According to the research report titled ‘Global Printing Hardware Market: Analysis By Format (A2, A3, A4, Others), Supplies, End User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global printing hardware market was remunerated at USD 45033.22 million in 2020 and is projected to record significant growth over 2021-2026.
 

Emphasis on transfer of knowledge & expertise among the workforce, along with co-development of manufacturers result in documentation and distribution of printed copies, catalyzing the growth of worldwide printing hardware market.
 

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However, widespread usage of tablets and smartphones, cost reduction initiatives, and approach towards sustainability leading to decrease in use of paper are acting as restraints for the global printing hardware market. Additionally, the trend of digitalization, and increased popularity of social networking are hampering the market outlook.
 

Based on format, the market is segmented into A4, A3, and A2 among others. The report cites that A4 segment is slated to grow continuously over the forecast period, as A4 paper size is extensively used in forms, magazines, catalogues, documents, and letters among others.
 

On the basis of supplies, global printing hardware marketplace is divided into branded, and non-branded. While the end user spectrum includes school, office, home and commercial including others.
 

Moving on regional outlook, the study document states that Asia-Pacific printing hardware industry is likely to showcase remunerative growth over the forecast period, owing to increased volume of printing in the education sector in developing countries like India.
 

Key contenders in global printing hardware industry include Sharp Corporation, Ricoh Company Ltd., Xerox Holdings Corporation, Fujifilm Holdings Corporation, Konica Minolta Inc., Brother Industries Ltd., Canon Inc., Seiko Epson Corporation, Kyocera Corporation, and Hewlett Packard Enterprise Company.