What is the global market size of the Print Equipment?

Global Print Equipment Market size was valued at USD 22.89 billion in 2021 and is poised to grow from USD 23.4 billion in 2022 to USD 27.85 billion by 2030, growing at a CAGR of 2.20% in the forecast period (2023-2030).

What is the key driver of the Global Print Equipment Market?

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.

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 News

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 Market Report Snapshots

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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.

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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

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