• US: +1 9176726599
  • Login
  • Home
  • >> others
  • >> Thermal Transfer Ribbon Market Size By p...

Thermal Transfer Ribbon Market Size By product (Wax Ribbon, Wax -Resin Ribbon, Resin Ribbon) Outlook ( Flat type, Near edge) Application ( Mobile printer, Desktop printer, Industrial printer) : Emerging Trends, Key Players, and Growth Opportunities and Region Forecast to 2022-2030

Format: PDF | Pages: 307 | Report ID: MRS1268


Report Description

The global Thermal Transfer Ribbons market size was valued at USD 1,360.4 million in 2022, expanding at a CAGR of 7.7% from 2023-2030 to reach 2,900.7 Million USD in 2030.

Market Dynamics

The market is expected to rise as a result of the attention being paid to the development of user-friendly and reasonably priced designs and software to meet the demand for better print quality and more practical equipment transportation. Also, the market is estimated to grow throughout the course of the projected period as a result of increased product development, advancements in thermal transfer ribbon technology, and new product releases by the top industry players. Over the projected period, the market for thermal transfer ribbons is anticipated to expand significantly. The primary factors driving market expansion will be rising disposable incomes and a rise in the use of thermal transfer ribbons in printing, labelling, and barcode applications. The region's expanding middle-class population and modernization programmes will also depress market value.

Due to the accelerating rate of urbanisation and ongoing population growth in developed nations like North America, the demand for thermal transfer ribbons may rise over the course of the projected period. Customers' shopping habits have changed significantly as a result of the robust economy of countries like the U.S. and Canada, providing the retail industry with new prospects for expansion. For instance, using seasonal adjustment rather than price change, the U.S. Census Bureau predicts that total retail sales in the country will reach USD 1,778,625 million in Q2 2023. Nevertheless it is anticipated that the development of more affordable and resilient alternative printing technologies as well as stringent printing regulations in many economies will restrain company expansion.

Regional Insights

North America is estimated to hold the largest market share over the foreseeable timeframe. Due to the region's robust manufacturing sector, which is supported by increased R&D spending and ongoing technological advancements in countries like the U.S., business statistics will rise in the region. Due to the proliferation of companies that make thermal transfer ribbons and a sophisticated thermal printing infrastructure, the local market will also have an alot of opportunities for growth.

Segment Dynamics

The market for thermal transfer ribbons is divided into three categories: products, print heads, and applications. The Form predicts that the wax ribbons segment will control the market. According to Print Head, the flat type market is anticipated to expand at the highest CAGR throughout the forecast period. The mobile printer market share is anticipated to be dominated by application.

Competitive Insights

There are both domestic and foreign companies in the extremely competitive market for thermal transfer ribbons. To stay competitive in the market, major businesses in the sector engage in strategic mergers and acquisitions, collaborations, and new product releases. For instance, Markem-Imaje introduced the SmartDate Xtreme Plus printhead for high-resin & high-speed applications in May 2022. The product has a warranty of six months or 40 kilometres, giving users approximately 60% more trouble-free coding than any other nearby possibilities.

The study begins with an introduction to the Industrial Chain structure, followed by an analysis of the market size and forecast for Thermal Transfer ribbons by type, a discussion of the vendor market rivalry environment, and company profiles. This paper also discusses value chain aspects and market pricing analyses.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Dai Nippon Printing Co.
  • ITW Thermal Films
  • Analysis Armor Group
  • Hangzhou Todaytec Digital Co., Ltd
  • Zebra Technologies Corp
  • The Ricoh Company
  • Honeywell International Inc.
  • TSC Auto ID Technology

Thermal Transfer Ribbons Product Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Wax Ribbon
  • Wax -Resin Ribbon
  • Resin Ribbon

Thermal Transfer Ribbons Print Head Outlook (Revenue, USD Million, 2017 - 2030)

  • Flat type
  • Near edge

Thermal Transfer Ribbons Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Mobile printer
  • Desktop printer
  • Industrial printer

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

From 2022 to 2030, the thermal transfer ribbon market is anticipated to expand at a CAGR of roughly 7.7%.
The thermal transfer ribbon market was estimated to be worth $1,360.4 million globally in 2022.
Dai Nippon Printing Co., ITW Thermal Films, Analysis Armor Group, Hangzhou Todaytec Digital Co., Ltd, Zebra Technologies Corp, The Ricoh Company, Honeywell International Inc., TSC Auto ID Technology
In addition to desktop, mobile, and industrial printers, thermal transfer ribbons are utilised in a variety of different applications.
North America generated the most revenue in 2022, and it is anticipated that it will hold this position throughout the study period.

Why Choose Market Research Strategy?

  Authenticated Data Sources

We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports

  Express Delivery

We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround

  Gain Instant Access

Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.

  Our Pledge to You

We abide by the information security policy and adheres to keep your private and business information confidential and secure.

Copyright © 2022 Market Research Strategy, All rights reserved.