The Global Digital Laser Copiers Market Is Expected To Grow At Approx. USD 4.43 Billion By 2030, At 12.23% Of CAGR Between 2023 And 2030.

Digital Laser Copiers Market Overview

The rising need for technologically enhanced printing solutions to improve the efficiency of workflow is the primary factor driving the market for digital laser copiers. Digital laser copiers are most effective when run by electrical models, which also contribute to an increased level of accurate printing across the board. Resolutions of up to 600 dots per inch are available to be provided by the Digital Laser Copiers. The requirement for high-resolution and augmented printing has increased due to the fact that commercial operations are currently focused on improving their dynamics. The increasing need for digital documents in industries such as printing textiles and packaging will drive expansion in the market for digital laser copiers.

The global market for digital laser copiers is projected to reach around 4.43 billion US dollars by the year 2030, with a compound annual growth rate (CAGR) of 12.23% between the years 2023 and 2030. Digital laser copiers have the ability to print in big volumes while maintaining a high level of quality throughout the process. They are thus cost-effective, which is one of the aspects that is also driving the expansion of the market for digital laser copiers.

Market Dynamics

Drivers

Value-added services, such as graphic design, consulting, and data management, help suppliers make new products. With the help of value-added services, the suppliers will be able to combine multiple printing tasks into one. Aside from that, industries like retail, financial services, food, beverage, and others drive the Digital Laser Copiers Market a lot. So, on-demand printing of materials, packaging, digital printing, and printing in wide format can be seen as a major driver of the laser printing market.

Also, more people are concerned about the environment, so more and more people are using print materials that are better for the environment. Products made with soy ink are inexpensive and help suppliers control their carbon footprints.

Opportunities

In the future, features like web-to-print will be a part of the market for digital laser copiers. With these services, print designers will be able to send documents to be printed to the cloud, where they can be printed by the closest printer. Because of advances in technology, businesses will be able to print enough copies of commercial items without having to wait for delivery.

By using cloud-based services and other technological tools for everything from communication to printing, devices can work faster and cost less to run and send. Also, 3-D printing services have grown because they are more noticeable than flat-sheet printing. So, companies in the Digital Laser Copiers market can make their printing machines into 3-D printers to keep up with the rising demand.

Automation of the process from computer to print plate will lead companies to move into digital channels. As it will be easy for the designer to send files to the electric plates without going through anyone else.

Restraints

Since digitization has grown, companies that make Digital Laser Copiers might lose money. Companies and customers might switch to products that save money and don't use paper, such as e-vouchers, e-catalos, and online tools that target customers. Also, the development of eco-friendly materials will raise the prices of feedstock in the short term, because there are fewer people who make soy ink and a lot of people who want to buy it. The prices of solvents, paper-based materials, and other outside factors have a big effect on the Digital Laser Copiers Market. The prices of raw materials change a lot, which makes it riskier for manufacturers in the laser printing market.

Challenges

Digital tools that are cheap and can be used in a shorter amount of time are becoming more popular. So, there may be a big effect on the need for things to be printed on paper. Also, makers of digital laser copiers are under pressure to make sure they are good for the environment, which costs money. Eco-friendly items are expensive and only sold by a small number of stores because they are still being made. The price of laser printing goes up because of this. Digital Laser Copiers that are used in businesses also have high maintenance and capital costs, which can slow the growth of the market for Digital Laser Copiers. Also, the number of marketing campaigns has gone down because more businesses are using digital billboards, signs, and other digital promotional items.

Cumulative Growth Analysis

Marketing is the main focus of organisations and other people who buy laser printing products. This includes print channels and vendors who are getting services that will help the laser printing market grow. Also, there are new, better ways to pay that will make it possible for manufacturers to get their money faster. As digital capabilities improve, manufacturers in the Digital Laser Copiers market will be able to get printed products to customers faster and on demand.

Segment Overview

Digital Laser Copiers Market can be segmented into type and user which is split into single and multi-function.  Multi-function printers are estimated for holding the largest market share at a growth rate. There has been an increasing trend in the market for multi-function amongst industry verticals, printing vendors, and government.

By Type: Single-Function and Multi-function

By End Users: Individuals, SMEs, large enterprises, government and others.

Regional Analysis

North America is thought to be the best market sector because more people there use consumer electronics and other forms of communication technology. There have been a lot of important technological advances in this area, which has led to cheaper ways to print, which will be the driving force behind the market's growth. As a result of government policies and support, the North American laser printing market is expected to grow.

Asia-Pacific will be the second most important area for the growth of the digital laser copier market. Because demand from retail, transportation, and other sectors is expected to rise over the next few years. In the coming years, demand will also rise in Europe and other parts of the world.

Scope Analysis:

Competitive Landscape

Major Key players in this market are Samsung, Canon, HP, Fuji Xerox, Seiko Epson Corp, OKI Electric, Lexmark International, Kyocera Corporation, Ricoh, Konica Minolta, and Eastman Kodak.

Recent Developments

• HP and Epson are developing technologies for pushing the sale of both inkjet and Digital Laser Copiers. There is a high growth market for A3 devices as 11x 17 inches of paper prints are higher in demand.  Cannon launched Image Runner Advance for meeting the demands in the A3 segments. Xerox has also introduced 17 A3 printers in alignment with increasing demand. Konica Minolta has acquired All Covered for expanding its services in cloud platforms. HP has also acquired the printing segment of Samsung for around $1.05 billion.
• February 23, 2022 — Today, HP Inc. introduces the HP LaserJet Tank MFP 2600s, created for entrepreneurs and small business owners looking for reliable, cost-efficient resources in all facets of their business. Given the significant growth of small and medium-sizes businesses in recent years, HP’s latest innovations and intuitive features in the LaserJet MFP 2600s better support the next-generation of entrepreneurs and business owners by streamlining print management.
• 03 August 2021: Continuing its legacy of innovation and customer delight, Canon India, launched the MAXIFY GX7070 and MAXIFY GX6070 ink tank printers to meet high volume demands for color printing across small and mid-size offices. With water-resistant, fast printing and flexible paper handling, the two new printers are designed to combine productivity and laser printer-like efficiency and enable users to increase business productivity.

Market Segmentation

This portion of the study on the Digital Laser Copiers Market gives detailed data on the segments at the country and regional level, thereby aiding the strategist in determining the target demographics for the relevant product or service and the impending opportunities.

By Type

• Single-Function
• Multi-function

By Application

• Individuals
• SMEs
• Large enterprises
• Government

By Companies

• Samsung
• Canon
• HP
• Fuji Xerox
• Seiko Epson Corp
• OKI Electric
• Lexmark International
• Kyocera corporation
• Ricoh
• Konica Minolta
• Eastman Kodak