South Korea Laser Printer Market Report and Forecast 2024-2032

South Korea Laser Printer Market Outlook

The South Korea laser printer market size reached a value of more than USD 102.21 million in 2023. The South Korea laser printer industry is expected to grow at a CAGR of 3.5% between 2024 and 2032, reaching a value of USD 136.29 million by 2032.

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Key Trends in the South Korea Laser Printer Market

Laser printers employ laser technology to print texts and images of high quality on paper. They use a laser beam and create an electrostatic image on a photosensitive drum.  The toner particles then get attracted to the charged areas of the drum to create a print on the page. Laser printers are available in different sizes and types based on the need of the user.

Use of Laser Printers in Numerous Industries Bolster its Demand in South Korea

There is a growing demand for laser printers in different industries such as retail, healthcare, and education, among others. Laser printers are in demand due to their high-quality prints in a shorter amount of time. Another factor propelling the growth of the laser printer market in South Korea is the increasing trend of remote working and virtual learning since the COVID-19 pandemic. Rising disposable income and high living standards also make laser printers a necessity even in households and small or big businesses.

The Demand for Energy-Efficient and Wireless Connectivity Enabled Laser Printers is Rising in South Korea

With the growing awareness regarding environmental concerns, manufacturers are compelled to produce energy-efficient and more eco-friendly laser printers in the market, which is also propelling the research and development work in the industry. Many laser printers are now available with wireless connectivity options such as Bluetooth and WiFi, making the printing process easier and more convenient to use. Monochrome and coloured laser printers are available in the market for both personal and commercial purposes.

Market Analysis

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Based on type, the South Korea laser printer market is segmented into single-function and multi-function. On the basis of laser type, the laser printer market of South Korea is divided into helium-neon laser and semiconductor laser. On the basis of end-user, the South Korea laser printer market is bifurcated into individuals, small and medium enterprises, large enterprises, and government, among others. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea laser printer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Hewlett-Packard Development Company, L.P.

• Canon Inc.,

• Brother Industries, Ltd.

• SEIKO EPSON CORP.

• Samsung Electronics Co., Ltd.

• Sindoh Co., Ltd.

• FUJIFILM Holdings Corporation

• Dell, Inc.

• LG Electronics

• Ricoh Company, Ltd

• Others

Market Share by Type

Single-function laser printers perform one primary function which is printing. They do not come with other additional features. Multi-function laser printers can perform scanning and copying, among others. These are commonly used for commercial purposes and are generally more expensive than single-function laser printers due to their additional features, convenience and efficiency which also improves the workflow. Factors such as high disposable income and high living standards aid in propelling the market share of multipurpose laser printers during the mentioned timeframe.

Market Share by Laser Type

A laser beam is produced by the helium-neon laser printer by using a gas combination of helium and neon to expose the printing surface. These printers employ a technique known as photochemical imaging, in which a photoconductive drum or surface is illuminated by a laser beam. The high level of precision and stability of He-Ne laser printers makes them a popular choice for usage in scientific and industrial applications. Contrarily, semiconductor laser printers generate a laser beam that is used to print an image or text on paper using a solid-state laser diode. They are frequently used in workplaces because of their speed, low cost, and adaptability.

Market Share by End-User

After years of development and improvement, the laser printer has emerged as an industry standard for small businesses, the mainstay of the workplace, and the catalyst for a revolution that has permanently altered publishing. While selecting a laser printer, end users may prioritise factors including print quality, paper handling capacity, connection choices, and cost-effectiveness. The size and style of the printer, as well as the accessibility of replacement components and toner cartridges, are other aspects that end users can take into account. With the growing features, the demand for laser printers will continue to bolster in South Korea among all the segments.

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Competitive Landscape

SEIKO EPSON CORP.- Epson, a division of Seiko Epson Corp., creates, produces, and markets printing solutions, wearable technology, visual communications equipment, and other goods. The company is headquartered in Nagano, Japan, and has numerous subsidiaries worldwide. It produces dot matrix, inkjet, thermal and laser printers for office, home, and industrial use, as well as desktop computers, laptops, scanners, video projectors, robots, point-of-sale systems, and watches, among others.

Canon Inc.- Office multifunction devices, copiers, printers, cameras, and lithography equipment are among the products that Canon, Inc. develops, produces, and sells. Office Medical System BU, Imaging System BU, Business Unit (BU), and Industry and Others BU are the segments through which it works. The headquarters of Canon Inc. are in Tokyo, Japan, and it was established in 1937.

Key Highlights of the Report