Technavio has announced the top five leading vendors for the electrophotographic printing market in Japan in their latest research report. This report also lists five other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report focuses on key segments based on application such as commercial, books, direct Mail, labels, photobooks, transactional, security, magazines, and packaging.
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“Electrophotographic printing is likely to grow at a CAGR of 3.16%, second to inkjet printing in the Japanese printing market. The leading driver of electrophotographic printing is the Japanese labels and packaging industry, which is growing at a CAGR of over 12%. The majority of digital labels in the country are printed using electrophotography,” said Soumya Mutsuddi, one of Technavio’s lead analysts for media and entertainment research.
“Web-to-print technique is a significant new trend that has emerged in this market. It enables customers to submit documents such as customized greeting cards and postcards to vendors via the Internet. Customers often upload a PDF version of the document for printing. The high popularity of electrophotographic printing in web-to-print services is therefore expected to further help the electrophotographic printing in Japan grow over the forecast period,” added Soumya.
Five leading vendors in the electrophotographic printing market in Japan:
Japan-based Canon is one of the leading vendors in the global electrophotographic printing market. The company has high economies of scale, strong global sales, and an efficient distribution network.
Canon develops laser printers and laser multifunction printer products. The company consistently aims to improve efficiency in aspects like image speed, quality, and ease of use, along with providing network compatibility, eco-friendly performance, and extensibility.
Kodak is one of the most recognized brands in the world and continuously focuses on providing total customer satisfaction.
Kodak has reshaped its business and aims to take advantage of the digital transition in packaging markets. The company is predicted to take advantage of the growing demand for graphic communications and strive for growth in printed electronics, fuel cells, sensors, and other printed products.
HP provides hardware and software solutions to general consumers, SMEs, and large enterprises. HP also provides services to government, health, and education sectors.
The company also has effective customer relations and distribution networks across the globe. HP is increasingly focusing on innovation and the development of new products and services.
Konica Minolta has a highly competitive R&D team and aims to develop technologically advanced devices. The company has diversified portfolios from venturing into the printing market by way of industrial imaging products, laser printers, MFPs, and digital print systems.
Fuji Xerox is a leading document management corporation that manufactures and sells a wide range of color and monochrome printers, systems, photocopiers, and multifunction digital production printing presses, along with consulting services and supplies.
In association with Fuji Photo Film, Xerox is a key vendor in the global electrophotographic printing market. Fuji Xerox has a strong brand image and customer base in the global electrophotographic printing market. In addition, the company has substantial R&D capabilities and a wide global distribution network.
Browse related reports:
- • Global Electrophotographic Printing Market in the Packaging Industry 2015-2019
- • Global Electrophotographic Printing Market 2015-2019
- • Managed Print Services (MPS) Market in Japan 2015-2019
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Source : businesswire.com