What Is The Current and Historic Market Size Analysis Of The Production Printers Market?
The production printers market has seen considerable growth due to a variety of factors.
• The market size for production printers has seen significant growth in the past few years. The market value is projected to increase from $7.1 billion in 2024 to $7.58 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
Factors contributing to this growth during the historic period include cost-effectiveness, enhanced demand for customizable printing options, technological progress, the rise of digital printing, and a broadening range of applications.
What Is The Forecast For The Production Printers Market Size?
The production printers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for production printers is anticipated to witness significant growth in the upcoming years, escalating to $9.72 billion in 2029, at a compound annual growth rate (CAGR) of 6.4%.
The foreseen expansion within the forecast period can be credited to sustainability efforts, the incorporation of IoT and cloud-based technology, the advent of additive manufacturing, the development of hybrid printing solutions, and the need for high-speed production. Key trends within the projected timeframe comprise the uptake of UV-curable inks along with a transition towards on-demand and short-run printing. Additionally, there is greater attention on automation and robotics, the efflorescence of the textile and garment printing sector, and the swelling demand for 3D printing in regards to prototyping and manufacturing.
What Are The Essential Drivers Behind The Growth Of The Production Printers Market?
The surge in e-commerce demand is projected to stimulate the expansion of the production printers market. E-commerce, which involves buying and selling goods and services through the internet or other electronic platforms, is witnessing growth due to advancements in technology, evolving consumer behaviors, and global economic trends. Production printers play a crucial role in efficient printing operations, tailored customer experiences, and adaptable marketing strategies, key to the success and growth of e-commerce businesses. E-commerce firms often need on-demand printing services to cater to custom orders and manufacture products based on customer requirements. Production printers offer the printing of personalized items such as clothing, accessories, and advertising goods on demand, giving businesses the ability to provide tailor-made choices to their customers without the necessity for large inventory piles. For example, as reported by the International Trade Administration, a US government agency, in April 2024, retail e-commerce sales in Canada are expected to hit US$40.3 billion by 2025, a significant increase from US$2.34 billion in March 2022. Thus, the rising demand for e-commerce will amplify the growth of the production printers market.
How Is The Global Production Printers Market Divided Into Key Segments?
The production printers market covered in this report is segmented –
1) By Type: Monochrome, Color
2) By Production Method: Cut Feed, Continuous Feed
3) By Technology: Inkjet, Toner
3) By Application: Commercial, Publishing, Labels And Package, Other Applications
Subsegments:
1) By Monochrome: Black And White Printers, Digital Monochrome Printers, High-Speed Monochrome Printers, Monochrome Inkjet Printers, Monochrome Laser Printers
2) By Color: Digital Color Printers, Color Inkjet Printers, Color Laser Printers, High-Quality Color Printers, Production Inkjet Printers (Color), High-Speed Color Printers
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What Trends Are Reshaping The Future Of The Production Printers Market?
Prominent firms in the production printers market are concentrating on the creation of ground-breaking technologies within the latex selection, including the HP Latex 630 printer, to reinforce their market presence. The HP Latex 630 printer symbolizes an inventive piece of equipment that employs a range of products or substances developed or made with latex. For example, HP Inc., a technology organization based in the U.S, rolled out the HP Latex 630 printer series in September 2023. This unique series of printers is distinguished by its exceptional white ink abilities. It brings to the table diverse white printing modes at fluctuating densities to accomplish a wide range of opacity levels, from spot to 3-layer printing with a white ink density of up to 260%. This printer series also underscores sustainability, utilizing HP Latex inks which consist of up to 65% water. These inks are designed to circumvent risks linked to UV printing and deliver exceptional health and safety outcomes.
Who Are the Key Players In The Production Printers Market?
Major companies operating in the production printers market are:
• Hewlett-Packard Development Company LP
• Canon Inc.
• Fujifilm Holdings Corporation
• Sharp Corp.
• KYOCERA Corp.
• Konica Minolta Inc.
• Xerox Corporation
• SCREEN Holdings Co. Ltd.
• Heidelberger Druckmaschinen AG
• Bobst Group SA
• Agfa-Gevaert Group
• Koenig & Bauer AG
• Eastman Kodak Company
• Komori Corporation
• Goss International Corporation
• RISO Kagaku Corporation
• Roland DG Corporation
• Domino Printing Sciences plc
• EFI Electronics
• Presstek LLC
• Durst Group
• MGI Digital TechnologyInca Digital Printers Ltd.
• Ricoh Company Ltd.
• Miyakoshi Printing Machinery Co. Ltd
What Are The Regional Insights Into The Production Printers Market?
North America was the largest region in the production printers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the production printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
