Global Copier Market Size to Worth USD 1237.64 Million by 2033: Market Insight Report

Global Copier Market Size to Worth USD 1237.64 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Copier Market Size is Expected to Grow from USD 738.32 Million in 2023 to USD 1237.64 Million by 2033, Growing at a CAGR of 5.30% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Copier Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Multifunctional Copier and Standard Copier), By End-user (Residential, Educational Institutions, Government, and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

A copier is a device that uses heat, light, chemicals, or electrostatic chargers to create copies of text or visuals. Modern office copiers most frequently use this technique, which is known as xerography. Any office or business needs a copier machine.  Several copies of the same document or image can be made with the copier electronic gadget. Owing to their many functions, including automatic document feeders, paper trays, color/black and white printing and scanning possibilities, and other characteristics that make them multipurpose and flexible equipment, copy machines are usually easy to maintain. Technological developments that improve copying speed and efficiency as well as the growth of enterprises and educational sectors that require bulk document management solutions are growth factors for the copier market. The creation of energy-efficient versions has also been influenced by a greater focus on sustainability. However, the copier market is significantly hampered by the ongoing digital transition.

The multifunctional copier segment dominates the market with the highest market share of the global copier market through the projected timeframe.              

Based on the product type, the copier market is classified into multifunctional copier and standard copier. Among these, the multifunctional copier segment dominates the market with the highest market share of the global copier market through the projected timeframe. Instead of a separate standalone copier, consumers and businesses choose equipment that can simultaneously copy, print, fax, and scan. Modern, multipurpose machines may do a variety of tasks, including printing, scanning, copying, and faxing, as companies simplify operations and improve throughput.

The educational institute segment is expected to hold the highest market share of the global copier market through the projected period.

Based on the end-user, the copier market is classified into residential, educational institutions, government, and commercial. Among these, the educational institute segment is expected to hold the highest market share of the global copier market through the projected period. Copiers are essential in education for printing worksheets, instructional materials, and administrative documents. They facilitate the development of educational resources and help to streamline administrative duties. Regularly used for scanning and copying, multifunctional copiers improve academic achievement by facilitating the rapid replication of documents for both students and teachers.

North America is expected to hold the largest share of the copier market through the forecast period.

North America is expected to hold the largest share of the copier market through the forecast period. Companies in North America are in high demand for copiers due to their need for effective file control systems and high-quality printing capabilities. Additionally, copiers continue to be essential to the daily operations of the healthcare, education, and financial sectors. Additionally supporting the expansion of the local market is the growing trend toward cloud-based and virtual printing solutions. Owing to its robust financial system and innovative technology, North America plays a significant role in influencing changes in the global copy market.

Asia Pacific is predicted to grow at the fastest CAGR of the copier market over the forecast period. This is due to the ongoing rise in investments made by regional companies to expand their market share. Additionally, most of the big firms sell their goods in this area, which is a developing and undeveloped sector. The rise in service-related activities in nations such as China, India, Japan, and Korea is to blame for this.

Competitive Analysis

Major key players in the copier market include Ricoh Company Inc., Xerox Corporation, Brother International, Canon Inc., HP Inc., Konica Minolta Inc., DELL, Sharp Corporation, Kyocera Corporation, Toshiba Corporation, Oki Data, and Others.

Recent Developments

• In May 2023, Canon announced the addition of the image RUNNER ADVANCE (iR-ADV) DX C3900i series, iR-ADV DX 8900i series, iR-ADV DX 4900i series, iR-ADV DX C359i, iR-ADV DX 619i, image RUNNER (iR) 2900i series, and iR C3326i to its wide range of A3 and A4 tone and monochrome laser multi-function devices (MFD). These devices offer businesses exceptional functionality, from efficient workflows to preventative security measures.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the copier market based on the below-mentioned segments:

Global Copier Market, By Product Type

• Multifunctional Copier
• Standard Copier

Global Copier Market, By End-User

• Residential
• Educational Institutions
• Government
• Commercial

Global Copier Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa