Global Digital Production Printer Market Overview
Today books and magazines publishers are shifting from regular production to digital production printing. This is often because the technique is more economical. The worldwide production printer market is experiencing tremendous growth recently. As a results of rising demand for high-speed printing and multiple applications in areas like commercial, publishing, and label and packaging, the worldwide production printer market is experiencing splendid growth in recent time. Also the extensive use of printing in applications like large-scale package printing, label printing of cartons, flexible package, corrugated packaging, and plastic packaging.
Impact of Covid-19 pandemic on market
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The pandemic scenario due to COVID-19 has lowered the demand for apparel and textiles from the customers due to low spending power and reduced investment in lifestyle needs. This has declined the demand for large format printers from apparels and home decor applications. Also, the continuous fall in the global demand and export shipments for home decor products is also expected to negatively impact the large format printer market. This report will quantify the impact of pandemic on digital production printer market.
Global Digital Production Printer Market Drivers & Restraints
Packaging applications are among the major sources of demand for production printers, as digital package printing has become more mainstream. Product manufacturers are increasingly addressing focused groups of buyers through increasingly customizing cardboard boxes and labels. Packaging gained high importance. While many printers and converters have used their printing systems for digital label production, in 2020, folding cartons and flexible packaging are expected to become increasingly focused. With tactile elements on packaging materials and creatively designed outer packaging, brand owners further focus on driving the consumers' attention on their products.
Growth of e-commerce industry
The growth of e-commerce is expected to drive the demand for better packaging solutions worldwide. This is expected to drive the Production Printing solutions in packaging to meet the needs of this market where competition is very high. The evolution of e-commerce is expected to create demands for printing methods that can match the speed, volumes, and standardization that this industry demands. However, high initial investment cost might be hampering the growth of the market.
Global Digital Production Printer Market Segmentations & Regional Insights
Digital production printer market is segmented based on type, technology, production method, application and region.
On the basis of type, the global digital production printer market is segmented into monochrome and color. Based on technology, the global digital production printer market is segmented into inkjet and toner. Based on production method, the target market is segmented into cut sheet, continuous feed, sheet fed, and web based. Based on application the target market is segmented into transactional, commercial, publishing, label & packaging, and others.
Regional Insights:
On region the global digital production printer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share of the production market, while the market in the APAC is expected to grow at the highest CAGR during the forecast period. This growth of the market in APAC may be attributed to the high demand in Japan and other countries. The ongoing development in this region makes it a lucrative and high-potential market for production printers.
Digital Production Printer Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2029 |
Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
Market Segmentation |
By Type: Monochrome and Color By Technology: Inkjet and Toner By Production Method: Cut Sheet, Continuous Feed, Sheet Fed, and Web Based By Application: Transactional, Commercial, Publishing, Label & Packaging, and Others |
Delivery Mode Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global digital production printer market report based on type, technology, production method, application, and region.
Digital Production Printer Market, By Type:
- Monochrome
- Color
Digital Production Printer Market, By Technology:
- Inkjet
- Toner
Digital Production Printer Market, By Production Method:
- Cut Sheet
- Continuous Feed
- Sheet Fed
- Web Based
Digital Production Printer Market, By Application:
- Transactional
- Commercial
- Publishing
- Label & Packaging
- Others
Digital Production Printer Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Digital Production Printer Market Competitive Landscape & Key Players
The key players operating in the global digital production printer market includes Xerox, Hewlett-Packard, Ricoh Company, Konica Minolta, Canon, Agfa, Gevaert, EFI Electronics, Eastman Kodak Company, Inca Digital Printers, and Miyakoshi Co. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In April 2015, Xerox partnered with Fotoba (US) to develop the industry’s fastest production of full-bleed and multi-up posters, banners, and signage at speeds as fast as five seconds per page.
Global Digital Production Printer Market Company Profile
- Xerox
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hewlett-Packard
- Ricoh Company
- Konica Minolta
- Canon
- Agfa
- Gevaert
- EFI Electronics
- Eastman Kodak Company
- Inca Digital Printers
- Miyakoshi Co.
Global Digital Production Printer Market Highlights
FAQs
The digital production printer market is segmented into type, technology, production method, application and region.
Factors driving market growth include the increasing demand for high-speed and high-quality printing, advancements in digital printing technology, and the growing adoption of digital production printers in various industries.
Global restraints may involve the competition from traditional printing methods, concerns about printing costs, and challenges in achieving certain color reproductions.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is anticipated to dominate the Digital Production Printer Market, exhibiting a significantly high revenue share over the forecast period.
The key players operating in the printing and imaging industry include Hewlett-Packard, Ricoh Company, Konica Minolta, Canon, Agfa-Gevaert, EFI Electronics, Eastman Kodak Company, Inca Digital Printers, and Miyakoshi Co.