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

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.