Global Card Printer Ribbons Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.
Global Card Printer Ribbons Market
The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
Card printer ribbons are used to ensure accurate color patterns, sharp barcodes and crisp text through printing technologies. The card printer ribbons applications have need of high levels of speed, data accuracy, and reliability. It includes specialty printing for tickets and receipts for enhanced customer service and productivity gains, which are increasing its demand in various industry verticals.
Global Card Printer Ribbons Market, Dynamics:
The preference of consumer towards cashless payments, security issues, and identity proof, and usage of cards for withdrawal and payments are some of the prominent factors behind the growth of global card printer ribbons market. Rapid adoption of cards in identification and security purpose management are also making a positive impact on the global sales of card printing ribbon. The card printing ribbons have become more cost-efficient and reliable solution because of the continuous technological advancement in the printing technology.
New card printing machines have a ribbons , which are offering high quality ID cards with crisp detailing. The avaliability of the enhanced features of the card print ribbon has pushed the application of card printers and its consumables in different industries like banking, healthcare, manufacturing etc.
The penetration of the payment card, by Country(%):
Global Card Printer Ribbons Market1
Global Card Printer Ribbons Market, Segment Analysis:
Banks are focusing to gain incremental profitability from service or product innovations, which are deployed through digital channels. This profitability in the banking and financial sector can achieved through efficiencies, which are derived from process optimization and requisite operational changes. Also, banks are looking for superior quality advanced ID cards for customers, which has pushed the demand for ID card printers and their consumables like card printer ribbons.
Global Card Printer Ribbons Market, Regional Analysis:
North America held the dominant position in the global card printer ribbons market and is projected to continue its dominant position during the forecast period (2020-2027). The card payment systems are increasing through the point of sale (PoS), mobile point of sale (mPoS), and the online terminals in the region that is expected to drive the market growth. The adoption of mPoS and PoS terminals are expected to increase because of the high concentration of retail outlets, particularly in the developed countries like the US and Canada.
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