Russia's Printer Market To Grow 11.8% by 2015

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Date: Thursday November 8, 2012 08:07:42 am
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    Russia’s Printer Market To Grow 11.8% by 2015
    The Printer market in Russia is to grow at a CAGR of 11.8 percent over the period 2011-2015. One of the key factors contributing to this market growth is the drive for business expansion. The Printer market in Russia has also been witnessing a growing preference for printers with customized capabilities. However, the increasing number of online transactions could pose a challenge to the growth of this market.

    Customers prefer printers that are customized to their requirements with either limited or extensive capabilities. Vendors are developing printers to meet the requirements of the various end-user segments, whereby they hope to increase the demand for printers in a generally stagnant market.

    There is a gradual increasing focus on 3D printers in the Printer market in Russia. Although vendors that are not engaged in traditional printer manufacturing have mastered 3D printer production, the 3D Printer market in Russia is still in a nascent stage. However, the 3D Printer market in Russia is expected to post a strong growth rate during the next four to five years.

    The key vendors dominating this space are Canon Ru LLC, Hewlett-Packard Development Co. L.P., and Samsung Electronics Co. Ltd. Other vendors mentioned in the report are Brother Industries Ltd., Seiko Epson Corp., and Xerox Corp.

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