The production printers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Production Printers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The production printers market size has grown strongly in recent years. It will grow from $6.69 billion in 2023 to $7.10 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to cost-effectiveness, increasing demand for personalized printing, technological advancements, growth of digital printing, and expanding applications.
The production printers market size is expected to see strong growth in the next few years. It will grow to $9.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to sustainability initiatives, integration with IoT and cloud technologies, the rise of additive manufacturing, the emergence of hybrid printing solutions, and demand for high-speed production capabilities. Major trends in the forecast period include the adoption of UV-curable inks, a shift towards on-demand and short-run printing, increased focus on automation and robotics, growth of the textile and garment printing segment, and rising demand for 3D printing in prototyping and manufacturing.
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Scope Of Production Printers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Production Printers Market Overview
Market Drivers –
Growing demand for e-commerce is expected to propel the growth of the production printers market going forward. E-commerce refers to trading goods and services through the Internet or other electronic channels. E-commerce is experiencing growth due to technological advancements, changing consumer behaviors, and global economic trends. Production printers facilitate effective printing operations, customized client experiences, and flexible marketing techniques, all essential to the expansion and prosperity of e-commerce enterprises. E-commerce companies often require on-demand printing solutions to fulfill custom orders and print products according to customer specifications. Production printers enable on-demand printing of personalized products such as apparel, accessories, and promotional items, allowing businesses to offer customized options to their customers without the need for large inventory stockpiles. For instance, in April 2024, according to the International Trade Administration, a US-based government agency, retail e-commerce sales in Canada were projected to reach US$40.3 billion by 2025, up from US$2.34 billion in March 2022. Therefore, the growing demand for e-commerce will drive the growth of the production printers market.
Market Trends –
Major companies operating in the pharma 4.0 market are developing cloud-based drug discovery platforms, such as StarDrop, to gain a competitive edge. StarDrop is a cloud-based drug discovery platform hosted on remote servers and accessed via the Internet, allowing researchers and pharmaceutical companies to carry out drug discovery activities such as compound screening, molecular modeling, and data analysis in a virtual environment. For instance, in October 2023, Optibrium Ltd., a UK-based biotechnology research company, launched a cloud-based version of its popular drug discovery platform, StarDrop. This platform aims to enhance accessibility and reduce the total cost of ownership for users. It retains all the functionality and interactivity of the desktop application. It allows users to access StarDrop from any internet-connected device, providing greater flexibility for researchers working remotely or across multiple locations. The cloud-based deployment is hosted on Amazon Web Services (AWS). It is supported by Optibrium’s ISO 27001-accredited information security system, ensuring advanced data security, including encryption for secure data transfer and protection behind a firewall.
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
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Regional Insights –
North America was the largest region in the production printers market in 2023. 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.
Key Companies –
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 Technology, Inca Digital Printers Ltd., Ricoh Company Ltd., Miyakoshi Printing Machinery Co. Ltd
Table of Contents
1. Executive Summary
2. Production Printers Market Characteristics
3. Production Printers Market Trends And Strategies
4. Production Printers Market – Macro Economic Scenario
5. Global Production Printers Market Size and Growth
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32. Global Production Printers Market Competitive Benchmarking
33. Global Production Printers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Production Printers Market
35. Production Printers Market Future Outlook and Potential Analysis
36. Appendix
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