An article discusses the monochrome market growth in specific sectors.
TMR Researching reported that in sectors such as retail, education and government the demand for paperwork has led to the “need” for monochrome printers and that this along with the publishing industry has boosted the market growth.
It was also noted that the e-commerce sector has “spurred the demand” and that people want user friendly printing solutions “solutions among workplace supplies and for office stationery” and that this is a key factor driving the market. According to TRM many manufacturers are launching “customisable solutions to meet the demand for specific workflows in various office environments” and that the demand for “larger-volume print environments in workplace is expected to boost the market in the coming years”.
The labelling industry has also boosted the demand because of online ordering popularity and the need for secure labels to ensure delivery to the customer and enable tracking of packages. The article also said that “The increasing popularity of other substitute printing technology and the need for high investment required for office supplies are key factors likely to impede the market growth to an extent” but that there is still a big field for “market players to capitalise on” with “lucrative growth avenues”.
The most notable markets for monochrome printers is North America and the growth is due to the demand for “larger-volume print environments in workplaces and major technological advancements” and there are expectations that the Asia Pacific market will also grow.
It was noted that there are several key players launching “customisable and affordable business solutions” which are targeting “different end use industries”. Those vying for prominent places in the global monochrome market are namely Inca Digital Printers Ltd, Ricoh, Kodak, EFI, Konica Minolta, Canon, Xerox and HP Inc.