Ticket Printers Production Market Size, Opportunities, Growth Rate, Development Trend and Feasibility Studies 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Ticket Printers Production Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ticket Printers Production Market products

The Ticket Printers Production Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Synopsis

The global ticket printers production market was valued at USD 346.1 million in 2017; it is expected to reach USD 442.3 million by the end of the forecast period at a CAGR of 5.2%.Ticket printers come in either fixed or kiosk models to accommodate the specific print application. These are easy to operate, maintain, and are cost-effective than another type of printers. A high capacity flatbed ticket printer by InfoPoint developed a mechanism to ensure the fully printed tickets before issuing, resulting in a reduction of ticket paper wastage and operator cost.

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Custom SpA produces a variety of event ticketing printers including barcodes, and RFID to provide the SMART ticket. New technologies are being developed used to produce the tickets by just connecting the printing terminal with a smartphone containing the print roll and ink ribbon. However, tickets printers continuously face the threat of increased mobile consumption and other advanced printers in the market. Most of the ticket printing is replaced by mobile or E-ticketing. It includes a barcode and a scanner at two ends to verify the ticket details.

There has always been economic/political pressure on the printing industry due to the usage of paper of different kinds and the chemicals used to prepare the inks. Many government and private firms have started using the mobile or E-tickets instead of the printed tickets resulting in the reduction of paper wastage and increased efficiency of the ticket management system. However, this factor poses a risk towards the growth of the ticket printer market as many end-users like railways, airlines, and movie and event tickets are depleting the usage of paper tickets.

Segmentation

The global ticket printers production market has been segmented based on type, beam source, application, and region.By technology, the ticket printers production market has been divided into direct thermal, thermal ribbon transfer, and inject printer.By applications, the ticket printers production market has been segregated into zoo park ticket, movie theatre ticket, railway ticket, invoice, boarding pass, museum tickets, trade show entrance badge, sporting events, and others (gaming, historical sites, and skiing facilities).

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By type, the ticket printers production market has been classified as kiosk printers, portable (mobile) printers, and benchtop printers.By region, the ticket printers production market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis

Globally, the ticket printers production market has been categorized as four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East & Africa and South America.

Europe accounted for the most substantial market value in 2017; the market is expected to register a significant CAGR during the forecast period. In Europe, the technological advancement occurs at a rapid pace. This affects the growth of the ticket printer market positively with the introduction of cost-effective products. However, the software updates pose a threat to the ticket printer by providing online printing solutions. On the other hand, Asia-Pacific is expected to grow with the highest CAGR. Tickets printer constantly face the threat of increased mobile consumption and other advanced printers. Most of the ticket printing is replaced by mobile or E-ticketing. It includes a barcode and a scanner at two ends to verify the ticket details. The Indian railway division Mysore shuts down the ticket printing unit because of the digitization of the railway systems.

Competitive landscape

The presence of several global vendors characterizes the global ticket printers production market. The competition in the market is highly intense, with players competing to gain market share.Moreover, cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Some of the key developments are:

Zebra Technologies Corporation acquired Motorola Solution’s Enterprise business in 2014 for USD 3.45 billion in cash. The transaction was funded with USD 200 million cash in hand and USD 3.25 billion in new debt.Honeywell acquired Datamax-O’Neil, a global manufacturer of fixed and mobile printers used in a variety of retail, warehouse, and distribution, and health care applications. The USD 185 million deal was made in December of 2014.

DED Limited has been operating as a subsidiary of EET Europarts Ltd since July 2011. DED Limited distributes point of sale equipment, hardware for auto-ID applications, plastic card printers, and specialist printers.Stimare formed a strategic partnership with printing and POS hardware pioneer Custom SpA and with Infinite Peripherals globally for the sale, support and repair of products.

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Stimare in August 2014 agreed to a product distribution deal with AudienceView, one of the world’s leading providers of E-commerce and ticketing software for events and entertainment organizations.

Key Players

The key players in the ticket printers production market are identified across all the major regions based on their country of origin,  presence, recent key developments, product diversification, and industry expertise. Some of them are Bocasystems (US), Epson (Japan), Stimare (Dublin), The Custom Companies, Inc. (US), Able-systems (UK), Zebra Technologies Corporation (US), Datamax Inc. (US), Ier Blue Solutions (France), Practical Automation, Inc. (US), Skidata (India), Vidtronix (US), Masung (Schengen), Fujitsu (Japan), Star (US), and Ded Ltd (UK). These players contribute significantly to market growth.

Apart from the top key players, the other players contribute nearly 35–40% in the ticket printers production market. These are Avery Dennison (US), Citizen Systems Japan (Japan), Xiamen Rongta Technology (China), and Shinmei (US) among others.

Intended Audience

System integrators

OEMs/ODMs

Electronic component manufacturers

Resellers and distributors

Consultancy and advisory firms

Consulting firms

Research institutes and organizations

Technology standards organizations

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