Product Code: ETC349704 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India thermal printing market import shipments exhibited a robust CAGR from 2020-2024 of 53.4%, showcasing significant expansion. Although the growth rate between 2023 and 2024 slightly decreased to 35.4%, the market trend remains overwhelmingly positive, indicating sustained momentum and growth potential.
The India thermal printing market size is estimated to be around $220 Million during 2025, growing from $162 Million during 2025 at a CAGR 9% over this period owing mainly due to increasing adoption of direct transaction technologies like ATM machine receipts or ticketing kiosks that require use these printers coupled with establishment government regulations mandating implementation full scale digitization initiatives across multiple industries that involves usage & adaption upgraded infrastructure providing suitable opportunities for vendors offering these products.
The India thermal printing market is experiencing substantial growth due to the widespread adoption of thermal printers across various industries. Thermal printing technology is widely used in barcode labels, receipts, tickets, and packaging labels. The ease of use, low maintenance requirements, and high printing speed are key factors driving the demand for thermal printers in India, contributing to the expansion of the market.
While the India thermal printing market is expanding, it faces challenges related to technological advancements and competition from alternative printing technologies. Although thermal printing offers advantages in terms of simplicity and cost-effectiveness, other printing technologies, such as inkjet and laser printing, are continuously improving in terms of print quality and speed. Meeting the evolving demands of customers and maintaining a competitive edge in the face of technological advancements are key challenges for the thermal printing market in India.
The India thermal printing market faced challenges during the COVID-19 pandemic due to the economic slowdown and disruptions in various industries. The reduced investment in infrastructure and office equipment during the lockdowns led to a temporary decline in thermal printer sales. Additionally, remote working and reduced office operations affected the demand for printing solutions. However, as businesses resumed operations and adapted to remote working setups, the demand for thermal printers for home offices and decentralized workplaces increased. The growth in e-commerce and online education also contributed to the market`s recovery as thermal printing remained essential for shipping labels, packaging, and educational materials.
The India thermal printing market has major players like Epson India Pvt. Ltd., Honeywell Automation India Limited, TVS Electronics Limited, and Zebra Technologies India Private Limited. These companies are renowned for their thermal printing solutions, including printers, labels, and other accessories, catering to a wide range of industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Thermal Printing Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Thermal Printing Market Revenues & Volume, 2021 & 2031F |
3.3 India Thermal Printing Market - Industry Life Cycle |
3.4 India Thermal Printing Market - Porter's Five Forces |
3.5 India Thermal Printing Market Revenues & Volume Share, By Printer Format, 2021 & 2031F |
3.6 India Thermal Printing Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Thermal Printing Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Thermal Printing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for barcode and RFID printing applications |
4.2.2 Growing e-commerce industry in India |
4.2.3 Adoption of thermal printing technology for ticketing and labeling purposes |
4.3 Market Restraints |
4.3.1 High initial investment cost for thermal printing equipment |
4.3.2 Competition from alternative printing technologies |
4.3.3 Limited awareness and adoption of thermal printing in certain sectors |
5 India Thermal Printing Market Trends |
6 India Thermal Printing Market, By Types |
6.1 India Thermal Printing Market, By Printer Format |
6.1.1 Overview and Analysis |
6.1.2 India Thermal Printing Market Revenues & Volume, By Printer Format, 2021-2031F |
6.1.3 India Thermal Printing Market Revenues & Volume, By Barcode, 2021-2031F |
6.1.4 India Thermal Printing Market Revenues & Volume, By Label, 2021-2031F |
6.1.5 India Thermal Printing Market Revenues & Volume, By POS, 2021-2031F |
6.1.6 India Thermal Printing Market Revenues & Volume, By Other, 2021-2031F |
6.2 India Thermal Printing Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Thermal Printing Market Revenues & Volume, By Direct Thermal, 2021-2031F |
6.2.3 India Thermal Printing Market Revenues & Volume, By Thermal Transfer, 2021-2031F |
6.3 India Thermal Printing Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Thermal Printing Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 India Thermal Printing Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.4 India Thermal Printing Market Revenues & Volume, By Industrial & Manufacturing, 2021-2031F |
6.3.5 India Thermal Printing Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.6 India Thermal Printing Market Revenues & Volume, By Government, 2021-2031F |
6.3.7 India Thermal Printing Market Revenues & Volume, By Other, 2021-2031F |
7 India Thermal Printing Market Import-Export Trade Statistics |
7.1 India Thermal Printing Market Export to Major Countries |
7.2 India Thermal Printing Market Imports from Major Countries |
8 India Thermal Printing Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for thermal printing solutions |
8.2 Percentage of e-commerce companies using thermal printing technology |
8.3 Adoption rate of thermal printing in the healthcare sector |
9 India Thermal Printing Market - Opportunity Assessment |
9.1 India Thermal Printing Market Opportunity Assessment, By Printer Format, 2021 & 2031F |
9.2 India Thermal Printing Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Thermal Printing Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Thermal Printing Market - Competitive Landscape |
10.1 India Thermal Printing Market Revenue Share, By Companies, 2024 |
10.2 India Thermal Printing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |