Printer is the most common computer accessory, with even home PC users buying one. The market for printers burgeoned along with widespread penetration of PCs over the last decade and a half. With printers getting compact and cheaper by the day, they are increasingly being popularized as a key accessory among PC buyers. Globally, computer printer sales are projected to exceed 54.4 million units by the year 2012.
San Jose, CA (PRWEB) November 3, 2008 -- Worldwide computer printer sales are projected to decline at a CAGR of 3.09% over the year 2002-2010, to reach 57 million in 2010. The decline is attributed to the growing demand for multi function peripherals, which could be used for printing, faxing, copying and scanning as well. Inkjet printers is the largest product segment with an estimated share of 49% in 2008 while color laser printers is projected to be the fastest growing product segment with a CAGR of 15.98% during the period 2002-2010.
Laser printer sales in the United States totaled an estimated 3.64 million units in 2007 and are estimated to reach 3.77 million units by 2008. Inkjet printer sales totaled an estimated US$156 million in 2007. HP is the undisputed leader in the German printers market in terms of volume sales with an estimated share of 44.12% in 2007 trailed by Lexmark, Canon, Epson and Kyocera.
Computer Printers: A Global Strategic Business Report
Within the inkjet printer market, the popularity of PC less printers has been rising during the past few years. The so-called PC-free printers are tailored to accept ubiquitous flash memory cards that are used in digital cameras. Growing popularity of PC-free printers is reflected in significantly higher growth rates exhibited by this segment, while overall volume sales of inkjet printers remained weak. The share of PC-free printers has been rising across all price bands within the inkjet printer segment. Volume growth within the higher end of the inkjet market is primarily being driven by this rapid growth in the PC-free printer sector. Further, growth in the photo and PC less printer sectors has enabled average prices of overall inkjet printers to remain relatively flat, despite the general trend towards lower-end products.
The report titled "Computer Printers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, challenges, and competition. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities. Market size estimates and projections are presented as sales in terms of volume and value (for select regional markets) over the years 2002 through 2010, while long-term projections are presented over the years 2011 through 2015. Product segments independently analyzed include Inkjet printers, Laser printers, Monochrome Laser printers, Color Laser printers and Impact printers. Analytics presented in this report are exclusively for single function printers and do not include Multifunction peripherals or products (MFPs). MFPs usually cover the function of fax machines, printers, copiers and scanners.
Key players profiled in the report include Brother Industries, Ltd., Canon, Inc., Dell, Inc., Fujitsu Limited, Hewlett-Packard Development Company L.P., Konica Minolta Business Solutions USA, Inc., Lexmark International, Inc., Oki Data Americas, Inc., Samsung Electronics Co., Ltd., Seiko Epson Corporation, and Xerox Corporation.
For more details about this research report, please visit http://www.strategyr.com/Compu...rs_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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