Printer Market In Russia Is Poised To Grow At 0.53% CAGR To 2018 : Radiant Insights,Inc

San Francisco, May 24, 2016 (GLOBE NEWSWIRE) -- Printing is a process to print text or images using a template. There are 2 types of printers, namely impact and non-impact printers. Impact printers print text on paper, when the print head strikes the paper. Non-impact printers encompass laser printer, inkjet printers, and thermal printers.

The printer market in Russia is poised to grow at 0.53% CAGR over the forecast period (2013-2018). The increasing dependence on the Internet, smartphones, and cloud storage are factors driving the market. Russia’s printing industry has a reported 10-11% annual growth rate. Although the economic recession of 2008 had stymied growth rates, the printer industry will face an upswing over the coming years.

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Since Russia has joined the World Trade Organization (WTO) in 2011, it will get rid of some major constraints of companies wishing to establish manufacturing bases in the country. The American Technology Print Center established in 2003 has helped connect distributors and manufacturers.

The Russian printer market can grow by printing local books and novels at economical rates. It relies on the same technology and inks as of their Western counterparts. Black and white printing is very popular, mainly due to the high cost of color inks.

The printer market can capitalize by investing in upcoming technologies such as 3D printing, print packaging, and multi-function printers (MFPs). The demand for color prints at feasible rates will drive the market exponentially. Various services of the printer market are lithographic printing, gravure printing, quick printing, screen printing, and book printing. Lithographic printing is the most lucrative service with applications in magazines, catalogs, advertising, and label and wrapper printing.

Consumables of the market include toners and inks. Clone printing cartridges are threatening the growth of this segment, eating into the revenue stream of refills and originals.

Key manufacturers of the printer market in Russia include Canon Inc., Xerox Corp., Hewlett-Packard Co., Samsung Electronics Co. Ltd., and Seiko Epson Corp.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Printer Market in Russia for the period 2014-2018. The report covers inkjet printers including inkjet MFPs and laser printers including monochrome laser printers, color laser printers, and laser MFPs. To calculate the market size, the report considers revenue generated from the sales of the above mentioned printers. It also presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the market. In addition, the report discusses the major drivers that influence the growth of the printer market in Russia. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

TechNavio's report, the Printer Market in Russia 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Russian Printer Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Region

  • Russia

Key Vendors

  • Brother Industries Inc.
  • Canon Inc.
  • Hewlett-Packard Co.
  • Samsung Electronics Co. Ltd.
  • Xerox Corp.

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Other Prominent Vendors

  • Eastman Kodak Co.
  • Konica Minolta Inc.
  • Lexmark International Inc.
  • Ricoh Co. Ltd.
  • Seiko Epson Corp.

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Source: Radiant Insights