USD 22.89 billion
Print Equipment Market Size, Share, Growth Analysis, By Type(Offset, Digital, Flexo, Others), By End-Use(Packaging, Publication, Commercial & Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG55A2007 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Print Equipment Market Insights
Global Print Equipment Market size was valued at USD 22.89 billion in 2019 and is poised to grow from USD 23.4 billion in 2023 to USD 27.85 billion by 2031, growing at a CAGR of 2.20% in the forecast period (2024-2031).
The invention of printing presses has enabled the mass production of books, newspapers, magazines, and other reading materials. In order to promote literature, printing is crucial. For instance, according to the World Association of Newspapers and News Publishers (WAN-IFRA) 2020 facts report, the print circulation was 521 million around the globe. According to the estimates publishers are earning about 82% of their total revenue from print, and that revenue will prove vital for publishers continuing to transition to a more digitally-focused business.
The global printing machine market is expanding as a result of the expanding packaging industry and rising demand for advanced graphics in this sector. Additionally, the expansion of e-commerce has become a key element in the growth of the packaging market, which has in turn increased demand for printing equipment. For instance, the Indian Brand Equity Foundation estimates that the country's e-commerce sector earned $15 billion in revenue in 2019 and went on to reach $64 billion in 2019, with a CAGR of 44.8 percent.
The fundamental force behind this growth of the print equipment market is the quick development of technology. One of the most recent advancements influencing the prognosis for the global market for printing machines and equipment is instant and on-the-go printing. By using the appropriate smartphone app, wireless connectivity in portable printers enables hassle-free printing for consumers. In addition to inspiring the future generation of young users to be more imaginative and acclimated to using printers with this technology, the futuristic technology will also. The supply of essential raw materials for inks and their components has been particularly difficult over the past few years, forcing ink businesses to scramble to obtain inks and coatings at significantly higher costs. As per reports, sales of printing equipment fell by 24 percent in 2019 as a result of the coronavirus epidemic, totalling to USD 13.2 billion globally.
US Print Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offset
Fastest Growth
Digital
Growth Rate
2.20% CAGR
Global Print Equipment Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Print Equipment Market Segmental Analysis
Global print equipment market is segmented based on type, end-use and region. Based on the type, the global print equipment market is segmented into offset, digital, flexo and others. Based on the end-use, the Print Equipment Market is segmented packaging, publication, commercial & others. Based on region, Print Equipment Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Print Equipment Market Analysis by Type
On the basis of type, the print equipment market is segmented into offset, digital, flexo and others. Today, offset printing is the most popular printing technique, which is used for a variety of purposes including book notes, packaging, marketing materials, etc. Offset printing can be used to print everything that has to be done, hence it is predicted to have the maximum market share in this segment. It is commonly used for printing newspapers, books, legal documents, periodicals, brochures, business cards, letterhead, booklets, business forms, flyers, calendars, and invitations.
Lithographic printing and offset printing are frequently combined. The paper does not make direct touch with the printing plate while using offset lithography.
Print Equipment Market Analysis by End-Use
Based on end-use, the print equipment market is segmented into packaging, publication, commercial & others. Packaging will dominate the end-use market for printing equipment globally in 2021, with a market share of almost 49.2 percent. Due to the increasing demand for applications like packaging and labelling, the end-user industry segment of the print equipment market will continue to be dominated by packaging. Recent spike in government spending on manufacturing value-added industries in emerging nations will have an expansion rate of 1.3 times its current market value on the packaging end-use segment.
Global Print Equipment Market Size By Type, 2021(%)
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Print Equipment Market Regional Insights
Global print equipment market is anticipated to be led by North America in the coming years. The trend is not expected to change any time soon. Rapid technological development and early uptake of cutting-edge technology in the area are the key market drivers.
Asia Pacific, on the other hand, is anticipated to grow at a considerably higher CAGR and hold a sizable share of the global print equipment market. The growth of the Asia Pacific Print Equipment Market is anticipated to be aided by the rise of packaging printing services in countries like China and India. Additionally, it is projected that the region's rising literacy rate will increase demand for more printing supplies and printed goods including books, periodicals, and other items. As per reports, by the end of 2026, India will be the second-largest shareholder in the Asia Pacific printing equipent market, holding close to 26% of the market. Printing equipment manufacturers would have plenty of attractive prospects to increase their revenue production in APAC nations as a result of the growth and penetration of manufacturing value added sectors. According to data published by the United Nations Statistics Division, China accounted for 28.7 percent of global manufacturing output in 2019. The demand for printing equipment has gradually grown as a result of Asian countries like China and India's continuously rising production of packaging, office stationery, books, labels, and advertising. The demand for environmentally friendly, biodegradable solutions has also fuelled the expansion of the global printing machinery market.
Global Print Equipment Market By Geography, 2021 - 2028
- Largest
- Fastest
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Print Equipment Market Dynamics
Print Equipment Market Driver
- Technological Advancements in Printing Technology
The primary force behind the growth of the print equipment market is the quick development of technology. Apart from this, instant and on-the-go printing is gaining all the popularity around the globe. By using the appropriate smartphone app, wireless connectivity in portable printers enables hassle-free printing for consumers. In addition to inspiring the future generation of young users to be more imaginative and acclimated to using printers with this technology, the futuristic technology will also.
- Higher Demand for Advertisement through print media
As per World Press Trends by the World Association of Publishers, advertising was cited as the single most important source of income (27%) despite the declines in print advertising and ongoing difficulties with digital advertising, as well as the fact that audience revenue has consistently surpassed ad revenue in the reports for the past five years. Subscriptions (21%) and single copy sales (10%) were next, followed by a collection of various revenue streams.
Print Equipment Market Restraint
- Growing Digitization
Despite the widespread usage of various reading materials, the print equipment market is anticipated to be impacted by the growing digitization. As per WAN-IFRA report by the World Association of Publishers, consumers strive for excellent journalism in a tumultuous "environment," filled with disinformation and mistrust, digital reader revenue and digital readership continued to rise dramatically last year, up roughly 27 percent and 36 percent, respectively. Additionally, publishers are relying on audiences-first approaches and digital subscriptions as the cornerstones of a sustainable future. This makes publishing challenges more difficult. The print equipment market expansion is projected to be hampered by the growing use of digital data and reading materials, such as e-books and online news subscriptions. While digital advertising remains a challenge on a number of fronts, revenues increased 8.8% last year.
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Print Equipment Market Competitive Landscape
Global print equipment market is growing and welcoming new competitors. To increase their market share, major players are concentrating on technological developments. As an illustration, Landa Corp. recently created nanotechnology to print on any type of surface with a minimum amount of pigment water-based particles. These advances should bode well for the world market.
Electrography and inkjet are two examples of digital printing technology that are creating new opportunities for suppliers and equipment makers. Analog print technology is losing ground to digital machines. As a result, manufacturers in the global print equipment market are putting a lot of effort into upgrading technology to better serve customers. For instance, the top digital printing business in Malaysia, Dot2dot, is modernising itself in digital printing.
Print Equipment Market Top Player's Company Profiles
- HP Inc.
- Canon Inc.
- Epson America Inc.
- Brother Industries Ltd.
- Xerox Corporation
- Konica Minolta Inc.
- Ricoh Company Ltd.
- Kyocera Document Solutions Inc.
- Toshiba Tec Corporation
- Lexmark International Inc.
- Fujitsu Ltd.
- Oki Electric Industry Co. Ltd.
- Sharp Corporation
- Samsung Electronics Co. Ltd.
- Panasonic Corporation
- Seiko Epson Corporation
- Roland DG Corporation
- Mimaki Engineering Co. Ltd.
- Mutoh Holdings Co. Ltd.
- Agfa-Gevaert Group
Print Equipment Market Recent Developments
- In June 2022, Bobst revealed its latest portfolio of products during a launch which included the new large-format Expertline converting lines, a new rapid change-over attachment for its flatbed die-cutters, new and updated digital support systems, and advances in eco-friendly packaging.
- In May 2022, the Hudson Printing announced that it has acquired a second Landa S10P Nanographic Printing Press, six months after the first S10P moved into production at the site.
- In December 2021, in a collaborative effort, Fujifilm Holdings Corporation introduced its first Revoria Press PC 1120 Production printer in India.
- In Decemer 2021, in the digital packaging conference held in Ponte Vedra Beach, Florida, Komori Corp. and Spectrum Printing won the prize for the best folding carton case study.
Print Equipment Key Market Trends
- The sustainability mission taken up by key players active in the global print equipment market to compel the market to bring in eco-friendly products. For example, recently Bobst launched a new "high barrier flexible packaging solution" designed for recyclability. The company had successfully completed a pilot of the Digital Product Passports (DPP) initiative for a demo machine in Manchester. Moreover, switching to eco-friendly printing equipment, ink manufacturers are developing eco-friendly inks as consumers become more aware of the effects of their decisions on the environment. As compared to petroleum-based ink, soy-based ink provides true colours, is more environmentally friendly, and makes it simpler to recycle paper. This class of environmentally friendly inks is becoming more and more popular as corporate sustainability.
- Development of variable data printing (VDP) as a marketing communication tool has made it possible to tailor packaging information to a particular audience or even a single person. The demand for printing has changed recently, moving from traditional printing to changeable data printing and personalised printing. Compared to conventional printing methods, digital printing is more affordable.
- Introduction of more advanced products by key players in the printing equipment market with better capabilities continues to be a trend as companies strive to come up with innovative technologies. For example, Memjet unveiled a brand-new innovation named DuraFlex in 2020. DuraFlex offers competitively priced products with industry-leading speed and quality. Due to DuraFlex's modular design, OEMs can create printing equipment more quickly and inexpensively.
Print Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global print equipment market analysis, a major portion of audience who prefer print media, technological advancements in printing technology and revenue generated by advertisements through print media are some major factors driving the growth of the global print equipment market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 22.89 billion |
| Market size value in 2031 | USD 27.85 billion |
| Growth Rate | 2.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Print Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Print Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Print Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Print Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Print Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Print Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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