Global Copier Market Size, Trades, COVID-19 Impact & Growth By Type (Monochrome Copiers and Color Copiers), By Technology (Analog Copiers and Digital Copiers), By End-Use (Residential, Commercial, Government, Educational Institutions), By Distribution Channel (Direct Sales and Indirect Sales), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Copier Market size is expected to be worth around USD 802.7 Million by 2032 from USD 685.6 Million in 2022, growing at a CAGR of 1.63% during the forecast period from 2023 to 2032.

A copier, often referred to as a photocopy machine or simply photocopy, is a machine that makes paper copies of documents and other visual images quickly and cheaply. Copiers can work on the principle of static electricity. Modern digital copiers can also double as a printer, scanner, and fax machine, often integrating multiple functionalities into one unit. These machines come in various sizes, from compact, personal-use devices to larger commercial-grade machines that can churn out high volumes of copies for businesses.

The global copier market is a vast industry that encompasses a wide range of devices, from small desktop units to large commercial-grade machines. With the advent of digital technology, traditional analog copiers started to be replaced by multifunction printers (MFPs) which combined printing, copying, scanning, and sometimes faxing into one device. These MFPs brought more efficiency and versatility, allowing businesses and homes to save space and costs.

Actual Numbers Might Vary in the Final Report

Driving Factors

The global copier market has been driven by several key factors over the years. The expansion of businesses and educational institutions worldwide necessitates document reproduction, fueling demand for copiers. The rise of multifunction printers (MFPs) has also significantly influenced the market; these devices, which consolidate printing, copying, scanning, and sometimes faxing, cater to the demand for versatile and space-saving solutions, especially in space-constrained offices.

Technological advancements leading to faster, more efficient, and energy-saving models have further spurred market growth. In emerging economies, rapid urbanization and industrialization have created a surge in demand as businesses and educational institutions proliferate.

Restraining Factors

The accelerating shift towards a paperless culture, driven by environmental concerns and the convenience of digital storage solutions has impeded the growth of this market. Cloud computing and digital communication tools, like emails and collaborative platforms, have reduced the reliance on physical copies, thus dampening the demand for traditional copiers.

The increasing use of mobile devices, such as tablets and smartphones, further diminishes the need for printed documents. Additionally, the high initial cost of advanced copiers and the ongoing expenses for maintenance and consumables can deter potential buyers, especially smaller businesses.

Type Analysis

In the global copier market, products are primarily segmented into Monochrome Copiers, which produce black-and-white copies, and Color Copiers, which offer full-color output. While monochrome copiers have traditionally dominated, prized for their cost-efficiency and rapid output in high-volume settings like offices and schools, there’s been a growing shift towards color copiers.

This shift is fueled by sectors valuing aesthetic presentation, such as marketing and design firms. Despite the higher operational costs associated with color copiers, due to multiple toner cartridges, their capability to produce vibrant, high-quality images has increasingly gained traction in various industries. Nonetheless, monochrome copiers retain a significant market share, emphasizing their enduring appeal for bulk, cost-effective printing.

Technology Analysis

Based on technology, the global copiers market is categorized into Analog Copiers and Digital Copiers. Digital Copiers have surged in popularity in recent years. These machines function by scanning the original document and saving a digital image, which can then be printed multiple times, emailed, or stored. Digital copiers offer advantages like multi-functional capabilities (combining printing, scanning, and sometimes faxing), better image quality, and integration with network systems, making them a favorite for modern businesses.

While analog copiers are now less prevalent in the market due to their limitations and the ascendancy of digital technology, they still find use in specific scenarios or regions where advanced technology penetration is limited. Overall, the push towards digitization and multifunctionality has ensured the dominance of digital copiers in the contemporary market landscape.

Growth Opportunities

The integration of advanced technologies, like AI and IoT, can make copiers more innovative and more efficient, catering to the modern needs of businesses. There’s potential in developing models that seamlessly fit into the digital ecosystem, facilitating cloud printing and integrating with digital storage solutions. Emerging markets, where business infrastructures are still evolving, provide a vast untapped customer base. Additionally, the trend toward sustainability offers an avenue for growth.

Manufacturers who focus on producing eco-friendly, energy-efficient models with recyclable components can capture the attention of environmentally-conscious consumers. Furthermore, as businesses slowly adapt to post-pandemic norms, hybrid working models combining both remote and on-site work could renew demand for centralized copying solutions, especially multifunction devices that cater to diverse office needs.

Latest Trends

The global copier market is currently growing due to the increasing integration of cloud connectivity and digital solutions in copiers, allowing users to print directly from or save to the cloud, streamlining document management processes. The rise of intelligent copiers equipped with AI capabilities is another factor; these machines can predict maintenance needs, optimize performance, and offer enhanced security features.

The demand for compact, space-saving designs, especially in Multifunction Printers (MFPs), has been notable, catering to businesses with limited office space but diverse requirements. Sustainability continues to shape the market, with a growing preference for eco-friendly and energy-efficient models that reduce carbon footprints and operational costs.

End-Use Analysis

Based on end-use, the market is segmented into various applications in different sectors, namely Residential, Commercial, Government, and Educational Institutions. Residential users typically opt for compact, multi-functional, and cost-effective copiers that cater to occasional home office tasks or personal needs. In the Commercial sector, copiers are indispensable, with businesses requiring efficient, high-volume, and networked devices to handle the gamut of their operational requirements.

The Government segment, encompassing various administrative and public service functions, often leans towards robust, secure, and high-capacity copiers, given the vast amount of paperwork and documentation involved. Meanwhile, Educational Institutions, such as schools and universities, demand reliable copiers that can handle the high-frequency printing of study materials, research papers, and administrative documents.

Distribution Channel Analysis

Based on distribution channels, there are two primary categories: direct and indirect sales. Direct sales allow companies to achieve higher profit margins by eliminating intermediaries, offering greater control over pricing, establishing a closer relationship with customers, and potentially ensuring faster order turnaround times. However, this method can limit market reach, require substantial initial investment, and necessitate handling all customer-facing responsibilities directly.

On the other hand, indirect sales offer an extended market reach through intermediaries such as distributors and retailers. This allows distribution of risk, focused production, and benefits from local market expertise, but often at the expense of reduced profit margins, less pricing control, potential brand dilution, and delayed customer feedback.

Global Copier Market Segments Includes:

Based on Type

• Monochrome Copiers
• Color Copiers

Based on Technology

• Analog Copiers
• Digital Copiers

Based on End-Use

• Residential
• Commercial
• Government
• Educational Institutions

Based on the Distribution Channel

• Direct Sales
• Indirect Sales

COVID-19 Impact Analysis

The global copier market experienced significant disruptions due to the COVID-19 pandemic. As countries implemented lockdowns and businesses temporarily closed or shifted to remote work, the immediate demand for centralized office equipment, including copiers, saw a noticeable decline. With educational institutions transitioning to online learning and government bodies adapting to remote administrative functions, the use of physical documents and, consequently, copiers, decreased. Additionally, supply chain disruptions affected the availability of new units and spare parts.

However, as the pandemic persisted, there was a resurgence in demand, particularly in the residential segment, as people set up home offices and sought compact, multifunction copiers for personal use. The crisis also accelerated digital transformation, nudging companies to explore integrated digital solutions within copiers for more flexible and remote-accessible operations. While the market faced short-term challenges, the pandemic underscored the evolving needs and adaptability of the copier industry in a rapidly changing environment.

Regional Analysis

Asia-Pacific holds the majority of the market share, due to rapid industrialization, the surge in business establishments, and the higher dependency on physical documentation in countries like China, India, and Japan. North America and Europe have mature markets, primarily driven by technology advancements and the replacement demand for outdated devices.

Latin America, on the other hand, showcases a growing demand due to expanding businesses and a rising number of educational institutions. The Middle East and Africa region presents potential growth opportunities, although the adoption rate is comparatively slower than other regions. However, infrastructure developments and investments in sectors like education and business in MEA are set to boost the copier market in the near future.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • United Arab Emirates
  • Rest of the Middle East & Africa

Market Share & Key Players Analysis

The global copier market is highly competitive and fragmented, with a few key players operating in the market. These players focus on expanding their product offerings and strengthening their market image through strategic partnerships.

Market Key Players:

• Ricoh Company Inc.
• Xerox Corporation
• Canon Inc.
• HP Inc.
• Konica Minolta Inc.
• Brother International
• DELL
• Sharp Corporation
• Toshiba Corporation
• Kyocera Corporation
• Oki Data
• Other Key Players

Recent Developments:

• In May 2023, Ricoh and Toshiba will combine the production of printers, copiers, and other office machines.
• In May 2023, Canon unveiled new models in their range of A3 and A4 color and black-and-white laser Multi-function Devices (MFDs).
• In July 2022, Brother International Pvt Ltd. launched five innovative A3 multi-functional devices tailored for contemporary businesses and flexible work settings.
• In February 2022, Kyocera rolled out the TASK Alfa 7054ci/7004i series, focusing on A3 multi-purpose functionalities. Alongside, they introduced three monochrome printers known for their crisp black-and-white outputs.

Report Scope: