As of 2022, the global copier market is estimated at $597.96 million. At a CAGR of 1.39 percent from 2023 to 2030, the value is expected to reach $658.62 million by 2029. Cognitive Market Research’s Copier Market Report revealed these and other important market information.
The report was segmentized to provide in-depth information about the market. According to the report, more and more homes are expected to purchase copiers as work-from-home arrangements become popular among workers. Despite the growing trend in offices of going paperless, meetings and filing requirements will still need copiers to produce physical copies of documents.
Multifunction copiers have the largest global market share at 32.18 percent. The report said the trend would continue through the forecast period because multifunction copiers provide other solutions such as printing, scanning, and faxing.
Offices have the largest global market share at 39.68 percent. Offices worldwide have turned to copiers to produce large quantities of document copies. The trend is expected to continue through the forecast period.