Booming retail sector, rapid growth in mobile workforce and increasing IT spending to drive sales of portable printers through 2020, finds latest report by TechSci Research
Burnaby, Canada, August 19, 2015 –(PR.com)– According to a recently published report by TechSci Research “Global Mobile Printers Market Forecast & Opportunities, 2020,” the global mobile printers market is projected to surpass US$ 13 billion by 2020 where Asia-Pacific has emerged as the largest regional market with emanating demand from China, India, Japan, Indonesia and Korea.
With the advancements in wireless technology, cloud computing, integration in mobile printing solutions, coupled with growth in mobile workforce and rising demand for compact and portable printers are the key factors boosting demand for mobile printers. In 2014, retail industry accounted for the largest revenue share in mobile printers market followed by transportation and hospitality sector highlights TechSci report.
In addition, growing air travel and railway equipment & supply industries have also generated a huge demand for handheld ticketing mechanisms that use portable printers. Seiko Epson, Toshiba TEC, Zebra Technologies, Brother Industries and Citizen Systems are few of the leading suppliers of portable printers.
The report further highlights that booming retail & logistics sector, growing e-commerce sales, shifting focus towards intelligent transportation systems, booming hospitality sector, coupled with improvement in overall economic conditions are the major factors fueling growth in portable printers market.
“Thermal printing technology based mobile printers are dominating the sales when compared with ink jet mobile printers as they eliminate the need for ribbon or cartridges to print, and employ thermal paper for printing thereby resulting in reduced cost of replacement or refilling associated with traditional printers. Additionally, increasing online retail sales, growing logistics sector and packaged food industry are driving demand for bar code label printers which would further propel the demand for mobile printers globally,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Mobile Printers Market Forecast & Opportunities, 2020” has evaluated the future growth potential of global portable printers market and provides statistics and information on market structure, size, share and future growth of global mobile printers market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the mobile printers market across globe.
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