Retail, Transportation, and Manufacturing Central to Hot Future of Thermal Print Supply

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Retail, Transportation, and Manufacturing Central to Hot Future of Thermal Print Supply

New Smithers Pira Research forecasts strong growth for thermal printing, identifying retail, transport, and manufacturing as the top three applications for thermal printing equipment and supplies. Read on for an overview of the thermal printing market from 2018 to 2023.

By Smithers

Tuesday, March 20, 2018

Strong growth is forecast for the thermal printing industry according to the latest exclusive analysis from Smithers Pira.

The global thermal print market reached a total value of $35.51 billion at end-user level in 2018. The market is then forecasted to expand at a rate of 5.0% compound annual growth rate (CAGR) through to 2023—yielding total market value of $45.39 billion in that year.

The thermal print outlook contrasts well with the overall print industry forecast from Smithers Pira, which will see annual increases in value of just 0.8% across the same period.

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