"The Global Mobile Printer Market was valued at USD 1044.6million in 2018 and it is expected to reach more than USD 1834.65 million by 2025, likely to grow at a CAGR of 12.3 % during the forecast period."
The mobile printer also is known as a portable Printer. A mobile printer is a peripheral device used to generate hard copies of the data stored or gathered using digital devices via a universal serial bus (USB) or Bluetooth. Modern mobile printers perform tasks like barcode scanning and read RFID labels, printing invoices, receipts and tickets through a wireless network which can reduce the number of hidden costs. Today mobile printers are lightweight, easy to use, durable and offer good quality printing.
Compact size & on-demand printing capacity, flexibility, growth in internet penetration & rise in adoption of smart devices, the proliferation of online businesses such as e-commerce, growing mobile workforce management, and growing adoption of Bring your own device (BYOD) policy are the factors that contribute to the market growth. However, growing investments into digitization across the globe would be a factor that would limit the market growth to some extent.
Compact size, Flexibility & On-demand Printing Capacity driving the global mobile printer market.
The businesses are focusing on rapid expansion in terms of product offerings and services. This strategic movement involves greater mobility and flexibility in the documentation process and effective business operation. The mobile printer manufacturers have been aiming to ensure that their offering is compatible across various mobile platforms and document types. Reliability, quality, and high speed are among the key attributes necessary for mobile printing, and compatibility between the media and the printer is essential for superior performance. The proliferation of online businesses such as e-commerce and third-party logistics services to fuel portable printer market growth through the forecast period
Meanwhile, the rapid growth of smartphone users which is associated with mobile devices, especially in the workplace, coupled with the ease of mobile printing as compared to its traditional counterpart is expected to drive the market over the next few years.
Technological advancements in Digitization, Growth in Internet Penetration and security Across the Globe
Digitization leads to improved customer experience, increase marketing, sales & service effectiveness, improved transaction speed, and improved supplier relationship management.
The increase in internet penetration and WIFI connectivity across various nations, support digital storage, drives the demand for a portable printer. Many mobile printers come with Wi-Fi (IEEE 802.11) wireless interface which is most widely used which connects to LAN and offers multiple connections at a faster speed and greater range. These days’ mobile printers come along with inbuilt credit/debit card readers to facilitate payments faster, easier & secure. These printers also use short-ranged Bluetooth Technology which offers one-to-one connection to receive commands from smartphones or tablets. The main benefit is once paired they can communicate with each other at any point in time with improved security. The use of wireless technology instead of cables can also improve ergonomics and improves reliability.
Thermal based mobile printers captured the biggest market in the overall portable printer market.
The thermal-based mobile printers majorly used in logistics and retail industries. The thermal technology is ideal for printing due to high-quality print output and low maintenance of the equipment.
Retail, transportation and logistics segment accounted for the highest share in the mobile printer market
From the Industrial application segment, the retail, transportation and logistics segments attributed to growing need for maintaining data by tracking inventory through the bar-code and RFID tags, receipts, and invoices. Additionally, the inclination of the companies toward retailing and growth potential of e-commerce business is further expected to fuel the mobile printing market.
North America accounted for the largest market share in the mobile printer market
The mobile printer market in North America dominates all the other regions which are followed by Europe. The mobile printer market in the Asia Pacific is expected to grow due to an increase in demand for handheld devices, smartphones, and tablets. The mobile printer market in the Middle East and are among the potential markets but are tallied after Europe and the Asia Pacific.
Apple Inc. has integrated AirPrint into its operating system which allows users to print documents in a simple and intuitive manner. This also provides a high degree of efficiency to end-users, who do not need to install an additional service on the company’s flagship products such as iPhone and iPad.
The key players of mobile printer market includes Apple Inc.(U.S.), Samsung(South Korea), Xerox (U.S.),BIXOLON(South Korea),Hewlett-Packard (U.S.), Canon Inc. (Japan), Honeywell International Inc. (U.S.), Seiko Epson Corporation (Japan), Toshiba Tec Corporation (Japan), Zebra Technologies (U.S.), Polaroid Corporation (U.S.), Brother Industries, Ltd., (Japan), Printek (U.S.), Star Micronics Co., Ltd. (Japan) and others.
Global Mobile printer Market Segment:
The Global mobile printer market is segmented based on Technology, Industry applications, and geography:
Mobile Printer Market, By Technology
Mobile Printer Market, By Industry Application
Transportation & Logistics
Mobile Printer Market, By Geography
Middle East and Africa