The global printer market will expand by a compound annual growth rate of 4.2 per cent between 2012 - 2016, according to the latest set of forecasts from TechNavio.
These are based on in-depth market research across the Americas and EMEA and APAC regions, with input from industry experts across the world.
Analysts believe one of the key factors to this growth will be an increasing demand for inkjet printers, as the likes of Epson, Canon and prepare for a high uptake of their new devices.
According to marketresearchreports.biz, the market has also witnessed an increasing interest in colour prints, produced by machines like the Epson Stylus Pro.
Indeed, the report named Brother Industries Ltd., Cannon Inc., Hewlett-Packard Co., and Seiko Epson Corp as the market's key vendors. TechNavio also backed the printing arm of Samsung Electronics Corp. Ltd. to flourish over the next three years.
The growth is however subject to improvements in the global economy, as a slowdown in key markets could pose a challenge to the industry's prospects.
As reported by consumerelectronicsnews.com, the report will also look into market trends, what's driving the market as well as the opportunities and threats faced by key vendors when it gains its full release.