DUBLIN--(BUSINESS WIRE)--The "Thermal Printing Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The thermal printing market is predicted to witness a compound annual growth rate of 5.04% during the forecast period to reach a total market size of US$40.490 billion by 2023, increasing from US$30.143 billion in 2017.
Thermal printing is an advanced technology in the printing field which makes use of heat in order to produce an image or text on thermal paper. The growing application of thermal printers in various industries such as health care, banking, manufacturing and others is the key driver for the growth of this market.
Growing population, rising disposable incomes and rapid industrialization are some other factors contributing to the demand for these printers on account of rise in level of existing printing applications. Additionally, adoption of thermal printers will also result in lower maintenance cost thereby further increasing their demand. However, the inkjet and laser printing technologies act as a major constraint to the market growth.
Major industry players profiled as part of the report are AXIOHM, Open Date Group, TSC Auto ID Technology Co., Ltd and Zebra Technologies Corporation among others.
- Direct Thermal Printing
- Thermal Transfer Printing
- Barcode labels
By End-user Industry:
- Open Date Group
- TSC Auto ID Technology Co., Ltd
- Zebra Technologies Corporation
- Honeywell International Inc.
- HP Development Company, L.P
- Seiko Epson Corporation
- SATO HOLDINGS CORPORATION
- Citizen Holdings Co. Ltd
- Toshiba Tec Corporation
For more information about this report visit https://www.researchandmarkets.com/research/tn5gd4/40_billion?w=4