Market - ID Card Printers Market
Market Value - US$ 4.4 Bn in 2021
Market CAGR Value - 4% in 2031
Market Forecast Year - 2021 to 2031
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This report provides in depth
study using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to
the organization. The ID Card Printers Market report also provides an in-depth
survey of key players in the market which is based on the various objectives of
an organization such as profiling, the product outline, the quantity of
production, required raw material, and the financial health of the
organization.
Growing need for
easily identification and security of people in sectors such as banking,
healthcare, governmental offices, and educational institutions is set to steer
market growth. Rapid technological advancements are also projected to
complement market growth over the coming years.
Demand for ID card
printers waned in 2020 due to the COVID-19 pandemic. Growing demand for
retransfer card printers and direct-to direct card printers in end-use segments
such as educational institution, banking, healthcare, etc., is expected to
drive the market substantially. South Asia Pacific, East Asia, and Europe are
major markets for the ID card printers.
Key Players:
The report
has profiled some of the Important players prevalent in the global like – Zebra Technologies Corporation,
HP Inc., Quadient (Neopost SA), Entrust Corporation, HID Global Corporation,
Valid USA, Kanematsu USA, Matica Technologies, Evolis, and MagiCARD Ltd and more.
This report covers the sales volume, price, revenue, gross margin,
manufacturers, suppliers, distributors, intermediaries, customers, historical
growth and future perspectives in the ID Card Printers.
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Key Takeaways from Market Study
- Enhancing product quality by implementing new
technologies and adopting new, tough, and long-lasting materials and
printing inks with added features at a competitive price point, while
focusing on bulk production of ID cards will benefit market players.
- Manufacturers are focusing on introduction of
new application-specific product offerings in order to better address
customer requirements. Moreover, market players are found to be
channelizing efforts toward strengthening their distribution channels
while focusing on direct sales and expanding their footprint through
online distribution partners.
- Banking, followed by educational institutes, is
anticipated to emerge as an opportunistic segment, owing to extended use
of ID cards in these end-use sectors.
- Increasing number of players focusing on
R&D related to ID card printers is anticipated to have a significant
contribution to market growth over the years to come.
- High performance card printers hold half of the
market volume share.
- Global trade is projected to grow at a slow
rate over the forecast period, due to gradual decline in international
trade, owing to high cost involved and growing regional taxes. This will
have a low-level impact on the growth of the ID card printer industry.
- Demand for ID card printers witnessed a slump
in 2020 due to the COVID-19 pandemic, with a recorded growth of -4.2%.
“Upsurge in
generation and renewal of new ID cards from banks, educational institutions,
governmental offices, and healthcare in recent years is expected to provide a
stimulant aggrandizement to ID card printer sales,” says a Persistence
Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries
etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
ID Card Printers Market
Manufacturers
ID Card Printers Market Distributors/Traders/Wholesalers
ID Card Printers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the ID
Card Printers Market Report:
·
The ID Card Printers Market analysis report offers an in-depth study of
the potential market growth opportunities and challenges.
·
The report dives deeper into the market and explains the dynamic factors
bolstering market growth.
·
The report deeply assesses the current, historical market size, market
share, and revenue growth rates to offer accurate market projections for the
forecast period.
·
The report analyzes the ID Card Printers Market presence across major
regions of the world.
·
It determines the production & consumption capacities and demand
& supply dynamics of each regional market.
·
The report further illustrates the intense competition among the key
market players and highlights their effective business expansion plans and
strategies.
·
It provides company overview and SWOT analysis of each of the market
players.
Key Questions Answered in
This Report.
·
What will the Market growth rate in Future?
·
What are the key factors driving the global Market?
·
Who are the key manufacturers in Market space?
·
What are the opportunities and threats faced by the vendors in the global
industry?
·
What are sales, revenue, and price analysis by regions of industry?
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requirements, please let us know and we will offer you the report as you
want and also We Provide you Table of Content.
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