The market for printers, copying machines, and facsimile machines in the UK has experienced significant fluctuations over the past decade. From 2013 to 2016, the market exhibited varied growth with a notable dip in 2016 (-21.9%), followed by a substantial rebound in 2017 (+62.22%). The subsequent years till 2023 showed relatively stable growth with minor fluctuations, achieving a value of 145.83 million Euros in 2023. The year-on-year increases in 2021 (+10.41%) and 2023 (+2.57%) indicated a recovery phase, as reflected in the compound annual growth rate (CAGR) improvement to 2.2% over the last five years.
Looking ahead to 2028, forecasts predict a moderate growth trajectory with a 5-year CAGR of 1.93%, leading to a total market value of 165.11 million Euros. This future trend suggests a steady, albeit slow, expansion in the market.
Future trends to watch for include advancements in technology driving innovation in printing solutions, a potential shift towards eco-friendly and cost-efficient devices, and the ongoing transition to digital documentation which may impact demand for traditional printing and copying machines.