Because novel coronavirus pneumonia epidemic situation’s impact, the global thermal printing market in 2020 has been seriously atrophied. In 2021, the market is expected to return to positive growth. According to the latest research report “the future of global heat sensitive printing market 2025″, a research report released by Smithers, an international famous research institution, shows that the global market size of thermal printing market (in terms of end-user price) is expected to be 34.11 billion US dollars in 2020. Compared with 2019, it is 6.2 percent smaller. In the same period, the sales revenue of printing equipment and consumables (receipts, tickets, labels, labels, ribbons and other printing media) accounted for 27.2% and 72.8% of the total scale of the global thermal printing market.
The novel coronavirus pneumonia epidemic in the Asia Pacific region is relatively small. The region’s heat sensitive printing market will shrink by 1.8% in 2020. Due to effective control of the epidemic, industrial production in Asia Pacific began to return to normal in the second quarter of 2020, and demand for thermal printing rebounded. China is the largest hot printing market in the Asia Pacific region.
The Asia Pacific region’s thermal printing market will reach $14.28 billion in 2021. In the next five years (2020-2025), the composite annual growth rate of the scale of the Asia Pacific thermal printing market will exceed 6.0%. In the same period, the composite annual growth rate of the global thermal printing market is 4.4%. By 2025, the world’s heat sensitive printing market will reach $42.3 billion.
Regional distribution change of global thermal printing market in 2015-2025 (%)
Source: Smithers Research Report “the future of global thermal printing market 2025″
The future market prospect of thermal printer is good. Although the sales of printers for tickets and labels will decrease due to the influence of electronic bills, wristbands and home printing, the increasingly popular use of terminal, barcode printers and mobile printers will expand the market space.
Thermal printing technology is facing competition from digital printing technology (jet printing and laser ink printing). In the field of color label printing (such as GHS label of hazardous chemicals), it is most likely to be affected by inkjet printing, while the application of on-demand color label in retail field is more easily replaced by laser printing.
According to the end use, the most widely used areas of thermal printing are commodity retail, production and manufacturing and transportation:
Retail sales will remain the largest segment of thermal printing. But the market growth rate in the next five years will be lower than the average growth rate of the global thermal printing market. In 2020, due to the substantial replacement of contactless card payment to physical payment, retail service providers will buy Mobile POS printers in large quantities. At the same time, e-commerce promotes the demand for distribution label printing.
In the later stage of production and manufacturing epidemic, once normal operation is resumed, the demand for thermal printing will increase rapidly. More and more robots are used in storage, inventory, control and parts selection, which will lead to the rapid increase of the number of mobile printing equipment carried and installed on the pallet carrier by factory employees.
The novel coronavirus pneumonia epidemic has been limited by international and domestic travel in 2020 and 2021. This not only results in the shrinking of orders for new thermal printing equipment, less related maintenance requirements, but also a sharp decrease in demand for thermal printing media.
In addition, in the field of medical and health care, heat sensitive printing is applied to the manufacture of patients’ wristband, identity card and other products. Many normal medical diagnoses will be suspended in 2020. As the epidemic subsides, the medical diagnosis that was delayed will continue, and the demand for the corresponding thermal printing products will be restored rapidly.
Post time: Mar-25-2021