North America Printer Market Report and Forecast 2024-2032

North America Printer Market Size

The North America printer market is projected to grow at a CAGR of 3.5% between 2024 and 2032. The growing integration of advanced technologies like AI in printers is expected to aid the market in the forecast period.

North America Printer Market Outlook

• Globally, data breaches through printers cost organisations $400,000 annually.

• There is a high demand for cost-effective and small-sized multifunctional printers.

• The commercial application of printers is expected to gain significant traction over the forecast period.

North America Printer Market Growth

The growing adoption of advanced office printers has alleviated the risk of third-party access to sensitive documents. Over 50% of organisations do not consider printer security as a part of their overall cybersecurity strategy globally, which results in substantial loss of data through malware such as the Mirai Botnet. Printer misconfigurations and Wi-Fi access can enable cybercriminals to manipulate print jobs, and hamper office productivity and workflow. This is prompting major market players to develop password-protected printers, which encrypt job data and utilise multifactor authentication technology to keep documents safe.

The integration of artificial intelligence (AI) in modern printers enables them to execute important software updates and minimise printer downtime. It also eliminates the generation of print waste by optimising paper alignment, sizing, and image quality, among others, to improve printing outcomes. Such printers lower electricity bills and empower users to resolve minor problems through augmented reality.

AI can facilitate the conversion of complex, unstructured documents into categorised digital files while voice assistant-enabled printers can take audio-based commands from users to perform functions such as faxing and scanning documents. It also protects confidential data access from unauthorised users, thereby improving the safety and security of critical internal information.

North America Printer Industry Segmentation

North America Printer Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Standalone

• Multi-Functional

Market Breakup by Technology

• Dot Matrix Printer

• Inkjet Printer

• LED Printer

• Thermal Printer

• Laser Printer

Market Breakup by Printer Interface

• Wired

• Wireless

Market Breakup by Output Type

• Colour

• Monochrome

Market Breakup by End Use

• Residential

• Commercial

• Educational Institutions

• Government

• Others

Market Breakup by Country

• United States of America

• Canada

North America Printer Market Share

Based on technology, the market is divided into dot matrix printer, inkjet printer, LED printer, thermal printer, and laser printer. Over the forecast period, laser printers are expected to dominate the market, due to their fast-printing speed and durable nature. They produce good-quality images even on low-quality paper and are more economical than inkjet printers in the long run.

Leading Companies in the North America Printer Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• HP Inc.

• Canon Inc.

• Seiko Epson Corp.

• Toshiba Corp.

• Fujitsu Ltd.

• Panasonic Holdings Corp.

• Xerox Holdings Corp.

• Konica Minolta Inc.

• FUJIFILM Holdings Corp.

• Ricoh Company, Ltd.

• Others

Major market players like HP are providing printer subscription services for households at affordable prices.

Key Highlights of the Report