Smithere recently launched a new report about on thermal printing market. According to the report global market size of thermal printing is estimated to be $34.11 billion at end-user level in 2020, rising to $42.31billion by 2025, representing a 4.4% CAGR over the forecast period. Printer sales market share is approximately 28% of all thermal sales in 2020 and is predicted to grow at 4.7% CAGR – marginally faster than printing supplies.
The printing supplies segment, which includes direct thermal, thermal transfer and dye diffusion thermal transfer (D2T2), is forecast grow to $30.61 billion. Printing supplies are the largest component in this report: 72.3% of all thermal print revenues in 2025. Within the printer supply category, thermal transfer shows the highest growth rate by 2025 at 4.7%, direct thermal at 4.3%, and D2T2 is slowing down to 3.3% due to competing technologies such as inkjet and laser, and increase in electronic sharing and storage of photographs.
The report covers the following:
Detailed analysis of the Made in China 2025 plan, and the impact this has on thermal printing
The markets that are seeing the greatest growth in thermal printing
The future of thermal printing technologies as the market develops.
Who should buy the report?
Thermal print manufacturers
Thermal print suppliers
Companies involved with thermal print consumables and equipment
The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of interviews with thermal print suppliers, converters and experts drawn from key markets.
This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
About the author:
Stephen Earley is a global business leader with a focus on Product Management and General Management in the manufacturing B2B environment. He has developed and implemented multi-channel growth strategy for $60M portfolio of engineered products used in aerospace, defence, industrial, offshore, electronic, and electrical markets. He has led an international team across product management, sales, and engineering support across Europe, North America and China. He drove continuous improvement workstreams in production and supply chains across North America, Europe, and China.
