DUBLIN--(BUSINESS WIRE)--The "Global Multi-Function Printer Market - by Product Type, Distribution, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The global multi-function printer market was USD 27.5 billion in 2017 and is estimated to reach USD 34 billion by 2023 at a CAGR of 3.6% during the forecast period.
The global multi-function printer market is mainly driven by its capability to perform multitudinous functions such as printing, scanning and faxing.
Also, due to its high reliability and versatility as well as ease of use and its compact size, these multi-function printers are also used in offices and homes. This is also one factor owing to which the demand for multi-function printer is expected to rise during the forecast period and is one of the major drivers for the growth in the market globally.
However, running a multi-function printer could normally be expensive and the power required to run the printer and its necessary maintenance could get very costly at times. These factors are hindering the growth of the global multi-function printer market globally.
North-America region holds the largest market share followed by Europe and the Asia-Pacific regions owing to the increase in communication technology, increasing demand for simplified consumer electronics and the need for a well-managed documentation system.
Mainly, Canada and the US, in the North-America region have a strong technical infrastructure which allows proper implementation and intensification of advanced technologies. While Latin America and Africa regions expect to have a sluggish growth in comparison with other regions globally due to less advancement of technologies.
Industry Trends and Updates
- Seiko Epson Corporation, a Japanese electronics company and one of the world's largest manufacturers of computer printers invests 16 Billion Yen in building a new building named as Innovation Center Building B' on the campus of its Hirooka Office at Nagano, Japan with an intention to grow its printing solutions business.
- Hewlett Packard (HP), a global leader in manufacturing electronics gadgets such as printers invests more than USD 1 Billion with the main intention to reset printing and imaging market offering consumers greater value and unparalleled ease of use.
- Brother Industries
- Canon Inc.
- Dell
- Eastman Kodak Company
- Hewlett Packard
- Konica Minolta Business Solutions U.S.A. Inc.
- KYOCERA Corporation
- Lexmark International
- OKI Data Corporation
- Ricoh Company Ltd.
- Samsung
- Seiko Epson Corporation
- Sharp
- Toshiba
- Xerox Corporation
Key Topics Covered
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Multi-Function Printer Market Segmentation, Forecasts and Trends - by Product Type
6. Global Multi-Function Printer Market Segmentation, Forecasts and Trends - by Distribution
7. Global Multi-Function Printer Market Segmentation, Forecasts and Trends - by Region
8. Company Market Share Analysis
9. Company Profiles
10. Industry Structure
11. Global Multi-Function Printer Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/qt8cvx/global?w=4
