Very few companies have established themselves as a trusted business and industrial imaging product manufacturers. Konica Minolta is one of those top companies supplying laser printers, copiers, digital print systems, and multi-functional peripherals across the globe.
Japanese imaging companies Konica and Minolta were merged in 2003 and became Konica Minolta. This company’s headquarters are located in Marunouchi, Chiyoda, Tokyo.
Its offices are located across 49 countries, where it supplies all the aforementioned products. Along with manufacturing business and industrial imaging devices, Konica Minolta also produces optical devices.
It provides LCD films, X-ray film, X-ray image processing systems, color profiling systems, 3-D digitizers, photometers, textile printers, and other sensing products.
This company used to produce cameras and photo products, but those operations were acquired by Sony. It mainly focuses on imaging products and tries to improve their performance with new technologies.
Products and Services Offered by Konica Minolta
This company runs several spun-off business units that produce different products and provide different services. All these businesses play an important role in boosting Konica Minolta’s revenue and profit.
Konica Minolta Business Technologies provides office document solutions. Copiers, multifunction printers, microfilm systems, facsimile machines, and related supplies are some products this business unit offers.
Another business unit controls the production, sales, and maintenance of multi-functional peripherals (MPFs). These products are designed to integrate seamlessly into the client’s business network environments.
Clients use those MPFs to run and manage all the office equipment linked to the network. They get a variety of network management software programs to control the connected office equipment.
Konica Minolta Printing Solutions manages the production and sales of lightweight, compact, and high-performance color printers.
It promotes color laser printers as “Magicolor” series printers. Many business organizations and individuals are using those laser printers to quickly print documents, images, and other items.
Konica Minolta has established itself as a reliable medical and graphic imaging equipment brand. It produces and sells graphics arts papers, analog, and digital films, CTP printing plates, film, processing chemicals, and other associated supplies.
Konica Minolta has rapidly improved its product portfolio and reached new markets to gain more customers. It has established offices and stores across the globe.
Customers can easily buy Konica’s products and get satisfying support from the sales and maintenance teams.
This company has met customers’ quality and service demands. That’s why it is one of the best in the world!
Konica Minolta Revenue and Profit
This company has reported 5.6% growth year after year. It made $7.07 billion between March 2021 and March 2022. It performed much better in the last fiscal year, but it has faced a loss of $202.67 million in 2021, and 2020 was also not quite appealing.
This firm has predicted that its revenue will grow 7.5% in the current fiscal year. It is targeting new markets and trying to win more customers.
This firm generates 65% revenue by serving production and industrial clients. Its office products segment has a 16% share in the overall revenue and other business units generate the rest profit.
It competes with some top-rated brands to improve its dominance in the global market. Continue reading to reveal the Top 10 Konica Minolta competitors and Alternatives!
1. Epson
Seiko Epson Corporation produces imaging-related equipment and computer printers. This Japanese electronics company has spread its business across the globe.
Its subsidiaries produce dot matrix, inkjet, thermal, and laser printers for businesses and common users. This company also provides top-class laptops, desktop PCs, scanners, watches, video projects, POS systems, industrial automation equipment, robots, and several other devices.
Unlike Konica Minolta, Epson supplies its products across the globe. This company was manufacturing watches until it started developing and producing electronic printers.
Epson launched the world’s first mini printer in 1968 and continued to evolve the printing technology. It introduced many cutting-edge electronic printing devices and supplied those devices across the globe.
This firm had made $$9.6 billion in 2020 and then its annual revenue reduced to $8.9 billion by the end of the fiscal year 2021.
Epson’s annual revenue is much larger than Konica Minolta’s due to its diverse product portfolio and presence across the globe!
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2. Xerox
Xerox is a USA-based manufacturer of printers and digital document products. This firm serves clients across 160 countries and its name has become a synonym for copier machines!
Being one of the Fortune 500 Companies, Xerox provides top-performing devices that require minimal maintenance.
Xerox was established as the Halod Photographic Company in 1906. It produced and sold photographic equipment and paper at that time.
Joseph C. Wilson, the founder of Xerox company, recognized Chester Carlson and his automated copier machine’s potential. He signed a contract with the inventor to develop the world’s first automated copier.
Carlson’s first offered the prototype and then developed the first copier. Xerox continued to research and improve the technology and finally introduced Xerox 914. It was the world’s first plain paper copier created by Carlson and John H. Dessauer!
Xerox revolutionized the industry and introduced many cutting-edge copiers and printers over the years. Today, it produces and sells a wide range of office equipment.
It made $7.04 billion in 2021 while competing with some big brands!
3. Ricoh
Ricoh is a Japanese multinational electronics company. It manufactures office equipment and electronics products, mainly cameras.
It supplies photocopiers, printers, fax machines, SaaS document management programs, projectors, and other products across 200 countries.
It became the world’s largest copier manufacturing company in the 90s. It bought Gestener, Savin, Monroe, Rex-Rotary, Linier, Ikon, and the Infoprint Solutions Company to be the leading office equipment producer in the world.
Photography experts across the globe praise Ricoh for improving the capabilities of digital cameras. It has introduced series digital cameras and film cameras with improved capabilities to help common users click better pictures.
Its document management programs, printers, projectors, and other office equipment made the competition tougher for seasoned manufacturers.
Ricoh has maintained astounding sales across the globe, but it is not as popular as Konica Minolta is in the office document market. Therefore, it is not Konica Minolta’s biggest competitor in the industry!
4. Canon
This company does not need any introduction. It has mastered the craft of producing user-friendly and extremely efficient cameras. It supplies optical and imaging products along with certain industrial equipment.
It competes with the world’s leading camera, lenses, scanner, printer, medical equipment, and semiconductor manufacturing equipment producers.
This company has been around since 1937. It created the first Japanese X-ray camera and then one decade later introduced the field zoom lens for TV broadcasting.
This company is also credited for producing the world’s first movie camera with zooming capabilities. It built rangefinders, calculators, SLR cameras, and more.
This company was producing print engines for many brands, such as Apple, HP, etc. they used its LBP-CX, LBP-LX, LBP-EX, and LBP-PX engines.
It started producing its branded printers after the acquisition of the Oce brand (a Dutch digital printer manufacturer). Oce remained in the market until Canon rebranded it as Canon Production Printing!
Today, Canon provides digital copiers, scanners, printers, and many other imaging equipments. It has made around $30.55 billion in 2021 and digital copiers have played an important role in increasing this company’s annual revenue year after year!
5. Sharp Corporation
Employing over 50,000 professionals across the globe, Sharp delivers the best technology for commercial demands. This Japanese multinational electronics company was founded as Hayakawa Metal Works.
It built and sold snap buckles, mechanical pencils, radios, TVs, calculators, and other equipment. Sharp gained tech-enthusiasts attention after launching the world’s first camera phone.
It then focused on perfecting the LCD panel technology. It built the world’s largest LCD TV when the technology was in its infancy phase.
This company has made things thinner, smarter, and readily available for common people. It has developed innovative digital printers and copiers that users can customize to meet business demands.
Taiwan’s Foxconn Group holds a majority of Sharp’s shares and this firm stands tall as the leading Konica Minolta competitor with a $5.3 Billion market cap!
6. Kyocera
This company builds ceramics and electronics items with cutting-edge technology to compete with the best in the business. It was established as a ceramic company in 1959.
Today, it produces and supplies industrial ceramics, telecommunications equipment, solar power generating systems, electronic components, and office document imaging devices.
This brand offers the most innovative office document imaging device designs. You get a multifunctional office copier that can copy, print, scan, and fax any document.
This space-saving design allured numerous individuals and business owners to this product.
This company is consistently improving its range MFPs to deliver more user-friendly products. It made 14.71 billion in 2020 because the quarterly growth was negative for the past two years.
It is making a profit again by delivering extremely useful and sophisticated devices.
7. HP Inc.
HP Inc. is one of the world’s leading manufacturers of personal computers, laptops, printers, scanners, and other supplies. It also provides 3D printing solutions now.
Bill Hewlett and David Packard had established this firm in 1939 as Hewlett-Packard. Both graduated from Stanford University.
This company sold audio oscillators, semiconductors, PCs, and printers. Its first inkjet and laser printers were introduced in 1984.
It later developed that printing machine into multifunctional equipment that could copy, print, and scan documents.
HP continued to improve its devices and reach new markets across the globe. Today, it competes with the leading PC, laptop, and business imaging product manufacturers with a market cap of $37.77 billion!
8. Lexmark
Lexmark is an American brand that produces laser printers and imaging products. It was formed in 1991 and became a reliable imaging product manufacturer within a few years.
This company mainly serves businesses seeking highly reliable and cutting-edge imaging products. Lexmark offers many affordable options in printer, copiers, and scanners.
It promises better color quality and prolonged operations so that you can complete official works much faster.
This company has developed wireless copiers and printers to help clients maintain a clutter-free environment in the office.
The latest Lexmark digital imaging products are equipped to enable remote connectivity. Clients can take advantage of Google Cloud Print, Air Print, and prints from remote devices.
Chinese firms Apex Technology, Legend Capital, and PAG Asia Capital have acquired Lexmark, but it still operates as an American multinational imaging product manufacturer.
This firm has grossed $3.6 Billion in 2021 and it aims to increase its market share in 2022.
9. Samsung
Being one of the most trusted and profitable electronics brands in the world, Samsung provides a wide range of multifunctional imaging products. Samsung Electronics has helped this firm gain customers across the globe.
Computers, Smartphones, TV sets, printers, scanners, and other multi-functional devices are sold across the globe to strengthen this firm’s position as the leading electronics product manufacturer.
Samsung stayed in the printer business till 2017. It built and sold printers for both consumer and business usage.
Its laser, color laser, and multifunction printers became pretty popular among users. It sold millions of units across the globe to both residential and commercial users. Samsung still provides support and services for equipment sold in the past.
It competes with the leading electronics brands, such as Apple, Sony, and HP, but its office document imaging products aren’t as popular as Konica’s products are.
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10. Brother Industries Ltd.
Brother Industries is electrical and electronic equipment headquartered in Nagoya, Japan. This company manufactures and sells laser printers, multifunction printers, industrial sewing machines, computers, label printers, fax machines, typewriters, and other computer-related accessories.
Since this company has collaborated with several other companies, it sells its products under the OEM brand name.
This company was established in 1908 and it was providing sewing machine repair services and parts. It continued to improve sewing technology and launched the first computerized sewing machine in 1979.
This firm still produces cutting-edge sewing machines, but it also offers printers, MFCs, label printers, garment printers, and other devices.
This company has made $5.74 billion in 2021 and $5.84 billion in 2020. It generates huge profit by selling textile printing products, but not office imaging equipment.
Therefore, it is not a major competitor to Konica Minolta and other top printer brands.
