Global Multi-functional Printer Market – Introduction
- A multi-functional printer is a type of printer which incorporates the features and functionality of various machines and devices such as scanner, fax machines, photocopier etc. It is an ideal space-saving solution for businesses to increase efficiency. Multi-functional printer is also known as All-in-Ones (AIOs) and Multi-function device (MFD). Companies are offering multi-functional printers with highly user-friendly displays, which have touch screens similar to smartphones.
- People across the globe are experiencing home isolation due to the COVID-19 pandemic. Special stores, hypermarkets, and other shopping centers that were closed in the phase of lockdown have led to a rapid rise in sale of multi-functional printers through e-commerce websites and company-owned websites. However, corporate offices and educational institutes were not in operation due to lockdown in various countries. This is projected to hamper the sales of multi-functional printers in the year 2024.
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Rising online sale of multi-functional printers anticipated to create new opportunity for the multi-functional printer market
Increase in trend of selling multi-functional printers and other exclusive range of printers through online distribution channels, especially on company-owned websites and e-commerce websites across the globe is anticipated to create immense opportunities for manufacturers and distributors of multi-functional printers in the near future. Manufacturers and suppliers also provide attractive discounts and exclusive offers and schemes on e-commerce websites to drive the sale of their products and devices such as multi-functional printers.
Key Players Operating in the Multi-functional Printer Market
Prominent multi-functional printer companies are projected to witness tough competition during the forecast period. Brands such as Brother Industries, Ltd., Canon Inc., Hewlett Packard Enterprise Development LP, Seiko Epson Corporation, and Ricoh are investing heavily on research & development to introduce new technology equipped printers and launch an exclusive range of printers into the market. Companies are boosting awareness and conducting promotional drives to increase the demand for multi-functional printers in emerging economies across the globe. Key players operating in the global multi-functional printer market include:
- Brother Industries, Ltd.
- Canon Inc.
- Hewlett Packard Enterprise Development LP
- Seiko Epson Corporation
- Ricoh
- Xerox Corporation
- Eastman Kodak Company
- Dell
- Konica Minolta Business Solutions U.S.A., Inc.
- KOYCERA Corporation
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Global Multi-functional Printer Market – Research Scope
Global Multi-functional Printer Market, by Printer Type
- Inkjet Multi-functional Printer
- Laser Multi-functional Printer
Global Multi-functional Printer Market, by Type
- Color Multi-functional Printer
- Monochrome Multi-functional Printer
Global Multi-functional Printer Market, by Price
- High/Premium
- Medium
- Low
Global Multi-functional Printer Market, by End-use
- Residential
- Commercial
- Government & Corporate Offices
- Transportation Facilities (Metro Stations, Airports etc.)
- Logistics Centers
- Hospitals & Nursing Homes
- Educational Institutes
- Others (Utilities etc.)
Global Multi-functional Printer Market, by Distribution Channel
- Offline
- Specialty Stores
- Hypermarket/Supermarket
- Others (Other Retail Stores etc.)
- Online
- Company-owned Website
- E-commerce Websites
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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