Thermal Transfer Printer Market

The global Thermal Transfer Printer market was valued at USD 33.51 Billion in 2020 and is projected to reach USD 45.23 Billion by 2028, growing at a CAGR of 3.82% from 2021 to 2028.

Direct thermal printers are most commonly used to print items such as receipts and shipping labels. Thermal transfer printers use a thermal print head to transfer a solid ink from a ribbon onto a label supply (usually made from vinyl, polyester, nylon, or other thicker materials) to produce a permanent print.

The global Thermal Transfer Printer market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the global Thermal Transfer Printer market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report includes an exhaustive analysis of Thermal Transfer Printer industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain among others.

The rising utilization of automatic identification and data capture technologies for improving productivity and rising penetration of wireless technologies in mobile printers is anticipated to augment the growth of the thermal transfer printer market over the forecast period. 

In addition to that, the growing concerns regarding product safety and anti-counterfeiting is also expected to support the growth of the market in the years to come.

The poor image quality of barcode labels is expected to hamper the growth of the market over the forecast period.

Product  Analysis: Preview

On the basis of Product, the market is segmented into Industrial Printers, Desktop Printers, Mobile Printers,. Industrial Printers held the highest share in the global Thermal Transfer Printer market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Residential, Commercial, Utility scale,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Analysis: Preview

Based on , the market is segmented into . dominates the global Thermal Transfer Printer market and is expected to continue the same trend from 2021 to 2028. 

Geographically, the global Thermal Transfer Printer market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2016–2028. In addition to that the report analyses Thermal Transfer Printer market at country-level hence the regional study is further bifurcated into key country-level markets from each region. Asia Pacific is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan.   

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global Thermal Transfer Printer market are Zebra, Kortho Coding & Marking, Cab Produkttechnik, MULTIVAC, SES-STERLING, SATO, Brady Worldwide, ESPERA-WERKE GMBH, EPSON, Bixolon, TE Connectivity Ltd, TSC, QuickLabel Systems, Marcopack SL, TOSHIBA TEC, Easyprint, Deltaohm, Videojet Technologies, PRECIA SA, Wasp Barcode Technologies.. The global Thermal Transfer Printer market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global Thermal Transfer Printer market was valued at USD 33.51 Billion in 2020
• The global Thermal Transfer Printer Market is projected to reach USD 45.23 Billion by 2028
• Asia Pacific held the highest share of the Thermal Transfer Printer market in 2020
• Some of the major companies operating in the Thermal Transfer Printer market are Zebra, Kortho Coding & Marking, Cab Produkttechnik, MULTIVAC, SES-STERLING, SATO, Brady Worldwide, ESPERA-WERKE GMBH, EPSON, Bixolon, TE Connectivity Ltd, TSC, QuickLabel Systems, Marcopack SL, TOSHIBA TEC, Easyprint, Deltaohm, Videojet Technologies, PRECIA SA, Wasp Barcode Technologies.