LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global production printer market report until 2021. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
Production printers are used for volume printing, with a print speed of more than 60 pages per minute (PPM). These printers are used for commercial purposes such as printing books, manuals, marketing collaterals, packaging materials, and transactional documents. The global market is expected to witness an increase in the demand for production printers from various application segments such as packaging and publishing during the forecast period.
Competitive vendor landscape
The global production printer market is consolidated with a few players dominating the market space. Technavio has identified the following key vendors based on their product portfolio, geographical presence, marketing and distribution channels, revenue generation, and significant investments in R&D. The top 5 vendors contribute to around 97.83% of the market share in terms of unit shipment.
Raghu Raj Singh, an industry expert at Technavio for research on embedded systems, says, “Vendors consider joint ventures, partnerships, collaborations, and contracts as the preferred strategies to gain a better market share. Vendors with same goals have collaborated to form joint venture programs, to assist each other in achieving those goals. This helps them gain access to the technologies and services of their partner, which can facilitate them to achieve their objectives faster. For instance, in January 2017, Ricoh acquired Avanti Computer Systems. The acquisition was made to enhance the product portfolio of Ricoh in the global production printer market.”
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Top five production printer market vendors
Canon is involved in the manufacture of optical and imaging products such as cameras, camcorders, steppers, computer printers, and medical equipment. The firm operates in three business segments, which are office business unit, imaging systems business unit, industry and other business unit. The firm is mainly focusing on R&D to expand its product portfolio. For example, the firm is conducting the in-house development and production of ultra-high-resolution sensors.
HP development offers PCs, imaging- and printing-related products, networking products, enterprise IT infrastructures that include enterprise servers and the storage technology, and multi-vendor customer services. HP Development generates its revenue through three business segments which are personal systems, printing, and corporate investments.
Konica Minolta develops and manufactures healthcare equipment, graphics art, production print systems, printers, MFPs, textile printers, and inkjet printheads. The business domain of the company consists of 3 segments: business technologies, healthcare, and industrial. The company focuses on developing products and services to cater to the end-users of the above-mentioned businesses. The product and service portfolio of the company includes business solutions, production print systems, industrial inkjet, healthcare, and measuring instruments.
Ricoh is into the manufacturing of innovative services and products. It develops printers by using the paper curl analysis technology. The company operates in three segments: imaging and solutions, industrial products, and others.
Xerox sells document management solutions worldwide. The company operates in three business segments: managed document services, workplace solutions, and graphic communications. The managed document services segment helps customers optimize their business processes, document workflow, and printing process. Xerox mainly serves the banking, education, healthcare, government, manufacturing, and retail sectors.
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