Currently valued at US$ 24.65 billion, the global Digital Printers Market is anticipated to grow to US$ 45.41 billion by the end of 2032. Digital printer shipments are expected to grow at a significant CAGR of 6.3% until 2032.
Demand for printing equipment is anticipated to rise as printing is used in more applications. As technology develops and the printing market grows, industrial and commercial printing are projected to undergo revolutionary changes. The demand for digital printers has been fueled by rising technological breakthroughs and quick digitalization across numerous industrial verticals, and this trend is anticipated to continue during the projected period.
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Key Takeaways from Digital Printer Market Study
- North America accounts for 32.7% of the digital printer market and the market scenario is expected to remain the same even going forward.
- Europe holds the second-largest market share – 29.6%.
- Digital fabric printing technology is expected to dominate the digital printer market in the years to come.
- Sustainable packaging to take the digital screen printing market by storm in the forecast period.
- The global digital printer market is likely to reach US$ 45.41 Bn by the year 2032.
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 players in the Digital Printer Market
- Hewlett-Packard Development Company
- Canon Inc.
- Seiko Epson Corporation
- Xerox Corporation
- Ricoh Company Ltd.
- Durst Phototechnik AG
- Inca Digital Printers Limited
- Printronix
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
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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.
How will be insights and market estimations provided in the Fact.MR report on the Demand Digital Printer make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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