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Digital Printer Market

Digital Printer Market

Digital Printer Market Analysis, By Product Type (Inkjet Printers, Laser Printers), By Ink Type (Aqueous Inks, Solvent Inks, UV-curable Inks, Dye Sublimation Inks, Latex Inks) - Global Market Insights 2022 to 2032

Digital Printer Market
FACT469MR
  • Jul-2022
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Technology

Digital Printer Market Outlook (2022-2032)

The global digital printer market currently accounts for a valuation of US$ 24.65 billion and is expected to reach US$ 45.41 billion by the end of 2032. Worldwide shipments of digital printers are predicted to increase at a high CAGR of 6.3% through 2032.

Increasing use of printing in various applications is expected to drive demand for printing equipment. Industrial printing and commercial printing are expected to witness revolutionary changes as technology advances, thereby driving market expansion.

Report Attributes

Details

Digital Printer Market Size (2022E)

US$ 24.65 Billion

Forecasted Market Value (2032F)

US$ 45.41 Billion

Global Market Growth Rate (2022-2032)

6.3% CAGR

North America Market Share (2022)

32.7%

Europe Market Share (2022)

29.6%

Key Companies Profiled

  • Hewlett-Packard Development Company
  • Canon Inc.
  • Seiko Epson Corporation
  • Xerox Corporation
  • Ricoh Company Ltd.
  • Durst Phototechnik AG
  • Inca Digital Printers Limited
  • Printronix

Interested to Procure The Data

Digital Printer Demand Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)

Increasing advancements in technology and rapid digitization across various industry verticals have fuelled the demand for digital printers and this trend is expected to be prevalent throughout the forecast period as well.

The widespread usage of digital cameras has led to an increased demand for digital photo printers across the world. Digital prints in the textile industry are becoming increasingly popular and hence are driving demand for fabric printing services which subsequently propel sales of fabric printers.

Advancements in printing technology, increasing demand for on-demand printing, eco-friendly printing practices, and increasing internet penetration are other factors that favour digital printer sales over the coming years.

High accuracy, cost-efficient nature, low set-up costs, and flexibility are some characteristic features of digital printing that are expected to favour the consumption of digital printers.

From 2022 to 2032, the digital printer market is predicted to expand at a CAGR of 6.3%.

Digital printer market forecast by Fact.MR

What Influential Factors Could Shape Digital Printer Sales?

“Increasing Demand for Sustainable Packaging Driving Popularity of Digital Screen Printing”

Sustainability has been a popular trend across the world over the past few years and is expected to only get significant over the forecast period. The demand for sustainable packaging is higher than ever before and the use of digital printers makes this possible at a reasonable cost.

Hence, as demand for sustainable packaging and printing solutions increases, it is projected to drive the sales of digital printers through 2032. UV-curable inks are anticipated to be highly popular due to their eco-friendly nature and ability to protect against UV radiation that could harm the quality of prints.

What Trends Should New Market Entrants Focus On?

“New Digital Printer Manufacturers Should Focus on Integration of Advanced Technologies & Create Innovative Products”

Digital printing on fabric has emerged as a highly popular fashion trend and is being adopted by several fashion designers across the world. Digital fabric printing technology is a relatively new trend and has a wide scope of improvement and advancement, which new market players could exploit to leverage their market stance.

  • Kornit Digital Ltd., an Israeli-American printing company, provided its unique fabric printing technologies to fashion designers to create new collections. Designers Yanky Golian and Nataf Hirschberg used Kornit’s Apollo direct-to-garment (DTG) system to print blended color gradients on their garments. The company has also provided other technologies to fashion designers and is expected to revolutionize the fashion industry soon with its novel fabric printers and fabric printing technologies.

Start-up companies can mimic such innovative approaches and create novel printing solutions to stand out from the crowd and gain a prominent market share.

Demand for specialized printing equipment specific to custom applications is increasing and this is expected to provide lucrative opportunities for new digital printer manufacturers over the coming years.

How Will the Digital Printer Industry Perform on a Regional Level?

“North America Leads Global Digital Printing Business Landscape”

The North America digital printer market currently accounts for a major market share of 32.7% and is valued at US$ 8.06 billion in 2022. Increasing focus on sustainable packaging, rapid adoption of novel printing technologies, presence of key digital printing companies, and increasing adoption of digital printers in the textile industry are major factors that influence the digital printer market potential over the coming years.

Increasing advancements in nanotechnology are projected to drive the growth of nano-graphic printing technology in this region. High investments in research and development of novel printing technologies are also projected to favour digital printer market growth.

Demand for digital printers is anticipated to soar high in the region of Europe owing to the presence of key packaging companies and increasing focus on sustainability. Germany, France, Italy, and the U.K. are anticipated to lead the growth in this region through 2032.

In 2022, the Europe digital printer market stands at a value of US$ 7.29 billion and holds a market share of 29.6% in the global industry. The demand for UV-curable inks is anticipated to be high in this region owing to their eco-friendly nature and low cost.

Fact.MR, a market research and competitive intelligence provider, has performed a detailed analysis of the current and future market trends that are prevalent across regions in the world, in this latest digital printer market survey.

Competitive Landscape

Digital printer manufacturers are expected to focus on mergers, collaborations, acquisitions, and partnerships to expand their business scope and strengthen their market presence across various regions.

  • In 2021, Canon a leading Japanese multinational conglomerate announced the acquisition of Canada-based Redlen Technologies. Canon acquired advanced AI-imaging technology and advanced radiation detection technologies through this acquisition as they were Redlen’s specialty.

Key Segments Covered in Digital Printer Industry Research

  • Digital Printer Market by Product Type :

    • Inkjet Printers
    • Laser Printers
  • Digital Printer Market by Ink Type :

    • Aqueous Inks
    • Solvent Inks
    • UV-curable Inks
    • Dye Sublimation Inks
    • Latex Inks
    • Others
  • Digital Printer Market by Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

At present, the global digital printer market stands at US$ 24.65 billion.
The digital printer market is set to reach US$ 45.41 billion by 2032.
Sales of digital printers are slated to rise at 6.3% CAGR.
Top 3 countries hold a cumulative market share of 41.4%.

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