Thermal Printing Market

Thermal Printing Market Overview

Thermal printing is a process of digital printing and is generated by the use of a printer that is integrated with a thermal print head which comprises of hundreds of small dots that translates the electrical energy into heat. In this process, the heat is transferred from a thermal print head to a thermal paper that is treated chemically. The heating elements develop text and graphics, which leads to the occurrence of a thermochemical reaction that makes the text and graphics visible.  A thermal printer is used for thermal printing, that uses heat in order to generate an image on the paper.

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Major Thermal Printing Market Drivers

The factors responsible for fuelling the growth of the global thermal printing market includes the rising technological advancements that include smart printing technologies leading to enhanced speed & quality along with increasing implantation of wireless technologies in mobile printers. In addition to this, the increasing adoption of thermal printing across several applications including healthcare & hospitality and retail sector along with rising population & industrialization and increasing penetration of thermal barcode & RFID printers in the supply chain and e-commerce industry will create numerous growth opportunities in the market.

The thermal printing technology offers remarkable benefits such as increased printing speed, increased image quality and easy to use, suitable for the noise-free environment, enhanced efficiency and increased durability as compared with the other printers. The advent of IoT technology in the printing applications followed by the increasing adoption of automatic identification and data capture technologies will have a positive impact on the market over the coming years. The factors responsible for hindering the growth of the global thermal printing market include the issue faced regarding the heat setting of thermal barcode printers and stringent regulations of printing across regions.

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Based on the printer type, the Barcode Printers segment is expected to grow at a higher CAGR over the forecast period owing to the high adoption of such printers across various application areas as a result of their enhanced-performance delivery, high-speed and cost-effective properties. In addition to this, the increasing use of barcode printers in all types of businesses and retail sector as it enables the businesses to track and label the products that are to be shipped is also a factor driving the market growth of this segment.

Based on the application, the Healthcare & Hospitality segment is anticipated to increase at a higher CAGR during the forecast period as a result of the increasing usage of thermal printing in this application. The challenge faced by the healthcare facilities in continuously replacing and maintaining the expensive equipment leads to an increase in the adoption of inexpensive thermal printers as they help in offsetting these costs. The ability of thermal printers to print labels and tags which are suitable for several healthcare processes and enables the sector to enhance the bed utilization and patient flow is also a key factor propelling the market growth in this segment.

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Regional – Segment Analysis

Based on the region, North America is anticipated to grow at a higher CAGR during the forecast period owing to the high adoption of thermal printing across several application areas including healthcare & hospitality, retail, and other sectors. In addition to this, the large presence of several manufacturing giants also drives the market growth in this region.

Top Market Players

Various notable players operating in the market include, Honeywell International Inc., Zebra Technologies, Star Micronics Co., Ltd., Sato Holdings Corporation, Seiko Epson Corporation, Fujitsu Ltd., Bixolon, Toshiba TEC Corporation, Brother Industries, Ltd., and TSC Auto ID Technology, among others.

Key Developments: 

• • In 2020, Sato Holdings Corporation launched a thermal industrial printer named CL4NX Plus; the printer is developed to improve dependability and durability in the business-critical track and trace operations all across the world.
  • In 2018, Zebra Technologies launched next-generation thermal desktop printers. These printers are empowered by Print DNA, which is a software suite comprising of utilities, applications, and developer tools. Such printers enable the companies to detect and analyze the performance and status of their printer fleet in real-time.

Segments covered in the Report:

The global thermal printing market has been segmented on the basis of offering, printer type, format type, printing technology, application, and region. Based on the offering, the market is segmented into supplies and printers. The supplies segment is further categorized into thermal transfer supplies, direct thermal supplies, and dye diffusion thermal transfer supplies. The printer segment is further segmented into components of thermal printers, which is further segmented into platens, thermal heads, springs, and controller boards. Based on the printer type, the market is segmented into POS printers, barcode printers, RFID printers, kiosk & ticket printers, and card printers. Based on the format type, the market is segmented into desktop format printers, industrial format printers, and mobile format printers. Based on the printing technology, the market is segmented into thermal transfer, direct thermal, and dye diffusion thermal transfer. Based on the application, the market is segmented into transportation & logistics, retail, manufacturing & industrial, government, healthcare & hospitality, and others.

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Key questions answered in this research report:

• • At what pace is the global thermal printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global thermal printing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global thermal printing market?
  • Which printer type generated maximum revenues in 2019 and identify the most promising printer type during the forecast period?
  • What are the various application areas in thermal printing and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Printer Type, By Format Type, By Printing Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., Zebra Technologies, Star Micronics Co., Ltd., Sato Holdings Corporation, Seiko Epson Corporation, Fujitsu Ltd., Bixolon, Toshiba TEC Corporation, Brother Industries, Ltd., and TSC Auto ID Technology, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Thermal Printing Market by Offering

• • Supplies
    • Thermal Transfer Supplies
    • Direct Thermal Supplies
    • Dye Diffusion Thermal Transfer Supplies
  • Printers
    • Components of Thermal Printers
      • Platens
      • Thermal heads
      • Springs
      • Controller boards

Global Thermal Printing Market by Printer Type

• • POS Printers
  • Barcode Printers
  • RFID Printers
  • Kiosk & Ticket Printers
  • Card Printers

Global Thermal Printing Market by Format Type

• • Desktop Format Printers
  • Industrial Format Printers
  • Mobile Format Printers

Global Thermal Printing Market by Printing Technology

• • Thermal Transfer
  • Direct Thermal
  • Dye Diffusion Thermal Transfer

Global Thermal Printing Market by Application

• • Transportation & Logistics
  • Retail
  • Manufacturing & Industrial
  • Government
  • Healthcare & Hospitality
  • Others

Global Thermal Printing Market by Region

• • North America Thermal Printing Market (Option 1: As a part of the free 25% customization)

    • North America Thermal Printing Market by Offering
    • North America Thermal Printing Market by Printer Type
    • North America Thermal Printing Market by Format Type
    • North America Thermal Printing Market by Printing Technology
    • North America Thermal Printing Market by Application
    • US Thermal Printing Market All-Up
    • Canada Thermal Printing Market All-Up

  • Europe Thermal Printing Market (Option 2: As a part of the free 25% Customization)

    • Europe Thermal Printing Market by Offering
    • Europe Thermal Printing Market by Printer Type
    • Europe Thermal Printing Market by Format Type
    • Europe Thermal Printing Market by Printing Technology
    • Europe Thermal Printing Market by Application
    • UK Thermal Printing Market All-Up
    • Germany Thermal Printing Market All-Up
    • France Thermal Printing Market All-Up
    • Spain Thermal Printing Market All-Up
    • Rest of Europe Thermal Printing Market All-Up

  • Asia-Pacific Thermal Printing Market (Option 3: As a part of the free 25% Customization)

    • Asia-Pacific Thermal Printing Market by Offering
    • Asia-Pacific Thermal Printing Market by Printer Type
    • Asia-Pacific Thermal Printing Market by Format Type
    • Asia-Pacific Thermal Printing Market by Printing Technology
    • Asia-Pacific Thermal Printing Market by Application
    • China Thermal Printing Market All-Up
    • India Thermal Printing Market All-Up
    • Japan Thermal Printing Market All-Up
    • Rest of APAC Thermal Printing Market All-Up

  • RoW Thermal Printing Market (Option 4: As a part of the free 25% Customization)

    • RoW Thermal Printing Market by Offering
    • RoW Thermal Printing Market by Printer Type
    • RoW Thermal Printing Market by Format Type
    • RoW Thermal Printing Market by Printing Technology
    • RoW Thermal Printing Market by Application
    • Brazil Thermal Printing Market All-Up
    • South Africa Thermal Printing Market All-Up
    • Saudi Arabia Thermal Printing Market All-Up
    • UAE Thermal Printing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Thermal Printing Market All-Up

Global Thermal Printing Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Zebra Technologies
  • Star Micronics Co., Ltd.
  • Sato Holdings Corporation
  • Seiko Epson Corporation
  • Fujitsu Ltd.
  • Bixolon
  • Toshiba TEC Corporation
  • Brother Industries, Ltd.
  • TSC Auto ID Technology