Printing Machinery Market Research, 2031
The global printing machinery market size was valued at $16.5 billion in 2021, and is projected to reach $20.5 billion by 2031, growing at a CAGR of 2.2% from 2022 to 2031.
Printing machinery is a type of machine that produces characters and designs by applying heat to special paper or any other material that is sensitive to heat. Printing machinery have become a vital part of our day-to-day life as they are widely used in offices, institutions, and industries for the purpose of making any information accessible.
The global printing machinery market has a significant growth potential and is expected to grow at a considerable rate in the next few years. A printer is an output device that produces texts or images on a medium known as ‘substrate’. A printer cannot draw a continuous line on the substrate whereas a plotter can draw a continuous line on the substrate. Digital printers are often connected with computers either wirelessly or through a USB cable. Printing machinery are widely used in industries for printing various forms of information such as texts, images, warnings and designs on mediums such as paper, cloth, metal, plastic and glass. The printing machinery market has been gaining more and more importance in the manufacturing industry with the development in 3D printing technology is expected to boost the printing machinery market growth.
In addition, launch of new products with improved capabilities by key players in the industry have always kept the printing machinery and equipment market competitive. In 2020, Memjet introduced a new technology called DuraFlex. DuraFlex produces industry-leading speed and quality at an affordable price. As DuraFlex is modular, OEMs can develop printing equipment and get them to the market faster and at an affordable price.
Over the past few years as digital products and services have gained popularity, the print industry has witnessed a major decrease in demand. The migration of publishing and advertising agencies to digital media from conventional print media continues to be a restraint for growth of the print industry. Continuous development in the technology is set to be the driving force for printing machinery market during the forecast period.
The printing machinery market is segmented into Product Type, End User and Business Type and region.On the basis of product type, the market is divided into offset, flexo, digital and others. On the basis of end users, the market is divided into packaging, publication and others. On the basis of business type, the market is divided into original equipment manufacturing (OEM) and aftermarket. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Netherlands, Switzerland and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of product type, the offset segment generated the highest revenue in 2021, owing to it being used in combination with lithographic printing. In offset printing, the paper does not come into direct contact with the printing plate. Instead, the image is transferred to a rubber roller. This process produces rich, smooth, solid-tone prints without the banding that occurs with lower-quality prints.
On the basis of region, Europe registered highest market share in the global printing machinery market share in 2021, owing to increase in demand for sustainable packaging solutions and rise in demand for consumer goods in Europe are the major factors driving the growth of the printing machinery industry in Europe.
On the basis of business type, the original equipment manufacturing (OEM) segment accounted for the highest revenue in the global market in 2021, owing to rise in adoption of technology to increase the efficiency.
COMPETITION ANALYSIS
The key players that operate in the printing machinery market are 3D Systems, Apex Machine Company Inc., Autoprint Machinery Manufacturers Pvt. Ltd., Canon Inc., Docod Precision Group Co. Ltd, Einbecker Kennzeichnungssysteme GmbH (EKS), Heidelberger Druckmaschinen AG, HP Development Company, LP, Koenig & Bauer AG, Komori Corporation, Laser Lines, Mark Andy, Manroland Goss, Printronix, Proto Labs, Inc., Weber packaging Solutions, Inc., and Zhejiang Feida Machinery Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global printing machinery market trends and dynamics.
- In-depth global printing machinery market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of printing machinery market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Printing machinery market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in printing machinery market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of printing machinery industry.
Printing Machinery Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 20.5 billion |
 Growth Rate | CAGR of 2.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 260 |
 By Product Type |
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 By End User |
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 By Business Type |
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 By Region |
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 Key Market Players | Laser Lines, Heidelberger Druckmaschinen AG, 3D Systems, Proto Labs, Inc., Printronix, Koenig & Bauer AG, HP Development Company, LP, Manroland Goss, Weber packaging Solutions, Inc., Zhejiang Feida Machinery Co Ltd., Docod Precision Group Co. Ltd, Mark Andy, Komori Corporation, Autoprint Machinery Manufacturers Pvt. Ltd., Einbecker Kennzeichnungssysteme GmbH, Apex Machine Company Inc., Canon Inc. |
Analyst Review
The printing machinery market has witnessed huge demand in North America, Asia-Pacific, and Europe. Europe registered highest market share in the global printing machinery market share in 2021, owing to increase in demand for the sustainable packaging solutions and rise in demand for consumer goods in Europe are the major factors driving the growth of the printing machinery market in Europe. Companies are focused on developing advanced machinery, which can be utilized to increase the productivity. the offset segment generated the highest revenue in 2021, owing to it being used in combination with lithographic printing. In offset printing, the paper does not come into direct contact with the printing plate. Instead, the image is transferred to a rubber roller. This process produces rich, smooth, solid-tone prints without the banding that occurs with lower-quality prints.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement, to expand their business and strengthen their market position. For instance, in July 2022, Docod launched a new G50 Handheld Inkjet printer which has distinctive features such as built-in sprinkler head, Wi-Fi Module and others. With these upgraded features, it will enrich its product line. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global printing machinery market.
Print media and printing of labels also find application in various office and admin use due to its high printing speed are the upcoming trends of Printing Machinery Market in the world.
The offset is the leading product type of Printing Machinery Market.
Europe is is the largest regional market for Printing Machinery.
The global printing machinery market size was valued at $16,494.8 million in 2021.
3D Systems, Apex Machine Company Inc., Autoprint Machinery Manufacturers Pvt. Ltd., Canon Inc., Docod Precision Group Co. Ltd, Einbecker Kennzeichnungssysteme GmbH (EKS), Heidelberger Druckmaschinen AG, HP Development Company, LP, Koenig & Bauer AG, Komori Corporation, Laser Lines, Mark Andy, Manroland Goss, Printronix, Proto Labs, Inc., Weber packaging Solutions, Inc., and Zhejiang Feida Machinery Co. Ltd.re the top 17 companies to hold the market share in Printing Machinery.
The base year considered in the global printing machinery market report is 2021.
The top 17 market players are selected based on two key attributes- competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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