The growth of color device sales and the strength of emerging markets is creating steady growth for the ink jet and laser toner cartridge markets, according to two new reports by Lyra Research.
The reports – Worldwide Desktop Ink Jet Cartridge Forecast, 2008-2015 and Worldwide Laser Toner Cartridge Forecast, 2008-2015, are based on key findings from Lyra’s first-half 2011 Hard Copy Supplies Advisory Service Forecast 360, projected sales.
The Worldwide Desktop Ink Jet Cartridge Forecast, 2008-2015 finds that despite the decline in the ink jet printer market over the past two years, shipments of ink cartridges are steadily growing. The research firm attributes this growth partly as a result of the move away from low-end devices that commonly use tricolor cartridges toward higher end printers that use single color cartridges.
Total worldwide desktop ink jet cartridge revenue is projected to grow from under $29 billion in 2010 to $33 billion in 2015.
The Worldwide Laser Toner Cartridge Forecast, 2008-2015 suggests that an uptick in hardware growth in 2011, as a result of strong sales in emerging markets, will create steady growth in the laser toner cartridge market through 2015.
Laser cartridge shipments are expected to grow from 379 million units in 2010 to about 445 million units in 2015.