PUNE, India, November 27, 2017 /PRNewswire/ —
Thermal Printing Market is forecast to reach $50.45 billion by 2023 from $37.66 billion in 2017 at a CAGR of 5.00% during (2017-2023) driven by the adoption of automatic identification and data capture (AIDC) technologies for productivity improvement, growing concerns about product safety and anti-counterfeiting, use of thermal printers in on-demand printing applications, increasing adoption of wireless technologies in mobile printers, and growth of the e-commerce industry.
Browse 65 Market Data Tables and 62 Figures spread through 178 Pages and in-depth TOC on “Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography – Global Forecast to 2023“ http://www.reportsnreports.com/reports/1241154-thermal-printing-market-by-offering-printer-supplies-printer-type-barcode-pos-kiosk-ticket-rfid-and-card-format-type-industrial-desktop-mobile-printing-technology-dt-tt-d2t2-application-and-ge-st-to-2023.html .
The thermal printing market ecosystem includes manufacturers and resellers such as Zebra Technologies (US), SATO Holdings (Japan), Epson (Japan), Star Micronics (Japan), and Honeywell (US), Bixolon (South Korea), Fujitsu (Japan), Brother International (Japan), Toshiba TEC (Japan), and TSC Auto ID (Taiwan). Companies that provide a range of customized solutions to customers are expected to emerge as the game changers.
Thermal Printing Market in APAC is expected to grow at the highest CAGR between 2017 and 2023. APAC is one of the prospective markets for this technology. APAC leads the market for the retail application in terms of size. Moreover, APAC has the presence of retailers such as Seven & I Holdings Company, Isetan, Aeon Company, and Gome Electrical Appliances, which provide barcode and RFID printers to various industries. These factors are expected to boost the thermal printer market in APAC. The Asian markets, mainly in Japan, India, and China, are more likely to lead the thermal printing market in the coming years in terms of technological adaptability and market size.
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The thermal printer market for RFID printers is expected to grow at the highest CAGR during the forecast period. RFID printers are 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.
The Thermal Printing Market for healthcare and hospitality is