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Thermal Printer Market to Reach US$ 4.5 Bn by 2028 - Persistence Market Research

NEW YORK, June 4, 2018 /PRNewswire/ --

Speed, Efficiency, & Cost Superiority to Dictate Faster Growth in Adoption of Direct Thermal Printers over Thermal Transfer Printers

Widespread penetration of RFID tags used on barcodes currently pose a challenge to thermal printer sales, as the RFID technology enables remote tracking of products. A majority of manufacturers tend to prefer RFID tagging over other alternatives, owing to their readability and password protection. However, significant rise in the demand for the printing of barcode, ticket, and receipt will reportedly bring in attractive opportunities for thermals printer manufacturers, more prominently in developing countries of Asia Pacific.

In terms of value, the global thermal printer market is projected to thrive at a CAGR of 6.6% during the forecast period 2018-2028, reaching a value beyond US$ 4.5 billion by 2028 end.

Thermal Printer Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/thermal-printer-market.asp

The Need for Compact, Convenient, Cost-effective Thermal Printing Solution Persists 

High demand for mobile printers is prominently fuelling the growth of thermal printers market. As mobile thermal printers are available at cheaper costs compared to their desktop and industrial counterparts, it is likely that mobile printers will continue to gain higher traction throughout the forecast period. Retailers and wholesalers are expected to remain more inclined towards mobile printers, as they are compact, efficient, and deliver high performance.

High Speed & Cost Efficiency Enable Direct Thermal Printers to Witness Growing Traction 

On the basis of product type, the market is currently witnessing higher sales of thermal transfer printers. Though .. click for more..