by Portable printers are compact, wireless printers that can be carried conveniently for on-the-go printing needs. They are battery-powered and allows users to print from mobile devices like smartphones and tablets via wireless connectivity options like Bluetooth or Wi-Fi. Portable printers find usage in various applications such as printing boarding passes, documents, photos, labels etc. They are commonly used by individuals for quick paperwork, students for projects and assignments, field workers for logging reports, and event planners for printing badges or schedules. The global portable printer market witnesses high demand from consumers and enterprise users alike due to the convenience and mobility aspects associated with these printers.
The global portable printer Market is estimated to be valued at US$ 13.58 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for on-the-go printing from consumers and enterprise users alike is a key driver boosting the portable printer market. Individuals can print necessary documents, photos, labels etc. instantly on the go. Field workers can log important reports from project sites using portable printers. Event planners can print badges and schedules for attendees quickly. Additionally, technological advancements in portable printers such as improved connectivity options, larger batteries allowing longer run times, advanced printing capabilities are also fueling their adoption rates globally. However, availability of alternative document scanning apps that eliminates the need for physical prints slightly hinders the market growth.
Segment Analysis
There are two key segments in the portable printer market – industrial printers and home & consumer printers. The home & consumer printers segment currently dominates the market, accounting for around 65% share. This is because portable printers for personal use have become much more popular in the past few years as they allow high quality printing from smartphones and tablets on the go. Many portable printer manufacturers are focusing on developing stylish and lightweight portable printers that can easily fit into bags for personal transportation.
PEST Analysis
Political: There are no significant political risks impacting the portable printer market currently. Most countries provide a stable regulatory environment for consumer electronics manufacturing and sales.
Economic: The global economic growth over the past few years has driven higher disposable income levels in many developing nations, increasing consumer spending on portable electronic devices. However, any slowdown in economic activity could impact sales of non-essential products like portable printers.
Social: Changing lifestyles and increased digital connectivity have significantly increased the adoption of portable consumer electronics globally. Many people now prefer printing documents, photos and more while traveling using portable printers connected to their smartphones.
Technological: Advancements in wireless connectivity technologies like Bluetooth and WiFi have enabled the development of compact and truly portable printers. Ongoing improvements in printing technologies and solutions like cloud printing are also expanding the capabilities of portable printers.
Key Takeaways
The global Portable Printer Market Growth is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis:
The Asia Pacific region is currently the largest as well as the fastest growing market for portable printers globally. Countires like China, India, and other Southeast Asian nations have seen tremendous economic development and digital transformation in the past decade. This has significantly increased the demand for portable consumer electronics including printers. Additionally, the young demographic profile and growing digital lifestyle in Asia Pacific enhance the demand.
Key players operating in the portable printer market are ABET Technologies, Asahi Spectra, Iwasaki Electric, Meyer Burger Technology, Newport Corporation. ABET Technologies leads the market with its wide range of compact and stylish portable printers compatible with all leading smartphones and tablets. Asahi Spectra also has a significant market share owing to its focus on developing advanced photo printers for outdoor and travel use.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
