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Thermal Printing Market by Offering, Printer Type, Format Type, Printing Technology, Application and Geography - Global Forecast to 2023 - Research and Markets

[December 11, 2017]

Thermal Printing Market by Offering, Printer Type, Format Type, Printing Technology, Application and Geography - Global Forecast to 2023 - Research and Markets

The "Thermal Printing Market - Global Forecast to 2023" report has been added to Research and Markets' offering.

The thermal printing market, in terms of value, is expected to grow from USD 37.66 Billion in 2017 to USD 50.45 Billion by 2023, at a CAGR of 5.00% between 2017 and 2023.

The adoption of automatic identification and data capture (AIDC) technologies for improving the overall productivity of businesses is a major factor driving the growth of the thermal printing market. Major factor restraining the growth of thermal printing market includes heat settings of thermal barcode printers.

RFID printers is the fastest-growing segment in the thermal printer market based on printer type. The increasing demand for RFID-printed labels in the supply chain of the retail and healthcare industries is the main factor that is likely to contribute to the high growth of the market for RFID printers between 2017 and 2023.

Industrial thermal printers are used in harsh environments, icluding the manufacturing industries having a huge demand for labels, receipts, and tags. The demand for industrial format printers is being driven by the increasing need for inventory management and rising adoption of these printers for tracking, recording, and storing the data related to goods or products in the manufacturing industry. Some of the major manufacturers of industrial thermal printers are Zebra Technologies (US), Honeywell (News - Alert) International (US), Wasp Barcode Technologies (US), and Postek Electronics (China), among others.

Companies Mentioned