The inkjet printers market value is projected to grow from USD 43.21 billion in 2021 and is projected to reach USD 67.77 billion by 2030; it is expected to grow at a CAGR of 5.1% from 2021 to 2030.
The report contains 180+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
Crucial factors accountable for market growth are:
- The significant growth in packaging industry amounting for more than 55% of revenue share in 2020 which is estimated to fuel the market growth of inkjet printers.
- The surge in advertising industry boosts the market growth.
- The rise in utility of inkjet printers in various industry verticals such as packaging, education, advertisement, textile and pharmaceutical.
- The high operational speed of the inkjet printers fosters the demand in the market.
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Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates inkjet printers market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global inkjet printers market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the inkjet printers market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Scope of the Inkjet Printers Market
| Report Highlights | Details |
| Market Size In 2030 | USD 67.77 Billion |
| Growth Rate | CAGR of 5.1% From 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Technology, End User, Region |
Report Highlights
- The multifunctional printer segment accounted for more than 25% revenue share in 2020.
- The industrial segment of the Inkjet Printers Market is estimated to lead the market with a market share of more than 25% in 2021.
- By Geography, North America is expected to lead the market contributing more than 30.1% revenue share in 2021 owing the growth of pharmaceutical industry in this region and also by the presence of major market players.
Market Dynamics
Driver – The increasing penetration of inkjet printers in developing nations coupled with rapid digitalization is expected to be the key driving factors for the market growth. For instance, Canon Inc, on 5th August 2021, announced the evolution of the new imagePROGRAF TZ-5300 series and next generation imagePROGRAF TX-5310 series large format printers. The new TZ range offers High Speed, Productivity and Seamless Workflow Management. This development in the inkjet printers is anticipated to fuel the growth of the inkjet printer market.
Restraint – The major restraining factor that will negatively impact the growth of the Inkjet Printers Market includes the health hazards that are caused upon exposure to the chemicals used for printing and the environmental hazards when the printing wastes are not handled in a proper manner.
Opportunity – Hybrid printing using the inkjet printers is one of the latest printing technologies that is expected to find huge opportunities in the upcoming years as it offers more work to be done in a shorter duration of time and it is cost effective.
Challenges – The continuous exposure to the printing chemicals causes various health hazards and it needs to be handled with proper safety provisions. This factor will be a major challenge encountered by the inkjet printer market.
Read Also: Construction Equipment Market Valuation To Hit USD 239.96 Billion By 2030
Regional Snapshots
The Asia Pacific region is expected to witness significant growth during the forecast period owing to significant growth of the e-commerce industry in this region. For instance, on 2nd February, 2021 Epson India announced the launch of new format printers. This printer offers high-speed, quality printing, versatility and self-serviceability. This development in the Asia Pacific is estimated to drive the growth of inkjet printers in the market.
Key Companies Profiled
The global Inkjet Printers Market is characterized by the presence of various small and big players. The major market players are Videojet Technologies, Inc., Xerox Corporation, Pannier Corporation, Canon Singapore Pvt. Ltd., HP Development Company, L.P., Brother Industries, Ltd., KEYENCE CORPORATION, Konica Minolta, Inc. and Seiko Epson Corporation.
Segments Covered in the Report
By Type
- MultifunctionalPrinters
- DesktopPrinters
- Large FormatPrinters
- Inkjet PressPrinters
- IndustrialPrinters
- TextilePrinters
- Others
By Technology
- Continuous Inkjet
- Drop on Demand
- UV Inkjet
- Others
By End-user
- Consumer
- Education
- Industrial
- Textile
- Pharmaceutical
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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