Global Print Equipment Market

Print Equipment Market Size, Share, Growth Analysis, By Type(Offset, Digital, Flexo, Others), By End-Use(Packaging, Publication, Commercial & Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG55A2007 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

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. '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'

Technological Advancements in Printing Technology

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Print Equipment Market

Report ID: SQMIG55A2007

$5,300
BUY NOW GET FREE SAMPLE