in 2029; it is expected to grow at a CAGR of 640 from 2023 to 2029.

USA is the largest Fax Machines market with about 33% market share. Europe is follower, accounting for about 26% market share.

The key players are Panasonic, Canon, BROTHER, Philips, SAMSUNG, Sharp, Ricoh, Fuji Xerox, lenovo, TOEC, Xoceco, Lexmark, HP, Muratec, Sagemcom, EPSON, kyocera, Cimsun tech, Jinheng Technology etc. Top 3 companies occupied about 40% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Fax Machines market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Laser Fax Machine

Inkjet Facsimile Machine

Thermal Transfer Fax Machine

Segmentation by application

Office

Government

Household

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Panasonic

Canon

BROTHER

Philips

SAMSUNG

Sharp

Ricoh

Fuji Xerox

Lenovo

TOEC

Xoceco

Lexmark

HP

Muratec

Sagemcom

EPSON

Kyocera

Cimsun tech

Jinheng Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fax Machines market?

What factors are driving Fax Machines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fax Machines market opportunities vary by end market size?

How does Fax Machines break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.