Toner Market Shows Profitability, Despite Declining Profit Margins

Toner profit margins are falling steadily, consistent with the overall imaging industry. However, strong growth figures in shipment volume are expected to stem negative impact from declining margins, delivering positive revenue growth across the majority of the market.

Photizo Group’s recently released Imaging 360 Toner Forecast provides detailed insight into the toner market’s current state, as well as a view of emerging trends.

Toner cartridge shipments are expected to climb 6.2 percent CAGR through 2019, reaching 679.3 million. Revenue displays marginally less growth, due to downward trending average selling prices, at 5.8 percent CAGR through 2019, to $77.7 billion. 

Ji Rong, Photizo Group Director of Supplies, comments, “Strong growth in the market can be attributed to positive growth in the hardware market, particularly with multifunction printers.”

Toner cartridge growth trends directly correlate to a steadily rising multifunction printer (MFP) installed base, shown through the forecasted period by Photizo Group’s 2015 Imaging 360 Hardware Forecast . While single-function printers are expected to decline, strong market forecasts for MFPs tip the scale, driving increased toner revenues globally.

Global growth is expected to span all vendors within the market. Opportunity in the imaging industry is wide, and expected to deliver sustainable revenue generation for OEMs through 2019. 

Learn more about the 2015 Imaging 360 Toner Forecast today, and get the most in-depth view of the supplies market available.

About Photizo Group

Photizo Group is the leading market intelligence and consulting firm, with dedicated focus on the imaging industry. It is our sole mission to deliver the most comprehensive imaging insight and deep-rooted market intelligence. We partner with clients to drive success in your organization and capitalize on emerging opportunity. Learn more at photizogroup.com