The photocopiers industry is witnessing a rapid shift from analogue copiers to digital copiers. A digital copying machine consists of a scanner for reading documents as digital data, a laser unit to form images, and an output unit for printing the image formed. Digital copiers generate better quality copies, speed up the copying process and automatically enhance image quality when compared to traditional analogue copiers. Digital copying machines support businesses with significant savings in time and cost. Major digital copying manufacturers include Brothers, Xerox, Canon, HP, Lanier, Sharp, and Toshiba. In 2016, HP acquired Samsung Electronics’ printer business and plans to sell sixteen versions of new copying machines, whereas Konica Minolta has announced copier machines with AI and IoT capabilities, thus indicating high demand for digital photo copiers.
THE BUSINESS RESEARCH COMPANY VALUED THE PHOTOGRAPHIC AND PHOTOCOPYING EQUIPMENT MANUFACTURING MARKET AT $37 BILLION IN 2017
Asia Pacific was the largest geographic region accounting for more than half of the market share.
The chart below shows the year-on-year growth of the global photographic and photocopying equipment manufacturing market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, this market is rapidly growing owing to the increasing yearning for tours among people. With the boost in travel industry, artists are progressively demonstrating their travel photographs. Photography is a very essential part of trips that help in capturing the timeless stills of the place. This trend of travel photography is set to increase in the upcoming years in both the editorial and commercial world.
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Canon Inc. was the largest competitor in the photographic and photocopying equipment manufacturing market, with revenues of $29 billion for the financial year 2016. Since 2016, Canon has embarked on Phase V of the Excellent Global Corporation Plan, confident in its strategy to foster growth amid the changing social and economic tides of recent years. At the heart of this management strategy are two holistic themes of materiality for sustainability that Canon will address in its efforts to provide solutions to the issues facing the global society.
Photographic And Photocopying Equipment Manufacturing include companies manufacturing photographic and photocopying equipment such as cameras (except television and video), projectors, film developing equipment, photocopying equipment, and microfilm equipment.
Photographic and Photocopying Equipment Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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