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Axiohm
BIXOLON CO. LTD.
Brother Industries Ltd.
Datalogic SpA
Fujitsu Ltd.
Honeywell International Inc.
HP Inc.
Rongta Technology(Xiamen) Group Co. Ltd.
SATO Holdings Corp.
Seiko Epson Corp.
Star Micronics Co. Ltd.
Toshiba Tec Corp.
TSC Auto ID Technology Co. Ltd.
Zebra Technologies Corp.
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Thermal Printing Market 2025-2029
The thermal printing market is forecasted to grow by USD 12.39 bn during 2024-2029, accelerating at a CAGR of 4.4% during the forecast period. The report on the thermal printing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing e-commerce growth, environmental benefits of thermal printing technology, and expansion in pharmaceutical trade.
Market Scope
Base Year 2025
End Year 2029
Series Year 2025-2029
Growth Momentum Accelerate
YOY 2025 4%
CAGR 4.4%
Incremental Value $12.39 bn
Technavio's thermal printing market is segmented as below:
By Type
Industrial format
Desktop format
Mobile format
By Technology
Direct thermal (DT)
Thermal transfer (TT)
Dye diffusion thermal transfer (D2T2)
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the product innovations as one of the prime reasons driving the thermal printing market growth during the next few years. Also, strategic partnerships and integration with ai will lead to sizable demand in the market.
The report on the thermal printing market covers the following areas:
Thermal Printing Market sizing
Thermal Printing Market forecast
Thermal Printing Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermal printing market vendors that include Avery Dennison Corp., Axiohm, BIXOLON CO. LTD., Brother Industries Ltd., Datalogic SpA, Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Motorola Solutions Inc., Printronix, Rongta Technology (Xiamen) Group Co. Ltd., SATO Holdings Corp., Seiko Epson Corp., Star Micronics Co. Ltd., Toshiba Tec Corp., TSC Auto ID Technology Co. Ltd., and Zebra Technologies Corp.. Also, the thermal printing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ billion)
Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Thermal Printing Market 2019 - 2023
Historic Market Size - Data Table on Global Thermal Printing Market 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ billion)
5.4 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.5 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on Global Thermal Printing Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Industrial format - Market size and forecast 2024-2029
Chart on Industrial format - Market size and forecast 2024-2029 ($ billion)
Data Table on Industrial format - Market size and forecast 2024-2029 ($ billion)
Chart on Industrial format - Year-over-year growth 2024-2029 (%)
Data Table on Industrial format - Year-over-year growth 2024-2029 (%)
8.4 Desktop format - Market size and forecast 2024-2029
Chart on Desktop format - Market size and forecast 2024-2029 ($ billion)
Data Table on Desktop format - Market size and forecast 2024-2029 ($ billion)
Chart on Desktop format - Year-over-year growth 2024-2029 (%)
Data Table on Desktop format - Year-over-year growth 2024-2029 (%)
8.5 Mobile format - Market size and forecast 2024-2029
Chart on Mobile format - Market size and forecast 2024-2029 ($ billion)
Data Table on Mobile format - Market size and forecast 2024-2029 ($ billion)
Chart on Mobile format - Year-over-year growth 2024-2029 (%)
Data Table on Mobile format - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Technology
9.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
9.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
9.3 Direct thermal (DT) - Market size and forecast 2024-2029
Chart on Direct thermal (DT) - Market size and forecast 2024-2029 ($ billion)
Data Table on Direct thermal (DT) - Market size and forecast 2024-2029 ($ billion)
Chart on Direct thermal (DT) - Year-over-year growth 2024-2029 (%)
Data Table on Direct thermal (DT) - Year-over-year growth 2024-2029 (%)
9.4 Thermal transfer (TT) - Market size and forecast 2024-2029
Chart on Thermal transfer (TT) - Market size and forecast 2024-2029 ($ billion)
Data Table on Thermal transfer (TT) - Market size and forecast 2024-2029 ($ billion)
Chart on Thermal transfer (TT) - Year-over-year growth 2024-2029 (%)
Data Table on Thermal transfer (TT) - Year-over-year growth 2024-2029 (%)
9.5 Dye diffusion thermal transfer (D2T2) - Market size and forecast 2024-2029
Chart on Dye diffusion thermal transfer (D2T2) - Market size and forecast 2024-2029 ($ billion)
Data Table on Dye diffusion thermal transfer (D2T2) - Market size and forecast 2024-2029 ($ billion)
Chart on Dye diffusion thermal transfer (D2T2) - Year-over-year growth 2024-2029 (%)
Data Table on Dye diffusion thermal transfer (D2T2) - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Technology
Market opportunity by Technology ($ billion)
Data Table on Market opportunity by Technology ($ billion)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ billion)
Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
11.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ billion)
Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
11.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
11.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ billion)
Data Table on China - Market size and forecast 2024-2029 ($ billion)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
11.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ billion)
Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
11.12 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ billion)
Data Table on France - Market size and forecast 2024-2029 ($ billion)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
11.13 Spain - Market size and forecast 2024-2029
Chart on Spain - Market size and forecast 2024-2029 ($ billion)
Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
Chart on Spain - Year-over-year growth 2024-2029 (%)
Data Table on Spain - Year-over-year growth 2024-2029 (%)
11.14 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.15 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.16 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ billion)
Data Table on India - Market size and forecast 2024-2029 ($ billion)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
11.17 Brazil - Market size and forecast 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
Chart on Brazil - Year-over-year growth 2024-2029 (%)
Data Table on Brazil - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
14.2 Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Avery Dennison Corp.
Avery Dennison Corp. - Overview
Avery Dennison Corp. - Business segments
Avery Dennison Corp. - Key news
Avery Dennison Corp. - Key offerings
Avery Dennison Corp. - Segment focus
SWOT
14.5 Axiohm
Axiohm - Overview
Axiohm - Product / Service
Axiohm - Key offerings
SWOT
14.6 BIXOLON CO. LTD.
BIXOLON CO. LTD. - Overview
BIXOLON CO. LTD. - Product / Service
BIXOLON CO. LTD. - Key news
BIXOLON CO. LTD. - Key offerings
SWOT
14.7 Brother Industries Ltd.
Brother Industries Ltd. - Overview
Brother Industries Ltd. - Business segments
Brother Industries Ltd. - Key news
Brother Industries Ltd. - Key offerings
Brother Industries Ltd. - Segment focus
SWOT
14.8 Datalogic SpA
Datalogic SpA - Overview
Datalogic SpA - Business segments
Datalogic SpA - Key news
Datalogic SpA - Key offerings
Datalogic SpA - Segment focus
SWOT
14.9 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
SWOT
14.10 Honeywell International Inc.
Honeywell International Inc. - Overview
Honeywell International Inc. - Business segments
Honeywell International Inc. - Key news
Honeywell International Inc. - Key offerings
Honeywell International Inc. - Segment focus
SWOT
14.11 HP Inc.
HP Inc. - Overview
HP Inc. - Business segments
HP Inc. - Key news
HP Inc. - Key offerings
HP Inc. - Segment focus
SWOT
14.12 Rongta Technology (Xiamen) Group Co. Ltd.
Rongta Technology (Xiamen) Group Co. Ltd. - Overview
Rongta Technology (Xiamen) Group Co. Ltd. - Product / Service
Rongta Technology (Xiamen) Group Co. Ltd. - Key offerings
SWOT
14.13 SATO Holdings Corp.
SATO Holdings Corp. - Overview
SATO Holdings Corp. - Business segments
SATO Holdings Corp. - Key offerings
SATO Holdings Corp. - Segment focus
SWOT
14.14 Seiko Epson Corp.
Seiko Epson Corp. - Overview
Seiko Epson Corp. - Business segments
Seiko Epson Corp. - Key news
Seiko Epson Corp. - Key offerings
Seiko Epson Corp. - Segment focus
SWOT
14.15 Star Micronics Co. Ltd.
Star Micronics Co. Ltd. - Overview
Star Micronics Co. Ltd. - Product / Service
Star Micronics Co. Ltd. - Key offerings
SWOT
14.16 Toshiba Tec Corp.
Toshiba Tec Corp. - Overview
Toshiba Tec Corp. - Business segments
Toshiba Tec Corp. - Key news
Toshiba Tec Corp. - Key offerings
Toshiba Tec Corp. - Segment focus
SWOT
14.17 TSC Auto ID Technology Co. Ltd.
TSC Auto ID Technology Co. Ltd. - Overview
TSC Auto ID Technology Co. Ltd. - Product / Service
TSC Auto ID Technology Co. Ltd. - Key offerings
SWOT
14.18 Zebra Technologies Corp.
Zebra Technologies Corp. - Overview
Zebra Technologies Corp. - Business segments
Zebra Technologies Corp. - Key news
Zebra Technologies Corp. - Key offerings
Zebra Technologies Corp. - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
15.5 Data procurement
15.6 Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations