Global Inkjet Printers Market Size By Type(Multifunctional, Large format, Desktop), By End-User(Consumers, Industrial, Education), By Technology(Continuous Inkjet, UV Inkjet), By Geographic Scope And Forecast
Global Inkjet Printers Market Size By Type(Multifunctional, Large format, Desktop), By End-User(Consumers, Industrial, Education), By Technology(Continuous Inkjet, UV Inkjet), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Inkjet Printers Market size is anticipated to be at USD 35.4 billion in 2021, it is expected to reach USD 75.26 billion by the end of 2030, growing at a CAGR of 6.52% from 2023 to 2030.
The packaging industry is experiencing significant growth on a global scale, driven by increasing demand from sectors such as e-commerce, food and beverages, personal care, household care, and healthcare for packaging solutions that offer convenience and enhanced functionality. The Global Inkjet Printers Market report presents a holistic evaluation of the market. The report gives a complete analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are performing a substantial role in the market.
Inkjet Printers Market Definition
Inkjet printers are everywhere these days! They're a big deal for both home users and big companies, using inkjet technology to spray tiny droplets of ink for sharp images and crisp text. But it's not just your home office; you're seeing inkjet showing up in all sorts of places – from textiles to packaging and even advertising. What's driving all this? Well, everyone wants digital printing now, and the tech is getting better with faster speeds and super high resolution. The market's packed with players like Canon Inc., HP Inc., Epson, Brother Industries Ltd., and Xerox Corporation, all fighting for a piece of the pie. As everything goes digital and people want more custom, on-demand printing, expect inkjet to keep growing!
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Inkjet Printers Market Overview
The COVID-19 pandemic? Yeah, it's been a mixed bag for inkjet printers. Some industries, like retail and hospitality, definitely saw a slowdown, but all that work-from-home stuff? That's made folks scramble for home office gear, and that includes inkjet printers for personal and small business use. So, what's really driving the inkjet printer market? Well, for starters, there's a huge demand for digital printing solutions across industries like textiles, packaging, and advertising. Plus, inkjet printing tech is getting better all the time – think higher resolution, faster speeds, and cheaper options, which is helping the market grow. And don't forget about the rise of customizable and on-demand printing, that's a big factor too. Even healthcare and pharmaceutical companies are using inkjet tech more and more for things like barcodes, labels, and packaging inserts. Oh, and with everyone wanting to be greener, the demand for eco-friendly inkjet printers is only going to go up.
Even with all the things pushing it forward, the inkjet printer industry still faces some hurdles. For starters, inkjet printers can be pricey compared to laser printers, and that can scare away customers watching their wallets. Plus, a lot of people think owning an inkjet is more expensive in the long run since they're always swapping out those ink cartridges. Then you've got the whole move towards paperless offices and everything going digital – that means people just don't need to print as much anymore, which isn't great for the industry. And let's not forget about alternatives like, well, laser printing! Finally, the market itself is pretty scattered and lacks uniformity.
Okay, so the future looks bright for inkjet printers! We're seeing a lot of opportunity, especially with the increasing demand for large format printers used for banners, billboards, and signage by businesses like retail stores, hotels, and in the advertising world. Plus, healthcare is another area ripe for growth, as they need high-quality printing for things like package inserts, labels, and barcodes. And let's not forget packaging – with e-commerce booming, everyone needs efficient packaging solutions, driving up demand for inkjet printers. Finally, there's a real push for "green" options, meaning developing more environmentally friendly inkjet printing is a huge area for expansion.
Inkjet Printers MarketSegmentation Analysis
The inkjet printers’ market is segmented by type, end-user, technology, and region.
Inkjet Printers Market, By Type
• Multifunctional• Large format• Desktop• Textile• Industrial• Inkjet press
The multifunctional type is dominating inkjet printers’ market. It holds the largest revenue and it is expected to sustain its dominance in the coming years. Due to the features, like multifunctional capabilities, high speed, and affordability are boosting the growth in this market.
Industrial segment is expected to experience a significant growth in the inkjet printer’s market. It has highest operating speed due to which its demand is increasing in the market all over the world.
Inkjet Printers Market, By Technology
• Continuous Inkjet• UV Inkjet• Drop on Demand
The continuous inkjet segment is anticipated to hold the largest market share in this market. In addition, it is also expected to grow with health CAGR in the forecast period. Lower maintenance cost, and availability of different types of ink are boosting the demand of this technology in the global market.
Inkjet Printers Market, By Geography
• North America• Europe• Asia-Pacific• Latin America• Middle East and Africa
North America holds the largest market share and owns the key players of the inkjet printers market. Besides this, the growing number of pharmaceutical industries are also driving growth of inkjet printers market in this region. Moreover, the Asia-Pacific region is also expected to witness significant growth in the forecasted years.
Key Players
The major players in the Inkjet Printers Market are Videojet Technologies, Canon Singapore Pte Ltd., Xerox Corporation, Pannier Corporation, Seiko Epson Corporation, HP Development Company LP, Konica Minolta Inc., Keyence Corporation, Hitachi Ltd., and Brother Industries Ltd.
Key Developments
In May 2021, the new image PROGRAF PRO-300 professional photo printer from Canon was introduced. The printer’s 10-color pigment ink technology and sophisticated media handling capabilities are intended to provide high-quality picture printing.
In August 2021, Brother has introduced a new label printer called the P-touch CUBE Pro that caters to small business owners and do-it-yourself enthusiasts. The printer allows users to print labels, barcodes, and signage with high-quality from their smartphones or tablets.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Videojet Technologies, Canon Singapore Pte Ltd., Xerox Corporation, Pannier Corporation, Seiko Epson Corporation, HP Development Company LP, Konica Minolta Inc., Keyence Corporation, Hitachi Ltd., and Brother Industries Ltd.
SEGMENTS COVERED
By type, By end-user, By technology, and By region.
CUSTOMIZATION SCOPE
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We take a deep dive into the market using both qualitative and quantitative analysis, breaking it down by different segments based on economic and non-economic factors. You'll get detailed market value data (in USD Billion) for every segment and sub-segment. We'll also pinpoint which region and segment are predicted to grow the fastest and be the biggest players. Our analysis looks at product/service consumption by geography, explaining the forces shaping each regional market. The report features a competitive landscape, showing the market ranking of major players and highlighting their new launches, partnerships, expansions, and acquisitions over the last five years, complete with extensive company profiles including overviews, insights, product benchmarking, and SWOT analysis. Get a clear picture of the current and future market outlook, considering recent developments, growth opportunities, drivers, and challenges in both emerging and developed regions. We also provide an in-depth look at the market from various angles using Porter’s five forces analysis and explore the Value Chain for added insight. Finally, we cover market dynamics and future growth opportunities, all backed by 6-month post-sales analyst support.
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