FOR IMMEDIATE RELEASE
Date: January 17, 2019
Media Contact – Ron Iversen
Vice President Market Intelligence
Phone: (805) 630-4096
$60B Global Toner Cartridge Market Sees Aftermarket Suppliers Continue to Increase Share
Virtulytix Releases 2018 Global Toner Cartridge Forecast
Virtulytix announces the release of the 2018 Global Toner Cartridge Forecast. The forecast covers 2018 to 2022 and includes historical data for 2014 to 2017 providing a global view of the toner cartridge market. The forecast includes pivot tables to view forecasts by region and by metrics such as actual and forecasted unit shipments, growth rates, revenue, average selling prices, and printer installed base for each cartridge type. OEM and Aftermarket (non-OEM) information is included across 24 laser printer and MFP segments.
The size of the global toner cartridge market is approximately $60 billion. Printer manufacturers, aftermarket cartridge suppliers, resellers, and MPS providers will find the Virtulytix Global Toner Cartridge Forecast helpful in understanding trends and areas of opportunity or risks. Multiple views of the forecast can be created to include some or all of the following data:
· Regions - North America, Latin America, Western Europe, Rest of EMEA, Japan, and Rest of Asia
· Hardware Segment – Monochrome Printer, Monochrome MFP, Color Printer, Color MFP
· Hardware Size – A4, A3
· Cartridge Color – Monochrome, C, M, Y, K
· Cartridge Source – OEM, Aftermarket (non-OEM)
· Market Shares – Shipments, Revenue
As an example, the global forecast shows that 30% to 33% of monochrome cartridge shipments have been captured by Aftermarket suppliers. Yet OEM suppliers have retained above 75% of the monochrome cartridge revenue. In color toner cartridge shipments Aftermarket suppliers have captured only 13% of the shipments by 2018 and while OEM suppliers have enjoyed an above 90% share of color cartridge shipments and revenue these shares are in decline. Virtulytix foresees the relative monochrome share trends continuing, however, OEM color shipments and revenue will continue to decline as Aftermarket suppliers increase their technology assets and provide print quality rivaling the OEM suppliers. According to Ron Iversen, VP Market Intelligence for Virtulytix, “Aftermarket toner cartridge suppliers are targeting the growing mid-high speed color MFP segments where cartridge usage is quite high. With almost 80% of the toner cartridge market existing in the color area this is clearly the biggest risk to OEM manufacturers”.
The Global 2018 Toner Cartridge forecast will be available for ordering on the Virtulytix website in February. For immediate ordering as well as Regional and other customized views, and forecast insight reviews contact Ron Iversen, VP Market Intelligence, at +1 805 630 4096 or at firstname.lastname@example.org.
Formed in 2017 Virtulytix is a leader in providing advanced analytics solutions which enable Industrial IoT device manufacturers, resellers, and fleet managers realize the full potential of their IoT enabled devices and fleets. Virtulytix has developed custom solutions in the Semiconductor, Nuclear Power, and Print and Imaging industries. With over 100M connected devices worldwide, the Print and Imaging industry is one of the largest IoT enabled markets and has been a focal point for the company. The company is the developer of the unique SuppliesIQ™ supplies replenishment solution which enables just-in-time supplies replenishment systems for OEMs, distributors, and dealers who manage IoT fleets of imaging devices.
Virtulytix Imaging Industry Group is a leader in market intelligence and consulting for the imaging industry. With the mission of delivering deep-rooted and comprehensive imaging insights Virtulytix partners with clients to deliver insightful market intelligence and consulting services that help capitalize on emerging opportunities and drive success in organizations. Our successful research and consulting projects include working with top imaging firms, infrastructure providers, MPS providers, software firms, and end-user customers including a ‘who’s who’ list of Fortune 500 firms.