Introduction to the Portable Printer Ribbons & Cartridges Market
The global printing industry has undergone rapid transformation over the course of decades. Portable printer ribbons & cartridges are solutions used in most printing shops and are expected to witness growth in demand, especially in the developing countries. Portable printer ribbons & cartridges are also Point-of-Sale (POS) solutions used in retail environments. Portable ribbons & cartridges are used in cash registers, credit card terminals, receipt printers, and deskjet printers, among others. There is a possibility of decrease in the number of brick and mortar stores in developed countries with the growth of digital. Therefore, the increase in number of retail outlets could trigger growth in demand for portable printer ribbons and cartridges. However, Competition in the printer ribbons & cartridges market is expected to be intense with the likes of HP, Epson, Xerox and Panasonic being the key players operating in the market. The outlook for portable printer ribbons & cartridges market is expected to be moderate during the forecast period.
The Dynamics of Portable Printer Ribbons & Cartridges Market
The global portable printer ribbons & cartridges market could face significant challenges from growth in digital in all industries. In addition, advanced technologies such as laser tones and enhanced printing components are gaining traction in the market, which could act as a restraint to growth of the global portable printer ribbons & cartridges market, during the forecast period. Portable printer ribbons & cartridges are cost effective and therefore enjoy high preference currently. However, there significant changes during the future which could lead to the decline of several applications of portable printer ribbons & cartridges. The advancement in digital printing could mean that more and more companies would make the switch towards digital. Also, increased demand for customized printing solutions would compel companies to develop technologies that could cater the same. Need for on-demand printing solutions could be a key restraint to growth of the global portable printer ribbons & cartridges market. The intensity of competition in the global portable printer ribbons & cartridges market is expected to increase as the threat of substitutes grows.
Portable Printer Ribbons & Cartridges Market: Regional Outlook
The Asia Pacific portable printer ribbons & cartridges market is expected to spearhead growth of the global portable printer ribbons & cartridges market during the forecast period. This is attributed to growth in several end use sectors in the developing countries in the Asia Pacific region, especially emerging economies like India and China. Growth in retail sector is another key factor behind growth in demand for portable printer ribbons & cartridges in these countries. However, digitalization is also one of the things which are expected to witness a boom, causing market growth for portable printer ribbons & cartridges to stall post 2022. On the other hand, increase in institutional centres and government offices could lead to growth in demand for portable printer ribbons & cartridges. The North America and Europe markets are expected to witness early symptoms of a sluggish market growth for portable printer ribbons & cartridges. This is due to wider acceptance for digital media among consumers in these regions. However, portable printer ribbons & cartridges still prove useful for most of the paperwork done today. It will therefore be interesting to observe how the market shapes up in the coming years.
Portable Printer Ribbons & Cartridges Market: Segmentation
The defined scope for the portable printer ribbons & cartridges market is as below –
By material, the global portable printer ribbons & cartridges market is segmented as-
By end use, the global portable printer ribbons & cartridges market is segmented as –
Portable Printer Ribbons & Cartridges Market: Key Players
Some of the key players operating in the global portable printer ribbons & cartridges market are as follows –
- HP Inc.
- Seiko Epson Corporation
- Panasonic Corporation
- Xerox Corporation
- Brady Corporation
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