Thermal Receipt Printer Market Segmentation:
Printer Technology Segment Analysis
Thermal receipt printer market from the direct thermal segment is estimated to gain the largest revenue share of about 60% in the year 2035. The growth of the segment can be attributed to the increasing benefits of providing receipt printing. The printing speed of direct thermal technology is really cost effective which saves a lot of time for the company and the business can attract more customers. They can rapidly produce receipts, making them ideal for high-traffic retail and hospitality environments. Moreover, these printers operate very silently and completely replace the noisy printers at small stores. In addition, the versatility of direct thermal printers is another reason for their increasing popularity. It can accommodate paper of any size and type, making it suitable for several applications, even beyond receipts.
End User Segment Analysis
The retail segment in the thermal receipt printer market is expected to garner a significant share of around 40% in the year 2035. Despite for the growing prevalence of online shopping, offline shopping still holds a major dominance in the retail segment. People still physically go and purchase the items, and demand receipts. The dominance of offline retail stores is the major driving factor for market growth. In-store purchasing is still far more common than online shopping in 2021, with around 81% of sales occurring offline and just 19% occurring online. In the year 2022, internet retail sales accounted for only 21% of total worldwide retail sales. Owing to this reason, the demand for receipts has significantly increased as it ensure accuracy and provides a complete record of the transaction to both the customer and the business.
Our in-depth analysis of the global thermal receipt printer market includes the following segments:
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Printer Technology |
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End User |
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