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
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.)
Table Of Content
TABLE OF CONTENT
1. Thermal Transfer Ribbons Market Overview
1.1. Product Overview and Scope of Thermal Transfer Ribbons
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Thermal Transfer Ribbons Market Size Growth Rate Analysis by Type, 2022 VS 2030
1.3.1. Wax Ribbon
1.3.2. Wax-Resin Ribbon
1.3.3. Resin Ribbon
1.4. Global Thermal Transfer Ribbons Consumption Comparison by Print Head: 2022 VS 2030
1.4.1. Flat type
1.4.2. Near edge
1.5. Global Thermal Transfer Ribbons Consumption Comparison by Application: 2022 VS 2030
1.5.1. Mobile printer
1.5.2. Desktop printer
1.5.3. Industrial printer
1.6. Global Thermal Transfer Ribbons Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.6.1. North America Thermal Transfer Ribbons Estimates
1.6.2. Europe Thermal Transfer Ribbons Estimates
1.6.3. China Thermal Transfer Ribbons Estimates
1.6.4. Japan Thermal Transfer Ribbons Estimates
2. Market Competition by Manufacturers
2.1. Global Thermal Transfer Ribbons Revenue Market Share by Manufacturers (2020)
2.2. Thermal Transfer Ribbons Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Thermal Transfer Ribbons Average Price by Manufacturers (2017-2022)
2.4. Manufacturers Thermal Transfer Ribbons Production Sites, Area Served, Product Types
2.5. Thermal Transfer Ribbons Market Competitive Situation and Trends
2.5.1. Thermal Transfer Ribbons Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Thermal Transfer Ribbons Consumption by Region (2017-2022)
3.1. Global Thermal Transfer Ribbons Consumption by Region
3.2. Global Thermal Transfer Ribbons Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Thermal Transfer Ribbons Consumption Growth Rate (2017-2022)
3.2.3. North America Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
3.2.4. North America Thermal Transfer Ribbons Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Thermal Transfer Ribbons Consumption Growth Rate (2017-2022)
3.2.7. Europe Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
3.2.8. Europe Thermal Transfer Ribbons Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Thermal Transfer Ribbons Consumption Growth Rate (2017-2022)
3.2.11. Asia Pacific Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
3.2.12. Asia Pacific Thermal Transfer Ribbons Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Thermal Transfer Ribbons Consumption Growth Rate (2017-2022)
3.2.15. South America Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
3.2.16. South America Thermal Transfer Ribbons Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Thermal Transfer Ribbons Consumption Growth Rate (2017-2022)
3.2.19. Middle East and Africa Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
3.2.20. Middle East and Africa Thermal Transfer Ribbons Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Thermal Transfer Ribbons Consumption by Type (2017-2022)
4.1. Global Thermal Transfer Ribbons Price by Type (2017-2022)
4.2. Global Thermal Transfer Ribbons Revenue Market Share by Type (2017-2022)
4.2.1. Wax Ribbon
4.2.2. Wax-Resin Ribbon
4.2.3. Resin Ribbon
5. Global Thermal Transfer Ribbons Consumption by Print Head (2017-2022)
5.1. Global Thermal Transfer Ribbons Price by Print Head (2017-2022)
5.2. Global Thermal Transfer Ribbons Revenue Market Share by Print Head (2017-2022)
5.2.1. Flat type
5.2.2. Near edge
6. Global Thermal Transfer Ribbons Consumption by Application (2017-2022)
6.1. Global Thermal Transfer Ribbons Price by Application (2017-2022)
6.2. Global Thermal Transfer Ribbons Revenue Market Share by Application (2017-2022)
6.2.1. Mobile printer
6.2.2. Desktop printer
6.2.3. Industrial printer
7. Key Companies Profiled
7.1. Dai Nippon Printing Co.
7.1.1. Dai Nippon Printing Co. Thermal Transfer Ribbons Corporation Information
7.1.2. Dai Nippon Printing Co. Thermal Transfer Ribbons Product Portfolio
7.1.3. Dai Nippon Printing Co. Thermal Transfer Ribbons Consumption, Price and Gross Margin (2017-2022)
7.1.4. Dai Nippon Printing Co. Main Business and Markets Served
7.1.5. Dai Nippon Printing Co. Recent Developments/Updates
7.2. ITW Thermal Films
7.3. Analysis Armor Group
7.4. Hangzhou Todaytec Digital Co., Ltd
7.5. Zebra Technologies Corp
7.6. The Ricoh Company
7.7. Honeywell International Inc.
7.8. TSC Auto ID Technology
8. Marketing Channel, Distributors, and Customers
8.1. Marketing Channel
8.2. Thermal Transfer Ribbons Distributors List
8.3. Thermal Transfer Ribbons Customers
9. Market Dynamics
9.1. Thermal Transfer Ribbons Industry Trends
9.2. Thermal Transfer Ribbons Growth Drivers
9.3. Thermal Transfer Ribbons Market Challenges
9.4. Thermal Transfer Ribbons Market Restraints
10. Global Thermal Transfer Ribbons Consumption and Demand Forecast, by Region (2023-2030)
10.1. Global Forecasted Demand Analysis of Thermal Transfer Ribbons, by Regions and Country
10.1.1. North America Forecasted Consumption of Thermal Transfer Ribbons by Country
10.1.2. Europe Market Forecasted Consumption of Thermal Transfer Ribbons by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Thermal Transfer Ribbons by Region
10.1.4. Latin America Forecasted Consumption of Thermal Transfer Ribbons by Country
10.1.5. Middle East and Africa Forecasted Consumption of Thermal Transfer Ribbons by Country
11. Global Thermal Transfer Ribbons Consumption and Demand Forecast, by Type Segments (2023-2030)
11.1. Global Forecasted Consumption of Thermal Transfer Ribbons by Type Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Type Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Thermal Transfer Ribbons by Type Segments (2023-2030)
12. Global Thermal Transfer Ribbons Consumption and Demand Forecast, by Print Head Segments (2023-2030)
12.1. Global Forecasted Consumption of Thermal Transfer Ribbons by Print Head Segments (2023-2030)
12.2. Global Consumption and Price Forecast by Print Head Segments (2023-2030)
12.3. Global Forecasted Growth Rate of Thermal Transfer Ribbons by Print Head Segments (2023-2030)
13. Global Thermal Transfer Ribbons Consumption and Demand Forecast, by Application Segments (2023-2030)
13.1. Global Forecasted Consumption of Thermal Transfer Ribbons by Application Segments (2023-2030)
13.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
13.3. Global Forecasted Growth Rate of Thermal Transfer Ribbons by Application Segments (2023-2030)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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