Ticket Printers Market Size, Share, Growth, and Industry Analysis, By Type (Direct Thermal and Thermal Transfer), By Application (Arts & Entertainment, Sporting Events, Travel & Leisure and Recreation & Gaming), Regional Forecast to 2027

Updated On: 08 April 2024

REPORT OVERVIEW

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The global ticket printers market size was in USD 688.7 million 2020. As per our research, the ticket printers market is expected to reach USD 982.1 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Heat is used in these printers to form an image on specially coated thermal paper. They're frequently used to print simple tickets with text, barcodes, and basic artwork. Thermal printers are useful in high-volume situations because they are fast and dependable. Dot matrix printers, however less prevalent nowadays, employ small pins to hit an inked ribbon on the paper, creating text and graphics through a series of dots. They are better suited to areas where durability is essential, but they are often slower and provide lower-quality output than other technologies. Inkjet technology is used by some ticket printer to produce higher-quality images with color and finer details. These printers create the desired picture or text by spraying tiny droplets of ink onto the paper.

Laser ticket printers are comparable to laser printers used in offices. To make the final printed, they use a laser to create an electrostatic image on a photosensitive drum and then transfer toner onto the paper. Laser printers are well-known for producing crisp text at high speeds. Ticket printer is frequently coupled with POS systems or computer software that organizes reservations, bookings, and ticket sales. These systems may generate and customize tickets based on the unique event or service, including information such as seat numbers, showtimes, dates, and pricing. Furthermore, modern ticket printer can be outfitted with barcode or QR code printing capabilities, allowing for quick and efficient scanning at entrance points.

Ticket printer is a machine that produce tangible copies of tickets for various events, services, or transactions. These printers are typically found in movies, theatres, transit hubs (such as airports and train stations), amusement parks, concerts, museums, and other locations. They are essential in providing customers or guests with physical confirmation of their purchase or reservation. Heat is used in these printers to form an image on specially coated thermal paper. They're frequently used to print simple tickets with text, barcodes, and basic artwork. Thermal printers are useful in high-volume situations because they are fast and dependable. Although less common nowadays, dot matrix printers use tiny pins to impact an inked ribbon against the paper, creating text and images through a series of dots. They are more suitable for environments where durability is important, but they are generally slower and produce lower-quality output compared to other technologies.

COVID-19 Impact: Decreased Demand for Event Tickets to Hinder Market Growth

The cancellation or postponing of concerts, sporting events, theatre plays, and other gatherings reduced demand for event tickets and, as a result, ticket printer. This had a direct influence on ticket printer makers and suppliers' revenue and sales. Ticket printer is commonly seen in airports, train stations and other transportation hubs. However, the pandemic reduced travel significantly, diminishing the demand for transportation-related ticketing services and equipment. Many sectors have turned towards digital and contactless ticketing solutions to eliminate physical contact and the danger of virus transmission. This tendency had a negative impact on the market for traditional paper tickets as well as the ticket printers who produced them.

LATEST TRENDS

"Contactless and Mobile Ticketing to Enhance Market Growth"

There was an increasing tendency towards contactless and mobile ticketing options even before the pandemic. The COVID-19 pandemic hastened this trend, as corporations and gatherings look for ways to reduce physical contact. Users can purchase and save tickets on their smartphones using mobile apps and digital wallets, eliminating the need for printed tickets. Smart systems, such as real-time monitoring, remote management, and predictive maintenance, have been connected with ticket printer. These skills aid in increasing efficiency and decreasing downtime in high-traffic areas. Ticket printer has become more customizable, allowing businesses to make one-of-a-kind and visually appealing tickets. This can improve branding efforts and make the event more engaging for guests.

SEGMENTATION

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• By Type

Based on type market is classified as direct thermal and thermal transfer.

• By Application

Based on application market is classified as arts & entertainment, sporting events, travel & leisure and recreation & gaming.

DRIVING FACTORS

"Events and Entertainment Industry to Augment Market Growth"

Ticket printer is in high demand in the events and entertainment business, which includes concerts, sporting events, theatres, and theme parks. As the sector grows and diversifies, the demand for effective ticketing solutions remains high. Ticket printers are needed in airports, train stations, bus terminals and other transportation hubs to print boarding passes, public transportation tickets and other travel-related documents. Printing technology advancements, such as faster printing speeds, higher print quality, and expanded connectivity possibilities, promote the replacement and upgrade of older ticket printer. The development of printers capable of producing QR codes and barcodes that can be easily scanned has resulted from the shift towards contactless and mobile ticketing systems, in which tickets are kept on smartphones or other digital devices.

"Customization and Branding to Propel Market Growth"

Businesses are increasingly interested in developing one-of-a-kind and visually appealing tickets that complement their branding initiatives. This desire is met by the customization choices provided by current ticket printers. Counterfeit tickets and fraudulent actions need the adoption of secure printing procedures as well as anti-counterfeiting safeguards. These concerns are addressed by ticket printer with improved security measures. Certain sectors demand ticketing and documentation to adhere to specific norms and requirements. Ticket printers that can produce compliant tickets assist businesses in avoiding legal complications. Ticket printer is that interface easily with digital systems, such as POS solutions, customer databases, and online booking platforms, boost operational efficiency.

RESTRAINING FACTORS

"Digital Transformation to Impede Market Expansion"

The transition to digital and online ticketing systems has reduced need for traditional paper ticket printing. The market for physical ticket printers may encounter limits as more sectors embrace digital alternatives. While the pandemic hastened certain innovations, such as contactless ticketing, it has also resulted in event cancellations or postponements, reducing immediate demand for ticket printer in affected industries. Economic downturns or uncertainty might cause organisations to reduce discretionary spending, such as investments in new ticket printer or renovations.

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Well-Established Events"

Historically, the North America region, has been an important market for ticket printers market share. This is due to the region's well-established events and entertainment business, which includes sports, concerts, theatres, theme parks, and other attractions. Furthermore, technical developments and a greater willingness to adopt new technologies add to the demand for effective ticketing systems. The demand for ticket printer is driven by major sporting events, music festivals, cultural exhibitions, and tourist destinations. Furthermore, the continent's emphasis on sustainability and regulatory compliance may influence the sorts of ticket printer employed.

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 of 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 portfolios.

List of Market Players Profiled

• Epson (Japan)
• Fujitsu (Japan)
• Zebra (U.S.)
• Custom (Italy)
• Datamax-O'Neil (Honeywell) (U.S.)
• Practical Automation (U.S.)
• Boca Systems (U.S.)
• Stimare (Ireland)
• Skidata (Austria)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.