Multitask Printer Market

The article discusses the rising demand for multitask printers, copymachines, and facsimile machines worldwide, with a forecasted increase in market volume and value by 2030. It provides insights into consumption patterns, production levels, import and export trends, as well as key players in the market. The data highlights notable growth rates in certain countries and variations in prices over the years.

Market Forecast

Driven by increasing demand for multitask printers, copymachines and facsimile machines worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 169M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $40.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Multitask Printers, Copymachines And Facsimile Machines

In 2022, approx. 141M units of multitask printers, copymachines and facsimile machines were consumed worldwide; picking up by 4.4% on the previous year. The total consumption volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global multitask printer market value expanded sharply to $29B in 2022, growing by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $30.3B. From 2015 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (43M units), Vietnam (28M units) and the United States (18M units), with a combined 63% share of global consumption. Indonesia, Japan, Germany, the Philippines, India, France and the UK lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Philippines (with a CAGR of +72.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($9.9B) led the market, alone. The second position in the ranking was held by Germany ($3.4B). It was followed by the United States.

In China, the multitask printer market expanded at an average annual rate of +11.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Germany (-6.4% per year) and the United States (-2.5% per year).

In 2022, the highest levels of multitask printer per capita consumption was registered in Vietnam (280 units per 1000 persons), followed by the United States (54 units per 1000 persons), Germany (45 units per 1000 persons) and France (44 units per 1000 persons), while the world average per capita consumption of multitask printer was estimated at 18 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the multitask printer per capita consumption in Vietnam was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (-2.1% per year) and Germany (-1.6% per year).

Production

World Production of Multitask Printers, Copymachines And Facsimile Machines

In 2022, production of multitask printers, copymachines and facsimile machines decreased by -1.4% to 139M units, falling for the second consecutive year after two years of growth. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. Over the period under review, global production hit record highs at 141M units in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, multitask printer production reduced to $22.7B in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 13% against the previous year. Over the period under review, global production attained the maximum level at $26B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (57M units), Vietnam (44M units) and Thailand (16M units), with a combined 83% share of global production. Indonesia and the Philippines lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the Philippines (with a CAGR of +91.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Multitask Printers, Copymachines And Facsimile Machines

In 2022, supplies from abroad of multitask printers, copymachines and facsimile machines increased by 2.2% to 95M units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. Over the period under review, global imports hit record highs at 101M units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, multitask printer imports rose remarkably to $18.3B in 2022. In general, imports, however, recorded a mild curtailment. Over the period under review, global imports hit record highs at $20.9B in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (20M units), distantly followed by Germany (12M units), the Netherlands (9.1M units) and China (6.9M units) were the key importers of multitask printers, copymachines and facsimile machines, together generating 50% of total imports. Japan (3.9M units), France (3.3M units), India (3.1M units), the UK (2.6M units), Australia (2M units), Italy (2M units), Canada (1.8M units), the United Arab Emirates (1.7M units) and Mexico (1.7M units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +26.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest multitask printer importing markets worldwide were the United States ($3.5B), Germany ($1.8B) and the Netherlands ($1.8B), together comprising 39% of global imports. Japan, China, France, India, the UK, Italy, the United Arab Emirates, Canada, Mexico and Australia lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, China, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average multitask printer import price stood at $191 per unit in 2022, picking up by 8.7% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. Global import price peaked at $234 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($344 per unit), while Germany ($146 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Multitask Printers, Copymachines And Facsimile Machines

In 2022, the amount of multitask printers, copymachines and facsimile machines exported worldwide dropped to 93M units, with a decrease of -5.9% against the previous year's figure. Overall, exports showed a slight reduction. The growth pace was the most rapid in 2017 when exports increased by 7.3% against the previous year. The global exports peaked at 110M units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, multitask printer exports rose notably to $18.3B in 2022. Over the period under review, exports saw a pronounced reduction. The global exports peaked at $23B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, China (20M units), Vietnam (16M units) and Thailand (15M units) represented the main exporter of multitask printers, copymachines and facsimile machines in the world, mixing up 56% of total export. Germany (8.4M units) ranks next in terms of the total exports with a 9% share, followed by the Netherlands (8.3%), the Philippines (7.8%) and Indonesia (6%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +7.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest multitask printer supplying countries worldwide were China ($5B), Vietnam ($2.7B) and Thailand ($2.4B), with a combined 55% share of global exports. The Netherlands, Germany, the Philippines and Indonesia lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, the Philippines, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average multitask printer export price amounted to $196 per unit, picking up by 16% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $218 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($245 per unit), while Indonesia ($121 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform