LONDON--(BUSINESS WIRE)--Technavio has announced the top seven leading vendors in their recent global printer supplies market report until 2020. The report includes vendors across all regions and segments. The vendors are identified based on the revenue and market dominance in terms of experience, product portfolio, geographical presence, financial condition, R&D, and customer base.
Competitive vendor landscape
Currently, competition in the global printer supplies market is intense because of the presence of many vendors that are diversified across the globe. Price wars may affect vendor performance because of competitive pricing by existing vendors in order to increase their customer base. Vendor performance may also be affected by national and local economic conditions and demographic trends.
Vendors in the market compete on the basis of numerous factors such as technology, price, distribution channel, and global presence. Also, they focus on establishing relationships with their customers to sustain competition in the market. This will shape the competitive landscape of the market in the next few years.
According to Sunil Kumar Singh, a lead analyst at Technavio for research on computing devices, “As the market is saturated and is moving toward consolidation, M&A is one of the strategies followed by the companies to increase their geographical presence, technical expertise, and sales revenue. Companies in the printing market are investing heavily in M&A to develop innovative and differentiated products to stay competitive in the market.”
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Top seven global printer supplies market vendors
Brother Industries
Brother Industries was established in 1934 and is headquartered at Nagoya, Japan. The company manufactures and markets a wide range of products, including printing equipment, home sewing machines, industrial sewing machines, and tools. It operates 74 subsidiaries and has operations in more than 40 countries.
The company provides laser printing equipment and consumables for small offices, home offices, and SMEs. It offers high-end black and white printers and inkjet printers equipped with a high-speed line head. The company also plans to enhance its technological strengths in order to develop many new products.
Canon
Canon manufactures and sells office multi-function devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment. It mainly sells products under the brand name Canon to dealers and retail outlets through independent distributors.
The company is also providing maintenance services for its copying machines, and supplies replacement drums, parts, toners, and paper.
HP
HP was incorporated in 1947 and is headquartered in Palo Alto, California, US. The company offers PCs, imaging- and printing-related products, networking products, enterprise IT infrastructure, which includes enterprise server and storage technology, and multi-vendor customer services.
The company uses a customer-centric approach and is capitalizing on the growing trend of digital printing. It is also focusing on enhancing its presence in different regions in addition to improving efficiency and productivity in both its direct and indirect businesses. The company utilizes two primary methods for fulfilling the demand for its products: building products to order and configuring products to order.
Seiko Epson
Seiko Epson was founded in 1942 and is headquartered in Suwa, Nagano, Japan. The company engages in the design, development, and marketing of devices and precision products, information-related equipment, and sensing and industrial solutions across the world.
The company's main strategy in the printing systems business is to create an innovative printing environment by using inkjet technology. It hopes to realign its business model and product mix as well as boost competitiveness by launching inkjet printers that use a new print head.
Kyocera
Kyocera is a Japanese electronics and ceramics multinational company. The company manufactures products such as solar power generating systems, telecommunications equipment, semiconductors, office document imaging equipment, and dental implant systems. Its strategies include improving on its existing technologies, enhancing product development, expanding sales network, and reinforcing management foundations through exploiting the capabilities of the business.
Lexmark International
Lexmark International offers printing, imaging, managed print services (MPS), device management, document workflow, and business process management solutions worldwide. The company primarily serves the financial services, retail, manufacturing, education, government, and healthcare industries. The company was founded in 1990 and is headquartered in Lexington, Kentucky, US. Revenue from printer supplies contributed around 65% of the total revenue in 2015.
Lexmark International entered into a merger agreement with a group of investors led by Apex Technology (Apex) and PAG Asia Capital (PAG), in April 2016.
Ricoh
Ricoh is a technology company, which offers office imaging equipment, production print solutions, document management systems, and IT services worldwide. Earlier, the company was known as Riken Optical, which changed to Ricoh Company in 1963. The company was founded in 1936 and is headquartered in Tokyo, Japan.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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