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Portable Photo Printers Market Report Overview
The global portable photo printers market size was expected to be USD 693 million in 2020 & the market is projected to touch USD 1773.42 million by 2031, exhibiting a CAGR of 8.8% during the forecast period.
A compact, portable device called a mobile photo printer allows users to print photos directly from their cellphones or other mobile devices without the need for a computer. These printers typically communicate with phones, tablets, and other devices via Bluetooth or Wi-Fi. These often employ specialised photo-printing paper.
Mobile photo printers come in a variety of sizes and styles, from pocket-sized handhelds to larger, more advanced models designed for more experienced photographers. Additionally, some versions offer extra features including filters, editing tools, and other features that can be used to enhance photographs before printing. Demand for mobile photo printers is projected to increase as a result of the integration of such functionalities in the near future.
COVID-19 Impact: Pandemic Effectuated the Emphasize and Boosted Up the Market Demand
As a result of the coronavirus pandemic, portable printing is becoming more popular around the world. Aside from the large increase in home printer sales, demand for portable photo printers is predicted to skyrocket in the aftermath of the COVID-19 outbreak. Manufacturers in the portable photo printer market see opportunities as a result of these trends. Companies in the portable photo printer market perceive revenue possibilities as the number of home offices and leaner printing expands. E-commerce platforms are being used by brands to increase product sales.
LATEST TRENDS
"The Advancements and Development Made in the Device to Inflate the Market Demand"
Portable photo printers produce high-quality prints using a variety of printing techniques such as ink jet, Zink, and dye-sublimation. Furthermore, cutting-edge technologies like as wireless networking and touchscreens, as well as built-in batteries, are included. The use of mobile photo printers is expected to develop substantially in the next years due to their increasing practicality and convenience. Because of expanding interoperability with social networking sites and mobile apps, users can print photographs directly from their tablets or smartphones, which is expected to boost market growth during the projection period.
Companies in the mobile photo printer industry are diversifying their product offerings to include solutions that can print from any software, such as Photoshop or a smartphone picture app. Wireless printer that are entertaining, compact, and interactive are becoming increasingly popular, allowing users to print photographs from any smartphone or tablet in real time.
Portable Photo Printers Market Segmentation
- By Type
Based on type; the portable photo printers market is divided into compact photo printer, pocket photo printer and others.
Pocket photo printer is the leading part of the type segment.
- By Application
Based on the application; the portable photo printers market is divided into offline sales, online sales and others.
Offline sales are the leading part of the application segment.
DRIVING FACTORS
"Changing Lifestyle Coupled with Quick Results of Photo Printers to Advance the Market Share"
Smartphones may be readily connected to portable photo printers, which produce high-quality printouts as well. These portable printers allow users to print photos directly from their cell phones without the need for a PC or any other software. Mobile photo printers are becoming more popular as people's lifestyles change due to more discretionary cash and the desire for quick outcomes. Rising technical improvements are projected to propel the global mobile photo printer market forward. Furthermore, the majority of photo prints come with a sticker backing, which allows clients to mount them to a wall. Because of these considerations, this segment is predicted to grow rapidly.
"Rising Demand for Portable Devices to Drive the Market Growth"
Growing demand for improved tablets and smartphones, as well as the responsiveness and flexibility provided by mobile devices, are boosting the global mobile photo printer market. Mobile photo printers, unlike traditional printers, do not utilise ink cartridges or ribbons that must be disposed away, nor do they generate trash. The equipment is portable and easy to transport, which encourages clients to use mobile photo printers. Life is evolving.
RESTRAINING FACTORS
"The High Cost and Number of Alternatives to Restrain the Market"
It is anticipated that restraining factors including the high price of industrial photo printers will slow down the market growth. The vast array of options available and the emergence of cutting-edge infrastructure in the photo printing sector are anticipated to act as significant restraints on the expansion of the portable photo printer market. Over the course of the forecast period, the aforementioned reasons are anticipated to constrain the portable photo printers market growth.
Portable Photo Printers Market Regional Insights
"North America to Lead the Market with Rising Technological Implementation"
Nearly half of the portable photo printers market share was accounted for by the North American area during the anticipated period. Growing preferences for photo printing in nations like the United States and Canada are the main factors driving the North American industry. Aside from that, the industry is expanding due to the rising popularity of portable photo printers. Improved network infrastructure, more technological adoption, and a significantly higher rate of portable photo printer usage across several businesses. Additionally, the region holds the largest market share as a result of improvements in wireless technology and greater enterprise adoption of cloud computing and cloud storage technologies, which is fueling market expansion in the area. Additionally, it is anticipated that SMEs in the area would increase their need for portable photo printers, driving revenue growth in the North American market.
KEY INDUSTRY PLAYERS
"Key Industry Players to Promote the Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
LIST OF TOP PORTABLE PHOTO PRINTERS COMPANIES
- Canon (Japan)
- Fujifilm (Japan)
- Polaroid (Italy)
- HITI (China)
- LG (South Korea)
- EPSON (Japan)
- HP (U.S.A)
- Prynt (U.S.A)
- Kodak (U.S.A).
REPORT COVERAGE
This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 693 Million in 2020 |
Market Size Value By |
US$ 1773.42 Million by 2031 |
Growth Rate |
CAGR of 8.8% from 2020 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the portable photo printers market expected to touch by 2031?
Based on our research, the global portable photo printers market is projected to touch USD 1773.42 million by 2031.
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What CAGR is the portable photo printers market expected to exhibit by 2031?
The portable photo printers market is expected to exhibit a CAGR of 8.8% by the forecasted year 2031.
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What are the driving factors of the portable photo printers market?
Changing lifestyles coupled with quick results of photo printers and the rising demand for portable devices are the driving factors of the portable photo printers market.
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Which are the top companies operating in the portable photo printers market?
Canon, Fujifilm, Polaroid, HITI, LG, EPSON, HP, Prynt, Kodak and others are the top companies operating in the portable photo printers market