The growing demand for laser printers in developing countries is one of the key factors expected to trigger the market’s growth in the forthcoming years. Factors such as rapid industrialization and development of IT infrastructure in the emerging economies of ASEAN, China, India, Eastern European countries, and Latin America are driving the demand for laser printers. In addition, the growing number of SEZs and rising disposable incomes are encouraging both individual and commercial consumers to purchase office stationery items, in turn, driving the sales of laser printers. This will further propel the laser printer market growth, which is projected to post a CAGR of close to 5% during the forecast period.

The increasing demand for compact laser printers is identified as one of the key trends expected to gain traction in the market. Professionals working from home and self-employed entrepreneurs are focusing on compact laser printers equipped with mobility features for convenient printing using a smartphone. These printers offer maximum profitability with lower operating costs without compromising on the quality and performance of the printer. As a result, the rising demand for compact laser printers from the SMEs will further boost the sales of laser printers.

The increase in demand for laser printers will definitely drive the development of laser printer accessories and consumables industries. Such as Fuser film sleeve, Printer transfer belt, Primary charge roller, Cleaning web roller and other accessories.

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