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Prices of the ID card printer and accessories are decreasing due to extensive use of ID cards by end users such as healthcare, banking, educational institution, government. As a market in general, it looks as we get through 2021 that sales will continue to grow. With increase in production and technological developments in the field of ID card printers, they have become less expensive to produce though they have become better value for money and the output by the manufacturers have seen a wider range of products available too. With the need for security and easy recognition of students as well as employees, demand for RFID cards, magnetic strip ID cards, and other security feature-enabled ID card is increasing. In light of this demand, the global market for ID card printers is set to increase. Software is also getting more advanced though also higher quality and also easier to work with for the end user. Advancements in technology have allowed these to print onto any surface and for any type of requirement; for example non-profit organisations, governments and also the healthcare sectors are now able to make the most of this somewhat unique offering of technology. The greatest opportunity for printers remains to reduce electricity consumption and make the printer energy-efficient. For a Card Printer Manufacturer, being able to show off and relay such credentials can only prove to be a good thing. Strategic positioning in regional and domestic markets and industries is key to the success of card printer tape manufacturers. What needs to be remembered though is that when you buy these devices there are the automatic magnetic strip attachments, lamination attachments, storage units, and computer systems as well as other components all of which are key to the easy use and running of these machines. Basically, these machines are not just plug in and ready to go, there will be other elements that will need to be maintained from time to time, repaired and replaced. Where for many years Europe, the US and even countries with massive tech scenes such as Israel will have been manufacturing the machines and software, China has really come out of the woodwork thick and fast into this market. Around 54% of the market in East Asia is acquired by China. China is all set to be in the driver’s seat for ID card printers in the region. Availability of cheap labor gives China an enormous advantage in East Asia. China also leads the market because of strong domestic demand and control of refining and manufacturing capacity.
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