Global ticket printers market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.2% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Ticket printers are printing devices that are used to print the information about any ticket on a paper. These printers are designed to meet the requirements of various businesses that focus on creating high-quality tickets.
The growing demand for ticket printers for commercial applications such as in shopping malls, cinema halls, retail shops, and sports and gaming events is a major driving factor behind the growth of the market. Increasing disposable income, an increasing number of functions, events and concerts, increasing demand of ticket printers for invoice application in grocery shops, growing technological advancements in printing technology, and massive availability of ticket printers in any size and shapes are expected to improve the growth of the market during the forecast period. Ticket printers provide some benefits such as ease of use, low cost, high output, fast printing, and high portability, which are ultimately propelling the growth of the market.
However, the increasing popularity of booking tickets online is a major restraining factor that could hamper the growth of the market.
Global Ticket Printers Market: Segmentation Analysis
By technology, the direct thermal technology segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. Direct thermal printing technology is most widely used in ticket or receipt printers. Direct thermal printers do not need ink, toner and ribbon, thus these are less expensive ticket printers in the market. Direct thermal printers are more sensitive to heat, light, and abrasion; therefore, they are not used for lifetime identification applications and only used for short term applications such as for movie tickets applications. Direct thermal printing technology provides some benefits such as good scan ability, sharp print quality, low maintenance cost, and more durability, which are ultimately propelling the growth of the market.
By application, the invoice segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. An invoice is a document that provides details of the bill issued by a seller to a buyer. An increasing number of shopping malls, retail shops, and grocery shops along with the wide-scale adoption of ticket printers for billing applications is attributed to the growth of the market. An increasing transition towards digital invoice methods over traditional billing methods is further propelling the growth of the market.
Global Ticket Printers Market: Regional Analysis
Region-wise, North America dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are major contributors behind the growth of the market in the region. The growth is attributed to the growing number of technological developments and introduction of small size, low price, and versatile ticket printers by various leading manufacturing companies across the region. Increasing investments in printing technology, the massive presence of shopping malls and cinema halls, and increasing demand for invoices from customers is propelling the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global Ticket Printers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Ticket Printers Market dynamics, structure by analyzing the market segments and projects the Global Ticket Printers Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Ticket Printers Market make the report investor’s guide.
The Scope of Global Ticket Printers Market
Global Ticket Printers Market, By Type
• Kiosk Printers
• Portable (Mobile) Printers
• Benchtop Printers
Global Ticket Printers Market, By Technology
• Direct Thermal
• Thermal Ribbon Transfer
• Inject Printer
Global Ticket Printers Market, By Application
• Zoo Park Ticket
• Movie Theatre Ticket
• Railway Ticket
• Boarding Pass
• Museum Tickets
• Trade Show Entrance Badge
• Sporting Events
• Others [Gaming, Historical Sites, and Skiing Facilities]
Global Ticket Printers Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
Global Ticket Printers Market, Key Players
• The Custom Companies, Inc
• Zebra Technologies Corporation
• Datamax Inc
• Ier Blue Solutions
• Practical Automation, Inc
• Ded Ltd
• Avery Dennison
• Citizen Systems Japan
• Xiamen Rongta Technology