A4 Laser Printer Market Size, Share, Growth, and Industry Growth by Type (Single Function A4 Laser Printer and Multifunction A4 Laser Printer) By Application (SOHO, SMB, Corporate and Others), Regional Forecast To 2031

Updated On: 08 April 2024

A4 Laser Printer Market REPORT OVERVIEW

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The global A4 laser printer market size is predicted to value at USD 14400 million in 2022 and is projected to touch USD 19995.78 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 3.3% during the forecast period.

A device used to create physical copies of documents is a laser printer. By continually passing an electrostatically charged drum through which toner particles are adhered and fusing it onto paper, it produces pictures on paper. Printing companies won't pay additional expenses as a result, and the printed pages will have crisp text and images that may be readily shared or disseminated to clients in marketing efforts.

An electrostatic digital printing technique is laser printing. It defines a differentially charged picture by periodically sweeping a laser beam across a negatively charged cylinder known as a "drum," producing high-quality text and graphics (as well as mediocre images). When the paper is heated to permanently fuse the text or picture, the drum selectively catches electrically charged powdered ink (toner) and transfers the image.

COVID-19 Impact:  Challenges in Manufacturing Industry Affected the Market

Businesses, customers, and suppliers have all been significantly impacted by the pandemic's negative consequences, which will cause a number of issues for organizations and industrial activities in 2020. Due to the peculiar circumstances surrounding the COVID-19 pandemic, businesses have been affected and are still experiencing varied degrees of disruption and a decline in equipment demand. The major sectors also acknowledged the need for face-to-face communication to complete the sales process in order to generate income and run their businesses. The supply chain ecology has been disrupted, there have been widespread closures of training facilities, and other reasons have made it challenging for suppliers to deliver the system and provide training in some circumstances.

These difficulties have had an indirect impact on the production of A4 laser printers because the manufacturing facilities are now closed because to the COVID-19 Pandemic. As a result, the producers are left with a smaller staff, which is obviously hindering the market.

LATEST TRENDS

"Environmental, Industrial, Pharmaceutical and Other Sectors will Fuel Market Expansion."

The growth of the printing industry, technical improvement, and economic growth all contribute to the need for A4 laser printers. A variety of advancements brought about by the development of digital technology have helped redefine the landscape in a number of different industries. For instance, companies are now relying on mobile applications since they are essential to how they operate every day. Smaller businesses frequently augment or replace desktop PCs with smartphones and tablets for a variety of purposes.

A4 Laser Printer Market Segmentation

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• By Type Analysis

By type, market is segmented into single function A4 laser printer and multifunction A4 laser printer. The single function A4 laser printer will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is SOHO, SMB, corporate and Others. The SOHO segment will lead the global share through 2031.

DRIVING FACTORS

"Low-Cost of Printing Per Page to Boost the Market Growth."

Typically, single function laser printers are made to perform just one task, such printing or copying. They cannot be used to scan, fax, copy, etc. and can only perform one activity at a time. They have gained a lot of popularity in recent years because to their low cost per page of output compared to more sophisticated machines like multifunctional ones.

"Multi- tasking Ability to Grow Market Demands."

Printing is one of the most popular uses for A4 laser printers in SMBs. The fact that these devices can handle a multitude of media types and have fast print speeds has enhanced their adoption. They can also be utilized as fax machines, scanners, copiers, or scanner-equipped faxes. A printer can be connected to the network of an office system so that all of its operations can be managed from a single place on a PC. Due to this, it is simple to handle document output tasks without having to log into each machine separately.

RESTRAINING FACTORS

"High Initial Investment to Hinder the Market Demand"

The main problem that can prevent the market from expanding is the high initial investment cost. It is anticipated that factors such as the inability to print two documents at once, the high cost of color toner cartridges, and the production of ozone gas, which is hazardous to human health and the environment, would restrain the market's expansion.

A4 Laser Printer Market REGIONAL INSIGHTS

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"Europe Holds the Highest A4 Laser Printer Market Share"

In 2020, Europe produced an increase in revenue. In terms of market value, the region now has the largest share of the worldwide market. High automation standards in Western European industrialized nations like the U.K., Germany, and France have facilitated the A4 laser printer market growth in the area. With a significant number of units imported from China's market, the area also has a respectable part of the A4 laser printer market. To further limit human interaction and the strain on automated operations in the post-pandemic era, several federal administrations operating in the region are imposing strict SOPs at public locations.

The market in Asia Pacific is anticipated to expand at the greatest CAGR during the projected period. The rapid development in the production and sales of A4 laser printers in China and Japan is responsible for the region's growth. The proliferation of multiple producers has resulted in a sharp increase in market fragmentation, which has greatly boosted the worldwide market. The cross-border commerce of A4 laser printers has significantly increased thanks to decent exports from China's manufacturing hubs, which inspired regional industry participants to anticipate and seize worldwide market chances. Due to technology improvements, cheaper and more dependable items are being developed and produced, which has increased the propensity of many application industries to employ these A4 laser printers.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• HP (U.S.)
• Canon (Japan)
• Brother (Japan)
• Ricoh (Japan)
• Fuji Xerox (Japan)
• Samsung (South- Korea)
• Lexmark (U.S.)
• DELL (U.S.)
• OKI (Japan)
• Epson (Japan)
• KYOCERA (Japan)
• Konica-Minolta (Japan)
• Sindoh (South Korea)
• Lenovo (Hong Kong)
• Pantum (China)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.