Multi Function Printer Market Report 2025 (Global Edition)

Global Multi Function Printer Market Report 2025 Market Size Split by Type Outlook: (Laser, Inkjet), by Application Outlook: (Residential, Commercial), by Color Capability Outlook: (Monochrome, Color)...

Multi Function Printer Market Report Description

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Multi Function Printer Market Insights Video

Competitive Landscape of the Multi-Function Printer Market

In the Multi-Function Printer market's competitive landscape, numerous key competitors are driving innovation and growth. The organization is employing organic growth strategies to broaden the extent and diversity of its offerings. These significant corporations frequently implement strategic initiatives, including mergers and acquisitions, facility expansions, and partnerships, in order to broaden their consumer base, enhance their market positions, and diversify their product offerings. These organizations consistently allocate resources to research and development in order to enhance their designs and incorporate cutting-edge technologies, thereby maintaining a competitive edge.

In May 2023, Epson announced the availability of its SureColor T-Series multifunction printers, which include the 36-inch SureColor T5770DM and 44-inch SureColor T7770DM. These printers are optimal for high-speed CAD and graphics printing due to their integrated 36-inch wide dual-light scanner, which enables high-speed scanning and copying. They provide advanced printing capabilities, wireless connectivity, and versatile high-speed scanning, as well as support for a diverse array of media, all within a compact design. These models are designed to produce high-quality prints and improve business productivity by incorporating PrecisionCore TFP printhead technology and UltraChrome XD3 six-colour inks. (Source: https://news.epson.com/news/surecolor-t-series-multifunction-production) In April 2023, Ricoh introduced the IM (Intelligent-Multifunction) series of A3 color multifunction printers (MFPs) with a 50% recycled material content, with the objective of achieving superior environmental performance. Ricoh's dedication to the establishment of a circular economy and zero-carbon society is underscored by this initiative. The IM series significantly reduces its carbon footprint by utilizing recycled plastics and reducing power consumption. The packaging of these MFPs is composed of paper-based materials and features advanced eco-friendly designs. Ricoh's environmental objectives for 2030 and 2050 were significantly advanced through the implementation of a cross-functional team to guarantee sustainability and superior quality within the development process. (Source: https://www.ricoh.com/news/stories/articles/products-mfp-using-recycled-plastic) In July 2024, The acquisition of Micronics, a 3D printing startup renowned for its desktop SLS printer, the Micron, by Formlabs was announced today. The next generation of accessible SLS 3D printers will be developed by Formlabs, which will be joined by founders Henry Chan and Luke Boppart. Micronics will terminate their Kickstarter campaign and remit a $1,000 credit to all backers for Formlabs products, as well as a complimentary Open Materials License. The acquisition is designed to improve the accessibility of SLS technology by integrating Formlabs' established expertise with Micronics' innovation. (Source: https://formlabs.com/asia/blog/formlabs-acquires-micronics/?srsltid=AfmBOopL9qt6mcJ24YE1kQyOaPF8Hs0zjy3EHF8LhuaLAwaLD_nLZS8W)

Top Companies Market Share in Multi Function Printer Industry: (In no particular order of Rank)

• Brother Industries Ltd.
• Canon Inc.
• Eastman Kodak Co.
• Hewlett Packard Enterprise Co.
• Konica Minolta Inc.
• Kyocera Corp.
• Lexmark International Inc.
• Oki Electric Industry Co. Ltd.
• Panasonic Holdings Corp.
• Ricoh Co. Ltd.
• Samsung Electronics Co. Ltd.
• Seiko Epson Corp.
• Sharp Corp.
• Xerox Holdings Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Multi-Function Printer Market

Which Region Dominates the Multi-Function Printer Market in 2024?

According to Cognitive Market Research, North America currently dominates the Multi-Function Printers market, and the region is expected to have significant growth during the anticipated period. The adoption of smart office services, technological advancements in printing solutions, and a robust presence of major industry players are the primary factors driving North America's growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the anticipated period, with the greatest compound annual growth rate (CAGR). Rapid industrialization, the increasing number of home office setups, and the adoption of new printing technologies in countries such as Japan, China, and India are the primary factors driving Asia Pacific's growth.

The current report Scope analyzes Multi Function Printer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Multi Function Printer Market Analysis

According to Cognitive Market Research, the global Multi-Function Printer market size was estimated at USD 31524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 12609.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Multi-Function Printer market with a market size of USD 9949.13 million in 2024 and is anticipated to grow at a CAGR of 5.9% during the projected period. The U.S. market's Substantial investment in smart office solutions and digital transformation.
• The Canada Multi-Function Printer market had a market share of USD 1513.18 million in 2024 and is anticipated to grow at a CAGR of 6.9% during the projected period. Canada’s government provides substantial support for technological advancements in printing.
• The Mexico Multi-Function Printer market is anticipated to see growth at a CAGR of 6.6% during the projected period, with a market size of USD 1147.49 million in 2024.

Europe Multi Function Printer Market Analysis

According to Cognitive Market Research, the global Multi-Function Printer market size was estimated at USD 31524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 9457.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• The United Kingdom Multi-Function Printer market had a market share of USD 1588.83 million in 2024 and is anticipated to grow at a CAGR of 7.2% during the projected period. In the UK, Multi-Function Printer sales see an upswing due to the increasing Implementation of sustainability initiatives and smart office technologies.
• The France Multi-Function Printer market is anticipated to see growth at a CAGR of 5.6% during the projected period, with a market size of USD 870.08 million in 2024.
• According to Cognitive Market Research, the German Multi-Function Printer market size was valued at USD 1872.56 million in 2024 and is anticipated to grow at a CAGR of 6.6% during the projected period. In Germany, Multi-Function Printer surged due to the Increased focus on industrial applications and printing solutions that are highly innovative.
• The Italy Multi-Function Printer market is anticipated to see growth at a CAGR of 5.8% during the projected period, with a market size of USD 813.33 million in 2024.
• The Russia Multi-Function Printer market is anticipated to see growth at a CAGR of 5.4% during the projected period, with a market size of USD 1465.89 million in 2024.
• The Spain Multi-Function Printer market is anticipated to see growth at a CAGR of 5.5% during the projected period with a market size of USD 775.50 million in 2024
• The Luxembourg Multi-Function Printer market is anticipated to see growth at a CAGR of 6.5% during the projected period, with a market size of USD 293.18 million in 2024.
• The Portugal Multi-Function Printer market is anticipated to see growth at a CAGR of 6.2% during the projected period, with a market size of USD 198.60 million in 2024.
• The Greece Multi-Function Printer market is anticipated to see growth at a CAGR of 6.7% during the projected period, with a market size of USD 113.49 million in 2024.
• The Rest of Europe's Multi-Function Printer market is anticipated to see growth at a CAGR of 5.1% during the projected period, with a market size of USD 1465.89 million in 2024.

Asia Pacific Multi Function Printer Market Analysis

According to Cognitive Market Research, the global Multi-Function Printer market size was estimated at USD 31524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 7250.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Multi-Function Printer market size was valued at USD 3262.79 million in 2024 and is anticipated to grow at a CAGR of 9.4% during the projected period. Multi-function printers surged in China due to rapid industrialization and the adoption of advanced printing technologies.
• The Japan Multi-Function Printer market is anticipated to see growth at a CAGR of 8.4% during the projected period, with a market size of USD 1000.59 million in 2024.
• The India Multi-Function Printer market had a market share of USD 870.08 million in 2024 and is anticipated to grow at a CAGR of 11.7% during the projected period. India's rising Digitalization initiatives and the expansion of the manufacturing sector.
• The South Korean Multi-Function Printer market is anticipated to see growth at a CAGR of 9.0% during the projected period, with a market size of USD 725.06 million in 2024.
• The Australian Multi-Function Printer market is anticipated to see growth at a CAGR of 9.6% during the projected period, with a market size of USD 377.03 million in 2024.
• The South East Asia Multi-Function Printer market is anticipated to see growth at a CAGR of 10.9% during the projected period, with a market size of USD 500.29 million in 2024.
• The Rest of Asia Pacific Multi-Function Printer market is anticipated to see growth at a CAGR of 9.7% during the projected period, with a market size of USD 514.80 million in 2024.

South America Multi Function Printer Market Analysis

According to Cognitive Market Research, the global Multi-Function Printer market size was estimated at USD 31524.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1576.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Multi-Function Printer market size was valued at USD 674.62 million in 2024 and is anticipated to grow at a CAGR of 7.9% during the projected period. Multi-function printers flourished in Brazil due to increasing Governmental initiatives to modernize business and education infrastructures.
• Argentina's Multi-Function Printer market had a market share of USD 264.81 million in 2024 and is anticipated to grow at a CAGR of 8.2% during the projected period. Argentina's demand for digital printing technologies is on the rise.
• Colombia Multi-Function Printer market is anticipated to see growth at a CAGR of 7.1% during the projected period, with a market size of USD 140.28 million in 2024.
• Peru Multi-Function Printer market is anticipated to see growth at a CAGR of 7.5% during the projected period, with a market size of USD 129.25 million in 2024.
• Chile Multi-Function Printer market is anticipated to see growth at a CAGR of 7.6% during the projected period, with a market size of USD 113.49 million in 2024.
• The Rest of Latin America's Multi-Function Printer market is anticipated to see growth at a CAGR of 6.4% during the projected period, with a market size of USD 253.77 million in 2024.

Middle East Multi Function Printer Market Analysis

According to Cognitive Market Research, the global Multi-Function Printer market size was estimated at USD 31524.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 630.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031..

• The GCC Countries Multi-Function Printer market is anticipated to see growth at a CAGR of 8.4% during the projected period, with a market size of USD 269.85 million in 2024. Multi-function printer sales flourish due to the Investment in business environments and technological advancements.
• The Egypt Multi-Function Printer market is anticipated to see growth at a CAGR of 7.9% during the projected period, with a market size of USD 66.20 million in 2024.
• The South Africa Multi-Function Printer market is anticipated to see growth at a CAGR of 8.6% during the projected period, with a market size of USD 99.62 million in 2024. Multi-function printer sales flourished in South Africa due to increasing implementation of sophisticated printing solutions in various business sectors.
• The Turkey Multi-Function Printer market is anticipated to see growth at a CAGR of 7.1% during the projected period, with a market size of USD 54.22 million in 2024.
• The Nigeria Multi-Function Printer market is anticipated to see growth at a CAGR of 6.7% during the projected period, with a market size of USD 66.20 million in 2024.
• The Rest of the MEA Multi-Function Printer market is anticipated to see growth at a CAGR of 6.6% during the projected period, with a market size of USD 74.40 million in 2024.

Multi Function Printer Market Analysis

How are Segments Performing in the Global Multi-Function Printer Market?

Multi-Function Printer Market Type Segment Analysis

According to Cognitive Market Research, Laser Multi-Function Printers are likely to dominate the Laser multifunction printers are particularly desirable in high-volume office settings due to their cost-effectiveness, high-quality output, and rapid printing capabilities. Their capacity to dependably generate crisp and clear prints renders them the preferred option for enterprises and large organizations.

The Inkjet category is the fastest-growing segment in the Multi-Function Printer Market. Inkjet multifunction printers are in high demand due to their adaptability, affordability, and compatibility with both residential and small office settings. They are a more cost-effective option for consumers and small businesses seeking cost-effective printing solutions, as they offer outstanding colour printing capabilities.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Multi Function Printer Industry. Request a Free Sample PDF!

Multi-Function Printer Market Application Segment Analysis

According to Cognitive Market Research, the Residential segment holds the largest share of the market. The primary reason for this is the growing trend of remote work and the increasing demand for home office arrangements, which has resulted in numerous households investing in multifunction printers for the sake of convenience and efficiency. These printers are capable of printing, scanning, copying, and faxing, which eliminates the necessity for multiple devices and conserves space in residential settings.

In the Multi-Function Printer Market, the Commercial sector has been expanding at a rapid pace. Businesses and large organizations are progressively incorporating multifunction printers into their operations in order to optimize their efficiency and minimize expenses. These printers are indispensable for managing high-volume printing tasks, ensuring dependable performance, and facilitating a variety of office functions. The rapid expansion of this category is fueled by the commercial sector's requirement for printing solutions that are both versatile and efficient.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Multi Function Printer Color Capability Outlook: Segment Analysis

Multi-Function Printer Market Color Capability Segment Analysis

According to Cognitive Market Research, The Monochrome segment holds the largest market share. Monochrome printers are the preferred choice in business and office settings because of their cost-effectiveness, reliability, and quicker printing capabilities for black-and-white documents. They are a practicable choice for many organizations, as they are particularly favoured for high-volume printing duties where colour printing is not necessary.

In the Multi-Function Printer market, the rapidly growing sector is the Color category. This expansion is driven by the growing demand for high-quality, vibrant colour reproductions for creative projects, presentations, and marketing materials. Home users and enterprises alike are drawn to colour multifunction printers due to their adaptability and capacity to manage a diverse array of printing duties. The category's rapid expansion is contributed to by the decreasing cost of colour pigment and the advancements in colour printing technology.

• Monochrome
• Color

Multi Function Printer Connectivity Outlook: Segment Analysis

Multi-Function Printer Market Connectivity Segment Analysis

According to Cognitive Market Research, the Wired segment dominates the market. In numerous business and office settings, wired printers are the preferred choice due to their dependable and stable connections, which guarantee consistent printing performance without the probability of network interference or signal loss. Additionally, they are generally simpler to install and maintain, rendering them a feasible option for organizations that have a need for dependable printing solutions.

The Wireless category is anticipated to be the fastest-growing segment in the Multi-Function Printer market. This growth is driven by the growing demand for convenience and flexibility, as wireless printers enable users to print from multiple devices without the necessity of physical cables. They are particularly popular in residential environments and small offices where space is limited and simplicity of use is a priority. Wireless printers are an appealing alternative for numerous consumers and businesses due to their clutter-free setup and the capacity to print remotely.

• Wireless
• Wired

Multi Function Printer Maximum Paper Capacity Outlook: Segment Analysis

Multi-Function Printer Market Maximum Paper Capacity Segment Analysis

According to Cognitive Market Research, the Upto 2000 Sheets segment dominates the market. This is primarily due to the fact that the majority of home users and small offices require printers that can accommodate moderate volumes of printing without the necessity for frequent paper cartridge refills. These printers are compact, cost-effective, and suitable for the majority of consumers who do not require high-capacity printing solutions.

The Above 4000 Sheets category is anticipated to be the fastest-growing segment in the Multi-Function Printer market. This expansion is in response to the growing demand from large enterprises and businesses that necessitate high-volume printing capabilities. These organizations require printers that can efficiently manage large print tasks, thereby enhancing productivity and reducing downtime. The demand for high-capacity printers is anticipated to increase significantly as businesses continue to expand and their printing requirements increase.

• Upto 2000 Sheets
• 2000-3000 Sheets
• 3000-4000 Sheets
• Above 4000 Sheets

Multi Function Printer Distribution Channel Outlook: Segment Analysis

Multi-Function Printer Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Offline segment dominates the market. This is because a significant number of consumers and businesses continue to favour purchasing printers from tangible retail stores, as they are able to inspect and test the products prior to making a purchase. Additionally, offline sales channels offer the benefit of immediate availability and the capacity to receive in-person consumer support and service.

The Online category is anticipated to be the fastest-growing segment in the Multi-Function Printer market. Online shopping's ease, variety, and low prices are attracting more customers. E-commerce platforms and corporate websites provide a selection of multifunction printers with thorough evaluations and comparisons to assist shoppers in choosing. Online shopping is projected to continue due to digital penetration and home delivery preferences.

• Online
• Offline

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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