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
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
Inkjet Printers Market Size and Forecast
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
The printing industry’s inkjet printer market caters to both consumers and enterprises by offering inkjet printing technology. Inkjet printers create sharp pictures and text by misting small droplets of ink onto paper. Inkjet technology is increasingly being used in a variety of industries, such as textile, packaging, and advertising, and a number of factors, including the rising demand for digital printing and the creation of advanced inkjet technologies that offer higher resolution and quicker printing speeds, is driving the market.Several companies are striving for market share in this fiercely competitive sector, including Canon Inc., HP Inc., Epson, Brother Industries Ltd., and Xerox Corporation. Growth is anticipated to be fueled by the trend towards digitalization and rising demand for individualized and on-demand printing solutions.
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Inkjet Printers Market Overview
The COVID-19 epidemic has had a conflicting effect on the market for inkjet printers. While demand from some industries, such as retail and hospitality, has decreased, home office equipment need has climbed, which has resulted in a rise in demand for inkjet printers for personal and small business usage.Many important reasons are driving the market for inkjet printers. First off, the market for inkjet printers is expanding as a result of the rising demand for digital printing solutions across a range of sectors, including textiles, packaging, and advertising. Second, the expansion of the market is also being aided by the development of improved inkjet printing technologies that provide more resolution, quicker printing rates, and more affordable solutions. Finally, the demand for inkjet printers is being further fueled by the growing trend of customizable and on-demand printing solutions. Also, the rising use of inkjet technology for printing barcodes, labels, and packaging inserts in the healthcare and pharmaceutical industries is contributing to the market’s growth. Last but not least, the demand for eco-friendly inkjet printers is anticipated to increase due to the trend towards ecologically sustainable printing solutions.
Notwithstanding these growth-promoting factors, there are a number of obstacles that the inkjet printer industry must overcome. The high price of inkjet printers relative to their laser equivalents is one of the major barriers, which can prevent budget-conscious clients from adopting them. The belief that inkjet printers have a greater cost of ownership because ink cartridges must be changed frequently is another reason that might limit the market’s expansion. The increased popularity of paperless workplaces and digitalization may also lessen the need for printing, which might restrain market expansion. A further obstacle to the expansion of the inkjet printer business may be the existence of replacement technologies like laser printing. Lastly, the market for inkjet printers lacks uniformity.
In the upcoming years, the market for inkjet printers offers a number of growth prospects. The growing need for large format inkjet printers for banner, billboard, and signage applications in sectors including retail, hotel, and advertising is one of the main prospects. Another area with room for expansion is the healthcare industry, where there is a rising need for high-quality printing options for package inserts, labels, and barcodes. Inkjet printers are also in demand for packaging due to the expansion of the e-commerce sector and the requirement for effective packaging solutions. Development of environmentally friendly inkjet printing options, which are gaining popularity as the need for environmentally friendly printing methods increases, presents a further 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
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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