서멀 프린팅 시장 규모 : 프린터 유형별, 포맷 유형별, 인쇄 기술별, 용도별, 지역별(2024-2031년)

Thermal Printing Market Valuation - 2024-2031

Increasing demand for a large number of labels and receipts in the e-commerce industry is boosting the demand for efficient and cost-effective thermal printing solutions. As a result, the rapid expansion of e-commerce and online transactions is a significant driver of the Thermal Printing Market. The market was valued at USD 48.36 Billion in 2024 and reach a valuation of USD 68.51 Billion by 2031.

Manufacturers are introducing eco-friendly thermal solutions such as linerless labels, recyclable paper, and low-energy printing technologies to curb the impact of customers as well as businesses on the environment, thereby propelling the growth of the market. The market is projected to grow at a CAGR of approximately 4.45% from 2024 to 2031.

Thermal Printing Market: Definition/ Overview

Thermal printing is a digital printing technology that produces images by applying heat to a specially coated medium, typically thermal paper. This process involves a thermal print head, which contains tiny electrically heated elements that selectively heat the surface of the thermal paper, causing a chemical reaction in the thermochromic coating that turns it black in the heated areas, thus forming the desired image or text. There are two main methods of thermal printing: direct thermal printing, where the heat is applied directly to the thermal paper, and thermal transfer printing, which uses a heat-sensitive ribbon that melts onto the substrate to create a more durable print.

Thermal printing is widely used in various applications, including receipts, shipping labels, and medical records, due to its speed, efficiency, and minimal maintenance requirements. However, direct thermal prints can fade over time when exposed to light and heat, while thermal transfer prints offer greater durability and resistance to environmental factors.

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How are Technological Advancements in Thermal Printing Influencing Market Growth?

Technological advancements in thermal printing are significantly influencing market growth by enhancing the efficiency, versatility, and sustainability of thermal printing solutions across various industries. Innovations such as improved print head technology have led to higher resolution outputs, allowing for the production of detailed images and barcodes essential for applications in retail, logistics, and healthcare. The introduction of multi-color printing capabilities has expanded the range of applications, enabling businesses to create vibrant labels and receipts that enhance branding and customer engagement.

Moreover, advancements in materials, such as the development of more durable and environmentally friendly thermal papers and ribbons, have addressed previous concerns regarding print longevity and environmental impact. These innovations not only improve the quality and durability of prints but also align with the growing emphasis on sustainability in business practices, thus attracting environmentally conscious consumers and organizations.

The integration of wireless printing and cloud-based solutions further enhances operational flexibility, allowing businesses to print from mobile devices and remote locations, which is particularly beneficial in sectors like healthcare and logistics where mobility is crucial.

How do High Initial Setup Costs Impact the Adoption of Thermal Printing Technology?

High initial setup costs can significantly impact the adoption of thermal printing technology, as these costs may deter potential users from investing in such systems. For instance, Thermal printer maintenance costs typically range from 2% to 5% of the initial purchase price annually. While thermal printers are known for their long-term cost-effectiveness due to lower operational and maintenance expenses, the upfront investment required for purchasing the equipment can be a barrier, especially for small businesses or startups with limited budgets.

Thermal printers often have higher initial prices compared to traditional printing technologies, which can lead businesses to hesitate in making the switch, despite the advantages of speed, efficiency, and reduced consumable costs over time. Additionally, the need for specialized thermal paper or ribbons further adds to the initial investment, which can be a consideration for organizations evaluating their printing options.

Moreover, the perceived risk associated with high upfront costs may lead businesses to opt for cheaper alternatives, even if those alternatives may incur higher long-term costs due to maintenance and consumables. This reluctance can slow the overall market growth for thermal printing technology, particularly in sectors where budget constraints are a significant concern.

Category-Wise Acumens

What Role does Affordability Play in the Popularity of Desktop Thermal Printers?

Affordability plays a crucial role in the popularity of desktop thermal printers, significantly influencing their adoption across various industries. The initial cost of purchasing thermal printers can be a barrier for many small and medium-sized businesses. However, the long-term cost savings associated with thermal printing technology often make it an attractive option. Unlike traditional inkjet or laser printers, thermal printers do not require expensive ink or toner cartridges, which reduces ongoing operational costs. This advantage is particularly appealing to businesses that need to print labels, receipts, or barcodes frequently, as the cumulative savings on consumables can be substantial over time.

Additionally, the compact design and user-friendly operation of desktop thermal printers make them suitable for environments with limited space, such as retail counters or small offices. The ability to quickly produce high-quality prints at a lower cost enhances their value proposition, making them a preferred choice for businesses looking to optimize their printing processes without incurring high expenses.

Why is Thermal Printing the Preferred Choice for Receipts in the Retail Industry?

Thermal printing is becoming a preferred choice for receipts in the retail industry due to several key advantages that enhance operational efficiency and customer satisfaction. One of the primary benefits is speed and efficiency; thermal printers can produce receipts rapidly, significantly reducing wait times for customers at checkout. Thermal printers can print up to 250 mm per second, significantly faster than dot matrix printers which typically print at 40-50mm per second. This quick printing capability is crucial in high-traffic retail environments, where minimizing delays can lead to improved customer experiences and increased sales throughput.

Additionally, thermal printers produce high-quality prints that are clear and legible, which is essential for transaction records. The absence of ink means there are no smudges or fading, ensuring that important information such as prices, discounts, and barcodes remain readable for customers and staff alike.

Thermal Printing

Market Report Methodology

Country/Region-wise Acumens

What Factors Contribute to North America's Leading Position in the Global Thermal Printing Market?

North America's leading position in the global thermal printing market is driven by several key factors. The region has a strong demand for thermal printing solutions across various sectors, including retail, transportation and logistics, manufacturing, and healthcare. The rapid growth of e-commerce has significantly increased the need for efficient labeling and receipt printing, fueling the adoption of thermal printers. Retailers in North America are focused on enhancing customer experiences through faster checkout processes, making the speed and efficiency of thermal printing a critical advantage. For instance, according to survey, Approximately 60% of North American manufacturers use thermal printing technology for barcode labeling and tracking.

Additionally, the presence of major thermal printer manufacturers, such as Zebra Technologies, Honeywell International, and NCR Corporation, in the region contributes to its market leadership. These companies not only provide a wide range of thermal printing solutions but also invest heavily in research and development to innovate and improve their products. North America's technological advancements in thermal printing, including the integration of wireless technologies and automation in printing processes, further solidify its position as a leader in the global market.

In What Ways is the Adoption of Advanced Thermal Printing Solutions Contributing to Market Growth in Europe?

The adoption of advanced thermal printing solutions is significantly contributing to market growth in Europe through several key factors. Firstly, there is a growing emphasis on sustainability, with many businesses in Western Europe adopting eco-friendly thermal printing practices that utilize recyclable materials and energy-efficient technologies. This shift aligns with the increasing consumer demand for environmentally responsible products and practices.

Additionally, the integration of advanced connectivity features, such as wireless and cloud-based printing capabilities, enhances operational efficiency by enabling seamless printing from various devices and platforms. This flexibility is particularly beneficial in sectors like retail and logistics, where quick and reliable printing is essential.

Competitive Landscape

The competitive landscape of the thermal printing market is characterized by the presence of several key players is influenced by the continuous innovation and technological advancements in the field. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Some of the prominent players operating in the thermal printing market include:

Seiko Epson Corporation

TSC Auto ID Technology Co., Ltd.

Zebra Technologies Corporation

SATO Holdings Corporation

Honeywell International,

Citizen Holdings Co., Ltd.

Argox Information Co., Ltd.

Godex International Corporation

Anysun Corporation

Brother Industries, Ltd.

Toshiba Tec Corporation

Avery Dennison Corporation

NIPPON PAPER INDUSTRIES CO., LTD.

Ricoh Company, Ltd.

POSBANK Technology Co., Ltd.

Cheng Uei Precision Industry Co., Ltd.

Xinye Technologies Co., Ltd.

PAX Global Technology Ltd.

TSC Printronex

TEC America, LLC

Latest Developments

In December 2023, Epson announced its new OmniLink GL-S700 and GL-T700 label printers, which use breakthrough "linerless" technology to eliminate the requirement for backing paper, decreasing waste and saving resources.

In December 2023, Honeywell demonstrated its new IntelliJet Pro printers, which use AI to improve print quality, predict maintenance needs, and increase operational efficiency.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL THERMAL PRINTING MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL THERMAL PRINTING MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework

5 GLOBAL THERMAL PRINTING MARKET, BY FORMAT TYPE

• 5.1 Overview
• 5.2 Industrial Format
• 5.3 Desktop Format
• 5.4 Mobile Format

6 GLOBAL THERMAL PRINTING MARKET, BY OFFERING

• 6.1 Overview
• 6.2 Printer
• 6.3 Supplies
  • 6.3.1 Direct Thermal (DT) Supplies
  • 6.3.2 Thermal Transfer (TT) Supplies
  • 6.3.3 Dye Diffusion Thermal Transfer (D2T2) Supplies

7 GLOBAL THERMAL PRINTING MARKET, BY PRINTER TYPE

• 7.1 Overview
• 7.2 Barcode Printers
• 7.3 POS Printer
• 7.4 Kiosk & Ticket Printers
• 7.5 RFID Printers
• 7.6 Card Printers

8 GLOBAL THERMAL PRINTING MARKET, BY PRINTING TECHNOLOGY

• 8.1 Overview
• 8.2 Direct Thermal (DT)
• 8.3 Dye Diffusion Thermal Transfer (D2T2)
• 8.4 Thermal Transfer (TT)

9 GLOBAL THERMAL PRINTING MARKET, BY APPLICATION

• 9.1 Overview
• 9.2 Manufacturing and Industrial
• 9.3 Healthcare and Hospitality
• 9.4 Transportation and Logistics
• 9.5 Government
• 9.6 Retail
• 9.7 Others

10 GLOBAL THERMAL PRINTING MARKET, BY GEOGRAPHY

• 10.1 Overview
• 10.2 North America
  • 10.2.1 U.S.
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 U.K.
  • 10.3.3 France
  • 10.3.4 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 China
  • 10.4.2 Japan
  • 10.4.3 India
  • 10.4.4 Rest of Asia Pacific
• 10.5 Latin America
  • 10.5.1 Brazil
  • 10.5.2 Argentina
• 10.6 Rest of the World

11 GLOBAL THERMAL PRINTING MARKETCOMPETITIVE LANDSCAPE

• 11.1 Overview
• 11.2 Company Market ranking
• 11.3 Vendor Landscape
• 11.4 Key Development Strategies

12 COMPANY PROFILES

• 12.1 Zebra Technologies
  • 12.1.1 Overview
  • 12.1.2 Financial Performance
  • 12.1.3 Product Outlook
  • 12.1.4 Key Developments
• 12.2 Sato Holdings
  • 12.2.1 Overview
  • 12.2.2 Financial Performance
  • 12.2.3 Product Outlook
  • 12.2.4 Key Developments
• 12.3 Epson
  • 12.3.1 Overview
  • 12.3.2 Financial Performance
  • 12.3.3 Product Outlook
  • 12.3.4 Key Developments
• 12.4 Star Micronics
  • 12.4.1 Overview
  • 12.4.2 Financial Performance
  • 12.4.3 Product Outlook
  • 12.4.4 Key Developments
• 12.5 Honeywell
  • 12.5.1 Overview
  • 12.5.2 Financial Performance
  • 12.5.3 Product Outlook
  • 12.5.4 Key Developments
• 12.6 Bixolon
  • 12.6.1 Overview
  • 12.6.2 Financial Performance
  • 12.6.3 Product Outlook
  • 12.6.4 Key Developments
• 12.7 Fujitsu
  • 12.7.1 Overview
  • 12.7.2 Financial Performance
  • 12.7.3 Product Outlook
  • 12.7.4 Key Developments
• 12.8 Brother International
  • 12.8.1 Overview
  • 12.8.2 Financial Performance
  • 12.8.3 Product Outlook
  • 12.8.4 Key Developments
• 12.9 Toshiba Tec
  • 12.9.1 Overview
  • 12.9.2 Financial Performance
  • 12.9.3 Product Outlook
  • 12.9.4 Key Developments
• 12.10 TSC Auto ID Technology
  • 12.10.1 Overview
  • 12.10.2 Financial Performance
  • 12.10.3 Product Outlook
  • 12.10.4 Key Developments
  • 12.10.5

13 APPENDIX

• 13.1 Related Research