The global printer market will grow at a CAGR of 6.1%, from $10.71 billion in 2022 to $11.37 billion in 2023.
Every business needs a printer for both everyday use and event printing. When deciding what to choose, the first decision involves narrowing down the choices by understanding your printing needs. Once you are done, office printer cost presents a formidable challenge.
You don’t want to spend money on a printer that you will use only a few times. The same goes for spending too much on a printer you’ll barely use.
Continue reading to learn about how much an office printer costs.
Types of Office Printers and their Prices
Buying an office printer is one of the most daunting tasks, as they come at different prices. Some of the most popular are managing secure data center, color inkjet printers, and 3D printers.
Monochrome Laser Printers
A basic monochrome laser printer will cost around $50, while more high-end models with copying and scanning capabilities can cost up to $ 400. Prices vary depending on features such as automatic double-sided printing or wireless ability which should be able to meet the needs of a small business or home office.
Color Inkjet Printers
Basic models cost anywhere from $50 to $200, all-in-one models cost more than $600, and some with extra features can even reach as high as $1000. A $65 to $90 model may be enough for primary users, offering good quality for the money. For more advanced users, extra features such as wireless printing, dual paper trays, and memory card slots can be expensive for around the $100 to $200 price range.
3D Printers
The cheapest 3D printers cost around $200. The advanced models can cost up to $3000 or even more, depending on the model and its features. Some high-end machines can even cost over $10,000. The more expensive one produces better quality and more detailed outputs than budget models.
If you are looking for the best printer suited to your office, a commercial printer leasing type of company will help you.
Factors That Impact Office Printer Cost
The cost of an office printer affects a variety of factors. It can be in size, capacity, and unique features.
Size and Capacity
Smaller ones have limited features, fewer connectivity options, and lower print speeds. They also tend to be less expensive and easier to store away when not in use. But the larger ones have more features, including support for heavier media such as card stock, higher resolutions and print speeds, and broader connectivity options, resulting in a much higher price tag.
Special Features
These can add to the cost of a printer, such as wireless connectivity and print tracking. Others may also contain additional hardware, such as a touch display panel, to provide helpful interactive feedback to users.
Common Myths About Printer Costs
The higher the initial cost of an office printer, the better it will be and the less it will cost in the long run. But this is not true. Printer companies often charge excessive amounts for printers with extra features that many users do not need or use.
Have the Best Printer to Use for Your Needs
In conclusion, the office printer cost varies depending on features and desired usage. Prices can range from inexpensive desktop models to more expensive professional-grade laser machines. Purchasing one that meets the needs of an office is a wise investment and can save time and money in the long run.