Card Printers Market Trend, Share, Growth, Size and Forecast 2030

Card Printers Industry Prospective:

The global card printers market size was evaluated at $117 million in 2022 and is slated to hit $177 million by the end of 2030 with a CAGR of nearly 4.3% between 2023 and 2030.

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Card Printers Market: Overview

A card printer is a kind of computer printer that helps in printing on plastic cards including credit cards, identification cards, and membership cards. Reportedly, these products find a slew of applications in various end-use sectors for printing identification badges of staff, ID cards, and loyalty cards. Moreover, this helps various businesses keep the employee attendance track along with offering loyalty coupons to customers of various retail stores as well as supermarkets.  

Key Insights

• As per the analysis shared by our research analyst, the global card printers market is projected to expand annually at the annual growth rate of around 4.3% over the forecast timespan (2023-2030)
• In terms of revenue, the global card printers market size was evaluated at nearly $117 million in 2022 and is expected to reach $177 million by 2030.
• The global card printer market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for products from private firms to print employee IDs.
• In terms of type, the retransfer segment is slated to register the highest CAGR over the forecast period.
• Based on the end-user, the banking segment is expected to dominate the segmental growth in the coming seven years.
• Based on printing technology, the inkjet segment is expected to lead the connectivity landscape in the forecast timeline.
• Region-wise, the Asia-Pacific card printers industry is projected to register the fastest CAGR during the forecast timespan.

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Card Printers Market: Growth Factors

Humungous product penetration in the educational institutes & IT sector to boost the global market trends 

Escalating demand for products from private firms to print employee IDs is likely to boost the expansion of the global card printers market. The immense popularity of personalized cards with a preference for customization in the gift sector is likely to generate a new space for the growth of the global market. A prominent demand for card printers in educational institutes for printing library cards and student ID cards will steer the expansion of the market across the globe. The flourishing manufacturing industry along with the necessity of reducing the time & wastage of material is likely to embellish the expansion of the market across the globe.

An increase in the smart card & RFID development has helped in increasing the manufacture and sale of card printers in recent years. The rise in the consumer base and the need for employee identification in the IT sector has resulted in huge global market demand. New product launches are projected to contribute immensely towards the expansion of the market globally. For instance, Evolis, a key manufacturer of badge & card printers, introduced Agilia, a retransfer card printer that is designed and produced in France.

Card Printers Market: Restraints

A surge in the price of raw components & disturbances in the supply chain can impede the global industry expansion by 2030

A rise in raw material costs and oscillations in supply chain activities will deter the expansion of the global card printers industry. Changing government guidelines and strict government policies regarding granting of licenses to firms over the use of the card printers for printing IDs for staff can prove as a big hindrance in the growth path of the global industry.  

Card Printers Market: Opportunities

Immense use of products in education, banking, and government institutes to generate new facets of growth for the global market 

Card printers help the end-use sectors in reducing dependence on printing agencies, thereby helping the firms have complete control of production as well as the design of badges, ID cards of employees, and various other printed materials. All these aforementioned aspects are likely to open new growth avenues for the card printers market across the globe. Huge product penetration in banking, education, and government institutes is likely to spearhead the growth of the market globally. Low printer costs as well as reduction in the accessory costs along with demand for ID cards for students & security personnel for identifying them is likely to enlarge the scope of the growth of the global market in the coming years.

Card Printers Market: Challenges

The growing requirement of initial investments for card printing establishments can prove a challenging task for the global industry expansion

The high need for initial investment required for setting up the card printing unit and a surge in the need for apt configuration settings for printers to run proficiently has posed a big challenge for the global card printing industry's growth. The humungous need for experts for efficient card printing can prove to be a huge impediment in the global industry surge.  

Card Printers Market: Segmentation

The global card printers market is sectored into type, end-user, printing technology, connectivity, and region.

In type terms, the card printers market across the globe is divided into single-sided, retransfer, dual-sided, and high-speed segments. Furthermore, the retransfer segment, which amassed about 38% of the global market share in 2022, is expected to register the fastest annual rate of growth over the forecast timeline. The expansion of the segment during 2023-2030 can be a result of the operation of retransfer printers through image printing on a transparent tape that is upside down. For the record, these printers can print at nearly 600 dpi.  

Based on the end-user, the global card printers industry is sectored into banking, healthcare, government, information technology, hospitality, retail, education, transportation, manufacturing, and other segments. Additionally, the banking segment, which garnered a key share of the global industry in 2022, is anticipated to dominate the segmental expansion in the forecasting timeline. The segmental expansion over the next seven years can be due to the rise in the penetration of card printers in the banking sector. A prominent surge in cashless and online banking transactions via debit and credit cards is likely to boost the segmental surge.    

Based on the printing technology, the card printers market globally is segregated into thermal transfer, dye-sublimation, inkjet, and laser segments. Moreover, the inkjet segment, which contributed a major share of the global market in 2022, is set to record exponential growth in the forecast timeline. The segmental surge over the period from 2023 to 2030 can be a result of a rise in the use of inkjet printers for printing ID cards with the help of card printers.

Based on the connectivity, the global card printers industry is divided into wireless, USB, and ethernet segments.

Card Printers Market: Report Scope

Card Printers Market: Regional Insights

North America is predicted to retain its global market domination over the forecast timespan

North America, which contributed about 45% of the global card printers market proceeds in 2022, will be a leading region in the forecast timespan. Moreover, the regional market surge over the period from 2023 to 2030 can be ascribed to a rise in product usage in countries such as the U.S. In addition to this, a surge in the acceptance of card printers in banks & educational institutes in the country will prompt a regional market surge in the upcoming years. Apart from this, a rise in the presence of card printer producers in countries such as Canada and the U.S. along with product innovations will steer the expansion of the market in the region.  

Asia-Pacific card printers industry is predicted to record the fastest CAGR in the next few years. The growth of the industry in the sub-continent over the forecast timespan can be credited to a rise in demand for card printers in various end-use sectors in countries such as China. Moreover, easy access to low-priced rewritable printers along with the export of inkjet printers will steer the expansion of the industry in the region.  

Card Printers Market: Competitive Space

The global card printers market profiles key players such as:

• Canon Inc.
• Zebra Technologies Corporation
• Kanematsu USA Inc. (Nisca & Swiftcolour)
• Entrust Corporation
• Magicard NEO
• (IDPRT) by Xiamen Hanin Electric Technology Co. Ltd.
• Evolis
• Seiko Epson Corporation
• DASCOM Americas Corporation
• ID Tech Solutions Pvt. Ltd.
• Matica Technologies AG
• IDP Corp
• CIM USA
• HID Global Corporation
• HP Development Company

The global card printers market is segmented as follows:

By Type

• Single-Sided
• Dual-Sided
• Retransfer
• High-Speed

By End-User

• Banking
• Healthcare
• Government
• Information Technology
• Hospitality
• Retail
• Education
• Transportation
• Manufacturing
•  Others

By Printing Technology 

• Dye-Sublimation
• Inkjet
• Thermal Transfer
• Laser

By Connectivity 

• Wireless
• USB
• Ethernet

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa