Top 10 Commercial Copier and Printer Companies

Aaron Stahl / Managed Print / June 26, 2024

Contrary to popular belief, the office printing industry remains robust despite the digital shift. Continuous advancements from leading printer and copier companies drive this resilience. In fact, the U.S. market for commercial printers is projected to grow at a rate of 2.9% from 2024 to 2030. This growth is fueled by new digital printing technologies that enhance flexibility, customization, and cost efficiency. These innovations improve print quality, color accuracy, and data handling, ensuring that office copier solutions remain essential for business operations.

Given the sustained importance of the printer and copier industries, let’s explore the pros and cons of leasing versus buying commercial copiers, highlight the top copier brands, and discuss strategies to save money on copier leases. This information will help businesses make informed decisions tailored to their specific printing needs and avoid overpaying.

Leasing vs. Buying Commercial Copiers

One crucial decision when setting up or updating an office’s printer infrastructure is whether to buy or lease the equipment. Both options have benefits and challenges, and the best choice depends on your company’s specific needs and financial situation.

Leasing Printers and Copiers

Leasing printers and copiers offer numerous benefits for businesses looking to manage costs and stay current with technology.

  • Lower Initial Investment: Leasing allows businesses to avoid the hefty upfront cost typically associated with high-end commercial copiers and printers. Payments are spread over the life of the lease, which usually lasts between 36 and 60 months.
  • Access to the Latest Technology: At the end of a lease, companies can choose to upgrade to newer models, ensuring they always have the most current technology without a significant reinvestment. This option is ideal for maintaining the highest security and efficiency in office print operations.
  • End of Lease Options: Businesses can purchase the leased equipment at its fair market value, return it, or upgrade to a newer model.
  • Potential Downsides: Leasing can be more expensive in the long run due to ongoing monthly payments. Additionally, businesses must adhere to the terms of the lease agreement, which are not usually written in their favor.

Purchasing Printers and Copiers

Purchasing printers and copiers can be a strategic decision for businesses seeking long-term cost savings and complete ownership.

  • Long-Term Savings: Purchasing equipment can be more economical over time, especially if the technology remains adequate for the business’s needs beyond the initial payback period.
  • Full Ownership: Buying a printer or copier gives a company full control over the equipment without the need to follow the terms of a lease agreement. This means no monthly payments after the initial purchase and no contractual obligations.
  • Best for Smaller Equipment: For lower-cost devices, purchasing outright often makes more financial sense. It avoids the financing charges that come with leasing such equipment.
  • Potential Downsides: The significant upfront cost can be a financial burden, especially for small businesses. Additionally, purchased equipment may become outdated more quickly, requiring further investment in newer technology to maintain efficiency and security.

How Managed Print Services Factor In

Whether you decide to lease or buy copiers for your business, integrating managed print services, or MPS, can streamline your printing processes and reduce expenses. MPS providers claim to optimize printer fleets and lower costs. However, it’s critical to carefully consider the implications of engaging with MPS providers.

Many MPS providers, often the same as traditional printer and copier companies, can have profit-driven motives that may not always align with your business’s best interests. These services can come with bundled offerings that are not always essential, creating inflated costs through complex contracts and confusing pricing strategies. It’s essential to scrutinize whether MPS is truly delivering value and savings.

The Top 10 Copier Companies

1. HP

  • Headquarters: Palo Alto, California
  • Year founded: 1939
  • Areas served: Worldwide

HP is one of the most prominent printer companies and providers of MPS, known for its wide range of commercial copiers and printers. HP claims to offer the industry’s most robust security features, making its office copier solutions highly suitable for sectors like finance and healthcare that prioritize data protection. Additionally, the company is recognized for its commitment to sustainability, which aligns with the corporate responsibility goals of many businesses.

2. Canon

  • Headquarters: Tokyo, Japan
  • Year founded: 1937
  • Areas served: Worldwide

As one of the largest printer companies globally, Canon excels by emphasizing customized solutions, innovation, environmental responsibility, and accessibility. Their commercial copiers and printers are designed with user-friendliness in mind. Canon also offers comprehensive print management solutions that extend beyond hardware optimization to encompass entire document workflows. This approach not only enhances office efficiency and security but also effectively manages costs, marking Canon as a leader in the copier company sector.

3. Xerox

  • Headquarters: Norwalk, Connecticut
  • Year founded: 1906
  • Areas served: Worldwide

Xerox is synonymous with photocopying, having pioneered office printing over 75 years ago. Long known for their innovation, Xerox’s commercial copiers come equipped with the latest features like mobile printing, WiFi connectivity, and robust security. Their offerings emphasize flexibility and mobility, allowing businesses to adapt quickly and efficiently to changing needs with customizable workflows and secure access from any location. This adaptability ensures that Xerox remains a leading choice for enterprises seeking dynamic document management solutions.

4. Brother

  • Headquarters: Nagoya, Aichi, Japan
  • Year founded: 1908
  • Areas served: Worldwide

Brother has maintained a strong presence in the printing industry since the typewriter era and is now known for their reliable, high-quality printers, fax machines, and mobile solutions. Brother products are designed to enhance efficiency across various sectors, including industrial and commercial settings. They also offer specialized solutions for manufacturing, machine tools, and commercial sewing and embroidery, showcasing their versatility. At the end of their comprehensive product line, Brother’s MPS supports businesses by controlling printing costs, streamlining processes, enhancing security, and reducing waste.

5. Ricoh

  • Headquarters: Tokyo, Japan
  • Year founded: 1936
  • Areas served: Worldwide

Ricoh could be considered the Japanese equivalent of Xerox, with the term “make a Ricopy” used to describe making a copy. Their extensive product range goes beyond traditional commercial copiers and printers, focusing on full-scale digitalization of business environments. Ricoh’s MPS are distinguished by their comprehensive approach to document management, encompassing capture, transformation, and information management. This strategy positions Ricoh as a leader in the copier companies market for businesses transitioning to digital operations.

6. Konica Minolta

  • Headquarters: Tokyo, Japan
  • Year founded: 2003
  • Areas served: Worldwide

Konica Minolta excels not only in office copier and printer technology but also in the production printing market, offering a wide range of products, from optical devices to medical imaging systems. This diversity showcases their expertise beyond typical printer companies. Recognized by industry analysts for exceptional MPS, Konica Minolta combines experience with a strong focus on technological innovation, information security, and sustainability. Their commercial copiers have garnered multiple awards for reliability, usability, and security, affirming their leadership in both print management and cybersecurity within the copier company field.

7. Lexmark

  • Headquarters: Lexington, Kentucky
  • Year founded: 1991
  • Areas served: Worldwide

Lexmark, specializing exclusively in printers, commercial copiers, and MPS, stands out for its industry-specific innovations. Their compact devices are designed for retail environments with limited space. Meanwhile, their durable printers, built with sturdy steel frames and adaptive sensors, excel in rough manufacturing and auto shop settings. In banking and healthcare, Lexmark enhances efficiency and security, supporting sectors with tailored solutions that drive digital transformation and operational flexibility.

8. Seiko Epson Corporation

  • Headquarters: Suwa, Nagano, Japan
  • Year founded: 1942
  • Areas served: Worldwide

Epson is one of the copy machine companies known for its innovation in the printing and imaging sector. They continue to push the boundaries with advanced inkjet technology that enhances precision and efficiency for a variety of printing applications, from office environments to industrial settings. This commitment drives their aim to develop a sustainable printing ecosystem with impressive environmental performance. They also offer MPS, which further supports efficient cost management.

9. Sharp

  • Headquarters: Osaka Prefecture, Japan
  • Year founded: 1912
  • Areas served: Worldwide

Sharp is more than just one of the leading photocopying companies. They also offer a broad spectrum of products, including LCD panels, solar panels, and audio-visual equipment. Their printers and copiers stand out for their ability to enhance workflow efficiency and deliver exceptional image quality. Despite a wide array of products, Sharp still offers MPS. Businesses can control printing costs, secure print environments, and optimize printer and copier use.

10. Toshiba

  • Headquarters: Tokyo, Japan
  • Year founded: 1875
  • Areas served: Worldwide

Toshiba is a pioneer in multiple technologies and is known for innovations such as the world’s first erasable multifunctional printer. This copier company continues to lead in features tailored for efficiency and sustainability. Their MPS program aids businesses in optimizing print environments by reducing costs and enhancing security, making Toshiba one of the top copier brands for organizations aiming to improve productivity and manage their printing needs more effectively.

How to Save on Leases and MPS

P3 Cost Analysts specializes in reducing expenses for copier leases and managed print services through a rigorous auditing process that identifies and eliminates unnecessary overspending. By thoroughly analyzing the components of leases and MPS contracts, P3 ensures businesses avoid the common pitfalls of working with copier brands. With expertise in consolidating multiple vendor contracts into single agreements, P3 typically saves organizations a substantial amount by simplifying management and leveraging better pricing.

This strategic approach allows businesses to significantly reduce costs, often saving 30%-50% while maintaining high service quality. Trusting P3 with auditing your MPS will not only cut costs but also streamline administrative processes, making it an effective solution for any organization looking to improve efficiency and reduce spending on printing services.

The Bottom Line on Copier Companies

Despite the digital age steering us away from traditional paper-based processes, the top 10 commercial copier and printer companies have innovatively evolved to remain crucial in today’s business environment. These companies continue to redefine their offerings to enhance office operations, proving that cutting-edge technology can coexist with traditional printing to boost workplace efficiency.

However, managing the costs of these essential services is just as important as their capabilities. For businesses looking to reduce expenses on printers and copiers without compromising on service, P3 Cost Analysts provide a specialized approach. By auditing your managed print services and copier leases, P3 ensures cost-effective solutions without spending any money upfront.

To speak with an expert and learn how you can save with P3’s services, contact us today!

Send this to a friend