As the competition in the retail sector is becoming more and more intense, retailers are concentrating on offering a personalized experience to their customers which streamlines their activity in the store and offers them a pleasant experience, thus keeping their loyalty and increasing store footfalls. Because of the installation of printers in retail stores, retailers can offer their customers a variety of customer-centric campaigns, such as giving them discount vouchers along with their bills.
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The present-day retail environment is both brimming with huge possibilities and poses many challenges as well. As they move towards shifting to an omnichannel platform that gathers steam in retail, customers have become increasingly demanding and the competition in the retail landscape is stiff. In order to streamline the functions of any retail outlet, retailers have to focus on replenishment and seamless deliveries in order to make the experience of their customers in the store smooth and satisfactory.
Such printing terminals also enable retailers to offer various loyalty programs to their customers, increasing the frequency of customer visits and subsequently, the sales and revenue margins. Also, by streamlining their operations, retailers can switch over to the omnichannel platform, giving their customers more options and enabling them to buy products from their stores through a variety of channels. This helps retailers fulfill the high expectations of their customers, helping them expand their business and offer a happy and unforgettable experience to their customers.
Global Retail Printers Market: Forecast Analysis
Future Market Insights presents a new research report titled ‘Retail Printers Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2026’ that includes an analysis of the various segments of this market across the important regions in the world. As per this research report, the global retail printers market is expected to grow at a robust CAGR during the period of assessment and is projected to reach a market value of nearly US$ 5,000 Mn by 2026.
Market Taxonomy
The market taxonomy of the global retail printers market is presented to give a holistic picture of this market and ensure that all the segments and sub-segments of this market are properly represented. This market taxonomy also helps the report readers acquire a logical interpretation of the market numbers presented in this report.
Global Retail Printers Market: Segmentation Insights
The global retail printers market is segmented based on product type, technology, application, and region.
- By-product type, mobile printers are the largest sub-segment in terms of value and are expected to exhibit a CAGR of 6.9% during the assessment period of 2017-2026
- By technology, the direct transfer paper printer sub-segment is the largest sub-segment in terms of value, and is likely to be valued at nearly US$ 2,000 Mn at the end of the year 2026 and is poised to exhibit a CAGR of 7.3% during the assessment period
- By application, the supermarkets sub-segment is the largest in terms of value and is likely to exhibit a CAGR of 6.7% during the period of assessment
- By region, North America is expected to lead the global retail printers market in terms of revenue, exhibiting a CAGR of 6.5% during the period of assessment
Mobile printers sub-segment to dominate the product type category in the global retail printers market
The mobile printers sub-segment in the product type category is expected to exhibit a robust growth rate and register a CAGR Of 6.9% during the period of assessment. This segment is highly attractive in the product type category in the global retail printers’ market. As per the assessment of Future Market Insights, the mobile printers sub-segment is poised to reach a value of nearly US$ 2,050 Mn at the end of the year 2026.
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Global Retail Printers Market: Competitive Landscape
The research report on the global retail printers market has an entire section devoted to studying the competitive landscape of this market in which the key players operating in the market are profiled. This section also has important information about these companies, such as the company overview, key financials, geographical reach, SWOT analysis, key strategies, etc. The companies that have been profiled in this research report include Honeywell International, Inc., Postek Electronics Co., Ltd., Avery Dennison Corporation, Zebra Technologies Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Toshiba TEC Corporation, Brother Industries, Ltd., Star Micronics Co., Ltd. and SATO Holdings Corporation.