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 worth USD 45033.22 million in 2020 and is anticipated to showcase lucrative growth trends between 2021 and 2026.
 

Increasing tendency of transfer of knowledge & expertise among individuals, along with co-development of manufacturers are bolstering the demand for documentation, thereby driving the growth of worldwide printing hardware market.
 

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On the other hand, increasing use of tablets and smartphones, coupled with several cost reduction initiatives adopted by companies, and approach for sustainability are decreasing the use of paper, which is acting as a retardant for global printing hardware market. Moreover, extensive digitalization and increased use of social networking are impeding the market outlook.
 

Based on format, global printing hardware industry is segmented into A3, A4, and A2 among others. As cited in the report, A4 segment held a significant industry share in the recent past and is all set to grow further in the upcoming years, owing to widescale use of A4 size papers in letters, forms, magazines, catalogues, or documents.
 

Speaking of supplies, the marketplace is categorized into branded as well as non-branded. Moving on to the end user spectrum, the industry space is classified into school, office, home, and commercial including others.
 

Geographically, Canada, United States, Mexico, United Kingdom, Germany, Italy, France, Japan, China, and India are major revenue generators for overall printing hardware industry.
 

The report claims that Asia-Pacific market is likely to showcase remunerative growth over the forecast period, owing to increased use of printing hardware in the education sector in countries like India.
 

Leading players in worldwide printing hardware industry space include Konica Minolta Inc., Sharp Corporation, The Ricoh Company Ltd., Kyocera Corporation, Fujifilm Holdings Corporation, Brother Industries Ltd., Canon Inc., Xerox Holdings Corporation, Seiko Epson Corporation, and Hewlett Packard Enterprise Company.