Digital Printer Market

Digital Printer Market Outlook (2024 to 2034)

Worldwide revenue from the sales of digital printers is projected to reach US$ 27.74 billion in 2024, according to a recently updated market analysis by Fact.MR. The global digital printer market has been forecasted to expand at a CAGR of 6.2% to climb to a value of US$ 50.63 billion by the end of 2034.

Rapid digitalization and growing technology advancements across several industry verticals, such as textiles, e-Commerce, and others, are contributing to increased demand for digital printers for advanced printing solutions. Widespread use of digital cameras is leading to the increased requirements for digital photo printers around the world. Moreover, digital prints have become very popular in the textile industry, thereby resulting in growing demand for fabric printing solutions, subsequently pushing sales of fabric printers.

Constant advancements taking place in printing technology, eco-friendly printing practices, growing penetration of the internet, and surging requirements for on-demand printing solutions are favoring sales of digital printers. Flexibility, convenience in operation, and high accuracy of digital printers are leading to their increased demand.

Increasing concerns related to climate change along with several environmental initiatives, such as Red Alert are stimulating companies across several industries for using green technologies. Further, green printing initiatives are launched for helping in reducing the operation length and minimizing wastage, thereby resulting in a reduced impact on climate. Moreover, a growing preference for bio-based or water-based solvents is helping in minimal emission of harmful compounds.

• Sales of digital printers in Japan are projected to rise at a CAGR of 7.5% from 2024 to 2034.
• East Asia is approximated to capture 26% of the global digital printer market share by 2034.
• Worldwide demand for solvent ink-based digital printers is expected to increase at a CAGR of 5.6% and reach a market value of US$ 17.21 billion by 2034.
• Sales of digital printers in Canada are analyzed to rise at 6% CAGR through 2034.

Report Attribute	Detail
Digital Printer Market Size (2024E)	US$ 27.74 Billion
Forecasted Market Value (2034F)	US$ 50.63 Billion
Global Market Growth Rate (2024 to 2034)	6.2% CAGR
South Korea Market Growth Rate (2024 to 2034)	7.7% CAGR
North America Market Share (2034F)	31.5%
Market Share of Inkjet Printers (2034F)	63%
Key Companies Profiled	Hewlett-Packard Development Company; Printronix; Canon Inc.; Inca Digital Printers Limited; Seiko Epson Corporation; Durst Phototechnik AG; Xerox Corporation; Ricoh Company Ltd.; Toshiba; Roland DG Corporation.

What is Contributing to Steady Digital Printer Market Size Expansion?

“Surging Demand for Sustainable Packaging Solutions Driving Preference for Digital Screen Printing”

Sustainability is one of the popular trends around the world. There is a higher demand for sustainable packaging solutions than ever before. Moreover, the growing application of digital printers is making it feasible for end users to reach sustainability outcomes. Thereby, a rising demand for sustainable printing and packaging is contributing to an increased demand for digital printers. UV-curable inks are becoming increasingly popular owing to their ability of protecting against UV radiation and their eco-friendly nature. Offering protection against UV radiation helps minimize the chances of harming the quality of prints, thereby positively impacting digital printer market trends.

What is Adversely Impacting Digital Printer Market Growth?

“Higher Investment Requirement Limiting Demand for Digital Printers”

Several benefits are associated with digital printing technology based on operational efficiency. However, it leads to a higher financial burden on market players as the prices of solvents, inks, printers, and other similar items are comparatively high. In addition, the time frame for return on investment is longer than other solutions, which is one of the major drawbacks associated with digital printers.

How are New Companies Penetrating This Business Space?

“Emphasis on Integrating Advanced Technologies and Creating Innovative Products”

There is an increased popularity of digital printing on fabric as one of the ongoing fashion trends. Several fashion designers are adopting this trend to attract a larger base of consumers. Digital fabric printing technology is comparatively a new trend and has a wide scope of advancements and improvements, which is further creating prospects for new market players.

• Kornit Digital Ltd. is a printing company, headquartered in Rosh Haayin, Israel. This MNC is producing high-speed industrial inkjet printers, chemical products, and pigmented ink for home goods, garment and apparel, decorative items, and textile accessories. Through its offering company is trying to revolutionize the fashion industry, while providing more effective fabric printing technologies and printers.

Startups are using innovative approaches and offering novel printing solutions for standing out from the crowd and gaining a noteworthy share. Surging demand for customized printing equipment specific to application is creating lucrative opportunities for market players.

Country-wise Insights

As mentioned in the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, North America is evaluated to account for a 31.5% share of global market revenue by the end of 2034. Growing focus on the adoption of digital printers and preference for novel printing technologies are positively influencing market trends. The presence of some prominent digital printing companies, such as Custom Ink, Graphic Vision, LLC, and others is also helping the region stand out globally.

What is Attracting Digital Printer Manufacturers to the United States?

“Advancements in Nanotechnology Driving Demand for Nano-graphic Printing Technology”

Attribute	United States
Market Value (2024E)	US$ 4.07 Billion
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 7.27 Billion

The United States is forecasted to capture 45.6% share of North America by the end of 2034. Constant advancements are taking place in the country in the field of nanotechnology, which is contributing to the rising demand for nano-graphic printing technology. Increased investments in R&D activities for the production of new printing technologies are favoring market growth.

Which Country Holds a Leading Market Share in East Asia?

“Expanding Textile Industry Driving Demand for Digital Printing Solutions in China”

Attribute	China
Market Value (2024E)	US$ 3.19 Billion
Growth Rate (2024 to 2034)7	7% CAGR
Projected Value (2034F)	US$ 6.25 Billion

China is calculated to hold 47.5% share of the East Asian market by the end of 2034. The presence of a well-established textile industry in the country is because of the growing production and export capacity, which is contributing to the increased popularity of digital fabric printing. Inkjet printing technology is used for printing garments for its advantages of etching complicated and colorful designs on fabric with improved precision. The use of ‘green technologies’ in this printing technology is helping in minimizing the harm caused to the environment.

Will Japan Offer Moneymaking Opportunities for Digital Printer Manufacturing Companies?

“Flourishing e-Commerce Industry Pushing Demand for Digital Printing Solutions”

Attribute	Japan
Market Value (2024E)	US$ 1.88 Billion
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 3.87 Billion

Japan is projected to possess a share of 29.4% of East Asia by 2034-end. There has been a noteworthy expansion of the e-Commerce industry in the country, which is further generating demand for digitalized label printing. Subsequently, there is an increased demand for digital printers. In addition, constant advancements taking place in print technology are stimulating several businesses to opt for more flexible and efficient printing solutions.

Category-wise Insights

An increased demand for solvent ink-based digital printers is due to their comparatively lower emission. Moreover, several end-use industries, such as e-Commerce, textile, and others are becoming more cautious about the use of eco-friendly printing technologies, which is further driving demand for solvent ink-based printers.

Why are Solvent Ink-based Digital Printers Preferred Over Other Variants?

“Solvent Ink-based Digital Printers Preferred for Their Low VOC Content”

Attribute	Solvent Inks
Segment Value (2024E)	US$ 9.99 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 17.21 Billion

Solvent ink-based digital printers are approximated to contribute 34% share of the global market by the end of 2034. The growing demand for solvent ink-based digital printers is because of their ability of producing very less VOCs than they used to in the past. Several manufacturers are emphasizing the production of light solvent or eco-solvent inks. Printers with these ink options are offering a range of uncoated media and a better color gamut, thereby becoming a preferred choice of several end users.

Why are Inkjet Printers Demanded More than Laser Printers?

“Comparatively Quick Response Time of Inkjet Printers”

Attribute	Inkjet Printers
Market Value (2024E)	US$ 18.59 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 31.9 Billion

Inkjet printers are analyzed to occupy a share of 63% of global market revenue by 2034. The ability of inkjet printers to offer a quick output is contributing to their increased adoption. In addition, the eco-friendly features of these printers are stimulating their demand with the growing emphasis on green technologies across several end-use industries, such as textiles and others.

Competitive Landscape

Key players in the digital printer market are focusing on collaborations, mergers, partnerships, acquisitions, and other initiatives to strengthen their market presence and expanding their business scope across several regions.

For instance :

• Printronix is one of the most popular companies offering printing solutions and is headquartered in Irvine, California, United States. It helps consumers with printers for tracking and management, shipping, compliance labeling, and other services.

Fact.MR provides detailed information about the price points of leading manufacturers of digital printers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.

Segmentation of Digital Printer Market Research

• By Product Type :

  • Inkjet
  • Laser

• By Ink Type :

  • Aqueous
  • Solvent
  • UV-curable
  • Dye Sublimation
  • Latex

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA