The modern retail landscape is rife with opportunity while, at the same time, is throwing up many challenges. As we’re seeing an increasing shift towards to an omni-channel platform, customer demand has been on the rise and the level of competition in retail is high. To streamline the functions of a retail outlet, retails are forced to emphasise replenishment and smooth deliveries to provide customers with a satisfying experience. For those companies that haven’t kept up to date with what’s going on in retail and are failing to meet their market’s expectations, it could lead to a shrinking number of customers, who are instead trusting the World Wide Web to meet their needs. If these retail companies are looking to boost profits, they need to do anything they can to improve the customer experience. To keep their customer base, they will need to streamline operations and provide innovative solutions. Here is where retail printers can come into play.
New market report
A new international retail printers market report has been published by XPloreMR that goes into this market in some detail. Going beyond your basic black ink printer issues, such aspects as trends, opportunities, restraints, and drivers having an effect on the market are included in the report, and in the world’s key regions. Further, the report looks at an analysis covering 2012-16, along with market predictions for 2017-26. The international retail printers’ market has been projected to show a robust CAGRF. The value of the international retail printers market stood at close to US$2,850 million in 2017 and has been projected to rise to around US$5,000 million by the end of 2026.
Narrowing down further, mobile printers are expected to show a strong growth rate, with a 6.9 per cent of CAGR during the assessment period. Of course, that's not all that surprising when you consider the strength of mobile markets in other sectors. This sub-segment of the market is an attractive one in the international retail printers’ market. As Market Insights projects, the value of the sub-segment will reach close to US$ 2,050 by the end of 2026. That’s a significant drop-off from the highest sub-segment to the next highest sub-segment, with a projected value of almost US$1,700 million and a 6.4 per cent CAGR in 2016.
The report on the international retail printers market includes information on a number of the market’s major players, such as Postek Electronics Co., Ltd., TSC Auto Id Technology Co., Ltd., Brother Industries, Ltd., Star Micronics Co., Ltd., Oki Electric Industry Co., Ltd., Avery Dennison Corporation, SATO Holdings Corporation, Toshiba TEC Corporation, Honeywell International, Inc., and Zebra Technologies Corporation.