Jan 12, 2017 at 11:12 o\clock

Technavio Announces Top Five Vendors in the Global Multifunction Printer Market from 2016 to 2020

LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading - - vendors in their recent global

multifunction printer market (MFP) 2016-2020 report. This

research report also lists 14 other prominent vendors that are expected

to impact the market during the forecast period.

According to Technavio's report, the global MFP market is expected to

post a CAGR of over 5% by 2020. MFPs are attracting huge demand

worldwide, especially from the IT sector where a large portion of the

work is related to sharing information and documents. The flexibility of

MFPs helps firms to get documents on and off the network without

increasing costs. These devices are reliable, user-friendly, efficient,

and provide good-quality output.

Competitive vendor landscape

Though the global MFP market is led by only a few players, the

competition in the market is expected to intensify due to the increasing

presence of service providers along with SMBs and micro-businesses.

Vendors are expected to increase their portfolios by offering products

with unique features to emerging markets like APAC, where customers are

price sensitive and prefer long life span.

"Vendors such as HP, Canon, and Epson are gradually expanding their

business in emerging nations such as India and China, thus increasing

competition in the market. Market shares will vary based on region and

printer type," says Navin Rajendra, a lead analyst from Technavio's computing

devices research team.

Top five global multifunction printer market vendors


Canon markets, develops, and manufactures printers, MFPs, laser

printers, digital production printing systems, and document solutions.

In FY2014, Canon spent USD 2.92 billion toward R&D and generated revenue

of USD 35.31 billion.

Canon develops its printing products by using full-photolithography

inkjet nozzle engineering (FINE) technology. FINE technology enables the

company to achieve improvements in gradation expression, image quality,

and stability. It uses print head manufacturing technologies using

nano-precision semiconductor

exposure equipment.

For MFPs, FINE technology adopts electric field control technology for

simple architecture and improved image quality. This decreases the size

of MFPs by arranging toner cartridges horizontally instead of vertically.


HP offers PCs, imaging and printing-related products, networking

products, enterprise IT infrastructure (enterprise servers and storage

technology), and multi-vendor customer services.

HP develops its printers with toner cartridges that are equipped with

the JetIntelligence toner chemistry technology. It also offers a

customized printing solution by using its HP thermal inkjet printing


HP offers HP LaserJet - - Pro MFPs, HP LaserJet Enterprise MFPs, and HP

LaserJet Enterprise Flow MFPs products.

Seiko Epson

Seiko Epson develops, manufactures, and sells information-related

equipment, electronic devices, MFPs, printers, and precision products.

In FY2015, the company generated USD 9.83 billion in revenue.

The company develops its printers by using next-generation print head

technology, PrecisionCore, which offers superior output quality and


The company's main products in the market include WorkForce All-in-One

Printers, WorkForce Pro 8000 Series Muntifunction Printers, Expression

EcoTank Supertank All-in-one printers, and Expression Home All-in-One


Brother International

Brother International offers printers, all-in-one or multifunction

solutions, fax machines, labeling solutions, scanners, home sewing and

embroidery solutions, mobile printers, industrial garment printers, and

industrial sewing machines. In FY2015, the company spent around USD

386.7 million on R&D activities and generated revenue of USD 6.43


The company uses advanced capillary tube printing technology in its

inkjet MFPs. The toner and drum system is used for its laser products.


Samsung offers mono-laser printers, mono MFPs, color laser printers,

color MFPs, and A3 MFPs. In FY2014, the company generated USD 185.8

billion in revenue.

The company offers MFPs by using its improved NFC printing technology

and empowers its Smart MultiXpress series MFPs with limitless printing

app scalability on the Android OS. The Smart MultiXpress series MFP

constitutes the industry's first application of haptic technology.

The 14 other prominent vendors listed in Technavio's report include Lexmark,

Panasonic, Dell, Oki Data, Ricoh, Xerox, Kyocera, Kodak, Konica Minolta,

Olivetti, Sharp, Toshiba, Sindoh, and UTAX.

Browse Related Reports:

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About Technavio

Technavio is a leading global technology research and advisory company.

The company develops over 2000 pieces of research every year, covering

more than 500 technologies across 80 countries. Technavio has about 300

analysts globally who specialize in customized consulting and business

research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research

techniques to ascertain the size and vendor landscape in a range of

markets. Analysts obtain information using a combination of bottom-up

and top-down approaches, besides using in-house market modeling tools

and proprietary databases. They corroborate this data with the data

obtained from various market participants and stakeholders across the

value chain, including vendors, service providers, distributors,

re-sellers, and end-users.

If you are interested in more information, please contact our media team


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