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African printer market to grow 8.8 percent

African printer market to grow 8.8 percent

December 9, 2015

Africa mapA compound annual growth rate (CAGR) of 8.8 percent is expected for the region between 2012 and 2019.

Digital Journal reported on the predictions in a report by the Market Research Report Search Engine group, which valued the printer market at $2.3 billion (€2.1 billion) in 2012 and said a shift from hardcopy to electronic format will be a major factor inhibiting growth.

Global printer manufacturers are being attracted to the emerging economies of the region, as big investments in energy and the ICT sector in recent years have boosted the African economy, with the African Development Bank stating that more than a third of African countries have a GDP growth rate of more than six percent.

The report description said there has been a surge in demand for colour prints, aiding the growth of inkjet and laser printers. The inkjet market is also being influenced by high-speed continuous-feed technologies and ultra-high volume inkjet printers.

Categories : World Focus

Tags : Africa Business Printing

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