Europe Printer Market Insights Forecasts to 2033

• The Europe Printer Market Size was valued at USD 11.88 Billion in 2023.
• The Market is Growing at a CAGR of 4.71% from 2023 to 2033
• The Europe Printer Market Size is Expected to Reach USD 18.83 Billion by 2033

The Europe Printer Market is Anticipated to Reach USD 18.83 Billion by 2033, growing at a CAGR of 4.71% from 2023 to 2033.

Market Overview

Printers are devices that receive text and graphic output from a computer and then transfer the information to paper, typically to standard-size, 8.5" by 11" sheets of paper. There are variations in printers in terms of size, speed, sophistication, and cost. Generally, more costly printers are utilized for frequent or high-resolution color printing. The market is primarily being driven by the increase in remote work. Consequently, the escalating demand for home printers, as people need efficient printing capabilities for work-related documents and materials, is significantly contributing to the market. With remote and hybrid learning becoming the norm, educational institutions have turned to printers for distributing study materials, assignments, and assessments, which has a positive impact on the market.

Report Coverage

This research report categorizes the market for the Europe printer based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe printer market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe printer market.

Driving Factors

The printer market is significantly influenced by the growing need for high-quality images. Technological progress is anticipated to bring advantages to the printer market. The commercial printing industry is being driven forward by the use of personalized marketing messages in advertising and marketing strategies. Refurbished printers have become an attractive option for businesses due to the demand for environmentally friendly and cost-effective printing solutions.

Restraining Factors

The escalating costs of production printers, including investment costs, operating costs, and consumables, could limit the market. The increasing use of digital platforms, such as online content, electronic communication, and digital advertising, may impact the demand for printers.

Market Segmentation

The Europe printer market share is classified into printer type and technology

• The multi-functional segment is expected to hold the largest market share through the forecast period.

The Europe printer market is segmented by printer type into multi-functional, and standalone. Among these, the multi-functional segment is expected to hold the largest market share through the forecast period. The demand for multifunctional printers is continuing to rise in the corporate world as businesses seek efficient, space-saving solutions. These printers offer cost savings in terms of equipment purchases, maintenance, and energy consumption.

• The inkjet printer segment is expected to dominate the Europe printer market during the forecast period.       

Based on the technology, the Europe printer market is divided into dot matrix printers, inkjet printers, LED printers, thermal printers, and laser printers. Among these, the inkjet printer segment is expected to dominate the Europe printer market during the forecast period. This is because of their adaptability, cost-effectiveness, and widespread adoption. Inkjet technology depends on the precise ejection of ink droplets onto paper or other surfaces, resulting in high-quality color and monochrome prints. Inkjet printers are preferred by both consumers and businesses for several reasons.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe printer market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Canon
• Ricoh
• HP
• Xerox
• Epson
• Dell
• Kyocera
• Brother 
• Others

Key Target Audience

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

Recent Developments

• In July 2024, DS Smith, a leading global provider of sustainable fibre-based packaging solutions, is at the forefront of innovation with the installation of a Nozomi 14000 AQ single-pass, water-based digital inkjet printer at its Torrelavit facility in Spain.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Printer Market based on the below-mentioned segments:

Europe Printer Market, By Printer Type

• Multi-Functional
• Standalone

Europe Printer Market, By Technology

• Dot Matrix Printer
• Inkjet Printer
• LED Printer
• Thermal Printer
• Laser Printer