Inkjet Printers - Ink Tank Printers - Ink Tank Printer market grows due to sturdy demand from SMEs

The Inkjet printer market has registered 15.4-per cent growth YoY. According to IDC’s latest Hard Copy Peripherals (HCP) 2017 Q1 report, the increasing shift is seen happening towards Ink Tank printers. The growing demand for Ink Tank printers over Inkjet printers is due to the low-cost ownership. The report considers that the demand from SMEs has fuelled the growth of Ink Tank printer shipments in 2017 Q1.
 

Looking ahead, the market for Inkjet printers is expected to grow at a higher pace than Laser market because of the Ink Tank printers. The commercial segment that was earlier completely dominated by the Laser printers is now being penetrated by the Ink tank printers. Overall, HP stands as the leader in the InkJet category, while in the Ink tank space Epson enjoys the maximum share.
 

Key Takeaways: A report says that the global market for inkjet technologies will see a growth to $12.6 billion by 2021 at a five-year annual growth rate (CAGR) of 24.6 per cent. It is also predicted that its sales will hit double-digit growth rate.
 

Key Vendors: Epson, HP, Canon and others including Brother, Ricoh.