Thermal Printing Market Revenue, Opportunity, Value Chain and Forecast by 2032

The thermal printing market is expected to grow from USD 43.2 billion in 2020 to USD 53.5 billion by 2025; it is expected to grow at a CAGR of 4.4% during the forecast period.

Rising utilization of automatic identification and data capture technologies for improving productivity, increasing concerns regarding product safety and anti-counterfeiting, increasing use of thermal printing technology in latest on-demand printing applications, rising penetration of wireless technologies in mobile printers, and growing use of RFID and barcode thermal printers in the fast-growing e-commerce industry are the key driving factors for the thermal printing market.

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Which type of technology will be widely used in the thermal printer market?

In thermal printer market direct thermal printing technology is most widely used technology. Direct thermal printing technology is ideal for high-volume printing applications. This method is the easiest and most cost-effective solution for short-term applications and for labels meant for temporary use, such as shipping labels and food packaging labels. This is one of the major factors that has led to the leading position of the direct thermal printing technology in the thermal printer market.

Which region is expected to witness significant demand for thermal printers in the coming years?

North America currently accounts for the largest share of the thermal printing market, and a similar trend is likely to be observed in the coming years. Among all applications, retail, transportation & logistics, manufacturing & industrial, and healthcare & hospitality are the major application areas in which thermal printers are used in the region. Several companies offering thermal printers and supplies have their presence in this region, which further adds to the growth of the thermal printing market in North America.

Which are the major companies in the thermal printing market? What are their major strategies to strengthen their market presence?

Zebra Technologies (US), SATO Holdings (Japan), Seiko Epson (Japan), Star Micronics (Japan), and Honeywell International (US) are among the key players operating in the thermal printing market. The product launch strategy is one of the major strategies adopted by these players to grow in the thermal printing market.