What are the Historical Developments and Current Growth Metrics of the Inkjet Printers Market?
The inkjet printers market has seen considerable growth due to a variety of factors.
•The market size for inkjet printers has witnessed robust growth in the past few years. The value is projected to increase from $48.47 billion in 2024 to $51.2 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%.
Factors contributing to this substantial growth during the historic period include the revolution in home printing, acceptance by small and medium-sized businesses, the rise of e-commerce, environmental consciousness, and adoption in the education sector.
What Does Future Hold for The Inkjet Printers Market Size?
The inkjet printers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of inkjet printers is anticipated to experience significant expansion in the forthcoming years, reaching $65.94 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.5%.
This growth during the forecasted period can be linked to factors such as the integration of 3D printing, an increase in remote working, demands for customization, the emergence of augmented reality printing, and the use of bioprinting. The major patterns expected during this period include a surge in digital photography, technological progress, supremacy of mobile printing, and the rise of subscription-based printing services, as well as the incorporation of artificial intelligence in printing.
What Are The Key Drivers Fueling Growth In The Inkjet Printers Market?
The inkjet printers market's growth is predicted to be driven by the burgeoning advertising sector. This industry includes tasks such as the conception, planning, orchestration, and management of promotional activities and messages designed to reach and sway a particular target group. Inkjet printers are critical in this industry, enabling the creation of a diverse range of promotional materials. The benefits of inkjet printers make them essential assets for advertising companies. For example, in September 2024, Publift, an Irish advertising services company, highlighted that the U.S. houses one of the most financially rewarding advertising industries worldwide, with an ad spend close to $300 billion in 2023. The U.S. market considerably surpasses competitors like China and Japan. In 2022, digital advertising constituted 67% of the worldwide total ad income, a number projected to reach 70% by 2025. As for the U.S., in 2022, 61% of the market was from digital advertising. Consequently, the growth of the advertising field is stimulating the expansion of the inkjet printer market.
What Are The Principal Market Segments In The Global Inkjet Printers Industry?
The inkjet printers market covered in this report is segmented –
1) By Type: Multifunctional Printers, Desktop Printers, Large Format Printers, Inkjet Press, Industrial Inkjet Printers, Textile Printers, Other Types
2) By Technology: Continuous Inkjet, Drop On Demand, UV Inkjet, Other Technologies
3) By Application: Packaging And Labeling, Publishing, Advertising, Textile Printing, Photo Printing, Other Applications
4) By End User: Consumer, Education, Industrial, Textile, Pharmaceutical, Other End Users
Subsegments:
1) By Multifunctional Printers: All-In-One Printers, Wireless Multifunction Printers
2) By Desktop Printers: Personal Inkjet Printers, Home Office Inkjet Printers
3) By Large Format Printers: Wide-Format Printers, Super-Wide Format Printers
4) By Inkjet Press: Digital Inkjet Presses For Commercial Printing, Production Inkjet Presses
5) By Industrial Inkjet Printers: Inkjet Printers For Packaging, Inkjet Printers For Labeling
6) By Textile Printers: Direct-To-Fabric Printers, Sublimation Inkjet Printers
7) By Other Types: Photo Inkjet Printers, Specialty Inkjet Printers
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Which Emerging Market Trends Are Altering The Inkjet Printers Sector?
Technological advancements have emerged as a crucial trend garnering interest in the inkjet printers industry. To maintain their market presence, firms involved in this sector are embracing innovative technologies. For example, Mimaki Engineering Co. Ltd., a Japanese inkjet printer manufacturer, introduced its inaugural direct to film (DTF) technology inkjet printer, the TxF150-75, in February 2023. This technology comprises an integrated ink circulation system and a degassed ink pack design technology, inclusive of a nozzle check unit and a nozzle recovery system, ensuring operations are executed seamlessly with minimal interference. The printer's ability to print in full color enables the creation of striking graphics.
Who Are the Key Players in the Inkjet Printers Market?
Major companies operating in the inkjet printers market include:
• HP Inc.
• Videojet Technologies Inc.
• Canon Inc.
• Fujifilm Holdings Corporation
• Kyocera Corporation
• Ricoh Company Ltd.
• Seiko Epson Corporation
• Xerox Holdings Corporation
• Konica Minolta Business Solutions India Private Limited
• Brothers Industries Ltd.
• Keyence Corporation
• Zebra Technologies Corporation
• Lexmark International Inc.
• Screen Holdings Co. Ltd.
• Agfa-Gevaert N.V.
• EFI Electronics for Imaging Inc.
• Markem-Imaje Corporation
• Domino Printing Sciences plc
• Xaar plc
• Mimaki Engineering Co. Ltd
• Roland DG Corporation
• Kornit Digital Ltd.
• Inkjet Inc.
• Pannier Corporation
• Durst Phototechnik AG
• Mutoh Holdings Co. Ltd
• Control Print Ltd.
• Colordyne Technologies LLC
What are the Regional Insights into the Inkjet Printers Market?
North America was the largest region in the inkjet printers market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inkjet printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
